Senior executives from Avaloq, SAP, Wirecard and credX board member Ralf Kauther discussed the perspectives for B2B credit platforms at the panel “Fintechs – Digitalisation and Data Science”

It has become clear that in the B2B financial world in general and in the financing processes in particular we are still at the very beginning of digitization. But the first steps have been taken and it is becoming increasingly obvious how large the efficiency potential is for all market participants. In many places, the comprehensive transformation of processes also implies the disintermediation of value chains and the assumption of tasks by FinTechs. The panel participants agreed that the description that “Fintechs take business away from banks” is misleading.