Meet the Experts: Who will plug the service gap as large banks de-risk?

Moderator: David Birch, Author, Advisor, and Commentator at 15Mb Ltd and Consult Hyperion

Speakers:

  • Jon Levine, Co-Head of Institutional Banking, Banking Circle
  • Colin Digby, Head of Strategic Client Coverage Group, Crown Agents Bank
  • Martin Fiddaman, Founder and Managing Director, Martin Fiddaman Associates Ltd

As risk-averse big banks de-risk from certain markets and geographies, their strategies are causing a ripple effect in the industry. For them, it is often quicker and simpler to distance themselves from an entire group, sector or region than to assess each one individually, or assume the risk of fines and negative media. Smaller banks face significant challenges as a result which could have wider societal and economic implications across the globe – including the loss of corporate and retail customers, lower remittance volumes and falling profits.

In this session, our speakers will discuss:

  • How are smaller banks coping with a decreasing network of correspondent banks, and increasing costs from their remaining banking partners?
  • What are the strategies for addressing the service gap left behind?
  • Can new players fill the vacuum left by big banks?
  • What’s next for the industry?

 

Watch on demand

 

David Birch, 15Mb Ltd and Consult Hyperion

David G.W Birch is an author, advisor and commentator on digital financial services. Principal at 15Mb, his advisory company, he is Global Ambassador for the secure electronic transactions consultancy, Consult Hyperion, Fintech Ambassador for Digital Jersey and Non-Executive Chair at Digiseq Ltd.

He is an internationally recognised thought leader in digital identity and digital money. Ranked one of the top 100 fintech influencers for 2021, previously named one of the global top 15 favourite sources of business information by Wired magazine and one of the top ten most influential voices in banking by Financial Brand, he created one of the top 25 “must read” financial IT blogs and was found by PR Daily to be one of the top ten Twitter accounts followed by innovators (along with Bill Gates and Richard Branson).

 

Jon Levine, Co-Head of Institutional Banking at Banking Circle

Jon recently joined Banking Circle as Co-Head of Institutional Banking. He is based at Banking Circle’s London branch.

Prior to joining Banking Circle, Jon spent 11 years at Standard Chartered where he worked at the bank’s London, Dubai and Singapore offices. His most recent Standard Chartered role was as Managing Director responsible for UK Banks, Broker-Dealers & Fintech coverage. Earlier roles at Standard Chartered included Public Sector & Development Organisations coverage across EMEA and Debt Capital Markets roles.

Jon started his career at Goldman Sachs where he worked on DCM, ECM and M&A assignments in the US and Asia.

 

Colin Digby, Head of Strategic Client Coverage Group at Crown Agents Bank

Colin Digby is Head of Strategic Client Coverage for Crown Agents Bank, a pioneer in Emerging & Frontier Markets Foreign Exchange and Payments.

Prior to joining Crown in 2019, Colin held a number of senior roles in foreign exchange and payments across several tier 1 banks, including Citibank, Deutsche Bank, Barclays and JPMorgan, where he was global head of transaction FX.

 

Martin Fiddaman, Founder and Managing Director at Martin Fiddaman Associates Ltd

Martin Fiddaman is the Founder and Managing Director of Martin Fiddaman Associates Limited, a new specialist management consultancy for Financial Institutions created to champion the smaller and underserved firms in the UK marketplace, such as many of the overseas Banks in London, UK Challengers and FinTechs.

Martin is a highly driven and results focused senior banker with over 30 years of experience in commercial, investment and transaction banking working with local, regional, and international financial institutions of all sectors and sizes.

Prior to launching Martin Fiddaman Associates Limited, he was a senior executive at NatWest/RBS for 10 years, responsible for managing a large Financial Institutions coverage team encompassing banks, non-bank FIs, professional clients and central government across all products.