Fintech and the future: where is the greatest potential for central governments’ use of fintech solutions?
Government authorities worldwide are increasingly buying fintech services and/or embedding fintech solutions into their operations to improve what they do and deliver better services.
The trend is driven by factors ranging from the increasing digitisation of public administration, including, for example, greater availability of digital data, to the growing breadth and capacity of fintech solutions themselves.
As examples, Belgium’s tax authority and the UK’s Cabinet Office have been working with the same fintech (Quantexa) to help tackle fraud. Also in the UK, the government’s procurement agency Crown Commercial Service (CCS) has set up a ‘Debt Resolution Services’ supplier roster that aims to increase the use of fintech solutions in fields such as data aggregation and open banking across Britain’s public sector; and HM Revenue & Customs has blazed a trail globally by engaging a fintech company (Ecospend) to enable the department to receive payments via open banking.
Global Government Fintech’s webinar sought to take stock of governments’ engagement with fintech solutions to date and explore where government officials see as the areas with greatest potential.
#GovtsUsingFintech
Panel
Chris Dix, Deputy Director Chief Technology Officer UKSV, Cabinet Office, United Kingdom
Chris is Chief Technology Officer in the UK Security Vetting (SV) team at the Cabinet Office. He joined earlier this year from the BBC where he was Head of Architecture – Product, a role that saw him accountable for managing technology strategy and architecture across a range of products, technologies, devices and modalities including smart, connected devices and emerging experiences.
His career to date has spanned more than 20 years, with a significant part in the media and entertainment industry.
Doris Dietze, Head of Digital Finance, Payments Services and Cybersecurity, Federal Ministry of Finance, Germany
Doris Dietze is head of Digital Finance, Payment Services and Cybersecurity at Germany’s Federal Ministry of Finance. Her responsibilities include the development of strategies with respect to fintechs, payments and digitalisation of the financial market. She is also responsible for regulatory issues in this area. Prior to this, she served as a speechwriter for the Minister of Finance. She studied law at the universities of Trier, Münster and Reading (UK).
…………………………………………………………………………………………………………………………
Andrés Barragán, Director of the Cabinet and Financial Analysis, Treasury, Spain
Andrés is responsible for fintech regulation and Spain’s financial regulatory sandbox. He is also a member of the Financial Services Committee and Head of Financial Analysis in the Treasury. Andrés holds a degree in theoretical physics and a degree in philosophy from the Complutense University of Madrid. He joined the Spanish Corps of State Economists in 2017.
……………………………………………………………………………………………………………………………..
…………………………………………………………………………………………………………………………………………………………….
Webinar chair: Ian Hall, Editor, Global Government Fintech
Ian is editor of Global Government Fintech and also writes for media including City AM and #DisruptionBanking. He is former UK director for the pan-European media network Euractiv (2011-2018), editor of Public Affairs News (2007-2011) and news editor of PR Week (2000-2007). He was shortlisted for ‘Editor of the Year’ at the British Society of Magazine Editors (BSME) Awards in 2010. He began his career in Bulgaria at English-language weekly the Sofia Echo, with his year in the Balkans (1998-1999) sandwiched between a BA in Economics and MA in Urban & Regional Change in Europe (both from Durham University).
