Every year, our college organises the Heller Farkas Professional Week, which over the years has become one of the most prestigeous events of the Corvinus University of Budapest that is organised by students (but naturally open to the public).
In the autumn of 2016, our College organised again the Heller Farkas Professional Week, where this time, we examine financial and stock market innovations, and the importance of the fintech movement, under the keyword, future of finances. We asked Richárd Végh, CEO of the Budapest Stock Market, to hold the opening lecture of the event, who has accepted our invitation.
In the past years, there were revolutionary changes in various industry branches because of the low entry- and enterprise costs caused by the digital revolution. The best examples for this are probably the effect of Airbnb on the hotel industry, and the fight of Uber against taxi companies. The time has come now for the renewal of financial systems. The goal of financial technology (short: fintech) is the redefinition, and maybe shaking of traditional and institutionalised financial solutions. The mentioned movement spreads mainly in the form of startups. These companies mainly develop softwares and technologies that make the recommendation of effective, lowcost, and in many cases personalised services available for customers. Because these companies focus mainly on niche markets, they are way less regulated, and in some instances, lawmakers have not even prepared for the regulation of the new services.
But how does the movement effect actors of the traditional banking sector? The mainly inherited, many times outdated systems of banks can’t keep up with the new players coming from the technological sector. The problem is, that finance experts are – in the most cases – not technological experts. So, how can banks compete with fintech companies? Does it make sense to compete instead of cooperating? And, what is the situation of Hungary in this regard? In short, what will happen with the future of finances in the near future?
We are looking for an answer for these and many other questions in our autumn conference.
The program of the professional week:
Day 0 (07.11.2016.):
17:20-18:50 – E II auditorium:
Opening ceremony of the conference
Richárd Végh – (CEO of the Budapest Stock Market): Stock market developement for the upholding and strenghtening of national capital
Day 1 (08.11.2016.)
What is FinTech?
13:15 – E III. auditorium: The award ceremony of the Heller Farkas freshman’s competition
13:40-15:10 – E III. auditorium:
Tamás Bummer (Digital Asset Holdings – Chief Ledger Architect): BLOCKCHAIN – The underlying technical possibilities of bitcoin – Distributed Ledgers – The conveyor belt for finance
15:30-16:15 – E III. auditorium:
Márton Suppan (director of Peak Financial Services): The beginning of a new era – The age of digital banking
16:20-17:00 – E III. auditorium:
János Kóka (Cellum Global Zrt. president-CEO): One Mobile – Let’s pay with smartphone!
17:20-18:50 – E III. auditorium:
Fintech round table discussion – Vinnai Balázs (BNL Growth founder), Boros Áron (MKB Consulting), Szabó Márton (Koin Kft., CEO), Kóka János (Cellum Global Zrt. president-CEO), moderator: Lemák Gábor (Fintech Group)
Day 2 (09.11.2016.):
Banks and ruling in the world of FinTech
13:30 – E III. auditorium: The awarding ceremony of our prize competition
13:40-15:10 – E III. auditorium:
Márk Hetényi (MKB Bank vice CEO): Banks and FinTech
15:20-15:30 – E III. auditorium:
Awarding of the prize competition
15:30-17:00 – E III. auditorium:
Lajos Bartha (MNB – Financial Infrastructures Management) – Regulation of Fintech
17:20-18:50 – E III. auditorium:
Éva Hegedüs (Gránit Bank president – CEO): Gránit – The digital bank
Day 3 (10.11.2016.):
IT and the finances
13:40-15:10 – E 3005. auditorium:
Lajos Antal (Deloitte Cybersecurity Counselling branch leader) – IT security at financial institutions: how do the banks protect their money?
15:30-16:15 – E 3005. auditorium:
Márton Hegedüs (Ramasoft Kft. CEO) – Robots in financial markets – Will we be needed at all?
16:20-17:00 – E 3005. auditorium:
Ferenc Fazekas (Invest and Trade Kft.) – High Frequency Trading – Race at the stock market
17:20-18:50 – E 3005. auditorium:
István Nagy-Rácz (Dmlab Kft. management partner, data analysis expert) – The future of data mining