Conference season kicked off with a bang at Finovate Fall 2015. This show has grown from a small room in San Francisco to multiple events occurring across three continents and hosting thousands of attendees and hundreds of innovative firms. As in previous years, this year saw a variety of interesting solutions across a number of financial services needs, as well as some clear themes.
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Friction is one of the most annoying forces of nature (along with entropy, but I can’t figure out how to connect entropy with payments). It slows things down, creates heat, and wears things out. Besides risk and fraud, it’s also the most annoying force in payments. There are a lot of friction points in the payment ecosystem, from the application and onboarding process for cardholders to the challenge of managing a half-dozen different tender types in order for a merchant to make a retail sale.
This last week I received a Coin card in the mail after having supported the effort way back in November 2013. It arrived about a year after the planned rollout, which was the summer of 2014. What is a year’s difference between friends? Here are a couple of thoughts on where this type of technology could go:
The past few months have seen a significant uptick in controversial events to potentially rattle investor confidence:
The world of fintech is set to invade the catwalk next week in New York: On September 16th and 17th, Finovate returns to the Big Apple with FinovateFall, the flagship two-day showcase of the latest and greatest fintech innovations from leading established companies and bleeding-edge startups. Finovate’s signature demo-only format will present 72 companies with just seven minutes to demo their latest innovations to the entire audience. Networking sessions follow the demos each day, giving the attendees a chance to make one-on-one connections with the innovators as well as the other influential financial technology professionals in attendance.