Payment technologies, electronic fund transfers, and money exchange innovations are at the forefront of the Fintech revolution that drives digital transformation in the financial services sector worldwide by shacking up the legacy banking provision. The increased digitalization of money and payments the last couple of decades means that the vast majority of money in circulation today exists as information, which flows through networks of hardware and software. This ‘transubstantiation’ of money into data has had major implications on the way we process economic transactions but also think about the difference practices of value exchange. In response to these developments, this conference seeks to investigate how everyday media of economic exchange are being transformed in light of the recent innovations in digital networks, open platforms, mobile technologies and payment data analytics applications in both developed and developing economies.
More specifically, three overarching themes will be explored: Networks and Platforms (payment infrastructures, distributed networks, open platforms, sharing economies, etc.); Financial Data and Analytics (risk management, credit scoring, monitoring, information services, operational efficiency, etc.); and Software and Digital Innovation (digital wallets, smart-card technology, card emulators, near-field communication, biometric authentication, cryptography, distributed ledgers, etc.). In order to facilitate the discussion, the following sessions have been put together:
- Digital innovation in the payments industry
- From cash, to plastic, to mobile payments: Discussing the evolution of monetary forms
- Technologies of exchange in a digital economy: When theory and research meet practice
- Financial inclusion and the role of mobile money
- Transactional data, analytics and algorithms
- 'Interrogating the Blockchain': Exploring the applications, issues and impact of distributed ledgers in payments