Markos Zachariadis

Markos Zachariadis is Associate Professor of Information Systems Management & Innovation at Warwick Business School and a FinTech Research Fellow at the Cambridge Centre for Digital Innovation (CDI), University of Cambridge. Markos’ research sits at the cross section of economics of digital innovation, financial technology studies, and network economics, and has studied extensively the economic impact of ICT adoption on bank performance, the diffusion of payment networks, and the role of data & standards in payment infrastructures (SWIFT) and financial markets (LEI) among other things. Markos’research has been published in top academic journals such as MIS Quarterly, Research Policy. He is awarded the NET Institute Award (NYU Stern Business School) for his study on the economics of payment networks, and the SWIFT Institute and GRI Awards for his research on Open APIs and Digital Transformation in Banking. He is also co-author of The Society for Worldwide Interbank Financial Telecommunication (SWIFT): (2014) and co-editor of The PAYTECH Book (2019)

Dr. Zachariadis is a board advisor, mentor, and international keynote speaker and has been invited to present his research insights to various international conferences and organizations (UK Parliament, SIBOS, Money2020, GRI Summit, Bank of England, Microsoft, Innovate Finance Global Summit, SWIFT, IBM, Financial Times Leadership Series, EY, Bank of Cyprus, Z/Yen, APIdays, etc.). He was also the organizer of an international conference at Warwick Business School on PayTech innovation funded by Gates Foundation, MasterCard and Capco. As a recognised expert, Markos often shares his work and perspectives with media outlets such as The Times, World Finance, Financial Times’ Banker Magazine, Bloomberg, Fortune Magazine, BBC, CNN, The Telegraph, Sky News, USA Today, ITV News, The Conversation, among many other.

When thinking about digital transformation in financial services it’s impossible not to include Open Banking as one of the most influential trends that will potentially shape the future of finance. Having said that, Open Banking is much more than just a technological revolution. It requires a drastic re-think of the existing business models that banks have utilised for decades and a fundamental shift in strategy and ways of innovating. Taking lessons from earlier implementations of open banking in the United Kingdom (CMA) and the EU (PSD2), in this session we will be discussing the strategic choices as well as challenges and opportunities in the emerging Open Banking era. We will examine the state of affairs and dynamics of the open banking ecosystems and the role of platform-based business models in that context.