eFintech closures its first edition
For first time in Spain, “eFintech Show” was held in Barcelona on 16 and 17 March. The conference and exhibition focused exclusively on presenting the best and most innovative technology solutions in banking and finance. The event concentrated the 30 most disruptive Fintech startups together with the most important Venture Capitals of the moment.More than twenty companies related to the sector were carried out presentations, pitch and discussion forums that were distributed in several blocks: Future Lending, Transactional Services, Blockchain, Online Investment Platforms & Financial Advise, Data Models y Data Risk.
eFintech Show had a high-level panelists such as: Raul Bartolomé, Watson Cognitive Solutions; Sonny Singh, Oracle; Francisco Sierra, Funding Circle España; Joe Cruttwell, Stripe; Felipe Talavera, Flywire; Tomas Marty, Kreditech Spain; and Javier de la Torre, CartoDB; Rodrigo Kuri; Banco Santander and Gustavo Vinacua; BBVA.
On the second day, there was a special session with Mexico as guest country. Some of the panelists were: Jorge A. Ortiz, President & CEO of the ”Asociación Fintech México” and CEOS & Founders of the mexican fintechs: NicKle, Bitso and Bayonet.
eFintech Show has already confirmed dates for the second edition: it will take place in Barcelona on the 22 -23 March 2017.
The term “Future Lending” has come as a new financing alternative to the financial sector. Consist in the financing through an open and participatory private lenders who invest in their private capital in exchange for an interest rate. Every day there are more of that kind of Fintech Startups: Crowdlending of short or long-term debt (Lending Marketplace), to invest in real-estate assets (Crowdfunding real estate), to purchase of housing (Property Crowdfunding), to invest in capital of companies (Equity Crowdfunding), to invest in responsible companies (Crowdfunding Impacting).
It is one of the fastest growing sectors by volume and number of initiatives, and could affect dangerously the finance sector since competes directly with its core-business, the loan intermediation.
Banking does not live off loans. Transactionality of their customers or “Transactional Services” is a very profitable business as is getting commissions without the risk posed by lending money. Some of the examples of business lines for finance entities are the national and international payments, micropayments, instant bank transfers, foreign exchange, wallets, physical and virtual POS.
Finance entities have wanted control them, that’s why many offers for customers were integral offers and included the credit and debit cards and direct debit payments. Besides profitability, they link customer with the entity and provide a great knowledge about themselves.
Data Models & Risk
Nowadays a great amount of information is generated daily. Every two days is generate the same amount of information that from man’s creation until 2003. The main data problem are the enormous volumes and its disorder. For this reason Big Data Analytics born, and it allows capture, manage and process the data as long ago was unimaginable. Because of that, those companies that know how to analyze that information and put it into practice may create products and services tailored and customized in real time for each customer.
These companies, among which are many Fintech startups, will be better positioned to succeed in the future since they will know the customer needs and exactly when they need it.
Online Investment Platforms & Financial Advise
Personal and private banking will face new competitors on the online asset management platform materialized in Fintech startups called “Online Investment Platforms “and” Funds Management Advisors“. They join machine-learning techniques (scientific discipline where systems learn automatically) to data processing in decision-making and to experience in asset management in order to provide advisory services in wealth management. They also allow investors to choose where to invest their money, under what strategies, what is the best kind of investment funds and conditions, which are usually very competitive.
It has arrived the “democratization of private banking,” an authentic revolution in asset management that has come to stay.
Bitcoin and other cryptocurrencies emerged as an alternative to conventional coins and the current currency system. They does not belong to no state, they hold up in a P2P protocol. They are decentralized and they do not need intermediaries, so transactions are made directly from person to person.
Besides Bitcoin nowadays it coexist more than 600 l cryptocurrencies listed.
The great disruption is on the distributed technology supported by these coins, Blockchain, by which any asset can be transferred between two users without the need of a central entity or compensation, an unparalleled paradigm change.
