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Friday, July 7, 2017

This week, we're looking at what was hot at Money2020.

Artificial Intelligence and Blockchain led the discussion, as FinTech leaders from the likes of Google, Amazon and Square revealed a future of banking bots, automatic payments and financial services that truly “know us”
FinTech experts from across the globe flocked to Copenhagen to debate the future of money at this year’s Money 20/20 Europe. The world’s leading tech, financial services and business experts revealed how new technologies will fundamentally change the way we borrow, manage and spend money around the world.
The conversation continued to buzz online, with over 35 million impressions generated in just five days.
Our analysis revealed that Artificial Intelligence (AI) was the most hotly discussed topic across social media, online forums, news and blogs throughout the event. Speakers and attendees discussed a future that will involve everything from chatbots negotiating on our behalf, to the death of slow authentication processes, as technology gets to “know us” and ultimately move us towards an open, cashless and cardless society.
The show’s AI trend was boosted by news from MasterCard who announced that international bank Citi and digital payments firm Paysafe are the first to implement its new AI-based fraud solution, Decision Intelligence. MasterCard’s AI tool was the most popular piece of news from the event, out of over 150 announcements across the show – generating 685,000 impressions.
Spanish bank BBVA was the most talked about brand online following its AI-based keynote, with 1.4 million impressions.
After AI, Blockchain generated the second biggest buzz around the event, with brands including Blockchain enterprise Ripple, along with giants Samsung and Visa all enthusing about the future of the technology. This was fuelled by global tech firm IBM’s announcement that it is building blockchain technology for seven of Europe’s largest banks, including high street bank HSBC and Netherlands-based Rabobank.
The project marks one of the first real-world use cases of blockchain technology in financial institutions, leading many FinTech influencers to comment that:
Blockchain could “finally be moving away from endless proof of concepts to genuine adopters.”

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