Announcements, insights & case studies
15:50 - 16:05 David & Goliath: An alternative ending banks' greatest strengths (their size, scope and scale) can complicate the delivery of new capabilities
Collaboration with FinTech startups can be the path to creating next-generation services for global banks. When Bank of America Merrill Lynch needed to move quickly to accelerate innovation, they sought a unique partnership with a fast-moving, rip-roaring startup, Modo. In this session, the proverbial David & Goliath will discuss the early stages of their initiative to enhance the Bank’s Digital Disbursements platform using Modo’s COIN technology and share their vision for a more connected payments ecosystem.
16:05 - 16:15 Innovating money: From purpose to means
SamenDoen is a community currency programme in the Dutch Municipalities of Tholen and Bergen op Zoom, and rolling out in NL/BE. Residents, local government, local associations, and independent shopkeepers and entrepreneurs co-created this programme that engages people to support their local community through the introduction of a local currency. The project employs a carrot rather than a stick approach, delivering true impact for all stakeholders individually and the wider community. Qoin has designed the SamenDoen concept, which is self-funding and profitable, developed the business concept and entire IT infrastructure including the NFC payment system, the marketplace and direct marketing and communication features.
16:15 - 16:25 World’s first Blockchain based bank account
Bitwala are bridging the worlds of blockchain and banking, launching the world’s first blockchain-based bank account providing access for Bitcoin users and businesses to send multiple currencies all over the world. Bitwala's new API offers direct access to traditional banking systems for all blockchain companies around the world.
16:25 - 16:40 Alternative approaches to industry issues
With decades of payments experience, the core team at Veem built a solution -- online bank-to-bank business payment platform that enables businesses to send funds to over 60 countries simply with an email address. Small businesses could send payments in seconds without the friction and the fees of bank wires. Paying suppliers / contractors around the world gets to be as simple as paying for coffee at a local store. Marwan Forzley will cover a series of case studies from comparing businesses that have used both bank wire and Veem’s multi-rail platform for international payments.
16:40 - 16:55 Monese announce a major product launch
Monese enables anyone to open a banking account in as little as 120 seconds, without the residency restrictions or credit checks imposed by traditional banks. The company was set up after the founder's first-hand experience of the hassle involved with opening a bank account in a new country. Monese are proud to make the biggest product announcement in their history at Money20/20 Europe.