EVENT IN DETAIL
Fintech Roundtable: Data & Techfin
Dublin – 29th November 2018
The British Embassy – 29 Merrion Road, Ballsbridge, Dublin 4.
First round table 11am – 1pm
Second round table 3pm – 5pm
We are pleased to announce the formation of the next roundtables to be led by the Scottish Irish Finance Initiative (‘SIFI’) on 29th November 2018 at the British Embassy in Dublin, Ireland in partnership with Scottish Development International and Fintech Scotland.
The invitation-only roundtable sessions follow on from the sessions held in Edinburgh in September. In the morning session, Pete Townsend from SIFI partnered with EnterpriseIreland to lead a morning roundtable on fintech with the wealth and asset management sector. In the afternoon session, SIFI and Fintech Scotland brought together Irish and Scottish fintech firms for a summit on lessons learned from selling to institutional buyers.
One of the recurring themes of the day in Edinburgh was the shared responsibility for data standards between the wealth and asset management sector and fintech firms. Before fintech firms can convert data into useful insights, the first priority is to cleanse and then aggregate the data they receive from disparate sources such as the legacy systems of institutional clients and 3rd party data vendors. The degree to which the products of our fintech participants rely on data cleansing and aggregation tools depends on their value proposition and their client base. Having found this common ground, we’d like to explore this theme further.
For the upcoming roundtables, we’re going to flip fintech around to ‘techfin’, which is the next-generation tech that powers finance. Techfin can be things like artificial intelligence and machine learning tools, data analytics, cyber and blockchain/DLT (amongst others), but when applied to financial disciplines. The thing about techfin is that the tech works across multiple verticals, from finance to medical to retail and manufacturing and beyond.
The participants in the first roundtable will be some of the more innovative thinkers across the broader international financial services sector in Ireland and 6-8 of the leading data-driven tech ventures working with the financial sector in Scotland. Our aim is to discover how we find value in the massive data sets stored in the legacy systems of institutional firms for the benefit of the end customer.