Our cover story charts the rise of RAKBANK in the UAE driven by agile practices and a people-first culture delivering…

Our cover story charts the rise of RAKBANK in the UAE driven by agile practices and a people-first culture delivering banking with a human touch.

Read the latest issue of FinTech Strategy here

RAKBANK: A Banking Transformation in the UAE

Our cover story explores the digital transformation journey of RAKBANK in the UAE. Head of Digital Transformation, Antony Burrows, reveals the agile practices, enterprise-wide enablement and people-first culture delivering digital banking with a human touch.

“Culture is the cornerstone,” Antony stresses. RAKBANK codifies this into its Four Cs Framework – Connect, Communicate, Collaborate and Celebrate. “Here in the UAE, banks are pivoting from a model of ‘we know everything’ to recognising that one of the best ways to deliver continuous change and value to customers is through partnerships with startups and FinTechs. It’s no longer banks versus startups – it’s banks and startups, working together for the customer. This shift is especially meaningful as banks expand beyond traditional services to focus on customers’ broader financial lives.”

MTN MoMo: Empowering Africa Through FinTech

Hermann Tischendorf, Chief Information & Technology Officer at MTN MoMo (the telco’s mobile money division) reveals a bold roadmap for leveraging FinTech to drive financial inclusion across the African continent.

“MoMo is comparable in monthly active users to some of the top ten FinTechs globally. We’re playing in the same league as Revolut or Nubank – but in much more complex markets,” notes Hermann. “Access to financial services is fundamental. Without it, people are excluded from the global economy. Our services are the equaliser allowing individuals in frontier markets to participate in trade, store value, and ultimately improve their quality of life.”

Republic Bank: Building a Digital Bank

Republic Bank has been serving customers via its branches for over 185 years and now serves 16 different countries across the Caribbean and beyond. It’s “a regional bank with a growing global reach,” explains Group Chief Information & Digital Transformation Officer, Houston Ross.

His team is building a digital bank during a Year of Delivery and Accountability (YODA). “When we talk about digitalisation it’s a journey that never ends. And product is the vehicle to make sure we’re continuously improving.This is our digital pathway and we have to change minds in terms of going beyond the challenges to achieve what’s possible with the right frameworks, tools and processes for our people to serve our customers.”

Also in this issue, we keep you up to date with the key FinTech events across the calendar and read on for insights from Lloyds Banking Group, Recorded Future, AAZZUR, Ayre Group, Marqeta, SCOR and TerraPay.

Read the latest issue of FinTech Strategy here

  • Artificial Intelligence in FinTech
  • Blockchain & Crypto
  • Cybersecurity in FinTech
  • Digital Payments
  • Embedded Finance
  • InsurTech
  • Neobanking

The final day at Money20/20 Europe 2025 was packed with more insights on the future of FinTech, from banks to borderless innovation.

Money20/20 Conference Themes & Tracks

Money20/20 Europe 2025 is structured around four thematic content tracks:

  • Digital DNA – Exploring core infrastructure, platform strategies, and foundational technologies.
  • Embedded Intelligence – AI, machine learning, data strategies, and real-time analytics.
  • Beyond Fintech – Partnerships between fintechs and other sectors like retail, health, and climate.
  • Governance 2.0 – Regulation, digital identity, privacy, and ESG compliance.

Day three featured more impactful sessions across all four pillars, offering attendees more valuable insights and strategies for innovation.

Highlights from Key Sessions at Money20/20 Europe:

How to Create and Leverage FinBank Partnerships

The discussion focused on the evolution and success of FinTech partnerships with banks. Key points included the shift from transactional partnerships to more collaborative, value-driven relationships, emphasizing joint KPIs and product creation. 

Alex Johnson, Chief Payments Officer, Nium

“You really have to differentiate. You really have to stand out for a bank to say, ‘Yeah, I like what you offer enough to go through, six months of onboarding.’ Dare I say, maybe more.”

John Power, SVP, Head of JVs & AQaaS, Fiserv

“The legacy system, it’s a fact of life. They’re there. They’re pervasive. They’re going to be here for a long time, and banks historically have made huge investments in those platforms and systems. So I think both the challenge for the for the bank and the opportunity for the FinTech is, how do you at the front end of those legacy systems develop new products that can scale and that you can bring cross border easily and readily.”

Cecilia Tamez, Chief Strategy Officer, Dandelion Payments

 “It really is cutting the line to be able to deliver opportunity for customers and to be able to expand propositions for new customers.”

“The economic development supply chains shifting to low to middle income countries are incredibly important right now, and cross border payment rails have not been good in low middle income countries.”

Where Fintech goes Next: Tapping into Platforms and Verticals 

The discussion centred on the democratisation of financial services through embedded finance. The panel emphasised the importance of data quality, personalisation, and strategic partnerships in delivering seamless financial experiences – ultimately enhancing customer satisfaction and improving business efficiency.

Hiba Chamas, Growth Strategy Consultant – Independent

“Embedded finance is going to be defined by region and use cases.”

Amy Loh, Chief Marketing Officer – Pipe

“Small businesses don’t want to manage their business through a bunch of different tools that are stitched together. They’re looking to platforms to do everything for them and keep high end services.”

Zack Powers, VP Commercial & Operations – Mangopay

“Most platforms or merchants out there trying to diversify revenue, and they will get auxiliary revenue, or maybe get primary revenue through FinTech activity.”

The Neobanks Strike Back

​​In a dynamic exploration of neobanking’s evolution, Ali Niknam revealed bunq’s remarkable journey from a tech-driven startup to a sustainably profitable digital bank. By leveraging AI across every aspect of their operations, bunq has transformed traditional banking, reducing support times to mere seconds and creating a hyper-personalised user experience. Niknam emphasised the power of user-centricity, showing how innovative features like simple stock trading and multi-language support can democratise financial services.

The bank’s strategic approach – focusing on user needs rather than investor expectations – has enabled them to expand thoughtfully, with plans to enter the UK and US markets. By embracing technological change and maintaining a relentless commitment to solving real customer problems, bunq exemplifies the next generation of banking.

