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Our 2023 conference looked at the huge role the fintech sector can play with another crisis ensuing. Savage inflation and the cost-of-living crisis, a particular shock in developed markets, has put fintech innovation in the spotlight again. With a wealth of opportunities data and emerging technology continues to provide, there are valuable opportunities for new business streams, with access, inclusion and customer experience the central components. At the same time, other recent innovations may discover that their addressable markets have been compromised by economic woes. We took a deep dive into the trends and strategies that will define how financial services can serve consumers and markets at this critical juncture. With some scaling back, workforces trimmed, and a more frugal investment environment, the race to digital money firmly on and with a new focus on social issues, where is the fintech industry heading? We kicked the week off with an opening drinks reception, and delegates took part in partner extracurricular activities during the week. Nuvei hosted a roundtable breakfast, that looked at how payment orchestration can remedy payment complexity, while the British Embassy and UK Israel Tech Hub hosted an evening meet-up with presentations from Barclays, 10x Banking and London and Partners. We were privileged to have Amdocs as a headline sponsor, and welcomed back returning sponsors American Express, Mastercard's FinSec Innovation Lab, Herzog Fox Neeman and Allen & Overy as Gold Sponsors, joined by leading global payment technology company Nuvei.
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We were a fully virtual 4-day conference in 2021. We addressed the most pressing challenges in the fintech sector and challenging times for financial services. As Covid-19 continued to cast its shadow of upheaval, the accelerated digitisation of the economy that it triggered has given rise to a plethora of opportunities for the fintech sector, and placed it firmly in the spotlight. The conference focused on the key role fintech will play in the recovery period and post-pandemic. Following the normalisation of relations between Israel, the UAE and Bahrain we were privileged to have ADGM and DIFC as headline sponsors and with Bahrain, we looked at what the new relationship will bring to the region and wider world, and what we can learn also from Emerging Markets, especially LATAM. We were privileged to have financial institutions in both Argentina and Brazil sharing perspectives. We delved into the issues and opportunities that lie ahead and what the sector must do to build on the momentum, bolster financial services and provide intrinsic value for all.
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Our 4th Fintech Week looked at how business models and innovation would need to adapt to drive success over the coming decade. There was focus on emerging technology, digital assets, big tech and customer engagement. We also looked at how digital transformation is transforming payments, banking and insurance. We welcomed OpenFin as headline sponsor. Open Banking was a key theme, having recently been adopted by Israeli regulators. We were also happy to welcome the UK's Financial Conduct Authority, marking the very first time the regulator had taken part in a conference in Israel, sharing a stage with the Israeli regulator the Bank of Israel.