1PitchBookisaMorningstarcompanyprovidingthemostcomprehensive,mostaccurate,andhard-to-finddataforprofessionalsdoingbusinessintheprivatemarkets.PitchBookData,Inc.JohnGabbertFounder,CEONizarTarhuniVicePresident,InstitutionalResearchandEditorialPaulCondraHeadofEmergingTechnologyResearchInstitutionalResearchGroupAnalysisUnpackingfintech’smosttopicalthemes,includingventurefunding,banking,openfinance,payments,andgenerativeAIKeytakeaways1Conferenceoverviewandobservations2Anupdateonbanking3Thestateofopenbanking5Howpaymentsopportunitieshaveevolved6TakeawaysfromVCconversations8Takeawaysfromcompanyconversations9ContentsPublishedonJune16,2023pbinstitutionalresearch@pitchbook.comPublishingDesignedbyChloeLadwigEMERGINGTECHRESEARCH15KeyTakeawaysFromMoney20/20Europe2023KeytakeawaysConferenceobservations•Money20/20Europe2023deliveredanotherhighlyattendedfintechconferenceinAmsterdam,bringingtogethermorethan8,000participants.•Thisyear,topicalthemesrevolvedaroundopenbanking,embeddedfinance,payments,generativeAI,fraudprevention,andregulation.•Investorsattheconferenceseemedkeenonseekingoutnewopportunities,thoughcapitalremainslimited.Digitalbanks•Thecurrentstateofdigitalbanksismixed;somedigitalbankshaveemergedasclearsuccessstorieswithprofitablebusinessmodels,whileotherscontinuetostrugglewithdeliveringpositivebottomlines.•Discussionswithdigitalbankssuggestthatmanywillbeconcentratingtheireffortsonlending,servingbusinesses,expandingintonewcustomersegments,andbuildingoutanexpandedsuiteofofferings.•Partnershipsremainedaprevalenttopicattheconference,withbanksandfintechcompaniesincreasinglyviewingpartnershipsasnecessaryandmutuallybeneficial.Openbanking•Despitetheadvancementsinopenbankingthathavebeenmadeinthepastdecade,dataavailabilityandAPIstandardizationremainkeypainpoints.•DuetoslowprogressonAPIstandardization,somecompaniesarestillutilizingscreenscraping.•PSD3islikelytomakemarginalimprovementstotheframeworklaidoutbyPSD2.RudyYangSeniorAnalyst,EmergingTechnologyrudy.yang@pitchbook.co...
