On the 19th of September we had our first ‘Fintech Bites’ meetup, hosted at the premises of The IDco, a great new Fintech and Sopra Steria partner that focuses on Open Banking. The main theme was Digital Identities in Financial and Public Sectors. This was a soft launch event, with over 30 Financial Services professionals in attendance, including a number of representatives responsible for Fintech and Innovation from RBS, Lloyds and HSBCThe evening commenced with myself, Sopra Steria Consultant Taz Juozokas, introducing the meetup story and what we have in store for it in future. This was followed by UK Fintech Director Colin Carmichael talking about the Fintech Scotland ecosystem and what the key roles of each of the partners in Scotland are (Sopra Steria was announced as a Fintech Scotland partner in June 2018 with Managing Director of UK Consulting Melba Foggo on the Board of Executives).
The IDco were next to speak, with Digital & Open Banking Expert Andrew Garden and Digital Marketing Specialist Jimmy McLellan providing some great insight into their offerings.
Andrew gave a short overview of the interesting work The IDco has been doing in the digital identity space, as well as their future plans for KYC and AML automation for the Financial Services sector. He also showed us a demo of NoMo – a new digital finance management app. NoMo allows the customer to understand how well they are doing with finances and recommends spending based on this. It also does payment aggregation and alerts with personalised messages. You can test the private, beta version here.
Sopra Steria tech partner Wallet.Services closed the event, with speakers including Chairman Rab Campbell and CEO Stuart Fraser.
Rab covered the concept of blockchain and the work Wallet.Services have been doing with the Sopra Steria public sector. The audience was thrilled to learn about zero knowledge authentication enabled via distributed ledger technology. He also talked about their projects for Oil and Gas companies in Aberdeen, as well as the innovative work they have been doing with Citylets and partners regarding the safe sharing of rental information across the lettings market.
Wallet.Services created a digital identity on blockchain, which allows the registering of housing tenants rent payments in order to build their credit history.
The event has received great feedback from the audience and some interesting discussions were had afterwards. I would like to thank everyone who attended the event and showed an interest. Look out for more to come across the UK!