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Payments Take Center Stage as Companies Are Becoming Increasingly Strategic About Their Alliances

Payments Take Center Stage as Companies Are Becoming Increasingly Strategic About Their Alliances

Published on: 05 Nov 2024 2 min read

Money 20/20, Las Vegas: 
Payments take center stage as companies are becoming 
increasingly strategic about their alliances

This October, Money20/20 in Las Vegas exceeded our expectations! The event was a whirlwind of innovation, collaboration, and exciting discussions. Our team was impressed by the valuable insights different speakers and panelists shared on the multiple interactive stages. We are now happy to have come home with informative perspectives on the future of finance.

We were thrilled to connect with companies from around the world. What we enjoyed most was how everyone we spoke to had ambitious technology goals and was equally passionate about putting users first. We can’t wait to see some of these connections transform into meaningful partnerships resulting in impactful solutions.

Money20/20 Las Vegas buzzed like a beehive with company representatives eager to exchange know-how within the financial ecosystem. From newcomers to industry giants, companies of all kinds looked to team up, often offering complementary services. Coupled with the rise of embedded finance, this collaborative landscape brings forward significant regulatory and compliance challenges. The interdependence of multiple companies to deliver a single financial service could easily become a compliance nightmare, with serious implications for fraud prevention, traceability, and regulatory oversight.

The event itself shone a light on a clear trend: payments, payments, payments. B2B cross-border payments, cashback solutions, and payment infrastructure were at the forefront of discussions. Now that the AI hype has peaked, we’re seeing more and more real-world use cases where AI truly adds value. Established companies often present AI as the ‘secret sauce’ that gives them a competitive edge, though whether this advantage holds up in practice remains to be seen. All eyes are currently on startups that have built AI into the core of their product from the outset. Only time will tell which of these companies are going to emerge as successful.

As always, our experience at Money20/20 was nothing short of great. The Scalefocus team left eager to share our technology and industry expertise. With over 12 years of delivering top-tier financial projects, we are always ready to connect with ambitious organizations, create impactful solutions, and hopefully change the financial landscape.

About the Author:

Velina has been writing in one way or another most of her life. In 2020, she took a leap of faith and left advertising to explore the unlimited potential of the technology world. She is interested in topics such as FinTech, Digital and Neobanking, Payments, and Embedded Finance among others. Outside of technical writing, she enjoys vegan food, films, and creative storytelling.

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