Ali Niknam, Founder & CEO, bunq


“Somewhere in the 70s, we let go of the gold standard, and now currencies are basically floating. The only reason why a dollar or a euro is worth what it’s worth is because of trust and perception. Philosophically, it’s very logical that we have found another abstraction layer by introducing stablecoin, which is not much else than a byte number that has a denomination currency as a backing asset that itself doesn’t have anything as a backing asset. A lot of people might ask, ‘Why would you need a stablecoin? We have euros. I go get a coffee, pay with Apple Pay or cash.’ But there are many countries on this planet where the local currency is not stable. If your country has an inflation rate of 30,000% like Zimbabwe, you would really love to use a different currency. The US dollar has been the currency of choice, but as a normal person, you cannot access the US dollar. A US dollar stablecoin that you can access by simply having a mobile phone – that’s going to be transformational for large groups of people.”

Innovating When Regulation Can’t Keep Up: Lessons from NASA 

Lisa Valencia covered an array of topics, from her 35 year career at NASA and Guinness World Record to the rise of private entities like SpaceX, which has launched 180 missions this year, and the increasing role of public-private partnerships in space exploration. The speaker also touched on international collaborations, particularly with the European Space Agency and the Italian Space Agency, and the potential for space tourism and colonization of the moon.

Lisa Valencia, Programme Manager/Electrical Engineer – Pioneering Space, LC (ex NASA)

“Back in the day, NASA got 4% of the national budget. Now it’s down to just 0.1%, so we’ve had to get creative with private partnerships. SpaceX is the perfect success story. They came to us in 2007 needing money after some rocket mishaps, and look at them now! From my balcony, I see their launches every other day. They’re planning 180 launches this year alone.Talk about a return on investment!” 

“We’re planning to colonise the South Pole on the moon. The idea is to extract water and hydrogen from the regolith—both for living there and for fuel.”

Scaling Internationally in 2025: Funding, Innovating, and Breaking into New Markets

The conversation focused on the growth and strategy of fintech companies, particularly those with a strong presence in Europe and the US. The panel featured Ingo Uytdehaage, CEO and co-founder of Adyen, and Alexandre Prot, CEO of Qonto. Both leaders expressed a preference for organic growth over acquisitions, emphasizing the importance of scaling efficiently before pursuing an IPO.

Ingo Uytdehaage, CEO and co-founder of Adyen

“I think an important part of scaling a company is not just thinking about your product, but also considering the markets you want to address, and how you ensure you become local in each country.”

“We realised over time that if we really want to bring the customers, we need to have the best licenses to operate. A banking license gives you a lot of flexibility.” 

“Being independent from other companies, other financial institutions, that gives you flexibility to build what your customers really want.”

“I think it’s very important, also in Europe, that we continue to be competitive. If you think about regulations and AI, we shouldn’t try to do things completely differently compared to the US.”

Alexandre Prot, CEO of Qonto

“We need to be very strict about tech integration and avoiding legacy which slows us down.”

“We still need to scale a lot before we have a successful IPO. A few team members are working on it and getting the company ready for it. But, the most important thing is just scaling efficiently in the business, and maybe an IPO would be welcome in a couple of years.”

Putting The F in Fintech

The panel discussion focused on the role of women in FinTech based on personal experiences.

Iana Dimitrova, CEO, OpenPayd

“At times, being underestimated is helpful, because if you’re seen as the competition, driving an agenda is becoming more difficult. So what I found, actually, over a period, is that bringing your emotional intelligence, leaving the ego outside of the outside of the room, and just focusing on execution is is incredibly helpful.” 

Megan Cooper, CEO & Founder, Caywood

“The moment we start defining ourselves as like a female leader or a female entrepreneur, you almost kind of put yourself in a bit of a box. And so I think just seeing yourself on an equal playing field and then operating it on an equal playing field and interacting in that way is quite advantageous.”

“We can’t just want diversity and hope it happens. We actually have to be intentional about creating it.”

Valerie Kontor, Founder, Black in Fintech

“Black women make up 1.6% over the FinTech workforce, but when we look at the financial reality of black women by the age of 60, only 53% of black women have enough money in their bank account to retire. We need to start marrying people in FinTech and the people that we need to serve.”

Money20/20 Europe 2025 closed its doors but the next edition of the conference will return to Amsterdam from June 2–4, 2026, promising to continue the tradition of shaping the future of financial services…

  • Artificial Intelligence in FinTech
  • Blockchain & Crypto
  • Cybersecurity in FinTech
  • Digital Payments
  • Embedded Finance
  • Host Perspectives
  • InsurTech
  • Neobanking

Day two of Money20/20 Europe 2025 at RAI Amsterdam continued the momentum with a focus on digital assets, stablecoins, and…

Day two of Money20/20 Europe 2025 at RAI Amsterdam continued the momentum with a focus on digital assets, stablecoins, and the evolving regulatory landscape. The event attracts over 8,000 attendees, including FinTech leaders, investors, and policymakers, all eager to explore the future of finance.

Money20/20 Conference Themes & Tracks

Money20/20 Europe 2025 is structured around four thematic content tracks:

  • Digital DNA – Exploring core infrastructure, platform strategies, and foundational technologies.
  • Embedded Intelligence – AI, machine learning, data strategies, and real-time analytics.
  • Beyond Fintech – Partnerships between fintechs and other sectors like retail, health, and climate.
  • Governance 2.0 – Regulation, digital identity, privacy, and ESG compliance.

Day two featured more impactful sessions across all four pillars, offering attendees further valuable insights and strategies for innovation.

Highlights from Key Sessions at Money20/20 Europe:

Digital Wallets and Co-opetition

A standout session featured industry leaders from Fluency, Curve, PayPal, and BLIK discussing the competitive yet collaborative nature of Europe’s digital wallet ecosystem. The panel delved into how traditional financial institutions and FinTech startups are navigating partnerships and competition to enhance user experiences and expand market reach.

Africa’s Fintech Innovation

Another significant discussion spotlighted Africa’s role in global fintech innovation. Representatives from 500 Global, Tech Safari, and Moniepoint highlighted how African startups are leveraging technology to drive financial inclusion and create scalable solutions that could influence global markets.

Digital Assets

A standout session featured Waqar Chaudry, Head of Digital Assets for Financing & Securities Services at Standard Chartered. In a fireside chat titled “The Digital Assets Opportunity: How Banks Can Win at Web3,” Chaudry, alongside Sygnum Bank’s Aliya Das Gupta, delved into the evolving landscape of digital assets.

