money2020 2015 day three highlights
TRANSCRIPT
A ‘not another presentation’ presentation
@sammaule 29 October 2015
MONEY20
day 3 highlights
Payment instruments are going to become less important - authorization engines will be key.
- Jason Gardner, Marqeta
Don't believe what you read on 'death of cash' - 18% ($14 trillion USD) of world's GDP
withdrawn from ATMs globally each year.
- @ColingordonNCR
Don't believe what you read on 'death of cash' - 18% ($14 trillion USD) of world's GDP
withdrawn from ATMs globally each year.
- @ColingordonNCR
Winning fintechs will realize that to scale, they need to partner with banks & winning banks will partner with FinTech.
- Marc Lien, Lloyds Banking Group
The Internet, born in 1969, was ugly, chaotic, promising in 1995. Bitcoin, blockchain, and
distributed ledgers feel similar today.
- Bradley Leimer, Santander Bank
I think it's (mobile payments) a game people are playing but no one is in the stands or cares enough to watch the telecast.
- Dan Kimerling, Silicon Valley Bank
Tellers are sellers for digital.
- Doug Brown, FIS
South Korea has 1m Samsung Pay customers spending $100m a day through
an average 100k transactions a day.
- @Chris_Skinner
There are some things that aren't great for mobile no matter how great mobile is.
- Mike Boush, Discover
@TechCrunch “Who is Satoshi, who is he?“
What makes you think it's a he?
- Barry Silbert, SecondMarket
We haven't been this excited about a tech (blockchain) since the Internet.
- Jalak Jobanputra, FuturePerfect Ventures
Having the banks come to this technology is a big endorsement of the technology itself, but not bitcoin.
- Todd McDonald, R3CEV
We have dozens of fintech unicorns today. Five, ten years from now we will have
thousands of unicorns? Highly doubtful.
- Marc Lien, Lloyds Banking Group
Enterprises who don't integrate a culture of partnership into their very DNA may fail.
- Niki Manby, Citi Ventures
If it takes more than three taps to reach any part of your product catalogue, it basically doesn't exist.
- Rich Koehler, Amazon
20% of consumers intend to switch their bank each year; only 3% do.
- Jake Fuentes, Level
Corrupt Federal Officials were caught by @Bitstamp and @venmo, not by banks.
- Dan Pantera, Pantera Capital
Younger consumers don't understand (or care) that P2P is a separate payments system.
- rahulgupta999
Let's make sure we are solving the customers' problems and not just the organization’s.
- Niki Manby, Citi Ventures
There is no reason one of the incumbents would not swipe the millions of emerging markets’ unbanked.
- @DuenaBlomstrom
True sign of innovation at #Money2020 this year. "Banker's haircut" giving way to the "man bun".
- @dapinski
MONEY 20
@sammaule
End of the road. See you next year.