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  • Conference Whispers: Money 20/20 USA 2024

    Conference Whispers: Money 20/20 USA 2024

    Las Vegas, NV October 27-30

    Published: November 1, 2024                      ID: 2053

    Readers: November 2, 2024

    Analyst: Dr. Doreen Galli

    Photojournalist: Dr. Doreen Galli

    ABSTRACT

    Money 20/20 USA 2024 was held at the Venetian and boasted over 10,000 attendees from over 90 countries with 80% of attendees coming from the USA. The over 400 speakers and 300 exhibits were captured by TBW Advisors with over 340 minutes of video captured and posted. As the place where money does business, the event brings together the ecosystem of money spanning banks payments tech startups, and capital market. AI everywhere, cross bank collaboration and cross geography collaboration along with fighting fraud were the key themes throughout.

    Highlights

    • AI everywhere with particular focus on fight fraud along with cross bank and cross-border collaboration was discussed throughout the keynotes and the exhibits.

    Cautions

    • As with all new AI technology use cases, it is critical to verify the quality of the data used in training the models and identify any inherent biases. The desire is to increase accessibility of the fintech market as opposed to further facilitating biases and disenfranchisement.

    Conference Vibe

    After more than 340 minutes of taping, 29 videos, a few hundred shorts forthcoming, and over 50 fact checks, our coverage of the Money 20/20 USA 2024 closes. Money 20/20 USA had over 10,000 attendees, 400 speakers, and 300 exhibits full of vendors from around the world*. Nonetheless, there were no lines at registration to pick up one’s badge. An exciting note was shared during the press briefing that 47% of speakers were women in 2024 up from 11% in 2023. The conference provided a full breakfast for all attendees as well as some smaller stations with continental breakfast. If that wasn’t enough food, have no fear a full lunch was also available to all attendees right in the exhibit hall as well. Speakers graced one of 6 stages with a fan favorite being the Sentient stage featuring Money 20/20’s custom sentient robot, Aiana-live.

    Focus on the customer!

    No matter where in the world one resides, your life is impacted by fintech. Some experience significant inconveniences such as sending digital money to relatives across the globe only for those relatives to receive physical money. Cross border payments maintaining digital banking convenience was one of the examples shared in the distinguished panel on creating a new language for cross-border payments. This panel featured Ryan Zagone from Wise who presented his company’s solution. Other panelists included leaders from TBD – a block company, Bankaya and Vansary. A key to achieving customer desired functionality is continual modernization of payment platforms beyond migrating to the cloud. This panel included leaders from Wise, Bank of America, Deloitte, and Amazon. A session on Navigating the journey to the cloud featured leaders from Featurespace, AWS and T-Sys. The focus of this session was the need for collaboration amongst partners for the benefit of the customers. One part of the ecosystem cannot go to the cloud if critical components they depend on remain on premise. The migration journey is never truly completed. To ensure your product has solid APIs to easily integrate with the rest of the market, APImatic shared their product on the expo floor. APIMatic increases adoption by leveraging automation to ensure you complete the journey to usable APIs.

    One key ingredient every business requires is customers! The panel, “Small is the next big thing” emphasized the sheer magnitude of opportunity by serving small businesses which make up 44% of the US GDP. This panel featured leaders from Co-created, Penelope, and SMB Franchise Advisors. The emphasis was to encourage the creation of a one-stop shop, a single pane solution for all one’s financial needs for the SMB space. One method to extend the reach to additional customers includes embedded payments and private capital to expand the consumer credit space. A panel on this topic featured leaders from Jeffries, Milken Institute, Citi and Pagaya. The session emphasized the need for new risk rating models for those not currently served by the sector. In this regard, an AI risk decision engine for financial services by Bordo.ai was displayed in the expo hall.

    Once you have your customers, you want them to have an amazing experience. To facilitate a unified view of all customer activities on your platform, Mixpanel was one of the vendors on hand demonstrating their capabilities. This product along with the talk on hyper-personalization in the age of AI reminded us of our coverage of the Adobe Summit. If this is a passion area be sure to review this research as well as enjoy its related playlist.

