Our Experience at Money20/20 Europe 2017

End of June the balancr team had the pleasure of being in Copenhagen for Money20/20 Europe 2017. Organised for the second time, the 3-day fintech conference brought together over 4000 attendees and 200 companies from 70 countries. Making it the largest event focused on fintech in Europe — and probably the only event to have hairdressers and masseurs available for attendees.

We were excited to be attending, as this was our first time attending a Money20/20 event and also the first public event for showcasing balancr. We were looking forward to meeting lots of interesting people from the industry, getting feedback on balancr and also discovering what everyone else was working on.

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Drawing of two planets, circled by a rocket, symbolizing challenges faced by fintech companies.

What Challenges Are Fintech Startups Facing Today

In an industry which is known to be slow to adapt to current digital trends, it feels like financial technology or more commonly known as fintech, is experiencing a renaissance lately.

Fintech startups are emerging from around the world. In a previous post, we listed some from Germany worth keeping an eye on. But that only provides a snapshot of what’s happening globally and what solutions are being developed. Technologies such as blockchain, machine learning, and artificial intelligence are being used to build products that improve the customer experience for financial services.

While all of this sounds great, behind the scenes there’s a number of unique challenges when starting up. Here, we take a look at what they are based on our experience working in fintech.

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