Fintech is increasingly significant within mainstream financial discourse. MoneyConf, a major conference on the topic, takes place in Dublin this week. DW’s Arthur Sullivan reports from the event.
Blockchain, AI, Crypto. These are all concepts the uninitiated have quickly had to become initiated with in recent times as the world of business and finance rapidly moves into the realm of high technology.
Broadly speaking, all these new ideas and spheres come under the description of financial technology or fintech. Fintech can best be described as the broad church of new technology services which aims to compete with more traditional and conventional forms of financial services, an easy example being a cryptocurrency versus a conventional currency.
Those looking to develop a deeper understanding of a sector increasingly making headlines in the business pages could do worse than look to Dublin this week, where from Monday to Wednesday a major fintech-focused conference takes place.
MoneyConf, now in its fourth year, previously took place in Belfast and Madrid. It is organized by the same people behind the major internet technology conference Web Summit and their decision to move the conference for 2018 to the Irish capital — an increasingly significant fintech hub — followed the 2015 decision by the organizers to move Web Summit from its original Dublin home to Lisbon which prompted considerable gnashing of teeth in the Irish tech sector at the time.
Into the Ether
Although not yet on the scale of Web Summit, MoneyConf is expecting more than 5,000 attendees over the next two days, including more than 700 CEOs from most of the major players in fintech. As well as executives from relatively recently established financial companies and newer startups, there will also be a strong presence from more traditional financial services players eager to show their tech credentials, such as Goldman Sachs, Visa, Deutsche Bank and Societe Generale.
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