    Trust

    Expanding on the hyper-personalization to serve customers, a fireside chat featured Fortune reporter Luisa Beltran interviewing PayPal’s Frank Keller. Titled, AI + Trust, the question of when too personalization becomes a creepy user experience was discussed. The one where you have a conversation on the phone then suddenly your computer has an advertisement for such a product. Part of the challenge with the trust question arises because the bad guys are organized, collaborate, and share information but the good guys do not. As discussed in the session “Fighting Fraud in an AI First World’, until the good teams collaborate, the issue will remain. This exciting panel featured leaders from Google, Mostly AI, BNY and Swift. This point was also emphasized in How AI Innovation Influences Trust and Safety panel. This panel featured leaders from JP Morgan, Walmart, Trulioo, and OpenAI. A key takeaway included that AI plus humans is creating new capabilities to try to counterbalance the aggressive progressive of the fraudsters leveraging AI in a coordinated fashion.

    Trust is a two-way street. For financial institutions attempting to establish trust with their customers, they may wish to leverage Inscribe.AI. This platform reviews all documents turned in by customers for signs of fraud leveraging generative AI. Maintaining compliance can also assist with maintaining trust. A highly automated intelligent solution for achieving compliance that is traceable, explainable, and auditable by Trisotech was on exhibit. As anyone who has played with early consumer editions of generative AI knows, true value of generative AI is not just the answer but understanding the why behind the generated answer. If, however, your organization is interested in leveraging behavioural AI to prevent fraud, Futurespace may be one of the products for your organization to evaluate.

    Nothing loses a customer’s trust like compromising their privacy and their data. Sometimes, no matter the steps taken, a company accidently leaves a backdoor open or misconfigures their environment compromising customer trust. Have no fear, Packetlabs and their white hats are here to offer their services. Remember: it is always better to hire white hats to find your security issues instead of finding out on the front page of the news.

    Finally, one of the more critical aspects of trust according to SEC Chair, Glen Gensler is the whistleblower program. This was one of the many topics discussed in this fireside chat.

    Identity

    We had a flashback to our coverage at Identiverse, as one might expect at any conference in a highly regulated space. The expo hall had some identity solutions on display. A true global identity solution can be difficult to find but Shufti shared their solution. Available across 240 countries validating over 10,000 document types with outcomes in over 150 languages, Shufti is based out of London.

    Another identity problem arises in Fintech around the use of credit cards. Is the person using the card really the person we issued the card to? Prove shared their solution that enables you to prove it is really you with only one small line added to the magnetic strip. Prove interestingly leverages the technology within smartphones today to enable the credit card to be a key. With a tap of your credit card to the phone, the phone can let the company know if it is really the card holder holding the official card making the charge.

    AI

    While very little of the conference did not involve AI, a key concern within Fintech involves using public models with their highly regulated data. Glean shared their product that consumes all your internal data to create a customer LLM for your organization. If your emphasis is one producing customer facing content from your own data, then Writer that leverages generative AI over your own data may be something to explore.

    One of the more creative talks on Generative AI was titled, “Killer GENAI Cake”. Emphasizing the parallels to how baking powder created new use cases for baking, GENAI will expedite fintech and related user experiences to the next level. Featuring leaders from Microsoft, iGenius, Growfin and Citizens. Questions addressed by this panel included what use cases could materialize in 2025 and beyond?

    Next Year’s Conference

    Next year’s Money 20/20 USA will be once again held at the Sands Convention Center on October 26-29, 2025.

    *When vendors’ names are shared as examples in this document, it is to provide a concrete example of what was on display at the conference, not an evaluation or recommendation. Evaluation and recommendation of these vendors are beyond the scope of this specific research document. Other examples products in the same category may have also been on display.

    ©2019-2025 TBW Advisors LLC. All rights reserved. TBW, Technical Business Whispers, Fact-based research and Advisory, Conference Whispers, Industry Whispers, Email Whispers, The Answer is always in the Whispers, Whisper Reports, Whisper Studies, Whisper Ranking , The Answer is always in the Whispers, and One Change a Month, are trademarks or registered trademarks of TBW Advisors LLC. This publication may not be reproduced or distributed in any form without TBW’s prior written permission. It consists of the opinions of TBW’s research organization which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, TBW disclaims all warranties as to the accuracy, completeness or adequacy of such information. TBW does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by the TBW Usage Policy. TBW research is produced independently by its research organization without influence or input from a third party. For further information, see Fact-based research publications on our website for more details.

