We are proud to announce that Moven will be presenting at this year’s Money 20/20 event on Monday October 24 at the Venetian in Las Vegas, NV.
Money 20/20 is the world’s largest payments & financial services innovation event and will feature more than 10,000 attendees including 1,000+ CEOs and 500+ speakers from 3,000+ companies and 75 Countries.
Our COO Dr. Mircea Mihaescu will be presenting on the theme Digital Banking: Perspectives on the Disruptors, the Incumbents & The State of the Art on Monday October 24 from 9:30-10:20am.
Dr. Mihaescu will be joined by an all star line-up of banking and fintech experts including: Chris Skinner from the The Financial Services Club, Ignacio Julia Vilar from ING Group and Joshua Reich from BBVA.
The experts will delve into the rapid technological change taking place in the world of banking, and discuss whether legacy banks will be able to evolve rapidly enough to compete with disruption from startups, or simply fall off into the history books like Kodak and Nokia.
According to Bryan Glick, Editor-in-chief of Computerweekly.com, most of the world’s leading banks are being held back by inflexible, complex legacy systems that make it difficult to pivot towards becoming agile, fast-moving technology adopters. Their emerging startup rivals, on the other hand, don’t have to deal with the hindrance of legacy IT.
For many years the banking industry was slow to adapt technologically, but now a new school of companies are emerging which provide streamlined digital and mobile solutions for payments, budgeting, saving and investing. Traditional banks are left with three options: Change, partner up with a startup, or disappear.
The session will provide perspective on the revolution in digital banking and personal finance from both traditional banking organizations and startups alike, and will include presentations from leading execs on their vision of banking’s future followed by a panel discussion moderated by noted author and digital banking expert Chris Skinner.
Dr. Mircea Mihaescu will explore how new Fintech players in the market will streamline the digital UX experience and make the process more contextual and personalized while inspiring users to take a more active and informed role in their own finances.
About Dr. Mircea Mihaescu
Dr. Mihaescu, a Berkeley alumni and Ph.D. graduate from the “Politehnica” University of Timisoara, Romania, has a long and varied career in both information technology and financial services.
Before joining Moven, Mihaescu held the position of General Partner at SBT Venture Capital managing a $100 million venture capital investment fund that invested in the most promising fintech startups worldwide.
He was the Managing Director of Sberbank — the largest bank in Central and Eastern Europe. During his time with Sberbank, Dr. Mihaescu helped start Digital Ventures, was the Director of IT Strategy, and Director of the Technology Research Center. He was also responsible for the bank’s long term IT roadmap and technology innovation pilots.
Before joining Sberbank he held the position of Director at the CIO Lab of IBM, where he led internal innovation projects in social computing, cyber security and business process management.
In previous positions, he was the Director of Provisioning and Configuration Technologies for IBM Tivoli, VP of Engineering at Think Dynamics — a cloud infrastructure management company which was acquired by IBM in 2003, CTO for beMANY — an eCommerce group buying company, and Technology Head for Bank of Montreal Capital Markets.