“Fintech Sessions» held its first edition in Buenos Aires, bringing together the main leaders of the country’s financial and technological ecosystem in a day that combined innovation, trends and business opportunities. The event, held at the Four Seasons Hotel, brought together companies, fintechs, ALyCs, technology providers, investors and professionals in the sector, consolidating itself as a new notable event for the industry.
Organized by Gallo Financial Technology & Partners, this first edition aimed to create a space to exchange experiences, analyze success stories, debate current challenges and promote synergies between the various actors that drive the transformation of the local financial system.
An agenda focused on the future of the fintech ecosystem
The day had an agenda of talks and presentations by industry leaders. Throughout the day, attendees were able to learn about trends in financial infrastructure, Banking as a Service and Wallet as a Service, crypto and tokenization of assets, capital markets and new tools aimed at improving the experience of users and investors.
The opening of the event was led by Nacho Abuchdid, from the IEB Group: “This event is the first of many more that we hope to hold in the coming years.” And he stated that: “Technology paves, oils and greatly facilitates the entry of more people into the capital market.”
Then, it was the turn of Guido Pellegrini, from Gallo, who spoke about the “Gallo Financial Technology Ecosystem”: “The market has changed pace, we must ask ourselves if technology drives us or slows us down?” And he states that: «At Gallo we want to make technology and finance accessible to everyone. From the same platform we offer all operations: local, international and crypto. Financial markets evolve at a very fast pace and companies must keep up with that.»
In her conference, Candelaria Villagra, from BIND, spoke about the current challenge and the opportunity we have at this moment in Argentina. «The current problem is that the modern investor demands immediacy, moving money between the traditional bank and the Alyc is often slow, bureaucratic and generates friction that scares away digital clients. Each manual transfer consumes time.»
And he adds: “Thanks to the integration of Bind PSP and Gallo, the objective is to transform the Alyc into a complete Investment wallet.” He spoke about “Embedded Finance: Achieving the integration of banking and payment infrastructure directly into the current management system, without friction.” «Today we are experiencing accelerated competition. Fintech companies are aggressively entering the field of investments. Alycs must defend their position by offering the same transactional usability,» he concluded.
Then, Claudio Zuchovicki spoke about the new relationship between the market and technology. During his presentation, he highlighted that “a company that needs to make money does not talk about politics” and stressed that “The only thing we should care about is how to make our clients more money; that is our only problem”.
In relation to the impact of technology on the industry, Zuchovicki stressed that «We have to take advantage of what technology gives us. Technology helps, leverages us, provides more transparency and allows us to see data in real time. But we do not have to lose focus».
That focus, he stated, is the real economy: “Our focus is the real economy, financing the real economy and giving confidence to clients who invest their money; this is the most important thing”.
Finally, he reflected on the changes in social and consumer habits: «In today’s society, more money is spent. Years ago we didn’t spend so much; money was taken care of. Today’s society is a society of new consumption. Now people seek to live life and indulge themselves».
Finally, Marcos Schefer, Global Head of Markets at Ripio, spoke about “The new capital market: crypto, bonds and tokenized stocks.” During his talk, he explained that “the new tokenization 2.0 enables the tokenization of assets; it is a different representation of an asset that already exists”.
From Ripio, he highlighted, they consider that this regulation «It is a great advance and we hope that it can scale even more, that tokenization will be extended to other items. The ideal is to be able to tokenize the entire market, or as much as possible».
Finally, he highlighted the opportunity that opens up for the industry: «Today, fintechs have a very big opportunity. We have to complement each other between the traditional financial market and new technology companies; there really is an opportunity there, between the experience provided by the traditional market and new technologies».
The first edition of Fintech Sessions closed with a synthesis of the main learnings of the day and a reflection on the role of the fintech ecosystem as an engine of innovation for the Argentine financial system. This inaugural edition made it clear that the combination of traditional finance, technology, infrastructure and innovation will be key to driving the development of the industry in the coming years.
«The balance of this first edition is extremely positive. We managed to bring together leading companies, entrepreneurs and leaders of the sector in the same space, promoting conversations that are key to the future of the financial ecosystem,» said Santiago Gluzsznaider Baker, Marketing and Communication Manager of the IEB Group.
Furthermore, he highlighted that “This is just the beginning: our idea is to consolidate Fintech Sessions as an annual meeting, which grows edition after edition and continues to promote the innovation that the industry needs.”
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