Finance of Tomorrow

We are delighted to announce that Bianca Lopes will be the emcee for Fraud Fight Club 🎉 Bianca comes to us with a world of experience across technology, banking, fintech, identity & beyond! She loves to leverage technology to execute strategies that drive meaningful conversations and change some of the most significant issues in the world, from identity to ethical data usage to the future of financial literacy. As a serial entrepreneur, she has worked for and with many global and local organizations across the world; with over 40 banks/fintechs and 8 central banks, and she sits on UNESCO Board for AI and ESG supporting Data, Privacy and Ethics. With this resume, she is the perfect choice to orchestrate meaningful conversations at Fraud Fight Club. Conversations that will cut deeper. Conversations that actually move the needle. We feel super fortunate to have her! #FraudFightClub #FFC #EmceeStarPower

Regulatory complexity in cross-border payments has long been a bottleneck, adding cost and reducing efficiency for financial institutions. Enter Project Mandala, an innovative initiative by the Bank for International Settlements – BIS Innovation Hub, which promises to reshape this landscape. 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬- 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞-𝐛𝐲-𝐃𝐞𝐬𝐢𝐠𝐧: Automated, pre-validated checks ensure compliance before payment release, reducing errors and delays. 𝐒𝐞𝐚𝐦𝐥𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧: Works with digital currencies like CBDCs and traditional platforms such as SWIFT. 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐏𝐫𝐢𝐯𝐚𝐜𝐲: Employs cutting-edge cryptographic techniques (ZKPs) to ensure security and privacy. 𝐈𝐦𝐩𝐚𝐜𝐭: From reducing compliance costs to enhancing transparency and boosting real-time monitoring for central banks, Mandala paves the way for a more unified, efficient, and secure global financial system. 👉Real-world use cases in Singapore-Malaysia and South Korea-Australia demonstrate its potential to: •Simplify sanctions screening. •Enhance capital flow management. •Support compliance across diverse jurisdictions. 👉 𝐖𝐡𝐲 𝐓𝐡𝐢𝐬 𝐌𝐚𝐭𝐭𝐞𝐫𝐬? With its modular design and interoperability, Project Mandala aligns perfectly with G20 goals for faster, cheaper, and safer cross-border payments. It's a step towards bridging the gap between traditional financial systems and emerging digital innovations. 👉 What’s Next? Further research will explore its scalability, legal frameworks, and adoption strategies. The future of cross-border payments is here—and it’s digital, secure, and seamless. How can initiatives like Project Mandala shape the future of global finance? Are we ready for compliance automation at this scale? #FinTech #DigitalTransformation #CrossBorderPayments #InnovationHub #ComplianceByDesign

Brazil’s instant payment system, #Pix, is set to launch Pix by Approximation by February 28, 2025. This feature will enable contactless payments through NFC (Near Field Communication) technology. Payment verification will be secured via biometric authentication, such as facial recognition or fingerprint scanning. Developed in collaboration with Rede Itaú, this update is a significant step in enhancing convenience and security for users. Pix has redefined Brazil’s payment landscape, facilitating over 71 million Brazilians who, before the launch of Pix, did not use electronic transactions. 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐨𝐟 𝐏𝐢𝐱 𝐛𝐲 𝐀𝐩𝐩𝐫𝐨𝐱𝐢𝐦𝐚𝐭𝐢𝐨𝐧- •𝐂𝐨𝐧𝐭𝐚𝐜𝐭𝐥𝐞𝐬𝐬 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬: Transactions are initiated by proximity, making payments faster and more convenient. •𝐁𝐢𝐨𝐦𝐞𝐭𝐫𝐢𝐜 𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧: Payment confirmation is secured using biometrics, such as facial recognition or fingerprint scanning, adding an extra layer of security. •𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐖𝐚𝐥𝐥𝐞𝐭𝐬: Pix by Approximation links bank accounts with digital wallets (e.g., Google Wallet) to enable seamless payment processing. 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬- •𝐒𝐩𝐞𝐞𝐝 𝐚𝐧𝐝 𝐄𝐚𝐬𝐞: Streamlines the payment process by removing the need for manual input or cash handling. •𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲: Combines biometric authentication with Pix's infrastructure to reduce the risk of fraud. •𝐁𝐫𝐨𝐚𝐝𝐞𝐫 𝐀𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲: Supports the growing trend of contactless payment solutions, which are increasingly popular in retail and service sectors. 𝐌𝐚𝐣𝐨𝐫 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐚𝐧𝐝 𝐊𝐞𝐲 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬- •𝐔𝐬𝐞𝐫 𝐁𝐚𝐬𝐞: Pix surpassed 153 million users, including individuals and businesses, representing 75% of Brazil's population. •𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭: Pix supports 15 million businesses and over 800 financial institutions, enabling wide-scale adoption of Person-to-Business (P2B) and B2C payments. •𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐌𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞𝐬: On Black Friday 2024, Pix processed 239.9 million transactions, totaling 130 billion BRL, reflecting a 120.7% year-over-year increase in value. 𝐓𝐡𝐞 𝐑𝐨𝐚𝐝 𝐀𝐡𝐞𝐚𝐝- Pix’s continuous evolution aligns with Brazil’s open banking initiatives, promoting scalability and inclusivity. The Pix by Approximation feature showcases the potential of technology-driven financial services to enhance accessibility, security, and efficiency. As Pix expands its capabilities, it reaffirms Brazil’s position as a global leader in digital payments and a model for inclusive financial systems worldwide. #DigitalPayments #Pix #NFC #Biometrics #Brazil #FinancialInclusion #OpenBanking #DPI #PixByApproximation

