
Zilvinas Bareisis is Head of Retail Banking at Celent. Primarily based in London, Bareisis makes a speciality of client and card-based funds, in addition to id and authentication. He’s particularly focused on funds innovation, and what he calls “the right storm” of aggressive, regulatory, and know-how developments which are shaping the current and way forward for client funds.
We sat down with him at FinovateEurope in London to debate his ideas on present fintech traits and what we should always count on within the “new regular” of banking in 2022.

On banking priorities for 2022
Embracing the open ecosystem is a very massive matter proper now – from open banking to embedded finance. How do you innovate round merchandise and the way do you differentiate your self? Banks are beginning to discuss their function, how they embrace totally different communities they could be serving, and the way they tailor their merchandise to these communities. Even issues like crypto (are vital). Twelve months in the past I didn’t suppose retail banks needs to be focused on crypto, and right here we’re speaking about that now.
On the function of enabling applied sciences in monetary companies
You actually need to have the suitable set of know-how instruments – and people instruments are diversifying. It’s simpler now to have composable constructing blocks that may be coming from totally different events, platforms like low code and no code that don’t require a lot IT functionality in order that enterprise customers can begin growing functions and, in fact, the cloud. A variety of our purchasers are wanting into find out how to migrate to the cloud and how briskly.
On the promise and potential of embedded finance
On the coronary heart of embedded finance is the concept that prospects are on the market, doing their very own issues and, as they do these issues, they notice that there may be a necessity for a monetary companies product, which is one thing they will purchase proper there after which. The concept itself just isn’t new; you and I’ve most likely purchased automotive insurance coverage on the identical time we purchased our automotive on the dealership. What’s altering is that there are good, massive, refined digital experiences, to start with, and it’s simpler now for monetary companies to plug into these experiences as a result of now the know-how is catching up.
Take a look at the remainder of our dialog with Zilvinas Bareisis from FinovateEurope 2022 on what’s subsequent within the “new regular” in fintech and monetary companies.
Photograph by Max Vakhtbovych