money2020 2015 day three highlights

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withdrawn from ATMs globally each year.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withdrawn from ATMs globally each year.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.