The Payments & Financial Services World is in Vegas, Baby

Photo via Money 20/20

It’s advertised as “The World’s Largest Payments & Financial Services Innovation Event,” and it’s taking place right now (October 22-25) in Las Vegas – – the 2017 Money20/20 event expects 11,000+ attendees, including more than 1,700 CEOs and Presidents, from 4,500 companies and 85 countries. Their agenda is comprehensive and includes themes like PAYMENTS, BANKING, COMMERCE, SECURITY, and BLOCKCHAIN, just to name a view. “The world’s largest marketplace for ideas, connections and deals in Payments and Financial Services.”

It’s a great place to take the pulse of of an increasingly complex payment and financial services ecosystem. Electronic payments services seem to appear every day, while strongholds like Amazon seem ready to swallow the fintech field whole.

Interesting to note, a number of speakers highlighted that the battle between digital payment options competing against each other is going to be very intriguing to watch! Faster Payments may absorb wire volume.  Zelle may steal from ACH and Venmo. Bitcoin – – well, that’s an entirely new category…  A presentation yesterday by Visa predicted that the next two years are going to introduce unprecedented times for payments! Credit is growing faster than debit once again!

And, given the  new expansion map of data that is being generated, artificial intelligence is going to have to step up, and step up big to keep the wheels from flying off!  Data is doubling every two years as well!

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