Henry Schmeltzer, MeDirect’s Director of Commercial Strategy and Head of Legal, took part in a conference on transformation of the Maltese financial services sector organised by Malta’s Institute of Financial Services Practitioners. The conference addressed the short-term changes required to be undertaken by Malta’s financial services sector to ensure a brighter future in a constantly evolving economic and political climate.

Mr Schmeltzer participated as a panellist in a discussion on whether Malta’s banks are a lifeline or a stifler for business. He highlighted the importance of using technology to improve the efficiency of and customer service provided by the financial services sector as well as the ability of financial services entities to meet increasing regulatory requirements. In response to a question about fintech companies entering partnerships with banks and other financial services providers, Mr Schmeltzer noted that MeDirect had taken the approach of building its own fintech entity, which it plans to use to provide B2B technology services to other financial services providers. He added that MeDirect’s fintech entity will be able to offer to financial services companies not only highly sophisticated technology solutions but also MeDirect’s practical experience in dealing with operational, regulatory and compliance challenges.