Chaudry highlighted Standard Chartered’s initiatives in digital asset custody, tokenisation, and the launch of tokenised money market funds. Furthermore, he discussed the development of stablecoin solutions aimed at improving liquidity and settlement times. Chaudry underscored the importance of banks adopting robust digital asset strategies to meet growing client demands and navigate the complex regulatory environment. Drawing from his regulatory background at the Abu Dhabi Global Market, Chaudry provided a unique perspective on balancing innovation with compliance.

WealthTech Evolution

Leaders from Raisin, Upvest, and PensionBee explored the transformation of wealth management through AI and APIs. The panel emphasised the importance of personalised financial services and the integration of technology to meet the evolving needs of consumers.

Central Bank Digital Currencies (CBDCs)

A fireside chat with officials from the European Central Bank and the Bank of England provided insights into the development of the digital euro and pound. The discussion covered technical challenges, regulatory considerations, and the potential impact of CBDCs on the financial ecosystem.

Navigating the Evolving Cyber Threat Landscape

The financial services sector faces an unprecedented convergence of threats with sophisticated cyber attacks and the rise of new technologies… Recorded Future CEO Christopher Ahlberg assessed the evolving threat landscape and strategies for building secure digital ecosytems. He was joined by In Security CEO Jane Frankland and Mastercard EVP Johan Gerber

Networking, Partnerships, and Brand Activations at Money20/20

Notable Announcements:

  • Money20/20 and FXC Intelligence Report: A collaborative report titled “How Will Europe’s Money Move in the Future?” was released, offering insights into the future of European cross-border payments and the impact of emerging technologies.
  • Policy Exchange Roundtables: Money20/20 introduced focused roundtable discussions involving central banks, regulators, and industry leaders to address critical regulatory challenges in the digital financial landscape

Day two of Money20/20 Europe 2025 underscored the dynamic interplay between traditional financial institutions and emerging FinTech innovations. Discussions on digital assets, stablecoins, and regulatory frameworks highlighted the industry’s commitment to embracing change while ensuring stability and compliance. The second day underscored the event’s role as a catalyst for innovation, collaboration, and growth within the fintech industry. As the conference progresses, stakeholders remain focused on shaping a resilient and inclusive financial future.

  • Artificial Intelligence in FinTech
  • Digital Payments
  • Embedded Finance
  • Host Perspectives
  • Neobanking

Money20/20 Europe 2025 opened its doors to a full-capacity audience at the RAI Convention Centre in Amsterdam. Bringing together the…

Money20/20 Europe 2025 opened its doors to a full-capacity audience at the RAI Convention Centre in Amsterdam. Bringing together the world’s leading innovators, institutions, investors, and influencers from across the fintech and financial services spectrum. With more than 8,000 delegates from over 2,300 companies in attendance, the opening day set a high-energy, insight-rich tone for the rest of the week.

“Money Morning Live”

The day kicked off with “Money Morning Live”. A signature fast-paced keynote session hosted by Tracey Davies (President of Money20/20), Scarlett Sieber, and Zachary Anderson Pettet. The morning show served as a pulse check for the industry. Combining thought leadership with entertainment to engage both newcomers and veterans.

Rahul Patil, CTO of Stripe, delivered a keynote on AI’s role in payments infrastructure. Highlighting how machine learning is now essential for fraud detection, customer service, and onboarding. He emphasised AI should not merely be viewed as an efficiency tool, but as a strategic pillar to create personalised user experiences. And deliver scalable innovation across markets.

David Sandstrom, CMO at Klarna, reflected on the Swedish FinTech giant’s evolution, particularly its use of generative AI for customer engagement and internal operations. Sandstrom noted Klarna’s AI assistant, which now handles two-thirds of its customer queries globally, has dramatically improved both customer satisfaction and cost efficiency.

Money20/20 Conference Themes & Tracks

Money20/20 Europe 2025 is structured around four thematic content tracks:

  • Digital DNA – Exploring core infrastructure, platform strategies, and foundational technologies.
  • Embedded Intelligence – AI, machine learning, data strategies, and real-time analytics.
  • Beyond Fintech – Partnerships between fintechs and other sectors like retail, health, and climate.
  • Governance 2.0 – Regulation, digital identity, privacy, and ESG compliance.

Day one featured impactful sessions across all four pillars, offering attendees valuable insights and strategic foresight.

Highlights from Key Sessions at Money20/20 Europe:

Open Banking & Payment Rails

“Putting the Bank Back in Open Banking Payments”, saw speakers from Token.io, Santander, and BNP Paribas examine how banks are reclaiming relevance in the open banking conversation. While FinTechs initially led the charge, the panel noted banks now play a crucial role in building trusted, interoperability, and high-volume “pay by bank” solutions. The debate touched on customer adoption hurdles, PSD3’s role in shaping future APIs, and the monetisation challenges still plaguing the open banking model.

Card Issuance at Scale

In a fireside chat led by Thredd’s President Jim McCarthy, representatives from Railsr, Worldpay, Flagship Advisory, and Caxton discussed the complexities of issuing card programs globally. The group addressed fragmentation across regulatory environments. Especially in regions like LATAM and Asia-Pacific. They urged the need for programmatic flexibility, local compliance, and better BIN management. The panel agreed that the future of card issuing lies in seamless orchestration between platforms, banks, and third-party fintechs.

Agentic AI: Ready for Prime Time?

A standout session focused on the concept of Agentic AI — autonomous agents capable of completing financial tasks without manual prompts. Industry leaders from NVIDIA, bunq, and Visa debated how ready the financial services sector truly is for deploying such systems. While the technology is progressing rapidly, concerns around regulatory clarity, model interpretability, and risk frameworks remain.

NVIDIA’s Head of Financia Technology, Jochen Papenbrock, stressed the need to democratise access to compute infrastructure. And bunq’s AI evangelist, Ali El Hassouni, showcased how the challenger bank is testing semi-autonomous agents in customer support workflows. Meanwhile, Visa SVP for Products & Solutions, Mathieu Altwegg, emphasised the importance of embedding guardrails in agentic systems to ensure ethical AI practices. Especially in credit scoring and wealth advisory roles.

