Last week I had the honor of attending Finovate Europe 2015. Held in the heart of “the City,” London’s financial district, the two-day event provided a platform for dozens of financial technology startups and more established companies from around the world to present their products and technologies.
A tour of the exhibition hall revealed how cemented the role of the mobile phone is now within the payments industry. This should not come as much of a surprise given the interest in mobile payments, mobile banking, and other mobile services, but the presentations at this year’s event highlighted how quickly the mobile platform is changing. For example, Bendlgo and Adelaide Bank of Australia have developed an independent application called Redy that enables consumers to use their smartphones for crowdfunding and donations as well as for mobile payments…..