On Thursday, 7 March 2024, the Institute for Law and Finance, in cooperation with Deloitte Legal, hosted the first Deloitte-ILF Lecture on a topic which is becoming increasingly important for both FinTech companies and established banking providers: Banking-as-a-Service (BaaS).
The evening began with welcoming remarks by Dr. Hendrik Haag, Member of the Executive Board of the ILF, and Dr. Mathias Hanten, Partner of Deloitte Legal and Member of the ILF Donors' Committee.
The first speaker of the evening was Prof. Dr. Dirk Zetzsche, Faculty of Law, Economics and Finance, University of Luxembourg, who introduced the topic and classified the regulatory and legal aspects of BaaS from the academic viewpoint in his keynote speech.
The successive speaker Mr. David Frei, Head of DACH & Eastern Europe, Swan SAS, shared the perspective of the provider of Banking-as-a-Service solutions for companies in his presentation "Unlocking Embedded Finance in Europe".
The next topic "Spotlight on Collaboration Modes" was delivered by Mr. Lennart Swoboda, Platform Consulting, Vereinigte Volksbank Raiffeisenbank eG, who looked at the issues from the perspective of the classic market player.
Deloitte's experience from practice with BaaS was subsequently jointly presented and discussed by Mr. Andreas Reuß, Partner, and Ms. Marie-Louise Bernhard, Manager, Banking Operations Transformation, both of Deloitte Consulting
At the end of the presentations, the study "Beyond Banking" currently conducted by Deloitte Consulting was presented by Ms. Sahar Gesell, Manager BCM Transformation.
The final segment of the evening was a panel consisting of all speakers discussing their topics and answering questions from the audience. The panel was moderated by Dr. Hendrik Haag and Dr. Mathias Hanten, who also shared their views on the topic in general and the different perspectives given during the evening.
The evening concluded with a get-together where speakers, ILF students, ILF alumni and participants from academia and the financial industry were able to discuss the topics presented individually and network with each other.
