06 March 2014
The digital revolution is a game changer!
- Iren Tranvåg, Chairman for The Financial Services Club in Norway
- Chris Skinner, Chair of The Financial Services Club
- Roy Vella, Managing Director, Vella Ventures Ltd.
- Tor Jacobsen, CEO, TSM Nordic
- Stig Waagbø , EVP, Schibsted Norway
- Rune Sjøhelle, Communication Director, Nordea
Becoming a Digital Bank is the challenge for all banks as customers demand new services focused upon 21st century technologies. The challenge is that most bank systems are stuck in the last century. None of this is easy, and changing the bank’s core systems to become a truly Digital Bank is the hardest challenge of all. This is because the reinvention of last century technologies to new platforms with total reliability, security and resilience, is a stretch for everyone.
It makes it hard for traditional banks to compete in this new space, and allows many new and nimble firms to enter the banking markets and steal market share by exploiting new technologies, specifically the mobile internet.
In this new age of the mobile internet, where cloud computing allows anyone to scale from small to big data and back again, we are all wondering how to evolve our businesses to this new model of servicing and processing. In fact, many of us are wondering what the new model of banking will be.
What does it all mean; how do shape the vision; who are the people providing leadership; and where can you find out more?
Chris Skinner, Chair of The Financial Services Club
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. The Financial Services Club is a network for financial professionals, and meets regularly in London, Edinburgh, Dublin, Oslo, Stockholm, Vienna and Warsaw. Chris has written ten books covering everything from European regulations in banking through the credit crisis to the future of banking. His latest book, Digital Bank, provides a comprehensive review of the battle for digital banking and strategies for companies to compete. He is a regular commentator on BBC News, Sky News and Bloomberg about banking issues.
Roy Vella, Managing Director, Vella Ventures Ltd.
Mr. Vella is a mobile financial services expert and independent advisor/consultant to players large (such as Vodafone and the GSMA) and small (a number of startups). Prior to offering his services-at-large, Mr. Vella was at RBS where he developed the overall strategy and hired a team of 30 to implement the global bank’s mobile efforts including the development of new products and services, stored value functionality, mobile enabled payments, customer acquisition and the management of joint venture partners. Previously to RBS he spent five years with PayPal starting out as Director of Business Development in the US Merchant Services group, and finally as Head of Mobile Payments leading the mobile payments initiative in Europe.
Tor Jacobsen, CEO, TSM Nordic
Tor Jacobsen is the CEO of TSM Nordic, and started in the role November 2013. TSM Nordic is a TSM and mobile wallet vendor which will launch in the Norwegian market in 2014. The company is owned by Telenor and DNB – Norway’s biggest MNO and bank. Tor has worked his entire carrier in the interface between technology, new consumer habits and business. Before joining TSM Nordic, Tor worked in VG – Norway’s biggest newspaper both in printed and digital version, as Managing Director of VG Mobile. Here he had the responsibility of building up the mobile and tablet business of VG, both product-wise and commercially. Before VG Mobile, Tor worked in the Nielsen Company and Deloitte Consulting.
Stig Waagbø , EVP, Schibsted Norway
Stig Waagbø is a member of the Board and Management Team at the Schibsted Media Group in Norway. Stig was one of the earlier movers in the online industry and started already in 1996 by launching the first official portal for the educational sector I Norway. Later he joined Schibsted Nett and Scandinavia Online (SOL) where he had various managerial positions in Norway and Sweden working with search (Kvasir & Evreka) and portal development. In 2008 he started as development editor at Aftenposten, and was responsible for developing Aftenposten’s digital positions. Stig is now working with digital development for all Schibsted Norway’s subscription based newspapers and runs two development units in Oslo and Krakow.
Rune Sjøhelle, Communication Director, Nordea
Rune Kibsgaard Sjøhelle is head of Brand Management and Social Media in the Nordea Group and head of Communications in Nordea in Norway. He has ten years branding and communication experience from Nordea as well as experience from PR agencies and the European dot.com industry. He is educated MSc in Industrial Economics from the Norwegian Institute of Technology.