Next Money: Future of Banking Comes to NYC

New York has always been one of the hubs of global finance. This week, it’s the place to be for people interested in innovation, technology, and the future of banking. Next Money NYC is taking place today at New York Law School.

Next Money’s status is well known: it hosts many of the most progressive, brightest minds in fintech.
It really does take a village; teams from Next Money and NYPAY collaborated with sponsors including BBVA, Capital One, Xignite, Customer Matrix, Consult Hyperion, and New York Law School. The ringleaders are JP Nicols, David Gerbino, Troy Morrison and others.

If you’re reading this blog from the comfort of your desk, it’s likely you’ve missed the live event. But, it is not too late to follow the action, and the aftermath, on Twitter.

This is no ordinary conference, with its NYPay/Consult Hyperion “Unconference” sessions, expert panels, and the BBVA Open Talent Pitch Competition.

Here are some highlights from the agenda.

Next Money NYC Keynote Presentations:

Brett King kicked things off with a talk on “Augmented-Life in the Smart Lane”, with a preview of what to King Next Moneyexpect in a future ruled by technology.

I enjoyed Brett’s book on the topic, and highly recommend you tune into his regular Breaking Banks podcast.  

DaBirch Next Moneyve Birch closes out the event with “What Does Identity on the Blockchain ReallyMean?” The question is not if blockchain will transform financial services, but when.

I, for one, see the great potential, but I’m concerned that recent events with Ethereum and The Dao have poked holes in the seeming infallibility of blockchain. Can blockchain technologies deliver on the promise of transparency, knowing who is really on the other end of that transaction? In addition to his industry expertise, Dave is known to be a witty and entertaining speaker, so there’s a lot to look forward to here.

Next Money

Update: Visual notes from Brett’s keynote earlier in the day

Expert panel discussion topics include FinTech Future Trends and Innovating in a Heavily Regulated Environment. A couple of the speakers include the always insightful Penny Crossman from American Banker and NY Law School’s Houman Shadab.

The BBVA talent finalists include:

  • Precognitive Inc. (USA) – A platform with a multidimensional approach to fraud detection using device intelligence and behavioral analytics.
  • Keychain (Singapore-Japan) – Decentralized Authentication Platform for finance, IoT, and
    enterprise sectors. Integrates with existing systems and processes.
  • Trupay (India) – A mobile app that enables person-to-person payments or payments to merchants
    using only mobile numbers. Can simplify the payment process safely and easily.
  • Crowd Process (USA) – Machine learning brought to the credit risk department to avoid bad loans, saving time and money. Voted the top European FinTech.

As usual, NYC will be buzzing this week with new ideas!

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For the latest on fintech and innovation, follow us on twitter @beyondthearc.
Also check out the Twitter hashtag #nmnyc16

 

 

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