Financial technologies without secrets

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The last club meeting of this year was held on October 25 at Hotel Bristol in Warsaw. The debate entitled “Finance 3.0. Challenges of the fintech era” was focused on the changes taking place in the financial industry and on the banking market as a result of the development of financial technologies.

 The opening speech was given by prof. Michał Kleiber, who greeted the guests and outlined the framework for discussion. He concluded his speech with an intriguing question: “Is it possible for cash to soon become the kerosene lamp”? In other words, a relic of the past in the face of the progressive, multidimensional development of the financial system.

The debate began with Dominik Łabiński, Business Development Manager BPO/BPS at Xerox Polska, emphasizing the importance of the development of biometric signatures and data storage security. He also said that the future is inevitably paperless and referred to a quote from Thomas Eliot: “Only those who will risk going too far can possibly find out how far one can go.”

Then the moderator of the discussion panel, Robert Łaniewski, CEO of the Foundation for the Development of Cashless Transactions, invited the following panelists to the stage: Maciej Bardan – 1st Vice President of the Management Board, Raiffeisen Polbank; Marek Bosak – Head of Communications, VIVUS Finance; Paweł Bułgaryn – Payment Systems and Services Unit Coordinator at the Financial Market Development Department, Ministry of Finance; Michał Góra – President of the Management Board, Alfavox; Adrian Kurowski – Country Manager Poland at Visa Europe; and Jacek Szczepański – Vice-President of the Management Board for Operations; Atende S.A. The discussion focused on the opportunities, threats, and trends of the future resulting from the development of innovative financial technologies. The speakers stressed the necessity of having the freedom to act on the market while maintaining appropriate regulations. They also praised the progress in the relationship between the market, the Ministry, and the Polish Financial Supervision Authority and suggested that card payments should be completely replaced with e.g. mobile payments. The speakers also pointed out that the growing availability of technologies facilitating cashless payments increases competition between bankers and non-bank payment service providers. Such a situation is beneficial also for consumers, as they receive increasingly better solutions.


Organizer: Executive Club

Main Partner: Canon Polska

Partners: Alfavox, Atende, Cigno Consulting, Pocztylion-Arka Powszechne Towarzystwo Emerytalne, Raiffeisen Polbank, VIVUS Finance, Xerox Polska

Honorary Patronage: Fundacja Rozwoju Obrotu Bezgotówkowego, Polskie Stowarzyszenie Bitcoin

Media Patrons:,, Fakty Magazyn Gospodarczy,, Business&Prestige,,, Law Business Quality, Polish Market,,


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