It’s not news that finance is one of the most exciting verticals in the technology industry right now. Not a day goes by without fresh funding rounds, partnerships and new products making headlines. But, in an industry prone to hype cycles and excitement over the potential of new technology to disrupt financial services, it’s easy to lose sight of the bigger picture.
The Money20/20 conference in Las Vegas aims to provide just that: an overview of the key trends and challenges facing the entire financial services ecosystem. The event brings together the industry’s sharpest minds and cutting edge companies to answer some of the biggest questions in finance. This year’s conference and trade show attracted 10,000 attendees, 550 speakers and 3,000 companies from 75 countries.
So what’s the next big thing in financial tech? Where is hype outstripping the reality of adoption? Fundamentally, what is it that’s so compelling about this industry that investors, entrepreneurs, incumbents and challengers are so excited about? These are all questions put to interviewees in The Bancorp’s Finetics™ Studio at Money20/20 and who better to answer them than Anil Aggarwal, founder of the conference itself.
In an interview with PaymentEye, he shares his insights on the key trends shaping the industry, provides advice for entrepreneurs looking to carve out their niche in the space and explains why we are going through a period of “truly fundamental” change.
“Someone said to me recently ‘tech is hot and fintech is the hottest thing in tech’,” says Aggarwal. “Ten years ago I’m not sure I would have predicted hearing that. I’m excited because there is so much incredible innovation happening. It runs so deep and it’s something people have embraced so widely that it’s an incredibly exciting place to be.”
To hear what the future of finance looks like from Heartland Payment Systems chairman, CEO and founder Robert Carr, Hidden Brain CEO and founder Marilyn Bochicchio and Experian Plc. mobile payments and commerce lead Cherian Abraham, check out the Finetics blog for more insights from the studio.
In this guest post, Anthony Walton, CEO of Iliad Solutions, explores how businesses and regulators can increase the safety and efficiency of transactions, and introduce technological advances into the system.
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