Scaling AI Across the Enterprise

A collaborative session featuring leaders from Stripe, Starling Bank, AWS, and Swift delved into the challenges of scaling AI initiatives beyond prototypes. The discussion spotlighted the importance of clean, real-time data pipelines, strong governance structures, and cross-functional collaboration between engineering, data science, and compliance teams.

Networking, Partnerships, and Brand Activations at Money20/20

Notable announcements:

Beyond the conference rooms, the exhibition floors buzzed with product demos, startup pitches, and impromptu huddles among VC firms, banks, and emerging FinTechs. Exhibitors such as Plaid, Adyen, Marqeta, and Fireblocks showcased new tools for embedded finance, real-time treasury management, and blockchain settlement.

  • Wise teased a new enterprise FX tool tailored for SMEs.
  • Checkout.com introduced an AI-enhanced fraud prevention dashboard.
  • Avalanche Foundation launched an initiative to bring blockchain-based micro-insurance products to underserved markets in Eastern Europe.

Stablecoin News: Institutional Interest Accelerates

A particularly significant development emerged around stablecoins, with clear signals that regulated, bank-issued digital currencies are entering a new phase of maturity:

  • U.S. Megabanks Signal Joint Stablecoin Initiative
    Executives from JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup confirmed that initial groundwork has begun on a joint U.S. dollar-denominated stablecoin, subject to the passage of the pending GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins).
    The stablecoin aims to offer faster, cheaper cross-border settlement and programmable liquidity for enterprise clients. Bank leaders emphasized that this would complement, not replace, traditional banking rails.
  • Ripple Expands in the UAE
    In a regional announcement, Zand Bank and fintech firm Mamo revealed a partnership with Ripple, using its blockchain infrastructure to enable real-time, low-cost cross-border remittances. This move, anchored in the UAE’s pro-digital asset stance, aligns with broader ambitions to make the country a hub for regulated digital currencies.
  • Institutional Stablecoin Custody
    Panels featuring speakers from Fireblocks, Anchorage Digital, and Circle addressed the evolving role of stablecoins in treasury operations and FX management. There was widespread agreement that tokenised cash equivalents, including USDC and EURC, are increasingly being used for short-term settlement and yield farming, particularly in Asia and Europe.

These discussions signalled a broader institutional acceptance of stablecoins, with an emphasis on compliance, transparency, and integration into traditional finance rather than bypassing it.


Day one of Money20/20 Europe 2025 delivered on its promise of convening the brightest minds to create the future of finance. From headline-grabbing keynotes and deep-dive panels to global product launches and off-stage networking, the conference created a rich mix of thought leadership, practical innovation, and human connection.

Whether it was the evolution of AI in banking, the future of programmable money, or the balance between innovation and regulation, the discussions revealed a clear consensus: collaboration will define the next chapter of FinTech. Day two at Money20/20 promises even more, with upcoming sessions on decentralised finance, digital identity, and CBDCs.

  • Artificial Intelligence in FinTech
  • Digital Payments
  • Embedded Finance
  • Host Perspectives
  • Neobanking

Our cover story spotlights the US Department of Homeland Security and the people power driving its evolution with technology.

Our cover story explores a technological integration journey at the US Department of Homeland Security

Welcome to the latest issue of Interface magazine!

Read the latest issue here!

US Department of Homeland Security: Integrating with the Intelligence Community

Zeke Maldonado, CIO at the US Department of Homeland Security (DHS) is tasked with integrating the Department with the intelligence community. During times of change, governments need innovative, strategic leadership more than ever. And that’s where inspirational figure like Maldonado come into play.

“I remain committed to the DHS mission and want to take it to the next level. Many of the services we provide require substantial improvements, and I am eager to see how our modernisation efforts can help achieve the desired objectives. We play a crucial role in automating and enhancing the vetting process for non-US citizens, making it significantly more efficient.”

Cotality: The AI-powered Property Platform

Cotality, the AI-powered property and location intelligence platform, is making the real estate industry more efficient, smarter, and more resilient against climate change by leveraging the Google Cloud Platform.

Chief Data and Analytics Officer, John Rogers, explains how… “Buying a home is the biggest purchase in most people’s lives, so we’re passionate about making sure the system works for them.”

Nemko Digital: Pioneering Trustworthy AI

Nemko boasts more than 90 years of building trust in physical products, Today, Nemko’s digital division is leading the way in defining that trust in an increasingly complex and connected world with its pioneering approach to trustworthy AI reveals Managing Director, Dr Shahram Maralani.

“We want to be one of the top five players in this space. Our goal is to make the world a safer place.”

Read the latest issue here!

Our cover star, EY’s Global Chief Data Officer Marco Vernocchi, tells Interface why data is a “team sport” and reveals…

Our cover star, EY’s Global Chief Data Officer Marco Vernocchi, tells Interface why data is a “team sport” and reveals the transformation journey towards realising its potential for one of the world’s largest professional services organisations.

Welcome to the latest issue of Interface magazine!

Read the latest issue here!

EY: A data-driven company

Global Chief Data Officer, Marco Vernocchi, reflects on the data transformation journey at one of the world’s largest professional services networks.

“Data is pervasive, it’s everywhere and nowhere at the same time. It’s not a physical asset, but it’s a part of every business activity every day. I joined EY in 2019 as the first Global Chief Data Officer. Our vision was to recognise data as a strategic competitive asset for the organisation. Through the efforts of leadership and the Data Office team, we’ve elevated data from a commodity utility to an asset. Our formal data strategy defined with clarity the purpose, scope, goals and timeline of how we manage data across EY.  Bringing data to the centre of what we do has created a competitive asset that is transforming the way we work.”

PivotalEdge Capital

Sid Ghatak, Founder & CEO of asset management firm PivotalEdge Capital, spoked to us about the pioneering use of “data-centric AI” for trading models capable of solving the problems of trust and cost.

“I’ve always advocated data-driven decision-making throughout my career,” says Ghatak. “I knew when I started an asset management firm that it needed to be data-centric AI from the very beginning. A few early missteps in my career taught me the importance of having a stable and reliable flow of data in production systems and that became a criterion.”

LSC Communications

Piotr Topor, Director of Information Security & Governance at LSC Communications, discusses tackling the cyber skills shortage, AI, and bringing together the business and IT to create a cyber-conscious culture at a global leader in print and digital media solutions.