Brazil's instant payment system, Pix, continues to reshape the country's financial landscape, reaching incredible milestones this Black Friday (Nov 29, 2024): •239.9 million transactions in a single day (up 76% from last year). •130 billion reais ($21.6 billion) processed (a 120.7% increase year-over-year). What Makes Pix so significant? 1️⃣ 𝐔𝐛𝐢𝐪𝐮𝐢𝐭𝐲: In just four years, Pix has overtaken credit and debit cards as the most widely used payment method in Brazil. 2️⃣ 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧: Designed by Brazil’s central bank (Banco Central do Brasil), Pix empowers millions, bridging gaps between businesses (P2B) and individuals (P2P). 3️⃣ 𝐒𝐜𝐚𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲: With projected growth of 58.8% this year, transaction volumes are expected to hit 27.3 trillion reais ($4.53 trillion) by year-end. Why Was Black Friday Special? This year’s record-setting activity coincided with Brazil’s 13th salary disbursement, enhancing consumer spending during Latin America’s busiest shopping season. Pix’s seamless, instant payments made it the go-to choice for holiday purchases. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 Pix is more than a local success—it’s a blueprint for modern economies: •𝐈𝐧𝐬𝐩𝐢𝐫𝐢𝐧𝐠 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧: Central banks worldwide can learn from Pix’s rapid adoption to modernize payment systems. •𝐅𝐨𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧: Pix showcases how government-led digital solutions can drive financial growth and inclusion. •𝐒𝐞𝐭𝐭𝐢𝐧𝐠 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬: Its interoperability, scalability, and focus on instant payments are setting new benchmarks in global payment technology. Pix is reshaping consumer habits, forcing banks and fintechs to innovate and adapt. It represents a shift not just in payments but in how we think about financial accessibility and efficiency. Stay tuned for more updates! #DigitalPayments #Pix #FinancialInclusion #FinTech #CentralBank #Brazil #Innovation #InstantPayments #GlobalEconomy

In a major leap forward for digital payments, Brazilian digital bank PicPay has launched the 𝐏𝐢𝐜𝐏𝐚𝐲 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐭, an AI-driven solution that enables Pix payments directly on WhatsApp. This service is developed in partnership with Meta and powered by Microsoft’s Azure OpenAI Service, and transforms how millions of Brazilians manage transactions. 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐚𝐧𝐝 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬: 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐀𝐈 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧: PicPay’s Generative AI technology identifies Pix keys from various sources — text, audio, photos, and even screenshots — regardless of context. For example, it can detect a Pix key buried within a restaurant’s price list or group chat, even calculating expenses for a shared barbecue. 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐝 𝐔𝐬𝐞𝐫 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞: This tool moves beyond conventional chatbots by processing payments seamlessly without the need for app switching. Simply forward content to the PicPay Assistant on WhatsApp, and it securely completes transactions in the PicPay app with biometric authentication. 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲: The PicPay Assistant operates with end-to-end encryption and a verified account on WhatsApp. It includes Safe Mode for setting transaction limits, ensuring that users have full control over their payments. Brazil’s Pix payment system recorded over 5.5 billion transactions in September alone, a 41% increase from last year, reflecting the nation’s rapid digital adoption. The PicPay Assistant exemplifies how technology can reshape daily financial interactions, making payments as easy as sending a message. #DigitalBanking #PixPayments #WhatsApp #ArtificialIntelligence #Fintech #Brazil #PicPay #Innovation

"Data isn’t just the new gold; it’s the largest asset class humanity has ever built. It’s embedded in everything we touch and see, with the power to reshape how we value and understand the world." For me, data has evolved from mere information to the backbone of value, trust, and ethical progress. Its reach is boundless, touching every part of our lives—and with that comes immense responsibility. How we structure, own, and use data defines its impact, and ultimately, the future we’re building together. Why This Matters: 𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐚𝐧𝐝 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲: Data accountability builds trust, and in finance, this means structured data that everyone can see and own transparently. 𝐁𝐨𝐮𝐧𝐝𝐚𝐫𝐢𝐞𝐬 𝐟𝐨𝐫 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐦𝐞𝐧𝐭: As we look forward, it’s critical to create boundaries around data use to protect personal and societal values. 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐢𝐧𝐠 𝐟𝐨𝐫 𝐇𝐮𝐦𝐚𝐧𝐢𝐭𝐲: Using AI responsibly allows data to optimize for more than just profit. We’re setting up technology to serve people first. ⏳ 𝐉𝐮𝐬𝐭 𝐚 𝐟𝐞𝐰 𝐡𝐨𝐮𝐫𝐬 𝐭𝐨 𝐠𝐨! Join Me on the Money20/20 20/20 main stage today as I dive into these ideas with André Vellozo (DrumWave Inc. CEO), Michael Clark (Data Scholar, 𝐓𝐡𝐞 𝐍𝐞𝐱𝐭 𝐓𝐡𝐢𝐧𝐠𝐬 𝐋𝐋𝐂), and Brittany Kaiser (Founder, Own Your Data Foundation). Together, we’ll explore how data ownership, #transparency, and #accountability can drive meaningful change and set the course for a finance-first digital future. #Data #FutureOfData #DataOwnership #DigitalInnovation #Money2020 Chris Knight Christina Gil

