10 Key Factors to consider When Launching a Digital Bank

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The rapid advance of technology and seemingly endless access to venture capital has made the process of launching a fintech easier than ever.

Little wonder then that billions of dollars have been invested in fintech. However, are fintechs the same as banks?

Many startups operate, using Mark Zuckerberg's prime directive to his developers, under a motto of "move fast and break things". Banks, as regulated entities, try not to break things, as customers tend to get upset when their finances are broken.

Is there a way to blend the two? Is it possible to successfully blend the dynamism of the startup world with the security and stability of banking? Are digital banks the answer? Many have tried, some have been successful. And what about the established banks? Can they import some of that fintech magic and use it to renew their operations? Can they do it without suffocating the innovation?

The answer should be yes, but the challenge is how to get it right.

Join this Fireside Chat as we review the most important factors to consider in launching a digital bank.

Key discussin take-aways

Great insights for new digital banks and banks launching a digital spinoff
Balancing the stability of banking and digital innovation
Hear from industry experts and leading Fintech's
Exclusive access to a new report on the Top 10 mistakes

Fireside Panelists

Mohammed W. Khayata, Founder and CEO | AL MARYAH COMMUNITY BANK

Founder and CEO of Al Maryah Community Bank, the first independent digital bank in the UAE.

Before starting his journey with Al Maryah Community Bank, Mr. Khayata spent 18 months in Berlin working on transforming classical financial services into blockchain based disruptive solutions. His project involved global technology experts and business leaders who collaborated on developing the concept of community banks on basis of the latest crypto based concepts.

During his 29 years in senior positions with leading banks and innovative financial institutions in the UAE such as National Bank of Abu Dhabi, First Gulf Bank, Abu Dhabi Islamic Bank, Finance House and CAPM investment, he has delivered exceptional retail banking products like the first Credit Card in the UAE back in1994, and developed progressive and out of the box corporate banking solutions for diverse segments.

Mr. Khayata has very significant presence in the capital and equity markets. He has lead formation of multiple greenfield entities in financial sector and has managed multiple corporate transformations.

Mr. Khayata holds Master’s degree in Banking and Finance from the University of Hull (UK), and is an Alumna of Harvard Business School in Leadership Management.

Tim Tyler, Head of Strategic Advisory & Chief Evangelist, Universal Banking | FINASTRA

From studying economics and computer science, perhaps Tim's future was mapped out from an early age. With wide experience across Consumer, Commercial and Corporate Banking around the world, and having progressed from developer, through business analysis, product management and solutions consulting, Tim is uniquely placed to translate tech trends into business reality.

With a renewed focus on consumer banking - hyper-global to hyper-local, challenger to neo, established, emerging, embedded - Tim looks to bring innovation to the traditional, rethinking the ordinary to deliver extraordinary customer experiences.

Tim is also active as a public speaker, building on his experience of communicating across all levels within banks and other organisations. He co-founded the Fintech Fika live podcast, and is a keen promoter of fintech and beyond - evangelising, eulogising and strategising across technologies.

Tim is the named inventor of US Patent US9875478B1, which covers the utilisation of geolocation within financial transaction approval processes.

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