|Event Date||Thu Apr 15 EDT (over 1 year ago)|
This Future of Finance webinar will explore with the leaders of some of the new banks, and with experts from countries with more diverse banking systems, whether it is not technology and data alone, but local and regional knowledge and relationship banking, that can build a more resilient, responsive, stable and innovative banking system for SMEs.
Topics of discussion will include:
• Are SMEs victims of financial exclusion?
• How much should we care about the limited access of SMEs to credit, when the vast majority contribute little in terms of employment, output, productivity and innovation?
• Are there regional differences in SME need for and access to credit?
• What evidence is available that traditional banks are using open data and data analytics to inform their credit judgments about SMEs?
• The Bank of England has proposed an Open Data Platform, through which SMEs could share data with potential lenders for on-boarding processes and credit decisions via APIs. How helpful is data in terms of increasing the supply of credit to SMEs and attracting new entrants?
• Would API standards help facilitate data sharing by SMEs?
• How helpful would digital identities (Digital IDs) be to SMEs seeking credit?
• What advantages do new ownership structures offer and what barriers do they face (e.g. funding, law, regulation)?
• What lessons can the United Kingdom learn from other countries?
• At what size do economies of scale cease to matter in banking?
• Should regional capital markets be redeveloped as a source of funding for banks and SMEs (e.g. through tokenisation)?
• What can new models of banking do for consumers as opposed to SMEs?
CEO, Alba Bank
Executive Director, South West Mutual
Director of Policy, APPG Fair Business Banking
Professor Charles Mann
Historian, Yale University
Co-Founder, Future of Finance