This financial revolution is already here and hundreds of fintechs startups, venture capital and financial institutions are committed strongly to it.
Conferences in English and Spanish
Simultaneous translation from Spanish to English
- March 16-17, 2016
- 16 Wednesday
- 17 Thursday
During 2015 the first source of revenue of Mexico have been remittances, above the oil. This creates a significant opportunity for development for large Fintech companies, much higher than in any developed country and can appear Mexican larger competitors worldwide.
Another factor is the risks management and online fraud, because in the country there is no formal mechanism to prevent fraud on credit cards. For that reason they are appearing FinTech startups with very innovative and disruptive solutions to improve security in online payments.
With the support of:
Fira de Barcelona, Hall 1Av. Reina Mª Cristina, s/n – 08004 Barcelona
- For the first time you will find:
- Elevator pitch of the 30 most searched Fintech Startups.
- The 30 most important investors and venture capital.
- Presentations of the best international Fintech experts of the moment.
- Unique space focused on startups pitch sessions and networking.
- It coincides with eShow exhibition.
Barcelona is an open and cosmopolitan city. Its openness to the world by the sea has always provided its link with other cultures, and has given it a history marked by diversity. Artistic movements of all times in the city have been given magnificent expression that has left great legacies of the Romanesque, Gothic and especially Modernism, this last represented by the genius Gaudí.
Today, the architecture continues to offer gems such as the Agbar Tower, designed by Jean Nouvel and b720 studio, inspired by Gaudí and the mountain of Montserrat. And this is only one part. Nature and the city are combined in lovely places such as the mountain of Montjuïc or Park Güell, and also other dream places that offer beaches, close to the city centre.
In recent years, Barcelona has become one of the focal points to be taken into account to capture new trends from everywhere in the world. Many artists associated with design, music, fashion, art and cinema choose Barcelona as the city to live and be inspired in.
eShow Barcelona. More than 9,000 visitors crossed the 150 stands and participated in more than 200 conferences, discussion forums on logistics, payment methods, online store creation, cloud – SEO SEM, web analytics, performance, eMail marketing – mobile marketing applications , mCommerce – Social Networks, Apis, web 2.0 – and Internet of Things.
What is eFintech Show?
The first conference and exhibition focused exclusively on present the best and the most innovative technological solutions for banking and finance. Finally together the 30 most disruptive Fintech Startups selected by an expert group in a single event. Audience: bank executives, venture capital, press, analysts, bloggers and entrepreneurs.
Why are we unique?
For the first time you will find:
Elevator pitch of the 30 most searched Fintech Startups with the most innovative and disruptive solutions of the world.
The 30 most important investors and venture capital in a global level will attend the event.
Presentations of the best international fintech experts of the moment.
Who attends eFintech Show?
eFintech is an exclusive event for technology executives of banking, finances, press, venture capital, analysts, bloggers and entrepreneurs.
More than 30% are European and Latin American executives.
As an exclusive event it is only accessible by invitation or upon payment of 350€ for the two days.
Why you cannot miss it?
You cannot lag behind: In today’s economy, the digital and technological transformation that are impacting on the financial sector is creating a new business model that allows revolutionize customer service, optimize cost structures and improve the customer experience as never seen before. Nowadays it is necessary to keep up with innovations and stand out amongst competitors. Come and find out new ideas and make new contacts that really can change your ideas or business.
Just only Financial Technology Innovation? eFintech Show is exclusively focused on the best ideas in fintech. Each participating company will inspire you and will help you to grow up.
Differentiated format: It is a unique space focused on startups pitch sessions and networking. You will have access to the leaders of the entrepreneurial and venture capital sector at national and international levels as well as the innovative conferences on a global level.
It coincides with eShow exhibition. All eFintech attendees will have free access to the largest fair of eCommerce and Digital Marketing sector, which will have more than 120 exhibitors and 200 papers.