Money20/20 Europe Day Two

On Wednesday 7th June, we watched determined startups pitch their way to the final of Europe's Got Access for their chance to receive a $100,000 uncapped SAFE note by Commerce Ventures, as well as experiencing the first Startups Session where businesses were given an intimate opportunity to share their business ventures with supporting media outlets.

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Here's a roundup of the highlights from Day 2:

• The afternoon started with a session on carbon removal on the Ecore stage. Nan Ransohoff, Head of Climate at Stripe, leads Frontier, a $925M advanced market commitment to accelerate carbon removal, founded by Stripe, Alphabet, Shopify, Meta and McKinsey. During the session, Nan and Mayowa Kuyoro, Leader of Africa Fintech at McKinsey, discussed the challenges of carbon removal and opportunities for fintech startups to get involved. ‍

Nan Ransohoff, Head of Climate at Stripe: “There’s a 7x increase in carbon removal among companies who are clients in three years. You can think about what your business is uniquely equipped with to facilitate decarbonisation.”

• On the Summits stage, Chalapathy Neti, Head AI CoE at Swift, Mariana Gomez de la Villa, Innovation Lead at ING, Jon Ander Beracoechea Alava, Advanced Analytics Discipline Head at BBVA, joined ​​Malcolm DeMayo, Global VP Financial Services at NVIDIA, to discuss how banks and fintechs evaluate generative AI, which applications they embed with AI first and why waiting to invest is not an option.

Chalapathy Neti, Head AI CoE at Swift: “Key point is - people forget these models are made with massive amounts of data. Without data you cannot build the model.”

• Last year, Money20/20 Europe brought together an emotive panel of speakers who were able to speak about the very real and dangerous situation that was unfolding in Ukraine. Twelves months on, Don Ginsel, CEO of Holland Fintech, Jess Turner, EVP, Global Open Banking & API at Mastercard, Misha Rogalskiy, Co-founder at monobank and CEO and Co-Founder at Neofin, came together to share their experience of working amidst the unprecedented challenges and entering new markets.
• We also had the opportunity to hear from the Minister of Digital Transformation of Ukraine in a virtual video, where he shared the progress Ukraine has made in terms of technological advancement in light of unprecedented challenges. 
  

“No matter what, we stay resilient and keep going. Being a tech-advanced country gave us a unique opportunity to operate under conditions of a full-scale invasion,” said the Minister of Digital Transformation of Ukraine.  

“We already have well-developed digital infrastructure, especially in terms of fintech. Mobile banking, virtual credit cards, and online payments, Ukrainians have mastered using them on a daily basis. And we as the government pushed this process even further. After the introduction of digital signatures, there was a boom in opening bank accounts online. For Ukrainian citizens, it takes only a few clicks to do so.”

“For Ukraine, innovation and technology must become the foundation of our recovery. We have a big vision for it, but we need support already. Invest in Ukraine now, try Ukraine now, we are the best ground for all kinds of products and solutions. Let’s build the future together.”

• During lunch, Money20/20 hosted a Startups Lunch Session where it unveiled six of the most promising companies at the show this year, with attending media having the chance to meet their representatives:
  

• KYP CEO, Alan Nagle: KYP looks at holistic business risk, smart data regression models and unique visuals to ensure investigator reviews are simplified.

• Zing Cover CEO, Matt Nunney: Zing is a fast-scaling, advanced insurtech backed by leading global insurers. Zing

• Truvity Founder, Denis Nagy: Truvity offers simple APIs that simplify the complexity of digital wallets, enabling seamless document exchange and fact verification.

• Zumo’s Marketing Director, Amelie Arras: Zumo, a crypto as a service offering embedded Crypto Solutions.  

• Conduit’s VP Global Partnerships: Conduit helps financial platforms connect their customers with crypto products using One API for DeFi

• Klearly Co-Founder and CCO Geus Walder: Klearly application that allows users to receive payments directly on their phones

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Announcements 

See below a few announcements that grabbed everyone’s attention on Day 2:

• Rabobank: Instalment payment solution of Rabobank and in3 recognised as a finalist
• Zilch: Zilch opens its revolutionary ASPN to third parties across the globe – advancing a multi-trillion-dollar payments and advertising marketplace
• Fiat Republic: Bitstamp partners with Fiat Republic’s to offer clients access to instant fiat and crypto liquidity
• FIS: Jifiti and FIS Work Together to Deliver Comprehensive End-to-End Embedded Lending Services to Banks, Financial Institutions and Merchants
• LoopingOne: LoopingOne has raised €2M Seed Round Funding to Revolutionise Marketplaces with Onboarding and Payment Solutions
• Billie: Mollie and Billie Launch Pan-European Partnership

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Day 2 of Money 2020 Europe 2023 continued the conference's tradition of offering valuable insights into the future of finance and fostering meaningful connections within the industry. Attendees left the event equipped with fresh perspectives, innovative ideas, and a deeper understanding of the trends shaping the fintech landscape.

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For all announcements and highlights from Day 1 and 3 of Money20/20 Europe, head over to all Gadgette social media platforms.