Digital Money: A new business model for Switzerland

Mon, Mar 24, 2014 2:00 PM - 3:00 PM GMT

Shift Thought is working with the UKTI (United Kingdom Trade & Investment) to present some country-level options for balancing risk and innovation, while creating sustainable consumer services for the future.

In this webinar, Charmaine Oak, the Digital Money Practice Lead at the UK-based management consultancy, Shift Thought, will discuss some of the recent innovations in payments and remittances services. She will provide insights from recent Shift Thought research on Switzerland, UK, Singapore and other markets around the world.

This will focus on opportunities for UK-based companies to prepare for requirements common to countries such as UK and Switzerland that are seeking to innovate for the future.

Shift Thought tracks innovations across a wide range of services they term as Digital Money. Shift Thought believes that balancing innovation within an overall framework of regulation is of paramount importance. This helps to create sustainable long term growth, both of individual organisations as well as for a country as a whole.

Mistakenly some people tend to confuse this with Bitcoin, which is only one form, of one of the many dimensions across which innovation is possible. Bitcoin is a decentralised crypto-currency that represents one kind of disruption. It is positioned as a potential way to do low cost transfers, but governments and central banks have expressed concerns regarding potential risks to consumers, as well as on fundamentals surrounding the operations.

This webinar touches on the much broader possibilities for innovation in payments and remittances. It aims to enhance the level of co-operation between UK Financial Service and Payments providers and the Swiss ecosystem.

It will do this by offering insights into the changes affecting the Swiss market and the ways in which countries such as Switzerland are approaching a range of innovative financial services.

The presenter will cover areas such as:

• Creating a sustainable context that balances innovation and risk, to create services that build reputation
• How could Switzerland use its unquestionable strengths to create such innovations that consumers really want?
• What opportunities might British businesses draw from the transformation in the financial services approach in Switzerland?

This webinar will be of interest to audience in the Swiss financial services sector as well as to UK businesses who wish to cater to the needs of the Swiss financial sector.

However, the innovation and risk balancing theme addressed is likely to be of broader interest to regulators and payment professionals across the world, and in particular in countries such as Switzerland that are also in the process of creating enabling environments for financial services of the future.

 

Further details and registration is available at Digital Money: a new business model for Switzerland.

 

Background reading: See our previous blogs, What is digital money? and   Bitcoin - Fan it or Ban it? , and also browse for more about the different virtual currencies and get an understanding of other such initiatives at Bicoin Search Results.