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:

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An image of an ewallet in between symbols for three use cases for stored value transactions: A smartphone with a chat app, a forklift rental and a public library

Use Case: Using balancr 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.

Before online access was vastly available, tracking such values was synonymous to dragging paperwork. Software experts gave us Excel, of course. But despite its name it has done very little to elevate us above the need for paper copies.

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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.

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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.

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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.

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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.

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The city of Las Vegas by night with writing stating balancr is going to Money20/20 US 2017.

balancr at the Money20/20 Conference

Please note: Money20/20 US 2017 is now over, the balancr team is back. Find our review of the event HERE.


The City of Lights becomes the world capital of fintech — and balancr will take part.

From October 22 to 25, the balanc team will attend the Money20/20 at The Venetian in Las Vegas. If you are involved with the financial industry, you likely will have marked that date already: The Money20/20 convention is the biggest event showcasing developments in financial and payment services. As such, it brings together more than 11,000 attendees, including CEOs and leading experts from 4,500 companies and 85 nations.

We will be right where the innovation is: Meet us in Startup City, at booth S31.

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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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