FINTECH IN ASIA
Day three of Money20/20 was a fitting follow-up to day two for the LHOFT, revolving around fintech in Asia, including many success stories, and mentions of the upcoming Money20/20 Asia. Later in the day, they announced the winner of the startup pitch competition:
Newbank, a company that offers blockchain-based KYC/AML solutions, took home the prize. The closing acts on the keynote stage included great presentations by Rita Liu, head of EMEA at Alipay, who talked about their expansion strategy in Asia, and Sopnendu Mohanty, CFO of the Monetary Authority of Singapore, who forecast the death of plastic within five years. Another Money20/20 complete and another few thousand people who are now familiar with Luxembourg's strengths in financial services and fintech.