The FinTech Conference Liechtenstein 2016 was targeting market participants of the financial market as well as decision makers and interested individuals in the DACH-region. It has been the goal to foster the continuous knowledge exchange in terms of topics such as Innovation and Digitalization in the financial industry.
The conference’s topic was „Competition, Cooperation, Coopetition“ and aimed at further sensitizing the financial services in Liechtenstein and raise awareness for a cooperation with FinTechs. It took place in close cooperation with the Financial Market Authority (FMA) Liechtenstein and the government of the principality of Liechtenstein that took over the patronage of the event.
The afternoon at the first day of the conference focused on regulatory aspects related to new financial technology. Developments in the regulation on the level of the European Union and practical examples straight from the FMA’s regulation laboratory were presented. In addition, regulatory questions in regards to cooperations and outsourcing to the FinTech ecosystem and regulation for the blockchain technology were addressed.
The second day of the conference sought to answer the questions in which form startups and well-established market participants can interact and cooperate as well as how those companies can see digitalization as an opportunity for their business. Furthermore, the conference addressed current practical topics such as changes in the asset management due to robo-advisory or the impact of new technologies like Blockchain on existing financial processes.
3 selected startups had the chance to pitch their ideas and business models in a 5-minute Pitch Competition. The winner “MyLucy” received a multi-day coaching and consulting, which has been provided gracefully by Inventx AG. My Lucy is an Insuretech, that allows to manage insurances, directly buy insurances and report damages via their web and mobile app.
With around 250 participants in total for both days, the conference was greatly appreciated. The participants valued the mixture of topics and therefore different opinions and directions as well as the networking possibilities. The high practical orientation was also highly appreciated.