Topor tells Interface: “The main challenge we’re dealing with is overcoming the disconnect between cybersecurity and business goals.”

América Televisión

Interface meets again with Jose Hernandez, Chief Digital Officer at América Televisión, who reveals how the company is embracing new business models, and maintaining market leadership in Peru.

“Launching our FAST channel represents a pivotal step in diversifying our content delivery and monetisation strategies. Furthermore, aligning us with global trends while catering to the changing viewing habits of our audience,” says Hernandez.

Also in this issue of Interface, we hear from eflow about new approaches to Regtech; get the lowdown on bridging the AI skills gap from CI&T; and GCX on the best ways to navigate changing cybersecurity regulations.

Enjoy the issue!

Dan Brightmore, Editor

  • Digital Strategy

Our final cover story for 2023 explores how Deputy CIO May Cheng is accelerating a digital customer and product-centric approach…

Our final cover story for 2023 explores how Deputy CIO May Cheng is accelerating a digital customer and product-centric approach to IT management for the International Trade Administration (ITA).

Welcome to the latest issue of Interface magazine!

Interface showcases leaders at the forefront of innovation with digital technologies transforming myriad industries.

Read the latest issue here!

ITA: A better digital government experience

We connect once more with the tech trailblazers at the International Trade Administration. Deputy CIO May Cheng and her team are accelerating adoption of ITA’s customer and product-centric approach to IT management. In addition, their focus is on Agile, DevSecOps, Value Proposition, and Human Centred Design. “In 2023, we launched 13 products, three MVPs and saw enhancements operationalised. Moreover, the digital model has enabled a partnership between business and IT. The result is clearer lines of shared responsibility, transparency in resources, and a continuous learning culture across the agency.”

Businessman touching data analytics process system with KPI financial charts, dashboard of stock and marketing on virtual interface. With American flag in background.

Royal Papworth Hospital NHS Trust: Digitally transforming patient care

The Royal Papworth Hospital NHS Foundation Trust is centred on bringing tomorrow’s treatments to today’s patients with a clear mission to provide excellent, specialist care to patients suffering from heart and lung disease. We hear from Andrew Raynes who took up his role as CIO in 2017. He is overseeing a digital transformation program bringing value to staff and patients. “Using the global language of interoperability… we’ll see greater efficiency in terms of use of technology and sweating our assets. Furthermore, exploiting the benefits to support seamless care by allowing standards to do the heavy lifting.”

Toronto Community Housing: Supporting tenants with tech

Toronto Community Housing houses tenants in 106 of Toronto’s 158 neighbourhoods. It ensures over 43,000 low and moderate-income families are supported in their continuously managed homes. Luisa Andrews, VP Information Technology Services tells us it’s the best role she’s had in her career. “It’s the most challenging, and where I’ve seen the most progress in a short amount of time. I’m proud of my team and what we’ve accomplished in five years. We, and our partners, have enabled the corporation, through technology, to do what it needs to do for our tenants.”

Marshfield Clinic Health System:

Marshfield Clinic Health System provides care at over 50 locations across the US state of Wisconsin. Chief Data & Analytics Officer Mitchell Kwiatkowski explains its tech mantra to us: “We’re trying to toe that line while examining new technologies as they come out. We’re aiming to understand what they are, how they can help, and implementing things that are mature enough and show promise. I don’t think healthcare is necessarily risk-averse; it’s a highly regulated area that doesn’t always have deep pockets for investment. However, it’s people’s health at stake, so we have to be careful…”

Also in this issue, we get the lowdown on the tech trends for 2024 from Hitachi Vantara innovation guru Bjorn Andersson. We also hear from the WatchGuard Threat Lab research team with their cybersecurity predictions for the year ahead.

Enjoy the issue!

Dan Brightmore, Editor

Todd Salmon, Executive Advisor for Strategic Services at GuidePoint Security, on the cybersecurity challenge of keeping up with the pace of the ever-changing digital world

This month’s cover story explores how GuidePoint Security, an elite team of highly trained and certified experts, cut through cybersecurity chaos and confusion to put control back in customers’ hands.

Welcome to the latest issue of Interface magazine!

Interface welcomes in 2023 with a need-to-know list of what we can expect from technology this year and how it can allow enterprises to gain a competitive edge in a disruptive and increasingly digital world. Faced with everything from process mining and AI to quantum-readiness and the metaverse we cut through the hype to bring you the facts.

Read the latest issue here!

GuidePoint Security: digital transformation in cybersecurity

“Cybersecurity is in such a reactive mode because of the sheer volume of risks and vulnerabilities an organisation faces,” says Todd Salmon, Executive Advisor for Strategic Services at GuidePoint Security. “We see a lot of copycats and repeat attacks happen, but at the end of the day it’s all about creating solutions to help combat those problems.”

GuidePoint’s elite team of highly trained and certified experts, cut through cybersecurity chaos and confusion to put control back in customers’ hands. Helping them make the smartest, most informed cyber risk decisions, and choose and integrate the best-fit solutions to build the most effective cybersecurity program, Salmon discusses the challenge of keeping up with the pace of the ever-changing digital world.

bp: a strategic reinvention

“We are investing in digital to drive process efficiency and improve insights; but also to develop our people with the skills we need for now, and the future at bp. This means we are playing to win while caring for our people through investing in their personal development,” says Head of Strategic Transformation Nick Hales.

“After setting the right foundations through various remediation and compliance initiatives, we embarked on our digital transformation journey,” adds Strategy & Transformation Manager Emmanouela Vlachantoni. “There was a clear opportunity to standardise and streamline our controls environment to reduce complexity and increase insight.”

Fairfax County: winning the IT war with cybersecurity

Meanwhile, across the pond, we learn how Fairfax County in the State of Virginia is reaping the rewards of a cybersecurity program enabling government services and keeping citizens safe. “My role is to educate our leadership to ensure they understand the business value of cybersecurity as it relates to government services. Being accountable for the security of their systems and data is a key factor in developing a successful cyber program,” explains CISO Michael Dent.

Also in this issue, we round up the key tech events and conferences across the globe and, with the help of the experts at Fasthosts, take a deep dive into the metaverse… Can virtual reality become our reality? Read on to find out.

Enjoy the issue!

