Money 20/20 in 2023:  Getting back to business!

Money 20/20 in 2023:  Getting back to business!

by kim Comment Closed
If you are like me and attended Money 20/20 earlier this week, you are likely still decompressing and working through your to-do list.  This year’s conference started early Sunday morning with an intensity that did not abate.  I always look forward to this event and am grateful for the opportunity to see so many of my favorite people in one place and hear first-hand the trends that are shaping the industry.  Despite industry headwinds, this was an energizing event.  The mood was reflective while also enthusiastic about the opportunities ahead.  It feels like it’s time to get back to business. Here are some thoughts and observations:  There was and will continue to be much discussion about open banking, open data, and 1033.  1033 will be a massive change requiring the sharing of data historically enjoyed by the largest of banks.  Some benefits seem to be proven, agreed upon, and understood such as the ability to use account cash flow data to improve...
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Recap of Fintech Nexus 2023: Bright outlook despite current rough times

by kim Comment Closed
This year’s Fintech Nexus did not disappoint! The gathering and active discussion and debate among participants showed the resilience and enthusiasm of the industry. There was plenty of 1:1 networking and the opportunity to reconnect with friends and relationships while also meeting new connections.  And of course, there were many, many parties where conversations continued through the night. There was a recognition that things are tough and we need to get through this cycle. The optimism for the future was contagious with an understanding that great solutions and companies are being created right now – the future is looking bright beyond today’s challenges.  Here are some takeaways from this year’s conference:  1.      The current environment is tough and one that we have not seen since the dot.com bust. Investor appetite has dramatically slowed since exits are unclear. This is a cycle, and growing companies need to manage their runway to survive and come out the other end. Focus should be on profitability and unit economics while adhering to...
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Themes from the Inaugural face-to-face Fintech Meetup

by kim Comment Closed
March 23, 2023 The inaugural in-person Fintech Meetup conference took place this week (March 19 – 22) in Las Vegas and is positioned to be a key event in financial services, banking, and Fintech. The gathering brought thought-provoking discussions and a slew of impactful 1:1 meetings for attendees.  Despite market volatility, there was still an air of excitement over opportunities and resilience that can be created in times of industry stress.       Here are some takeaways related to Fintech Meetup from this week: There is a flight to safety, given market volatility and fragility.  Newer Fintech providers need to look inward, focus on themselves, and continue to innovate.  Larger Fintechs need to figure out how to leverage their scale to position to grow.  All need to refocus and figure out who they are and what they are good at so they can focus on these core strengths. Open banking is exciting but there is uncertainty as to its governance.  There is an increased willingness...
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