We are excited to be at Money20/20 with our co-founder Bianca Lopes leading the way! For the first time since her 2016 debut, Bianca is back on the main stage, driving a vital conversation around “𝐃𝐚𝐭𝐚 𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 + 𝐀𝐈 𝐂𝐚𝐧 𝐆𝐞𝐭 𝐔𝐬 𝐁𝐞𝐲𝐨𝐧𝐝 𝐁𝐞𝐭𝐭𝐞𝐫.” She will explore how 𝐝𝐚𝐭𝐚 𝐭𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 and 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 serve as foundational elements in building a digital economy that prioritizes people, privacy, and trust. Her goal is to challenge the traditional role of data in finance, envisioning it as an asset class with the potential to transform financial ecosystems. Key Themes of the Panel Discussion: 𝐃𝐚𝐭𝐚 𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐚𝐬 𝐚 𝐍𝐞𝐰 𝐀𝐬𝐬𝐞𝐭 𝐂𝐥𝐚𝐬𝐬: Discussions will be around how data is no longer a corporate resource but a personal asset class—one of the largest humanity has ever known. By giving individuals control over their data, we create opportunities to redefine value in a way that’s both empowering and equitable. 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐓𝐫𝐮𝐬𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐠𝐞 𝐨𝐟 𝐀𝐈: As AI becomes integral to finance, transparency and accountability are essential for creating a trustworthy digital ecosystem. Bianca and her panelists will discuss how we can regulate data inputs responsibly to enable AI that respects privacy and enhances user trust. 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚 𝐅𝐢𝐧𝐚𝐧𝐜𝐞-𝐅𝐢𝐫𝐬𝐭 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐅𝐮𝐭𝐮𝐫𝐞: The panel will explore the opportunities and challenges of developing financial systems that are not only inclusive and sustainable but also rooted in responsible data practices. In collaboration with Potion, Finance of Tomorrow aims to drive forward solutions that uphold transparency, foster trust, and attract sustainable investment. Join us as Bianca leads this essential discussion on building a finance-first future where data ownership, accountability, and inclusivity are the cornerstones of progress. Let’s shape a digital financial ecosystem that respects individuals, protects data, and empowers communities. #FinanceOfTomorrow #Money2020 #DataTransparency #TrustInFinance #DigitalFuture

Hey everyone! 🖐 It’s amazing to be back at Money20/20 after a few years away, building and growing new ventures! The warm welcome, congratulations, and invitations have been incredible, and I’m beyond grateful to be back on the main stage tomorrow! 😍 I'll be moderating a panel, '𝐃𝐚𝐭𝐚 𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 + 𝐀𝐈 𝐜𝐚𝐧 𝐠𝐞𝐭 𝐮𝐬 𝐛𝐞𝐲𝐨𝐧𝐝 𝐛𝐞𝐭𝐭𝐞𝐫,' alongside some brilliant minds—André Vellozo (CEO, DrumWave Inc.), Michael Clark (Data Scholar, The Next Things LLC), and Brittany Kaiser (CEO, Own Your Data Foundation)—from 16:05 to 16:40 at 𝐓𝐡𝐞 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐒𝐭𝐚𝐠𝐞. We’ll dive into 𝐡𝐨𝐰 𝐫𝐞𝐢𝐦𝐚𝐠𝐢𝐧𝐢𝐧𝐠 𝐝𝐚𝐭𝐚 𝐨𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐜𝐚𝐧 𝐦𝐚𝐤𝐞 𝐩𝐞𝐨𝐩𝐥𝐞 '𝐝𝐚𝐭𝐚-𝐫𝐢𝐜𝐡' 𝐛𝐲 𝐬𝐡𝐢𝐟𝐭𝐢𝐧𝐠 𝐟𝐨𝐜𝐮𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐢𝐧𝐩𝐮𝐭𝐬 𝐨𝐟 𝐀𝐈. And I’d love to hear from you: Which events or parties are on your 'must-attend' list this year? Any that you’d say are can’t-miss? Plus, be sure to stop by and say hello! #Money2020USA #MainStageReturn #DataOwnership #Data #AI #Money2020 Chris Knight Christina Gil

Thomas Otendal - many thanks for the kind comments regarding #FinanceOfTomorrow and for adding thought leadership on opportunities in tokenisation!

Great to have you with us! Many thanks 🔥🔥🔥