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?

Read More
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.

Read More
A drawing of a wallet which is digitally connected to internet of things devices like smart cars or fridges

All the Smart Things — Fintech, Blockchain and the Internet of Things

If the rooms had ears and the furniture had mouths … oh, how would they slander about our habits behind our backs?

Well, they can already talk to us for once: Voice-controlled assistant devices like Alexa and Siri inhabit our private spaces just now. And we can easily picture them having a conversation with each other, too (even though it would be a funny one for sure). But what if our clock radio told our food processor to get that smoothie ready, for we are about to leave for work? Or our watch told our bathtub to run us a remedial bath because we’re leaving our workplace with the first stirrings of a common cold? And think of a fridge, buying food articles once it runs out of them, using its own ewallet…

That’s where we enter the domain of the Internet of Things – a domain ripe with opportunities for fintech companies. 

Read More
A flying rocket leaving the fintech year 2017 behind, thus symbolizing an end-of-year-review

Looking back: An End-of-Year Review for Fintech 2017

You know you had it coming.

Your calendar told you well beforehand: This year is going to end soon. Which means the symptomatical end-of-year reviews are springing up all over the place.

We’ll contribute. While waving farewell to the old year, we’re looking back on our last 12 months of business. What did we experience? What did we achieve? And, looking at the whole picture, how has the fintech industry been holding up in 2017?

It will be a fintech end-of-year review featuring balancr then. Here are our highlights of 2017:

Read More
A number of signs displaying the words InsurTech, RegTech, WealthTech, PensionTech, and PropTech

Beyond FinTech — 5 *Techs That Shake Up Their Industries

FinTech does not always equal FinTech. The number of digital tools and technological advancements rejigging the financial sector would go beyond the scope of this article. If there is one thing that is true about most FinTech solutions, it’s their focus on “personal finance”. FinTech software often allows users to manage their finances on their own. He doesn’t need an intermediary anymore, such as a human advisor or a bank — although a robot advisor could still be thrown in.

Yet, when looking at the vast variety of technologies and software applications, one thing becomes clear: FinTech has quite a few peers running the show. They are *Techs in their very own right.

Let’s take a look at what we have:

Read More
An ewallet, placed in between several stored-value powered apps, running on the foundation of CoreWallet

Use Case: Using CoreWallet for Stored Value Transaction Systems

Modern life can in many ways be broken down into a series of transactions. We give something, like information, money or services, and we get a corresponding value in return. In that regard, time really is money. And so are stored values like virtual assets, loyalty points, kilometers driven and hours of usage.

Effective stored value management has become an important factor for online and offline businesses – all the more as customers interact with stored value systems on a daily basis too. 

Read More
An electric brain in a jar, symbolizing artificial intelligence and robo-advisory, from which currencies and financial assets branch off

Robo-Advisory, Fintech and AI

Looking around the world, we can see a growing interest in the application of artificial intelligence, especially in financial services. Major fintech events like the Money20/20 US and the Hong Kong Fintech Week gave it the pole position, inviting machine learning experts and futurists to debate it before giant audiences. That said, the practical application of AI in fintech is not a dream of the future, but a present reality.

Robo-advisors, using artificial intelligence to analyze data and manage a user’s portfolio accordingly, have been around for a while in the financial industry. They promise easy accessibility and less need for human interaction, thus providing services at reduced costs. One step further and we enter the domain of trading bots. Such bots make actual business decisions based on previously accessed market data and gainings while circumventing human errors.

But how far have we come already? Let’s take a look.

Read More
One of the stages of the Singapore Fintech Festival 2017.

All Eyes on Asia — The Singapore Fintech Festival 2017

The rise of Asia — that is one of the more cited prospects when it comes to finance and technology. It is well justified. In less than a decade many Eastern nations established themselves as counterpoints to Silicon Valley. Undoubtedly, they will play a major role in the future of fintech. And to display a prospect of said future, fintech conferences spring up all around the continent.

Aside from China, where conferences like the Hong Kong Fintech Week and next year’s Money 20/20 China take place, Singapore stands out as one of Asia’s biggest fintech hotspots. The city-state did not only issue a new innovation hub in the heart of its business district. It holds the Singapore Fintech Festival as well. Luckily, we had the chance to experience the event — and we returned highly impressed.

Read More
A stage view of Money20/20 US 2017

Money20/20 US 2017 – 3 Days of Fintech

It’s been four months since we had attended the Money20/20 Europe convention in Copenhagen. It was the first time we brought balancr to the attention of an international audience. Looking back at positive experiences there, we felt ready to take a leap forward. It was a leap across the Atlantic Ocean. From October 21st to 24th, we were present at the Money20/20 US. At our own booth, we had the opportunity to introduce our product balancr to a new base of clients. In short, it has been a unique experience for us, but we won’t spare you the details, of course.

Read More

Hong Kong Fintech Week 2017 – Our Experiences

When one thinks of fintech, Wall Street and Silicon Valley immediately come to mind — and maybe even Las Vegas. However, we should not overlook other places where innovation in financial technology is happening right now — happening big, that is. One such place is China, and this clearly showed during the Hong Kong Fintech Week. Attending it, we had the chance to gather interesting insights into the Asian fintech sector, spending 4 days with exciting pitches, thought-provoking keynotes, and extensive networking. So, here’s Hong Kong Fintech Week, an experience report.

Read More