Money 20/20 had a lot to offer in 2019!
From October 27-30 (when we also paid a visit to HLTH 2019), more than 10,000 attendees gathered from all parts of the money ecosystem: financial institutions, community banks, fintech companies, and payment providers.
Vynyl caught up with old and new friends in digital lending and banking.
The expo hall was the #1 way to get the pulse of our customers and the marketplace, and it did not disappoint. New developments in AI engines, data visualization, and information security sparked conversations on how to deliver new solutions to our clients.
Hot topics in this year’s presentations ran the gamut from data security to banking issues in the emerging cannabis market. Of particular interest to the Vynyl crew was a panel discussion “AI in Credit: How to Recession-Proof Lending” between Agus Sudjianto of Wells Fargo, Ray Duggins of Octane Lending, Sara Breyfogle of Discover Financial Services, and Pankaj Kulshreshtha of Scienaptic. They discussed how richer and more easily available consumer data combined with AI affects decision-making in credit administration.
Evans Munyuki, chief digital officer from Emirates NBD also addressed AI in a fireside chat with Krešo Žmak from Infobip and Mike Sigal of Upside Partners to explain how Emirates is leveraging technology partners like Infobip to stay ahead of the competition and build “the bank of the future.”
Security was another hot topic at Money 20/20 this year. There were several presentations on cybersecurity issues, including talks on the value of personally identifiable information (PII) online, and a discussion between Chris Reid and Ryan Patel titled “You are the Weakest Link: Why Cybersecurity Is Everyone’s Issue.” They discussed amazing stats about the numbers of new devices being connected—127 per minute, according to one report—and the ramifications for digital security of such widespread proliferation of connected devices and digital data. The discussion highlighted the increasing cybersecurity risks for businesses of all sizes, and explored new strategies for combating the problem.