Name: Fintech Insights - What's hot, what's not at Finovate Europe
Uploaded: 2024-03-14T14:03:11.759Z
Duration: 356.36
Description: Fintech Insights finds out whats hot and whats not in the fintech industry at Finovate Europe 2024 from speakers Andrew Vorster, CEO at Innovation Catalyst, Solenne Niedercorn-Desouches, Independent Director, Host at Finscale and Suraya Randawa, Head of Omnichannel Experience at Curinos.

Whats Hot or Not_v4_1.mp4

Whats Hot or Not_v4_1.vtt

ENGLISH

{{00:00:15}}
Smoking hot.

{{00:00:17}}
It would be crazy not to say
that AI is not hot at the moment.

{{00:00:21}}
It's the hottest thing out.

{{00:00:23}}
So smoking hot on fire, ai, it
is hot, so it has potential.

{{00:00:29}}
to really transform the customer
experience, to really provide true

{{00:00:33}}
conversationality, to be a pilot
for users when they're trying to

{{00:00:37}}
apply for a new financial product.

{{00:00:40}}
There's a lot of potential, both at
the front end, as well as the back end.

{{00:00:45}}
Hot, very hot.

{{00:00:46}}
I believe it's going to be a huge trend
in the coming years when I see all the

{{00:00:51}}
companies in the FinTech area that are
developing AI tools to support Cuban

{{00:00:57}}
players like insurance companies.

{{00:00:59}}
I believe it's very hot.

{{00:01:06}}
Hot hot, So it's now the
spring, crypto spring.

{{00:01:10}}
So I believe and we've seen that
the Bitcoin now, the price of

{{00:01:15}}
the Bitcoin is huge right now.

{{00:01:18}}
And I believe there are
so many initiatives.

{{00:01:20}}
So I believe it's rather not only crypto,
but rather blockchain that is very hot.

{{00:01:25}}
Too hot.

{{00:01:26}}
Crypto I think is it's very interesting.

{{00:01:30}}
However it's too hot.

{{00:01:32}}
It's hot money.

{{00:01:33}}
It's also Making the earth hot.

{{00:01:37}}
If you're thinking about the fact
that it uses the same amount of energy

{{00:01:41}}
as all the bath water in England,
there is there is there are concerns

{{00:01:47}}
over the environmental impact.

{{00:01:49}}
On the other side, blockchain,
that's still very, hot.

{{00:01:53}}
For me, not.

{{00:01:55}}
Not hot at all.

{{00:01:57}}
Buzz within the serious financial
services community, appetite

{{00:02:01}}
have waned completely on crypto.

{{00:02:04}}
There just isn't much
interest in it at the moment.

{{00:02:07}}
CBDC's, yeah, interest, but no, not hot.

{{00:02:19}}
Not hot.

{{00:02:20}}
Come on.

{{00:02:21}}
Ah, you even see industry
reports, searches.

{{00:02:27}}
on Metaverse have all
plummeted completely.

{{00:02:30}}
There was a minor spike a, what's
it now, a year or two ago, but since

{{00:02:36}}
then I think Metaverse is just full
of virtual tumbleweeds right now.

{{00:02:40}}
Keep an eye on it, but not hot, not now.

{{00:02:43}}
Not priority.

{{00:02:45}}
Not.

{{00:02:47}}
There still needs to be convincing to
the broader set of consumers in terms

{{00:02:52}}
of having a zoned in view of your life.

{{00:02:55}}
So I think the potential perhaps of
what we see with Apple Vision in terms

{{00:02:59}}
of bringing more of the real world
in could make it a little bit hotter.

{{00:03:04}}
But I think right now, we are
awaiting to give that more direct

{{00:03:09}}
connection to the real world.

{{00:03:18}}
But, of course there are many initiatives
at board level to enhance the knowledge

{{00:03:23}}
of all the board members of the
companies in financial sectors because

{{00:03:27}}
there are a lot of frauds and a lot of
scams, and there are a lot of impact

{{00:03:32}}
for those companies, so they need to.

{{00:03:35}}
And again, there are a lot of
new initiatives in Intratech in

{{00:03:40}}
cyber insurance that I closely
follow, with companies like

{{00:03:45}}
Stoic that I really like a lot.

{{00:03:47}}
Very hot.

{{00:03:49}}
The amount of funding.

{{00:03:51}}
Fraud, account takeovers, impersonations,
and on the grander scale in terms of

{{00:03:58}}
cyber security, even from a, national
perspective, this is a very hot topic.

{{00:04:04}}
There are great concerns.

