Last Thursday, global law firm Baker McKenzie hosted at their Amsterdam Zuid office a roundtable organized by Holland FinTech. Lawyers, bank managers and fintech executives had the opportunity to exchange their views on the upcoming PSD2.
Two-dozen professionals were sitting around the table, debating around an enjoyable breakfast.
The session was a great experience for attendees, a unique opportunity to gather insights from significant stakeholders. Rabobank was present in the name of Michal Kalina and Flip Tonkens represented ING. Consulting firms were involved too, represented by Anupam Majumdar from Accenture and Paul Koetsier from KPMG.
As for fintech start-ups, were present:
- Micro-investments app Limitless,
- Challenger bank Klarna,
- Privacy management software Privacy Valley,
- Financial process monitoring organization WTSS,
- Personal finance service provider MyMoneyManager,
- Payment company Acapture
- Online bookkeeping software Informer
Dutch payments association Betaalvereniging participated as well, along with Startup Bootcamp. In addition to Baker McKenzie’s attendees, law firm Eversheds Sutherland was present.
“Thanks to Holland FinTech we have some insights and support in the market looking for the road to development and deployment” Adri Odding from MyMoneyManager
Witnessing different parties stating their position on the awaited law corpus was thus instructional: the outputs coming out of the encounter of law, business and banking industries representatives were focusing on open banking, the prevalence of clarity over expected delays, consumer protection and the incumbents’ reaction.
After an introduction of the new regulation, the discussion started by reaching the issue of implementing the new regulations, as The Netherlands are going through schedule difficulties compared to their neighbours.
Banks representative could state their organization’s stance on the matter, a position challenged by other parties in attendance. Banks’ voices were generally speaking in favour of the upcoming change.
To learn more about this day’s insights, read our in-depth article here.