A wide angle shot of the crowded koelnmesse halls during DMEXCO 2018

DMEXCO 2018— Our Experiences

Two Fintechies Exploring the Digital Marketing Expo and Conference

Finance — it’s tempting to think it’s all about numbers. Or about data, now that learning machines piece together profiles from customers’ digital footprints.

But that’s only one side of the coin. In equal measure, it’s about communicating with and relating to the customer. Financial service providers have to accurately address their target groups. How can numbers and data sets close ranks with words, images, and emotions?

At the Digital Marketing Expo and Conference 2018, such questions took the limelight. The conference, often abbreviated as DMEXCO, drew more than 40 000 visitors to the halls of koelnmesse, Cologne. Among them: Two software professionals from the fintech sector.

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A stylized picture of a magnifying glass looking at ID documents for KYC purposes.

Keep Your Compliance: The Fintech’s Guide to KYC

Knowing Your Customer – It’s the key success factor for any business. 

But not only sales managers and marketing agents need a good idea about who sits on the other side of the online shopping cart or B2B contact form.

KYC, meaning Know Your Customer, is as much a regulatory requirement for fintech companies and financial institutions. After all, laws oblige them to verify the identities of their clients. The goal: Prevent fraud and constrain the service access of users, who don’t fulfill certain standards of credibility.

But Know Your Customer policies are not just boundaries. They also act as competitive factors. KYC yields insightful data on one’s own services and customers.

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Steve Wozniak and Nuno Sebastiao talking on-stage during the Money20/20 Europe 2018 Conference

Our Experiences at Money20/20 Europe 2018

Going to the circus — hard to imagine a more vintage pastime these days.

The digital infotainment industry compels our attention easily, where daring trapezists or wisecracking Augustes would struggle.

The organizers of Money20/20 Europe 2018 didn’t shy away from the contrast. Proclaiming the Greatest Fintech Show on Earth, they paired digital finance with fin-de-ciècle circus arts.

From 4th to 6th June, international fintech and banking companies rolled up in Amsterdam, the new partner city of Money20/20 EU. Among them: A small delegation of invaders from planet trimplement

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A stylized smartphone showing an different emoney business options, from governmental to payment applications

Building Your Own Emoney Online Business

Prospects and Challenges

In the modern economy, digital payment processes have become a key business factor. Electronic money is transferred across virtual wallets all over the globe at second intervals — or even quicker. Who can build and innovative emoney business quickly, can carve out a niche for themselves.

“Fast-pacedness, however, is not the only reason behind the rise of ewallets and payment software. Profitability also plays a huge role. According to statistics by McKinsey, shifting their customers from traditional offline to digital accounts can save an enterprise up to 90 percent in service costs. Consequently, mobile and online payment solutions are in high demand. In 2016 the Statista Digital Market Outlook predicted an increasing growth rate for the mobile payment sector. 63% within 5 years, to be exact.

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A rocket stands on an orange planet next to a flag displaying the number H66, the number of the trimplement booth at Money20/20 Amsterdam 2018

On Our Way to Amsterdam: Money20/20 EU 2018

Every year Money20/20 conferences come to fintech cities all over the globe. Those events rank among the most important get-togethers for the finance and digital payment market. Stage talks by the who-is-who of the industry, networking areas and business opportunities with more than 1500 international companies — that’s how Money20/20 Europe will be like this year, taking place at the RAI in Amsterdam from June 4th to 6th.

And we will be at Money20/20 Europe as well!

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A lamp shining on an open book and revealing the writing '8 Must-Read Books for Fintech Founders'

8 Must-Read Books for Fintech Founders

Fintech books? Are they really a thing?

Modern financial technology is inextricably linked with the Digital Era. Mobile payment, personal finance management, and cryptocurrency trading are major application fields of fintech startups.

Thus it’s only fitting that the fintech community relies on the internet for exchanging views on the topic, too. There are fintech news platforms like Finextra or Financial News. Networking communities like Holland Fintech and meetups like Finfinity invite people to share their insights. Blogs centered around experts like Chris Skinner react on developments on short notice. It’s obvious: In-depth knowledge of financial technology is readily available and easily found online.

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The stage of Money20/20 Asia 2018

Singapore, Fintech City: Our Experiences at Money20/20 Asia 2018

Global finance is not measured in Dollars and Euros only. The Asian Nations are driven to take the lead in technology. They invest in artificial intelligence and robotics, in fintech and mobile payment. Backed by vast economies like China, India, and Japan, Asia will play a major role in the financial area. A clear sign of this growth is the existence of financial conferences popping up all over the Pacific Area. Money20/20 Asia 2018 is the most recent addition to this well-filled list. 

We have already spoken about two of them here: Hong Kong Fintech Week and the Singapore Fintech Festival showed us what’s on the horizon for Asian finance.

But we wanted to make it three — only fitting to our company name of trimplement.

In March 2018 we attended the very first Money20/20 Asia conference at the Marina Bay Sands in Singapore. And it was quite different than our two other trips to this part of the world.

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A big predatory fish facing a school of small predatory fishes, symbolizing the system architectures monoliths and microservices, respectively.

Monoliths or Microservices? A Comparison

Which Architecture Fits Your Business Best?

It’s a question no company hosting their own app or software program can avoid: Microservices or monoliths? Which system architecture shall it be? 

Skimming through the world wide web of tech talk, you might notice a distinct tendency: The Monolith seems to have fallen out of favor in behalf of microservice SOAs. But there are counter voices, too. They point out that microservice architecture comes with its own set of problems.

But what are the specific advantages and disadvantages of microservices and monoliths? First and foremost it’s all…

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Paris Fintech Forum 2018 — Our Experiences

Paris goes by many names. It has been called the City of Love.

It has been called the City of Lights.

And recently, it has been called the City of Fintech. And not without cause. From January 30th to 31st, the centre of Paris became the stage for the annual Paris Fintech Forum, hosted by Altéir Consulting. Being a fintech service provider ourselves, we spent two busy days at the conference. There, we met a multitude of people from all walks of the industry. But what was Paris Fintech Forum like?

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The conference room of the Next Generation Payments 2018 conference

Next Generation Payments 2018 — Our Review

What will the next generation of payment look like?

Tough question. But one that needs to be answered by the banking industry. Ever-accelerating technological advancements call for more flexibility on behalf of banks and financial institutions. For the 6th time, the German banking community Bankingclub GmbH has explored this topic at their annual Next Generation Payments conference. The conference took place from January 24th to 25th in Cologne.

As developers of emoney and virtual account management software such as CoreWallet and balancr we didn’t let the chance slip to attend. What we got: Two days of interesting presentations and networking well-worth a detailed conference review.

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