In early June, David Birch was in Amsterdam for one of the biggest events of the year: Money 20/20 Europe and it was jam-packed! David was on stage twice and interviewed for various podcasts…
PayEd Payments Express
First up, David travelled to Money 20/20 Europe in Amsterdam on the PayEd Payments Express during which David and Alistair Milne delivered a masterclass on the go around the use cases for the “digital pound” in response to its initial consultation. Despite some train delays the discussion lit a fire for great communal experiential learning for those on the Express!
PayEd Payments Express
Finding DORA
David’s first session on stage at Money 20/20 Europe was to moderate a discussion with Marilin Pikaro – Director of Innovation, Conducts and Consumers at the European Banking Authority in the session: ‘Finding DORA: A deep dive’ during which they explored recent innovations from the EBA and its partners on the new regulatory framework DORA (Digital Operational Resilience ACT) which is meant to strength the IT security of financial entities.
Finding DORA: A Deep Dive” with Marilin Pikaro
Crypto and Beyond: The Future of Digital Payments
Next up, David was on stage to take part in the Money 20/20 Europe session entitled ‘Crypto and Beyond: The Future of Digital Payments’ alongside Myles Stephenson of Modulr and Sendi Young of Ripple. The session explored what a blockchain-based payment landscape might look like and how it might alter the way people do business as well as how blockchain interacts with the latest trends in payments and finance and how they can combine to provide safe, intuitive and tailored payment journeys. Some of the key takeaways as noted by Mireale Ciobanu at Banking and Fintech:
1️⃣ Cryptocurrency is not just about Bitcoin and investments. It’s about tokenization and goes beyond that, encompassing technology and governance.
2️⃣ With our increasing online presence, payment methods need to evolve accordingly. Crypto and digital assets have ample room to reshape the way we transact in sync with our lives.
3️⃣ Blockchain’s real impact lies in cross-border payments, addressing the inefficiencies and challenges of traditional methods.
4️⃣ AI is the game-changer technology, disrupting industries in unimaginable ways.
5️⃣ Machine-to-machine payments will skyrocket transaction volumes, necessitating new payment processing rails. The future calls for innovative infrastructure to accommodate this growth.
6️⃣ Prepare for a future where payments are boring but efficient.
7️⃣ In this changing payment landscape, businesses must capture customer attention through transparency, delivering high-quality service, and providing reliable solutions.
As David put it after the panel: “Tired: Banks playing with AI. Wired: Customers playing with AI.”
Crypto & Beyond: The Future of Digital Payments
Convera podcast
Last but not least, David also found time to sit down and take part in a podcast for Convera alongside Miroslava Betinova of Griffin, and Lisa Scott of Banked where they chatted about embedded finance, brands as banks, BNPL, digital identity and the future of frictionless finance! 🎧 Listen to the episode here: https://lnkd.in/eRB4QwJZ
Convera podcast