FinTech’s, the lithe and nimble cousin of the traditional bank, are rapidly growing in reputability.
As financial operations are increasingly digitized, the prospect of storing money is no longer tied to a physical establishment with physical confines.
And while people have not been wholly dissatisfied with their bank’s handling of the pandemic (one survey reports only 5% having issues with their bank’s response efforts), 2020 saw a surge in digital banking usage.
The game that will be played out over the coming years is a competition between fintech’s and traditional banks to see who successfully adapts to the changing climate and, ultimately, who offers the better customer experience.
Startups like Revolut are solving convenience issues that have plagued banks for decades but have not yet optimized their format, causing many to remain sided with their older, brick-and-mortar counterparts.
Besides frantically exercising the refresh button of your news feed, how can you navigate these turbulent currents, stay informed and capitalize on the changing market?
While digitization has been a recurring theme of the pandemic, now more than ever, the importance of attending live events is paramount.
There is a limit to how much of the general climate one can gauge via digital channels.
The quantity of information is enormous, making it easy to miss trends, be drowned in data, and to fall prey to small-picture thinking when slouched in front of the computer screen.
Alan Jenkins of Quadrant2Design says, “Invariably, some pieces of the puzzle are left out in the digital world.
For those attempting to build a solid understanding of the market, events are an invaluable resource.”
When the restrictions are finally lifted, it may be time to drag a comb through the growth that sits atop your head and venture out to upcoming fintech conferences and seminars.
Note: many of the UK’s leading fintech events have moved online this year, even as we begin to slowly creep out from under the restrictions.
With that said, those scheduled for later in the year may well go ahead, and perhaps with limited attendance — all the more reason to stay updated and ensure you don’t miss your window.
These events will gather some of the brightest minds in fintech, and could offer insight unattainable elsewhere.
With that in mind, here are some of the most significant events of 2021.
Uk Fintech Week 2021
April 19-23 (all sessions are available online)
While this is a virtual summit, UK FinTech week will see a congregation of founders, entrepreneurs, investors, politicians, and academics that would rival any real-world event in scope.
Simply register your details to view the sessions online — this may be 2021’s best opportunity to gauge the current state of fintech.
Postponed to early June, this summit (likely to be held virtually) will assemble a cohort of banking and fintech executives, banded together under the common purpose of discussing the uncertain future of financial technology.
RegTech Summit Virtual
June 16 – 17
The implications of a changing financial sector on regulation and compliance are vast.
Firms across the globe are now employing new, advanced technologies to ensure that they are more effective in reaching compliance.
The RegTech Summit at the beginning of June will address some of the most pressing issues in this new field.
Fintech Week London at Barclays Rise
From high-street banks and tech giants to disruptive startups, Fintech Week London will be assembling a vast array of speakers and thinkers, packing a huge amount of content into a five-day event.
Money 20/20 (Amsterdam)
One slogan adopted by this event’s organizers is ‘Partner or Perish’, an indication of the view held by many leading thinkers in fintech that collaboration is the key to a successful future.
Money 20/20 assembles a vast lineup of players from fintech startups and banks to payment rails and more.
This summit is not to be missed by those seeking to gain the financial lay of the land and forge alliances.
What used to be a traditional industry based on the simple mechanic of money storage, is now an ever-changing entity affected by each new development in technology.
From AI to big data, machine learning to cloud computing, the branches of tech innovation are sprouting off in multiple directions, and financial institutions have no choice but to keep up.
Faced with this somewhat daunting prospect, the importance of attending events should not be underestimated — they may shed light on a murky, complex future.