  • Conference Whispers: CES 2024

    Conference Whispers: CES 2024

    Conference Whispers: CES 2024 Playlist

    Analyst: Dr. Doreen Galli

    Photographer: Dr. Doreen Galli

    Published: January 17, 2024

    ABSTRACT

    CES 2024 allowed over 135,000 attendees to see more than 4,400 exhibitors. Attendees and exhibitors agree the word that best described the event was “engaging.” There were advances and capability announcements across all product categories and marketplaces. Anything you need to build your own products to those that can build them for you to products about to hit the market could be found. CES 2024 brought current technology advances of artificial intelligence, and virtual reality across the automotive sector, mobility, health, and manufacturing.

    The Conference

    • The first Consumer Electronic Show (CES) was held in New York City in 1967 with 17,500 attendees1. It is an industry conference focusing on all aspects of consumer technology. The conference features new product announcements in x product categories and y marketplaces.
    • CES 2024 was held in Las Vegas, Nevada and had just over 135,000 registered attendees, with 4,400 exhibiting companies.
    • Attendees at CES 2024 hold titles such as CEO, Founder, Investor, VP, Director, Chief Marketing Officer, VP of Engineering, VP of Product Development, data scientists, lead engineer, and buyer. CES attendees came from over B countries.

    Cautions

    • Care must be taken when creating a CES schedule. CES 2024 spanned multiple venues; buses and the Vegas Loop were provided with convenient routes between all venues. To this end, one’s schedule must allow for the transport or walk time between events. TBW Advisors’ analyst found that 30 minutes was sufficient between LVCC and Sands Convention Space; attendees should plan to allow one hour for transfer between other venues.
    • Just because a product has advanced AI and is designed for the home doesn’t mean that your privacy was fully taken into consideration. Adopters must verify data location and policies for any new products before they are brought into the home or office.

    Conference Vibe

    As an industry conference focused on everything related to consumer technology, CES is best described as a massive conference with highly engaged attendees. CES 20204 celebrates 100 years of innovation. The conference had some 135,000 registered attendees spanned venues, from Mandalay Bay, and Aria, on the Southside of the Strip to the Las Vegas Convention Center Halls West through North and Central. Buses ran frequently to transfer attendees between locations along with the Vegas Loop. One interesting aspect of CES is the juxtaposition of fun exhibits with deep talk tracks that feature impressive speakers discussing considerations taken while creating the various products being exhibited. Viewing TBW Advisors’ Conference Whispers: CES 2024 playlist in order may provide some context for the first-hand experience of attending CES. Alternatively, enjoy our CES Walkabouts Playlist.

    What product would you like to build?

    CES is a place for builders to go and find the components to build products themselves or find organizations to build them for them. CES 2024 was no different. One might start with MicroEJ* a favorite from 2020 CES (1), an containerized IoT device for software defined everything that is upwardly compatible with Android (2). Need sensors to support a function? Hamamatsu Photonics optical sensors were on display (3).  Want your product to be free of requiring a battery? Perovisky shared their indoor solar glass solution (4). Want to make sure you store the energy from the indoor solar glass? Nichicon was present with the LTO IoT battery (5). Perhaps you don’t want just any sensor in your solution but demand a smart sensor with AI models deployed on the edge with the sensor? To that end solutions presented include AI Zip smart sensors that can identify irregular behavior (6). Require data sets to train models in your space? Speeda Edge was onsite to get you quickly moving forward in your data space (7). Perhaps you require a human machine interface (HMI)? If the interaction is from facial movements, Naqi Logix had their Naqi enabled Neural Earbud on hand to control all digital devices and more important, their technology can be licensed to any earbud manufacturer(8). Meanwhile, PalmPlug was present for hand-based HMI interactions (9). Perhaps your IoT product requires a cellular connection. 1nce was one of the companies on hand available to provide a global cost-effective solution (10). Assembling the components but need it waterproof? 3m has any taping solution you might need to make your product come to life (11). If you require a Cloud vendor agnostic platform to manage Linux based secure online development, Strong Network was onsite to share their solution (12). Perhaps the entire process of finding and assembling all the components is just too much for you? Companies were on hand to help you put it all together from Telit Cinterion (13) to Siemens (14). Perhaps you are not even sure where to start or what product you would like to create that would have customer demand? To that end multiple industry analyst presentations were available from CTA itself (15) to the detailed presentation by Circana (16) that let you know exactly where consumers are spending today.