Dan Brightmore, Editor

Welcome to the Winter edition of INTERFACE Magazine, our biggest yet! Our cover story this month centres around Lutz Beck,…

Welcome to the Winter edition of INTERFACE Magazine, our biggest yet!

Our cover story this month centres around Lutz Beck, CIO of Daimler Trucks North America, who reveals its massive digital transformation into a totally connected company… Read the latest issue here!

Beck transformed Daimler Trucks Asia – with its brands Mitsubishi Fuso and BharatBenz – into a truly connected company, moving the IT function front and center of its operations. This work paved the way for Beck’s move to head up transformational change in the US.

 “I was given an open field to do a lot of these innovations here within the Daimler Trucks North America Group because they had started certain elements but there were still a few things lacking. That’s the reason why there is a clear task: to push innovation and transform IT into a business value adding and future oriented organization.” 

Elsewhere in the mag we also speak exclusively to c-level executives at BT, AXA Partners, SSE, ACC and KPN in a bumper issue of B2B insight! We also feature interviews with Lisa Moyle from VC Innovations and Digital Banking Report’s Jim Marous and Sonia Wedrychowitz. Plus, we list all the top events and conferences from around the globe.

Enjoy the issue!

Andrew Woods

Borislav Tadic, Vice President BMS & Transformation DRC, explores how a major digital transformation of Deutsche Telekom has enabled greater…

Borislav Tadic, Vice President BMS & Transformation DRC, explores how a major digital transformation of Deutsche Telekom has enabled greater customer experience and significant technological advancements.

This interview featured in August’s issue of Interface Magazine – read now!

Tell us what your role is and how it fits into the wider Deutsche Telekom strategy?

I’m Vice President at Deutsche Telekom, responsible for board member support and transformation of the board area, data privacy, compliance and legal, working here in the Bonn headquarters of Deutsche Telekom Group. We as Deutsche Telekom Group are present in 50 countries and I would say are definitely a leading European telecommunications brand. We hope, after our mergers and acquisitions in the United States that we’ll become an even bigger player on a global level.

How important is it in your position to continue to learn?

That’s a fantastic point. One thing I try to do is constantly improve on an individual level. That includes formal education. I have at least 10 internationally recognised certifications and I’m currently working on my PhD in parallel to my work and I use numerous non-formal opportunities to expand my knowledge, both in the formats offered in the company and outside as well as through reading and keeping up to date with the latest developments every day, every morning.

That attitude is something I try to include in our transformation programs. For example, during the past two years, we’ve up-skilled more than 1000 employees off this board area, both in Germany and internationally, in several ways. First, offering them online learning content on our intranet platform, creating awareness about the different digital courses we have in the context of Deutsche Telekom, which are focused on their profession. We also continue to learn about global technological developments, so they can understand the new trends and developments in the industry so that they can better advise and/or support their customers.

From there we went a step forward and decided not only to offer them in a digital format, which is easy to implement and easy to offer and cost-efficient but also to enable a knowledge transfer. This is through our Digital Future Campuses in Athens and here in Germany. Several hundred people and experts from different functions of our board area were brought together and we educated them in areas such as broadband development, 5G, agile working, international collaboration, diversity and many other topics which directly or indirectly contribute to their performance and to their daily jobs. Satisfaction rate on the company level was one of the best in the recent history of Deutsche Telekom, with 96 to 99% participant satisfaction with the program.

Deutsche Telekom AG

A transformation of any kind breeds challenge, what are some of the challenges you have faced?

It is a challenge indeed. The first aspect of the challenge is that you have to give or convey as much knowledge as possible in a relatively short time and of course to make the knowledge current because if you prepare a course around blockchain and you prepared it two years ago, today you would need a completely different base. The pace of change with regards to the content, which you create to educate someone, is very high. It’s important that you stay up to date in the preparation and delivery of these courses.

Even that aside, you have a limited budget and this limited budget has to be approved and/or aligned with our human resources area. We are working with them closely because of course they have way more transparency about the needs of every individual employee and we have of course our professional view and vision where we want to be as a group. We basically worked with our colleagues from HR and with our expert groups in identifying which areas we need to focus on because you have hundreds of areas, especially in our fast-changing, fast-paced business around digitisation and technology.

After we finalised that, we created a program and then the next challenge was how to get the best possible lecturers and best possible experts to share the knowledge, because of course, their time is limited. There are of course budget limitations and numerous other restrictions including language barriers. We tackle that by trying to find the best in-house experts in some areas and external partners for others. They have more experience in some domains that are relevant to us. Then there is the delivery.

Even if you organise a format that consists of online courses as well as the physical presence of a course for several hundred people, that’s not an easy task. It sounds like an easy task; it’s just an event with a couple of hundred people but no, this is multi-partner, multi-party interactive session with numerous choice options because not everyone gets the same program. The people choose the modules and you have to fit all of that together. These are some of the challenges we’ve hopefully successfully tackled.

How do you ensure that your transformation is done so with the customer experience in mind?

That was the essence of our program and it’s a great question. First, we understood that we cannot only assume what the customer wants, we need to know what the customer wants and the only way to do that is to talk to the customer. As a governance function, we went and talked to the customers. We went out and spoke with actual private customers and business customers of Deutsche Telekom and asked them: what can we, from security, from privacy, from legal, from compliance, do differently in order to make your life better and easier?

We got our feedback. It was extremely good feedback, in the sense of many concrete, actionable points we can implement. For example, one of them was to simplify terms and conditions. When you sign a contract anywhere, for any mobile service, TV service or anything else we offer, you need to read through the pages of the contract documentation. This document is written mostly with the small letters, small font, explaining what will happen in case of some emergency escalation or conflict etc. It’s written in a language that no one understands but it was always the intention of Deutsche Telekom to make it fully understandable to our customers. We were doing our own efforts but when you speak directly to the customers, he can explain to you, which paragraphs are not easily understood or interpreted.

We used that feedback to simplify the terms and conditions for our major products. We did that within a couple of months and now we have one of the best, if not the best terms and conditions document, which is now standard. This raised the trust with our customers because they know that Telekom is fully transparent and wants them to understand what they are signing and what they are changing with their contract situation. This is only one example of numerous changes we did to the direct discussions with external customers.

How important is transparency to a company like DT?

