Atmen Speaks at Money20/20

Jul 4, 2022 | Finance

Money20/20 took place in Amsterdam last month, and Atmen was proud to participate and showcase our latest innovations. Our team had a great time meeting new people and sharing our vision for the future of banking. We’re excited to share our experience with you and how it validated our belief that digital banking is the future.

What is Money20/20?

Money20/20 is the world’s largest FinTech conference, with roughly 10,000 attendees from 2,800 companies and 90 countries. The event is a great opportunity to network and learn about the latest innovations in Financial Technology.

During the conference, there were numerous talks and panel discussions from industry experts. There is no discriminatory guestlist here; Onlyfans bragging about sales on one stage, and The Bank of America on the next. Their presentations cover the most comprehensive spectrum of FinTech topics. From payments and lending to AI and regulation, we found it at Money20/20.

The hosts organise events both in the US and Europe, with a possible expansion to Asia in the future. This year’s conference took place in Amsterdam, a city quickly becoming a FinTech hub. The conference was an excellent opportunity for Atmen to meet new people and share our vision for the future of banking.

Why is Money20/20 important to financial services?

Money20/20 is more than just a conference – it’s a meeting place for the entire FinTech community. Whether you’re a Startup or a large corporation, you can meet potential partners, investors and customers.

The FinTech industry dramatically benefits from in-person events like this. They help to foster collaboration and trust. In addition, the conference offers insight into the latest trends and developments in the industry. This is crucial for companies like Atmen, who must stay ahead of the curve to remain competitive.

For us, it was also an opportunity to meet with other digital banking providers. We had engaging discussions about the challenges of providing banking services in the digital age.

Atmen’s Discussion on Diaspora banking

Atmen’s CEO Marvyn Smith was a guest on a panel discussion about Diaspora banking. Alongside him were Henk-John Gujcherit (Mopé) and Evgenia Loginova (BPC). Elizabeth Kleinfeld of Startupbootcamp moderated the panel.

The discussion revolved around how we can provide banking services to the unbanked and underbanked. This topic is vital to Atmen, as we believe everyone deserves access to essential banking services.

The panel had some great insights on the matter, including the fact that mobile money plays a significant role in providing banking services to those who are underserved by traditional banks.

What is Diaspora Banking?

Diaspora banking is the provision of banking services to people who live outside of their home country. This can be a challenge, as many traditional banks are not set up to deal with the needs of diaspora communities.

For example, many immigrants from the diaspora need to send money home. They might have to go through a series of intermediaries that add both time and cost to the transaction. Or, they may not even be able to get a bank account in their new country of residence. That could be due to a lack of documentation, language barriers, or they don’t have a credit history in their new country.

There is a growing demand for banking services that cater to these needs, and Atmen is at the forefront of this movement. Our Atmen app is designed to make it easy for people to send and receive money, regardless of where they are in the world. With a prepaid card and direct deposit, Atmen is an inclusive solution for those who need access to basic banking services.

With roots in the Caribbean, Marvyn has first-hand experience of the challenges faced by the diaspora community when trying to access banking services. This is something that he is passionate about changing and Atmen is leading the charge.

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