Future Banking = Bank of the Future + many uncertainties + some strategic opps + tactical regs
- I H C
- Jun 3, 2020
- 1 min read
Future Banking 2020 (the landmark digital banking event in #CEE) online went live from Bucharest 🇷🇴!
Opening panel of I H C together with seasoned industry veterans to dissect, analyze and debate the state of #FinTech investments during (and post-) Pandemic.
All with a focus on the Central & Eastern European region.
Future Banking = Bank of the Future + many uncertainties + some strategic opportunities + tactical regulatory moves
Razvan Enache moderated skillfully an international panel of CVCs, VCs and angels:
managing to condense the discussions in the allocated time, extracting the key messages:
- In search of Covid-resilience
- Risk management, not risk aversion
- We still like growth, but want to know there is a “plan B”
- Strategy beats tactics
- Cash is King!
- More decent valuations
- What is hot vs. what is not
(Positive) challenges for:
#CEE#startups: times are tough - be consistent, be frugal, lower fixed costs, seek recurring revenues, maintain healthy runway
#CEE#regulators: pro-business mindset could make the difference in the region - nurture the regional ecosystem, in order to be an exporter rather than an importer of regulation
#CEE#banks: regional startups are innovative and inexpensive - gain competitive advantage by allocating a small portion of digital transformation budget for strategic acquisition
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