{{00:04:05}}
It's actually creating a lot
more friction potentially.

{{00:04:09}}
in account openings.

{{00:04:12}}
This is something that's a big
concern for consumers as well as

{{00:04:16}}
for financial services providers.

{{00:04:19}}
Hot.

{{00:04:20}}
Very hot.

{{00:04:22}}
As a matter of fact, I don't
even put that into hot or not.

{{00:04:25}}
I put that as table stakes.

{{00:04:26}}
Cybersecurity absolutely required
to maintain trust and reputation.

{{00:04:33}}
It's a given.

{{00:04:34}}
Top priority according to
latest analyst reports.

{{00:04:38}}
of pretty much all
financial services CEOs.

{{00:04:40}}
Hot

{{00:04:49}}
again.

{{00:04:50}}
Very interesting.

{{00:04:51}}
What I believe is hot in embedded
finance is all the, initiatives

{{00:04:57}}
around Web3 because you have a
banking as a service solution that

{{00:05:02}}
are developed for the Web3 area.

{{00:05:05}}
But I believe it's also not hot because
you have a lot of, companies that are,

{{00:05:13}}
struggling for the moment and there
was a lot of competition in the area.

{{00:05:17}}
So I believe it's not
hot also in that sense.

{{00:05:20}}
Embedded finance is hot and I
do think will get a lot hotter.

{{00:05:26}}
Opportunities and use cases are now
only just beginning to, really take

{{00:05:32}}
hold and take foothold whereby.

{{00:05:35}}
People are bringing banking where
and when their customers need it.

{{00:05:41}}
And that I think is crucial.

{{00:05:43}}
They're becoming more relevant to
people without actually being in

{{00:05:47}}
their face through embedded finance.

It would be crazy not to say
that AI is not hot at the moment.

So smoking hot on fire, ai, it
is hot, so it has potential.

to really transform the customer
experience, to really provide true

conversationality, to be a pilot
for users when they're trying to

There's a lot of potential, both at
the front end, as well as the back end.

I believe it's going to be a huge trend
in the coming years when I see all the

companies in the FinTech area that are
developing AI tools to support Cuban

Hot hot, So it's now the
spring, crypto spring.

So I believe and we've seen that
the Bitcoin now, the price of

And I believe there are
so many initiatives.

So I believe it's rather not only crypto,
but rather blockchain that is very hot.

If you're thinking about the fact
that it uses the same amount of energy

as all the bath water in England,
there is there is there are concerns

On the other side, blockchain,
that's still very, hot.

Buzz within the serious financial
services community, appetite

There just isn't much
interest in it at the moment.

Ah, you even see industry
reports, searches.

on Metaverse have all
plummeted completely.

There was a minor spike a, what's
it now, a year or two ago, but since

then I think Metaverse is just full
of virtual tumbleweeds right now.

There still needs to be convincing to
the broader set of consumers in terms

So I think the potential perhaps of
what we see with Apple Vision in terms

of bringing more of the real world
in could make it a little bit hotter.

But I think right now, we are
awaiting to give that more direct

But, of course there are many initiatives
at board level to enhance the knowledge

of all the board members of the
companies in financial sectors because

there are a lot of frauds and a lot of
scams, and there are a lot of impact

And again, there are a lot of
new initiatives in Intratech in

cyber insurance that I closely
follow, with companies like

Fraud, account takeovers, impersonations,
and on the grander scale in terms of

cyber security, even from a, national
perspective, this is a very hot topic.

It's actually creating a lot
more friction potentially.

This is something that's a big
concern for consumers as well as

As a matter of fact, I don't
even put that into hot or not.

Cybersecurity absolutely required
to maintain trust and reputation.

Top priority according to
latest analyst reports.

of pretty much all
financial services CEOs.

What I believe is hot in embedded
finance is all the, initiatives

around Web3 because you have a
banking as a service solution that

But I believe it's also not hot because
you have a lot of, companies that are,

struggling for the moment and there
was a lot of competition in the area.

So I believe it's not
hot also in that sense.

Embedded finance is hot and I
do think will get a lot hotter.

Opportunities and use cases are now
only just beginning to, really take

People are bringing banking where
and when their customers need it.

They're becoming more relevant to
people without actually being in

FinTech Futures

Fintech Insights

Expert Insight

Fintech Insights finds out whats hot and whats not in the fintech industry at Finovate Europe 2024 from speakers Andrew Vorster, 
CEO at Innovation Catalyst, Solenne Niedercorn-Desouches, Independent Director, Host at Finscale and Suraya Randawa, Head of Omnichannel Experience at Curinos.