Money20 / 20 USA Day 2 Round-up


From October 24 to 27, the US edition of Money20 / 20 is back. Hosted live in Las Vegas, Money20 / 20 eschews any notion of webinars, remote conferencing, or hybrid events, and aims to bring innovation back in person to the world of fintech events.

2021 marks the 10th anniversary of Money20 / 20 Las Vegas, and organizers have talked a lot up front about how there has been a conscious effort to make this year’s event unique, with bigger stages, a more speakers and a more diverse topic of discussion than ever.

Fintech time will bring you regular updates throughout the event, with daily highlight reports and analysis of the latest company announcements. Let’s take a quick look at what happened on Tuesday, the penultimate day of the event.

Featured Tuesday sessions

Part of the “A Symbolic, Transparent and Trustless Future” stream was the intriguing session titled “Can TradFi Data Help DeFi Go Mainstream?” DeFi promises radical financial inclusion but, as the space expands, some of DeFi’s greatest strengths have become vulnerabilities. Adoption among early enthusiasts was strong, but mainstream adoption is still out of reach. Taking place in the immersion phase, this panel explored whether traditional financial data such as identity and credit data have a place in DeFi and whether TradFi data in DeFi will deviate from its core principles of decentralization and inclusion.

Were present at this discussion Jean Soleil, CEO, Spring laboratories; Kristin smith, Executive director, Blockchain Association; and Yuri Pushkin, Chief Risk Officer, BlockFi. It was moderated by Liz pagel, SVP, consumer loan company manager, TransUnion.

Then we had “The Fintech View: Data & Analytics”. This was related to the “Striking Digital Gold” theme and included a large panel including Shanker Ramamurthy, Global Managing Partner – Banking, IBM; Andrew Stucchio, Vice President, Global Pricing and Analytics, Discover Financial Services; J. Christopher Ward, Executive Vice President, Data, Digital and Innovation, Cash Management, PNC Bank; and Lisa Cochran, Chief Information Officer, VyStar Credit Union.

In partnership with IBM and taking place on the immersion stage, it was a fun take on the popular daytime talk show “The View”, where panelists weigh in on the “hot topics” of the industry. and shared their “shots” on everything. from successful data management programs to new technology that enables innovative data analysis. They also looked at how data geeks land gold while staying secure and compliant. Carol Grunberg, Citi TTS, Global Head Strategic Partnerships & Innovation, Citi was the moderator.

Taking advantage of one of Money20 / 20’s most popular events, “Every Business Is A Fintech Business Was” Will there ever be a toast or a square of payments for healthcare? », Which took place on the immersion stage. Jean Talaga, Executive Vice President and General Manager, Health, Flywire and Lex oiler, CEO, Peachy Pay, Inc. were the speakers, and the session was moderated by David Jegen, Management partner, F-Prime Capital.

Toast and Square are of course household names now – having transformed the payment experience for retail and restaurants. And even now, they continue to simplify the payment process for consumers and business owners. This panel explored whether it is possible for consumers to have the same experience with their healthcare providers – knowing the cost before you buy and paying before you go, as well as a discussion of the latest trends in healthcare. health care payment.

Money20 / 20: the latest company announcements

Another day and another line of exciting developments and announcements from the fintech companies present at Money20 / 20.

First of all we have Very good security (VGS), the modern standard for digital data security, compliance and retention, which announced the release of a suite of products to optimize payment acceptance, approvals and costs across any payment ecosystem. Known collectively as VGS Payment Optimization, the suite enables businesses to customize their payments ecosystem across multiple gateways, payment service providers (PSPs), and third-party APIs from a single platform. Merchants, payment facilitators and SaaS businesses can all benefit from this new platform.

“Whether your business grows vertically, horizontally, or globally, Payments Optimization is a force multiplier for achieving business goals, whether you are working with a single PSP or multiple PSPs,” said VGS Co-Founder and CEO . Mahmoud Abdelkader. “The Payment Optimization Suite saves development time and resources, increases your bottom line, and lets you focus on your core business. “

Then we had Rising, a leading technology provider for financial institutions, and Marqueta, a modern global card issuance platform, which announced the world’s first virtual card issuance and loan partnership to help banks quickly enter the buy now, pay later (BNPL) space. The partnership aims to bridge the digital tools gap that currently prevents many banks from entering the BNPL space. It could also allow these banks to market in a few months a BNPL offer and a virtual card that generate revenue, capture market share and increase online and in-store loyalty.

Also getting involved in announcements was Circle, a leading fintech that enables companies to harness the power of digital currencies and public blockchains for payments, commerce and financial applications around the world, and the leading operator of USD Coin (USDC), they have shared the news of an integration with a complete suite of risk management tools developed by TRM Laboratories, a blockchain intelligence provider, to further enhance the platform’s ability to detect and defend against fraud, crooks and suspicious activity. The partnership underscores an increasingly proactive commitment by many players in the crypto ecosystem to implement state-of-the-art systems and procedures to prevent fraud and financial crime from occurring on their platforms, and to integrate practices that promote trust, security and cooperation with the regulatory community.

What happens in the Money20 / 20 final?

Wednesday is sadly the last day of Money20 / 20 Las Vegas, but will have a full schedule of events, with some really interesting discussions planned to bring the event to its conclusion for another year. In tomorrow’s roundup, we’ll take a look at some of this week’s highlights, including discussions and key announcements from Wednesday’s milestones.

  • Polly Jean Harrison

    Polly is a journalist, content creator and spokesperson from North Wales. She has written for a number of publications, typically focusing on the topics of fintech, tech, lifestyle, and body positivity.

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