#Money2020 Europe – Key Observations:

#Money2020 Europe – Key Observations:

#Money2020 Europe – Key Observations:

By Adrian Hausser – CEO, PayX Group

  1. Banks are now turning en mass to full on engagements to partnering with fintechs – big question is which fintechs?
  2. Open banking/PSD2 was described on stage by one related association as “a fiasco”!
  3. Exhibitor floor seemed to have about 70% new company names from last year, interestingly many new ones last year weren’t there this year, so I guess that begs the question how many will exist in a few years from now? The money flowing seems very large, but out in the industry the traction with new names seems very different.
  4. Asia has landed – delegates and companies present from Asia plus many stage sessions focused on the platform darlings from China and Asia generally who have mass success, scale and acceleration.
  5. The top banks essentially confirmed the direction is correct but the big problems haven’t been solved yet; indeed in many cases this is the tip of the iceberg – changing culture being a common key hurdle

Interesting times, huge opportunities and threats and loads to do!