May 19, 2020

What to expect at the Cross-border Fintech Conference in London tomorrow

Fintech
Blockchain
Cybersecurity
get distributors
2 min
What to expect at the Cross-border Fintech Conference in London tomorrow

The Cross-border Fintech: Regulation and the Law 2019 conference is tomorrow. Here is what to expect:

 

The conference takes place tomorrow, 6. June 2019 at Sofitel London St James. The event will provide delegates with the opportunity to discuss current market trends and pressing legal issues pertaining to the future of fintech. There will be a host of professionals, ranging from general counsel, partners, compliance officers, technology officers through to founders, directors and CEO’s.

The day is split into several sections. The morning begins with financial innovations and the legal department, focussing on the implementation of strategies to drive innovation; payments across borders: which explores how to balance purpose with process while reviewing the legal challenges of cross border payments.

Section two focuses on Distributed Ledger Technology. In the late morning the main topic will focus on blockchain and the possible legal issues incurred in participation in blockchain. Talks into the understanding of the growth of crypto-assets, and the legal management of them will follow.

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Section three will look at the challenges that start-ups and financial institutions face with ‘Best practices for investment and acquisition: Valuation and investment for industry growth’ in the afternoon. Diversification in fintech industries will also be examined, advising on how to ensure inclusivity at all levels of a company.

Section four looks ahead to the future of fintech and the legal challenges faced by companies. The mid afternoon discusses Fraud prevention and automation, with e-discovery & AML compliance, due diligence & KYC. Delegates will participate in talks on innovation in finance, and how to distinguish how technological innovation navigates between business objectives and regulatory requirements, as well as how to analyse the latest trends digital regulatory reporting.

Major speakers include Alessandro Portolano, partner at Chiomenti; Kaushalya Somasundaram, Global Head of Fintech Partnerships and Strategy at HSBC; Robin Eyben, partner at Osborne Clarke; Lara Oyesanya, Legal Director of Klarna Bank; andJoy Van Cooten, Head of Legal at ACI Worldwide (EMEA) amongst many more.

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May 11, 2021

Mambu and the UAE’s digital banking journey

Banque Saudi Fransi
Mambu
Joanna England
3 min
Mambu and the UAE’s digital banking journey
Miljan Stamenkovic, Mambu’s General Manager for MENA, talks technology and digital transformation...

Miljan Stamenkovic enjoys the dynamic and constantly evolving world of fintech banking. In his current role as General Manager for MENA for Mambu, Stamenkovic sees opportunity in abundance. 

“When I joined Mambu with my team in 2019, we came with the fintech, entrepreneurial mindset and DNA to build and grow Mambu’s business in the MENA (Middle East and North Africa) region. Before 2019, the region used to remind me of a desert, at least in terms of cloud service providers and cloud adoption. But this past year has been a wave of progress.” In November 2020, Mambu opened a new office in Abu Dhabi Global Market, as the region has quickly become a key market for Mambu.

He explains, “There are data protection laws. There are cybersecurity regulations and most importantly, a variety of major tier one cloud service providers that are available. But what particularly excites me here at Mambu is the opportunity to rethink business models together with our clients and really bring them to life. This is where I saw a great fit with Mambu and its composable philosophy.”

Creating a neobank and challenger bank ecosystem has been his ultimate goal. “In my opinion, this actually creates a unique opportunity to partner with some of the best fintechs in the region and build the region’s first and true challenger and neobanks.”

Stamenkovic credits Mambu’s partnership with Banque Saudi Fransi (BSF) for the success that has driven the bank forward in the region. “When I think about all the challenger and neobanks that have grown massively over the past decade,there is one common denominator for all these new initiatives. I would say they really operate like a tech company rather than a bank. - BSF is leading this approach in Saudi Arabia.”

He continues, “This brings a competitive advantage for tech companies. These platforms are each managed individually but can be swapped in and out. And when put together, they actually form the backbone of a company's technology capability. This is why tech companies and banks like BSF actually can get products to the market a hundred times faster than their more incumbent peers.”

The implementation, he stresses, is an evolving process, where each component is trialled and checked and swapped in and out according to its effectiveness. But it’s down to the dynamism of the team on the project to initiate these changes. “As critical as technology is to digital transformation, the DNA of people working on these initiatives is the key to success. At BSF they have a true startup and entrepreneurial mentality.”

He explains that Mambu is helping BSF deliver an entire new banking experience while providing soft core banking services hosted, in this case in Saudi Arabia. “Mambu sits at the heart of BSF's new challenger bank and its technology stack. So, this actually enables BSF to take an entirely cloud native approach, having Mambu at the centre of its ‘Digital Engine’.”

Stamenkovic points out, “Mambu enables banking like a modern tech company. Banks used to be built to last, but today they need to be built to change. And that's what we're enabling here.” 

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