Matteo Rizzi has been actively engaged in the FinTech space for over 20 years and has deep connections amongst global banks executives, startups and investors. He knows how to bridge traditional banking with new or disruptive technologies, because he understands both. So he perfectly understands the goals of FinTech for a big financial place like Luxembourg.

ITnation and MAKANA have the pleasure of his company during the Gala Golden-I to host the round table focusing on new IT models. In a few questions he gives us his point of view about FinTech and innovation and ask to KBL, Digicash and Bank Soon what means innovation for them.

This different company shows that it’s possible to do something different in Luxembourg. We have to try a lot because you can’t be sure to be successful. Think out the box it’s the new way fot CIO to begin Chief Inspiration Officer…

How technology can transform traditional in innovative?

Is not about technology, is about technology in context. What is happening right now is that technology is enabling new entrants to decompose banking businesses targeting vertical services that becomes more ubiquitous, efficient and faster.

What are the keys to be disruptive?

The keys to being really disruptive in financial services are – In my opinion – betting on new customer behaviours that will change the trust paradigm, and work with the regulators to allow this shift to happen.
If we were certain that a global distributed ledger rather than a hub and spoke model (like SWIFT) was as secure, scalable and easy to use, this being so impressively faster and cheaper, wouldn’t we adopt it immediately?

Which are the most innovative startups in Fintech you have already met? Have you found the ‘Uber’ for Banks?

Uber for banking has different meanings to different people. To me, it means the ability to have a geographically independent institution account that allows global reach and local pricing everywhere. Like the flat-fee roaming plans for mobile data.
The closest we get to Uber in banking are some really clever new banking platforms that are open where user experience is incomparable with current e-banking platforms.

You said during the Fintech event in March organized by Silicon Luxembourg that Luxembourg has good advantages to attract startups, what is its best strength?

The fact of having a unique concentration of global players in a very vertical financial sector (funds and capital markets) with the opportunity to experiment at meanings, scale and fast failure philosophy what innovation can bring.

What will be the best place for FinTech startups for the coming years and why? Will London be still number 1?

There will be more than one, as the Fintech revolution has just started.

What will be your message to inspire people during Golden-I 2015?

I would like to share my views on what Fintech disruption means, and how to embrace it.

If you have questions during his speech don’t hesitate to use #goldeni2015 on our TweetWall during all the Gala.

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