BeBeez awaits you from at Allianz MiCo in Milan for the Milan Fintech Summit, the international event dedicated to innovation in banking and financial services, organized and promoted by Fintech District and Business International, the knowledge unit of Fiera Milano. BeBeez is media partner of the event (see the press release here).
The Milan Fintech Summit this year goes infact beyond the traditional boundaries of the event and invades the whole city with a series of extra events: the “Outside Summit” will start much earlier and will not be limited to the two days of the event. And then, from January 2024, a roadshow will begin in the rest of Italy to promote not only Milanese excellence, but also enhance the innovative capabilities and potential of the entire Italian territory.
The Conference&Expo kicking off the two-day debate is scheduled from 9 a.m. on Oct. 10, while the evening before will begin the “Outside Summit
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Tomorrowland is here is the claim chosen this year to evoke the state of the art of fintech: no longer, as described until a few years ago, the future of financial services, but the present, an integral part of their transformation.
It is no coincidence that in the six months to June 30, 2023, BeBeez mapped almost €2.8 billion of capital issued to Italian SMEs through fintech lending, supply chain finance and equity crowdfunding platforms, bringing the overall total since the fintech lending market in Italy started, i.e., 2016, to over €17 billion (see here the BeBeez Report Fintech Platforms 6 Months 2023, available to BeBeez News Premium and BeBeez Private Data subscribers). A total of 5.2 billion had been issued in 2022 (see here BeBeez Report Fintech Platforms and Venture Capital 2022), with a remarkable jump from only 3.5 billion in 2021 (see here BeBeez Report Fintech Platforms 2021).
As for venture capital investments in fintech startups and scaleups, activity has certainly slowed down in H1 2023, in line with what has happened more generally for venture capital activity in all sectors, with only 11 rounds mapped by BeBeez for a total of €66.7 million raised, including as much as $50 million raised in a single round (see here BeBeez’s 6 Months of Venture Capital 2023 Report). However, Italian-driven fintech startups and scaleups have been the focus of Italian and international investors in recent years: recall that in 2022 BeBeez had mapped 28 rounds raised by 26 fintech companies for a total of 1.049 billion euros (see here BeBeez’s Fintech 2022 Report), up sharply from the 900 million euros mapped in all of 2021 (see here BeBeez’s Fintech 2021 Report), when there was a real boom from the 247 million in 2020 . (see here BeBeez’s Fintech 2020 Report).
And above all, Milan continues to play a central role in the evolution of the sector, thanks to its ability to attract innovation. In the last two years alone, thanks to the Soft Landing Program, the initiative designed to facilitate the entry of foreign companies into the Italian market through Milan&Partners, the interest of more than 190 companies from different countries has been garnered, including the U.S. (from which 18 percent of them come) and Canada (8 percent).
The Milan Fintech Summit program will touch on all aspects of fintech. Telling how it is revolutionizing even sectors far from the financial one, in two separate sessions, realities such as Spotify and Booking.com, for example, will take the stage. Another subject will be Artificial Intelligence, whose centrality and topicality is undisputed, just think, for example, that 44 percent of the 280 companies present in the Fintech District community use it for their business. The second day will be dedicated to this topic with a session in which Italian techfin with an international scope such as Clearbox.AI, iGenius and Wealthype will confront an incumbent such as Oracle with a special focus on generative AI.
As for crypto, from CBDC to cryptoasset through the presentation of the new DGI report, the Summit agenda will have several moments dedicated to this topic. Web3, Metaverse and digital assets will be explored in depth by Matthias Kroener, financial services disruption expert and keynote speaker on the second day, who will illustrate how gaming is an ideal vehicle for fostering its spread. Space will also be given to FinCrime, a designation that brings together solutions in the RegTech field such as KyC (Know your Customer) and AML (anti-money laundering). Among the protagonists on these topics: Jonathan Levin, co-founder of Chainalysis, and Reem El Seed, co-founder of Cleverchain. A session on digital identity is also planned.
The event will have as its opening keynote speaker Leda Glyptis, who, inspired by the masterpiece Animal Farm, will tell what she thinks has not worked in the past 15 years of digitization. In the opening of the second day, a session will be dedicated to university students, who will be introduced to the different opportunities that fintech brings, both as a facilitator of everyday life and as a new job opportunity.
As for the Outside Summit it will begin as said the evening before, with a welcome party reserved for partners and speakers. Also on Oct. 9, Milan Fintech Summit will also be at Palazzo Mezzanotte at the Starting Finance Investment Meeting with the session “The Shape of Investment – Fintech and Techfin supporting wealth choices,” and at Brussels House, a multipurpose space to connect the world of Brussels culture with Italy, with a meeting organized in collaboration with Hub Brussels to tell the differences between the fintech ecosystems of the two countries and find common paths of growth.
Thanks to the VIP Program organized by Milano&Partners and Milan Fintech Summit, Milan will welcome representatives of a number of international, globally leading fintech companies who, in addition to participating in the event, will have the opportunity to touch the city’s innovative fabric. The presence of these companies, in particular some unicorns, is planned both on stage and in a specially created video interview feature entitled Unicorn Tales. Broadcast live on LinkedIn, the video interviews will feature representatives from Bitpanda, Bunq, Chainalysis, Lunar, N26, Qonto, Raisin, Revolut, Satispay, Scalable Capital, Solaris, and Trade Republic. The first pre-event was on Oct. 2, to Ignacio Zunzunegui, Head of Growth Southern Europe at Revolut, who talks about the evolutionary journey of a company that has been able to transform its offerings from being a travel card to becoming a global digital bank.
Partners in the event to date include FTS Group, Mastercard, Sella, Visa, Fabrick, Oracle, Bank CF+, Swag, Treezor, ATS, Geniodiligence, Inversis, Spendesk, Affirmdata, Boerse Stuttgart Digital, Complyradar, Confinvest, Knobs, Mia Fintech, Lexia, OCS Group, Sparkasse, Thales, Banqup, BKN301, Chainalysis, Checksig, Coverflex, Creative Bulls, DGI, Earnext, EasyTrend, Finance. Tech, Fourthline, Keyless, Gambit, GrowishPay, Lokky, Maind Capital, MindoverMoney, modefinance, Modulos, Profit Farm, Qi4M, Trustfull, Veridas, Wallife, Wealthype.ai and Younited.