When you look at how you can make it more transparent and when you simplify the processes and the policies, the documents, when you’re directly communicating your goals and why you are doing certain things, this raises the trust of the customers. But of course, many digital tools can also help you to raise that transparency. For example, you can do it for ethical reasons. We have been very successful in advancing customer demands through a chatbot. It became so good that some of the customers didn’t even know that they were being served by the chatbot. Because it answered all their questions in the manner that they would expect from a live person, but we still, from an ethical perspective, decided to include the sign notification saying: “You’re speaking with our digital assistant, not with a real person.”

We’ve also introduced specialised tools both internally and externally. As an example, we have a data privacy cockpit that enables you to log in as a customer of Deutsche Telekom and basically see which data you have approved or are sharing with both Deutsche Telekom and you can also click and approve or disapprove with us sharing that data with other parties. We are very strict with that. This is one of the parts of our unique selling proposition; we’re extremely careful with the data of our customers. What we want to achieve is for customers to no longer need to call or send an email to understand which data of theirs is in the system and which can be shared, but they also can log in with their mobile or fixed device and look and choose and change the categories at any time, through a very useful and user friendly interface.

Around 10 years ago, through internal experiences, we realised that this could become something we are known and recognised for, and so we decided to really invest internally into data privacy, security, compliance to strengthen our legal functions, to strengthen our audit functions. We did this in order to create a system that not only gives assurance to our shareholders but also to all of our customers. We don’t do it because we must; we believe that there is clear value in data being handled in an ethical and responsible manner for our customers.

How difficult is this with regards to DT’s presence across 50 countries?

First is that we look at all of our footprints holistically where, if we have a high standard which is not producing a significant change in the product pricing or service pricing, we look to apply it throughout the whole footprint. In the area of compliance, security, privacy and risk management, we are applying the highest standards worldwide.

The challenge here is that you have certain local changes which happen and which of course demand us to stay on the ball in that we are always in contact with our local counterparts which are responsible for these areas where the board area is active and not only upscale them, not only to make them aware of the customer demands both locally and internationally, but also to always make sure that they’re applying the latest, leanest standard and the process to keep the high levels of these services.

How will you continue to grow and transform? Can a transformational journey ever really end?

There is no endpoint. You’re absolutely right; the transformation will never stop and should never stop. It’s a process of continuous improvement of the organisations and individuals and customers’ demands, markets. Everything is changing, so we need to keep changing constantly. I think it’s very important to say in the sense of the role you mentioned is that you also lead by example, not only me but also my colleagues and other senior executives. They need to be aware that if we are promoting a tool to be used or a process to be simplified, we have to start with ourselves.

They’re extremely important, these change processes, because it’s not sufficient only to upscale, to implement the customer demands and to digitise and introduce digital tools. If you want the whole organisation to have a sane and a good mix of agile projects and waterfall projects, I need to show that some of my projects in the digitization context are being run agile.

What do the next 12 months look like for DT?

We’re going to focus on new skills. Let’s say that we are going to further explore what the blockchain is bringing. We are going to further explore what the changes are, not only technologically, but also the social changes related to 5G. In addition to that, we want to further explore AI and also further explore digital ethics. We are going to be active in the corporate digital responsibility domain where we, as Deutsche Telekom, are very much pioneering some of the elements here in Europe, so this is definitely going to happen.

What makes a successful CTO?

I would say surround yourself with extremely diverse people because diversity is not only diversity in the context of having different people with different backgrounds around yourself or different religions, different genders, different ages, etc., but also diversity in the opinion context, and the context of thoughts. And when you’re surrounded by such people, try to be like a sponge.

Try to take as much input as you can to process this and put it into the context and to continue changing because if I would apply what I learned at let’s say in the university or what I’m learning now for my PhD, that might be okay for a certain period of time, but the world, technology and the market is changing with extreme pace. So, you have to be fully aware that this will continue changing so your adaptability is the key. Your curiosity is the key and if you keep that, I’m sure that you’re basically ensuring that you’ll be successful today and tomorrow.

Welcome to July’s packed issue of Interface Magazine. Read the latest issue, here! This month’s cover centres around Staffordshire University,…

Welcome to July’s packed issue of Interface Magazine.

Read the latest issue, here!

This month’s cover centres around Staffordshire University, one of the UK’s emerging tech powerhouses. We talk to Andrew Proctor, Director of Digital Services, at the university who talks about the massive digital transformation he has overseen there.

For a sector steeped in tradition, it’s perhaps not surprising that higher education has taken longer than most industries to wake up to the digitisation of operations and offerings that have disrupted virtually every other market. However, with rising customer expectation linked to increased fees, and a battle to establish points of differentiation in a highly competitive marketplace, higher education has had to respond to the changing needs of the client, and nowhere is that more evident than at Staffordshire University.

Andrew Proctor, is the man who has spearheaded a massive digital revolution in an attempt to truly harness digital. “If you compare higher education to a lot of the modern digital era organisations or companies, universities can be obsessed with physical assets such as buildings; a new building being a sign of a healthy university,” he explains. “Now, I’m not saying that buildings aren’t a part of that future, they absolutely are, but we are developing what we call a ‘clicks and mortar’ strategy that delivers the best of the physical and the digital. It’s that harmony between your physical infrastructure and your online presence.”

Elsewhere, there is a highly revealing interview with EnterSolar’s Edgar Lim, Vice President of Technology and Procurement, who explores how a sound procurement philosophy achieves growth in a “solar-coaster” market.

We also hear from Craig Stewart, Vice President of Product Management at SnapLogic, who addresses how tech can provide some of the solutions to the global skills gap. We also look at the advent of automated data centres and reveal the most influential blogs and resources for CIOs.

Plus, lots, lots more, including our guide to the world’s best events and conferences.

I hope you enjoy the issue!

Andrew Woods

Companies that use voice plus touch interactions with their products and services are actually seen as less trustworthy and less…

Companies that use voice plus touch interactions with their products and services are actually seen as less trustworthy and less engaging by their users, according to new research from emlyon business school.

The research, conducted by Margherita Pagani, Director of the AIM Research Center on AI in Value Creation and Professor of Digital Marketing at emlyon business school, and colleagues from ESSCA School of Management and Florida State University, College of Business, analysed the impact and differences between ‘touch’ interaction and ‘touch and voice’ interaction on personal consumer engagement and brand trust.

