Poznań Open Finance (POF) is a prominent event in the Polish financial technology (FinTech) landscape, serving as a hub for innovation, collaboration, and knowledge sharing regarding open banking and finance. Held annually in Poznań, Poland, it attracts a diverse audience including financial institutions, startups, technology providers, regulators, and academics.
The core concept of POF revolves around the principles of Open Banking and Open Finance. Open Banking, enabled by regulations like PSD2 (Payment Services Directive 2) in Europe, mandates that banks provide secure access to customer account information to authorized third-party providers (TPPs) via APIs (Application Programming Interfaces). This allows TPPs to develop innovative financial products and services built on top of existing banking infrastructure. Open Finance expands this concept beyond banking to encompass other financial services like insurance, investments, and pensions, fostering even greater data sharing and interoperability.
The event typically features a series of keynote speeches, panel discussions, workshops, and networking opportunities. The topics covered range from the technical aspects of API implementation and data security to the business strategies and regulatory challenges associated with Open Banking and Open Finance. Speakers often include industry leaders, technology experts, and representatives from regulatory bodies, providing valuable insights into the current state and future direction of the industry.
A key focus of POF is showcasing the practical applications of Open Banking and Open Finance. Startups and established companies alike present their innovative solutions, demonstrating how API access to financial data can be leveraged to create new services such as personalized financial management tools, streamlined loan applications, and enhanced payment solutions. The event serves as a platform for these companies to gain visibility, attract investment, and forge partnerships with other players in the ecosystem.
Beyond the business aspect, Poznań Open Finance also plays a crucial role in fostering a deeper understanding of the regulatory and security considerations surrounding Open Banking and Open Finance. Discussions often center on topics such as data privacy, cybersecurity, and fraud prevention, ensuring that the development of the ecosystem is grounded in a responsible and secure framework. The involvement of regulatory bodies in the event helps to clarify compliance requirements and promote best practices.
In recent years, POF has broadened its scope to incorporate discussions on related topics such as decentralized finance (DeFi), blockchain technology, and artificial intelligence (AI) within the financial services industry. This reflects the evolving nature of the FinTech landscape and the increasing convergence of different technologies. By embracing these new trends, Poznań Open Finance continues to be a relevant and forward-looking event that helps to shape the future of finance in Poland and beyond.
Overall, Poznań Open Finance is a vital event for anyone interested in understanding and participating in the Open Banking and Open Finance revolution. It provides a platform for learning, networking, and collaboration, contributing to the growth and development of the FinTech ecosystem in Poland and the wider European region.
1080×1080 communicating open finance story blog nelson bostock from www.nelsonbostock.com 
860×671 open banking open finance from blog.scottlogic.com