The morning’s first panel, Strategic Partnerships and Collaboration Between Banks and Fintechs, brought insight into what large banks look for when it comes to partnering with a fintech. The top suggestions for fintechs looking to make themselves more appealing to banks included offering scalability and using industry standards for things like data sharing.
Google’s Mike Burr took the stage next to deliver the keynote: Redefining the Approach to Mobile Security in FinTech (and why it works). Burr considered the root concern that banks struggle with when it comes to protecting Android devices. He examined the top ways data becomes exposed and how to get the tools to ensure data security for compliance needs.
The afternoon breakout stages tackled issues on topics across payments, future technology, wealthtech, and banking. These recorded panels, along with all of the content on the main stage, are available in the On Demand section of the event platform through next week so be sure to catch what you may have missed there.
Our afternoon panel, Latin America – The Future of Fintech, and the Dawn of a New Opportunity, considered the range of opportunities in Latin American markets. The group discussed that the region’s diversity makes it ripe for investors and explained how entrepreneurs are reinventing financial services at a local level.
Closing out FinovateFall 2020 was Neri Tollardo, Head of International Relations and Partnerships at Tinkoff, who spoke on how fintechs can remain profitable in a COVID-19 era. Tollardo’s address offered a ray of hope for banks and fintechs. He expressed that the path to profitability is not mutually exclusive of growth. His points of advice included embedding profitability in the culture and the organizational structure, understanding their business, investing in good talent, and searching out verticals that generate returns.
I’d like to extend a huge thank you to everyone who participated in the event, from our demo companies, to our speakers, panelists, and–of course– to our audience. We wouldn’t be here without you!
Go to Publisher: Finovate
Author: Julie Muhn (@julieschicktanz)