Here's what's hot and what's not in fintech right now
- At Money 20/20 in Amsterdam this week, business-facing fintechs like Airwallex, Payoneer, and ClearBank were all the rage, while consumer apps such as Revolut were nowhere to be found.
- The area that drew the most hype from Money 20/20 attendees was artificial intelligence, with fintech and banking leaders looking to harness the technology's potential while assessing the risks.
- Several fintech executives CNBC interviewed spoke of how they're not interested in launching products tailored to crypto as the demand from their customers isn't there.
Fintech executives descend on Amsterdam for the annual Money2020 conference.
AMSTERDAM, Netherlands At last year's Money 20/20 Europe's marquee event for the financial technology industry investors and industry insiders were abuzz with talk about embedded finance, open banking, and banking-as-a-service.
As nebulous as these terms may be, they reflected a very real push from tech startups, including the biggest names in the business such as Stripe and Starling Bank, to allow businesses of all stripes to develop their own financial services, or integrate other firms' products into their platforms.