    Modern Green Smart Building

    CES is known as a conference for consumers but at the end of the day – it is just an amazing technology conference where you can find things you might not expect. For example, you were building new facilities. To that end you would like to understand modern technology you could include to make the building smart or green. CES has answers for you! At the entrance, you can keep outside dirt outside with Tectonic’s clean matt (17). No need to waste the beautiful energy from the sunlight on the windows with SQPV Glass by INQS that produces energy(18).  Perhaps the building is a data center without many external windows then the indoor solar solution could be incorporated from Perivskia (19). If you require weather information for your facilities, MyRadar will provide data rain or shine (20). Camera solutions for security or for indoor autonomous solutions could be found by E-Con Systems (21). Building in an area suffering from water shortages? Genesis Systems allows you to capture water from air (22) while HelioWater provide potable water from any type of water be it river water or salt water (23). Green smart exterior and parking lot lights leveraging solar energy are available from Green Tech (24). Have an emergency presentation and need a huge TV suddenly in a room without cabling? Wireless TVs from Display can be put up anywhere with a wall. It contains a battery that will stream for 6 hours straight or 30 day standby (25). Clean air for workers inside can be made available with a bioengineered indoor plant from Neoplant (26). If you have multiple smart buildings, Technis has a smart fleet building solution for you (27). Finally, if you are trying to grow, retrain, empower, or engage your employees, FLOWIT is a smart adaptive people development tool for your employees leveraging generative AI. It can even recommend training based on results of employee engagement surveys (28).

    *When vendors’ names are shared as examples in this document, it is to provide a concrete example of what was on display at the conference, not an evaluation or recommendation. Evaluation and recommendation of these vendors are beyond the scope of this specific research document. Other examples products in the same category may have also been on display.

    Mobility and Accessibility

    CES 2024 had a plethora of mobility and accessibility solutions on hand. As discussed in the session on building a sustainable secure superior future, technology and artificial intelligence advances have been monumental in mobility (29). This point was further emphasized in the discussion on AI powered strategies to transform the mobility experience (30) as well as in the talk, “Technology as a Force for Good” (31). Products on hand included the Mirairi speaker for the hard of hearing has a curved surface to push the voices towards the listener (32). Ives Chatbot for the deaf can understand and produce sign language for customer service solutions (33). For people with vision difficulties, OOrion intelligent locator assistant enables your phone to find anything in your environment or guide you to predetermined locations (34). Lighthouse Tech glasses enable one to identify when obstacles are present above waist height and is targeted at people with low or no vision (35).

    Healthcare

    Healthcare is always a large topic at CES every year and 2024 was no different. An overview presentation on the area, “Forces Reshaping Healthcare” was presented by Deloitte (36). Whether for home healthcare or telemedicine, The NuralogixTM Anura MagicMirrorTM scans your face and in 30 seconds calculates over 100 common metrics (37). Withings BeamO Home Checkup allows a remote practitioner to virtually listen to one’s heartbeat and lungs as well as follow vitals such as temperature, heart rate, ECG, and SpO2 (38). A twenty-minute scan leveraging a virtual reality headset and a program form Machine MD can inform your medical practitioners about any brain disorders (39). An actual virtual twin of the patient for cardiovascular purposes was shown by Dassault  Systemes (40). Smart devices of all types were also on display including smart ring by RingConn (41).

    Smart insoles for diabetes that are self-powered called SoleCooler were shared (42). If you deal with snoring, the smart pillow by 10Minds will sense the snoring and inflate an airbag to turn ones head on the pillow, causing the snoring to stop (43). Need better quality of sleep? MyWaves for better sleep will playback your best deep sleep brainwaves to help one fall asleep and increase quality by 25% (44). If you just want to see effortlessly, ViXion adjustable eyewear may be the exhibit that called out to you. To use, one simply adjusts so it is aligned with your eyes. Once adjusted, you can go from instantly reading 12-point font a quarter mile away on a wall across the convention center to a business card in front of your face. Yes instantly. While I never noticed eye strain, the lack of eye stress using the glasses was truly notable (45). Speaking of relieving stress, Sana Health VR solution can put your mind into a flow state (46).