The researchers created two separate experiments, focused on a utilitarian product and then a hedonic product, both of which had over 90 participants belonging to generation Y, which is commonly equipped with the latest smartphones and frequently use them for business interactions. For both experiments, participants had to interact with the brand using their smartphone including a phone call to the company to ask a specific set of questions.

One group was required to interact with the brand through the smartphone using a touch-only interaction, and the other used both touch and voice interaction – either Apple’s Siri or OK Google. After interacting with the company, participants were asked to rate their customer experience. The participant’s answers were then measured to evaluate personal engagement with the tasks, their level of trust with the brand and their privacy concerns.

The researchers found that participants who used the touch-only interaction experienced a much higher level of personal engagement with the brand compared to those who used the touch plus voice interaction.

Prof. Pagani says,

“Many companies have introduced new AI products that use voice-activation such as Amazon’s Alexa, Google’s Home Assistant or Apple’s Siri. These have been introduced in order to increase customer experiential engagement, stimulate the interaction and collect more data that allow to better personalise the experience through machine learning.  However, our study shows that in the initial phase of adoption, adding voice recognition actually has the opposite desired effect. Even if voice may be considered as a way to develop a much more natural interaction, the level of cognitive efforts required to the brain using two sensory modes (voice and touch) are higher. Therefore, consumers find it harder to completely engage with the product and can easily be distracted”.

The researchers also found that participants who used the touch-only interaction felt as though they had more control over the information they shared and therefore had greater confidence in the brand. Users stated that they found it much simpler to input information using only one sensory method; touch.

“The lack of familiarity with how these digital voice interactions actually work is likely to be the reason as to why consumers are less trusting of brands that use both touch and voice. Whilst the use of touch also garners much more control for a consumer, as opposed to voice”.   The study, published in the ‘Journal of Interactive Marketing’ is the first of its kind to explore the effects of new voice-based interface modes on marketing relationships. Whilst technology multiplies the way that consumers can interact with brands, this study shows that too much interaction can actually harm a company, and offers managers guidance on how to increase personal engagement and brand trust.

Industrial companies are embracing 5G connectivity as a primary enabler of digital transformation, and plan to implement the technology within…

Industrial companies are embracing 5G connectivity as a primary enabler of digital transformation, and plan to implement the technology within two years. This is spurring interest in private licenses, which nearly half of large industrial companies (47%) intend to apply for, according to the latest findings from the Capgemini Research Institute.

The 5G in Industrial Operations: How Telcos and Industrial companies stand to benefit study found that 5G is regarded as a catalyst of digital transformation, and that manufacturers expect it to deliver more secure and efficient operations.

Key findings of the study, which surveyed over 800 industrial companies’ executives and 150 telecoms executives across 12 countries, include:

5G is critical to digital transformation: When industrial companies’ executives were asked which technologies will be the most integral to their digital transformation over the next five years, 75% mentioned 5G as a key enabler, ranking second to cloud computing (84%), and ahead of technology innovations such as advanced automation and AI/machine learning. Industrial companies believe that 5G’s versatility, flexibility and reliability will help address connectivity challenges (a limiting factor to digital transformation for 44% of those polled) and fuel future use cases.

Industrial companies want to move quickly to implement 5G: There is widespread confidence in 5G’s potential, with almost two-thirds of industrial companies (65%) planning to implement it within the first two years of availability. In Italy (35%), France (30%) and Canada (27%), over a quarter intend to use 5G within the first year, while 75% of industrial companies in the UK and Italy, 69% in Spain, and 68% in the US and Norway plan to start within the first two years. The largest manufacturers are most likely to implement 5G first compared to the broader industry: 74% with annual revenue above $10bn expect to do so within the first two years, compared to 57% with revenue between $500m and $1bn.

One-third (33%) of industrial companies are planning to apply for their own 5G license and large organizations will take the lead with 47% expressing interest. This is fuelled by a desire for greater autonomy and security combined with concerns about telecom operators being too slow in rolling-out 5G public networks. However, there will be regulatory barriers which differ across countries.

Gunther May, Head of Technology and Innovation, Business Unit Automation and Electrification at Bosch Rexroth AG says, “As a solution provider and a manufacturer, we are monitoring the 5G landscape closely and we believe there are multiple benefits to holding our own license. It would allow us to be in full control of our 5G strategy by giving us the freedom to either deploy the network alone or with a telecom operator.”

Security and operational advantages will drive 5G adoption: When asked about the business reason for investing in 5G, more than half cited more secure operations (54%) and efficiency of operations/cost savings (52%), with the expectation that 5G will help in enabling or enhancing use cases such as real-time edge analytics, video surveillance, remote control of distributed production, AI-enabled or remote controlled motions, remote operations through AR/VR, etc.

Industrial companies will pay more for premium services: Despite uncertainties around the speed of deployment, manufacturers are already willing to pay a premium charge for enhanced 5G connectivity. 72% of industrial companies will pay more for enhanced mobile broadband speed and increased capacity, yet only 54% of telecom operators think there is appetite for this. This presents an opportunity for telecom operators to consider how they build a highly profitable 5G business model.

Pierre Fortier, Principal Consultant in Telecom, Media and Technology at Capgemini Invent comments: “This research makes it clear that industrial companies are confident about the benefits of 5G before it has even come to market. That said, 5G is an emerging technology and there will be many challenges to overcome before it is ready to be deployed at scale. Co-innovation between industrial companies and the telco ecosystem, in the form of pilots and open experimentation platforms, will be essential to create win-win business, service and operating models that will foster 5G adoption.”

Research Methodology

The Capgemini Research Institute conducted, with Capgemini Invent experts, a primary survey of over 800 executives from industrial companies. Respondents were based in 12 countries: Belgium, Canada, France, Germany, Italy, Netherlands, Norway, South Korea, Spain, Sweden, United Kingdom and United States, and across a dozen sub-sectors: Aerospace & Defense, Airport and Railway Operators, Automotive, Chemical, Consumer Product, Energy & Utilities, Industrial Machinery, Logistics, Medical Devices, Pharma & Life Sciences and Semiconductor and Hi-tech Manufacturing. The Institute also conducted a survey of 150 telecom executives from these 12 countries and also finished more than 20 one-on-one interviews with industry and telecom executives.