Money20/20 Europe — The Old World Is the New World of Payments

Money20/20 Europe — The Old World Is the New World of Payments

This IDC Market Note covers the Money20/20 Europe conference held in Amsterdam in early June. It offered attendees a valuable three days of content, discussion, networking, and professional development. The main topics included fintech, regulation, and open banking. This year's European event also had the benefit of following closely on the heels of the implementation deadlines for the European Union's PSD2 and GDPR, two European regulations that will certainly affect financial services for some time."Financial services is moving quickly toward an era of open banking pushed along by regulations like PSD2," said James Wester, research director, IDC Financial Insights. "Money20/20 Europe gave professionals in the payments and banking an opportunity to discuss the direction of the industry."