Last week the fintech world gathered online for the ninth annual LendIt Fintech USA event. We exceeded even our own high expectations as our second big online event featured many of the biggest names in fintech. Bo Brustkern and I flew to New York City (my first flight in 14 months) where we had our production studio set up inside the Javits Center. We used the keynote stage there, the exact same stage we had used for our 2017 in-person event, but the audience and speakers were 100% online.
As I do every year I will share some of the highlights from our virtual keynote stage below and you can watch our highlights video below.
We kicked things off with the hottest space in fintech, buy now pay later (BNPL). Nigel Morris, the co-founder and Managing Partner at QED Investors moderated a discussion with Adam Hughes, the CEO of Amount and Denny Nealon, the CEO of Barclays US Consumer Bank. Adam explained why BNPL is so popular today. It is all about the technology that enables a smooth user experience at checkout, so a decades old concept has seen a resurgence in the past couple of years. To coincide with their keynote, Amount and Barclays announced that they would be working together to offer BNPL solutions for Barclays merchants in one of the most significant partnerships in the space. Denny said that their the decision to offer BNPL was driven by their partners and they chose Amount so they could provide a fintech-like experience. [Read more…]