ABES SOFTWARE CONFERENCE 2017, held on September 18th, in São Paulo, had a panel on “Financial Innovation”, with the participation of Abdallah Hitti, Entrepreneur and COO of HIPAY (France), and Carlos Fagundes, Entrepreneur and President of Integral Trust, and was moderated by Gérson Schmitt, Entrepreneur and Vice-President of the Board of ABES.
Carlos Fagundes addressed financial innovation based on an agenda for ABES members to have access to funding sources, based on the obstacles revealed by a survey carried out by the association with companies in the ICT sector. This study revealed that conventional sources of financing do not meet the needs of the sector, formed by a large number of small and medium-sized companies.
“The provocative suggestion that I present first-hand at this event is the creation of the Market Place ABES platform, which would bring together financial institutions, investment funds and the BNDES, a new solution for new times. It would be a more standardized registration and trading environment, with the possibility of presenting guarantees through receivables, including, and would allow more efficient entry into the capital market”, explained Fagundes.
Creator of the first bank in the world without branches, Cortal (sold to the BNP Paribas Group in the 1990s), businessman and investor Abdallah Hitii highlighted the expansion of the use of digital currency and the popularization of the eWallet (the personal digital wallet), in addition to share his personal experience investing in fintechs, with large global projects, such as HIPAY, a group specializing in online payments, which has 11 million customers. “Financial innovation changes the way we citizens use currency and marks the advent and development of the digital economy. In the future, each of us will be our own banker. The future is instant payment”, he said.
Faced with new technologies, Hitti considers that no bank is going to leave blockchain out. “Banks have the habit of waiting for an idea to work. Today, they have already started to develop experiences and plan the launch of their digital currencies”, he analyzed. The executive presented his most recent launch: BitQuick, an online platform for buying and selling bitcoins.
For him, there is an emerging phenomenon: the end of globalization and “the return home”, with people of the new generation returning to have a more peaceful life, the rise of the “slow down” movement, whose keyword is “slowly ”. One of the first signs is the reduction in the number of hours connected, which are now directed towards enjoying family and friends. O instant payment would be integrated into this new reality.
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