The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20.
The Biometric Superheroes of Money20/20 Europe
All of the biggest FinTech news of the summer landed last week in Copenhagen, where we reported live from Money20/20 Europe 2017. Year after year Mobile ID World and our sister site FindBiometrics have helped bring biometrics to the Money20/20 events around the world, and it’s from that ground floor perspective that we’ve seen financial ID undergo dramatic change. This year, biometrics had a heroic presence both on the conference’s many stages and the exhibition floor, boosted by the conference’s Comic-Con inspired theme.
The pantheon of biometrics thought leaders – including FindBiometrics & Mobile ID World President Peter O’Neill – demonstrated at Money20/20 Europe, that the future of payments is biometric, that public perception of new technologies is paramount, and that the best way to defeat the evil forces of fraud is through strong authentication via the power of biometry.
The Advent of the Biometric Card
This first half of 2017 has been filled with landmark moments in the rise of biometric payment cards, and at Money20/20 Europe we saw the trend continuing to gain momentum. Early in the conference we caught up with IDEX CEO Hemant Mardia for an exclusive audio interview that dealt heavily with the subject of biometric payment cards.
IDEX is supplying the fingerprint sensors for the famous biometric Mastercard that received a successful trial earlier this year. Underlining the reality of the next-gen cards, on the exhibition floor, IDEX’s flexible sensors were being demonstrated by a major European card integrator.
IDEX isn’t alone in enabling the biometric smart card revolution. OT-Morpho, which provides software on the aforementioned fingerprint-scanning Mastercard, officially announced its biometric payment card solution at last week’s Money20/20 event.
The Road to the Netherlands
While biometrics have been growing in presence consistently at consecutive Money20/20 conferences, so have the attendance numbers. In fact, Money20/20 Europe has grown so much that it is changing venues next year, from Copenhagen to Amsterdam.
“We are delighted to make the move to the Rai, Amsterdam,” said Tracey Davies, Managing Director, Money20/20. “It gives us the space we need to support the growth of Money20/20 Europe for the coming years. We have had an incredible time building the event in Copenhagen and we have loved working with the teams at the Bella Center and Wonderful Copenhagen, but this is a key move for us to accommodate the thousands of delegates, partners and hundreds of exhibitors who see this event as the essential date in their diaries.”
Kajsa Ollongren, Deputy Mayor of Amsterdam, added: “Our city has long been a pioneer in financial innovation and that tradition is still thriving as we are quickly developing into one of the world’s leading hubs for FinTech. I feel confident that the companies, talent and innovators that will attend Money20/20 Europe will further boost that development.”
See you next year in the Netherlands!
(Originally posted on FindBiometrics)