    Finally, hospitals are a common vulnerability point. For doctors wanting to enable secure transcription at the edge, csky.ai does not allow the data to leave your desktop (47). If your hospital is the Target of ransomware attacks. Galeon EHR takes advantage of the immutable logs of blockchain for storing EHR records. This solution has enabled multiple hospitals to recover and continuously operate despite a ransomware attack (48).

    Smart Vehicles

    In 2024, CES is now the largest automotive show in the world. “Cracking the Smart Car – what truly defines them” discussed the need for cooperation for functionality and security (49). Today building a smart car can get an advanced start with available middleware such as that provided by Apex.ai (50). For OEMs wanting to set themselves apart, the ever-impressive smart mirrors from Gentex combining mirror and camera views were on display (51). To secure your smart car, Autocrypt provides the ability to secure the embedded systems (52). If you are looking to recreate, Pebble all electric trailer may be in your future (53) or perhaps you want to pack up your all electric dirt bike by GoWow to hit the trails in the BLM Parks (54). Today’s cars at CES are not confined to only driving on roads. The day we have been waiting for since we first watch the Jetsons futuristic cartoon has arrived as Xpeng Aeroht presented their flying car at CES (55). Finally, engineers for next generation cars were able to participate in the Indy Challenge. This challenge is a competitions between colleges to build a fully autonomous Indy Car (56).

    Consumer Tech

    Walmart was a significant keynote at CES (57) and even brought Microsoft’s Satya onstage (58). Shopping will never be the same. If Walmart has its way, shopping will it be easier, more convenient, automatics and quicker than ever before leveraging drone delivery (59). CES 2024 also brought you the magic of automated cooking from Tech Magic (60). While currently used in industrial kitchens, anyone involved in adulting can hope one is coming to a kitchen near them soon! One no longer has to drive to a brewery to get freshly brewed beer. CES featured the all-in-one Exobrew enabling all to brew at home (61). Likewise, one no longer must fuss with the step in between the washer and dryer or even adding detergent every load. GE Profile highlighted their all-in-one washer dryer that can hold an entire bottle of detergent (62).  Scrubbing the floors is easier with The Narwal Freo X Series robotic vacuum mops, the uniquely designed new models displayed include the Narwal Freo X Ultra and Narwal Freo X Plus models (63). Even mosquitoes don’t stand a chance in 2024 with the Reptilian smart mosquito repellent design in Africa (64). If one would like to interact with your grandchildren, Zoog has a solution for you (65).  Finally, discussions were held on the reality of the post hype metaverse (66).

    High School and College Participation

    CES 2024 featured the Indy autonomous challenge,a college competition to create the fastest autonomous Indy car. The cars raced at the Las Vegas Motor Speedway. TBW Advisors was able to hear from the former Waterloo team captain (67).

    Charity

    This conference did not feature a specific charity event. CTA, the organizer of CES, has a related Foundation for its charitable contributions and actions – the CTA Foundation3.

    Next Year’s Conference

    CES 2025 conference will be held in Las Vegas, Nevada. The announced dates are January 7-10, 2025.

    Citations

    1. https://cdn.ces.tech/ces/media/pdfs/2020/ces2020_factsheet_9-23.pdf
    2. https://www.ces.tech/About-CES.aspx
    3. https://www.cta.tech/Who-We-Are/CTA-Foundation

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    ©2019-20204 TBW Advisors LLC. All rights reserved. TBW, Conference Whispers, Technical Business Whispers, Whisper Reports, Whisper Studies, Whisper Rankings and Fact-based Research and Advisory are trademarks or registered trademarks of TBW Advisors LLC. This publication may not be reproduced or distributed in any form without TBW’s prior written permission. It consists of the opinions of TBW’s research organization which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, TBW disclaims all warranties as to the accuracy, completeness or adequacy of such information. TBW does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by the TBW Usage Policy. TBW research is produced independently by its research organization without influence or input from a third party. For further information, see Fact-based research publications on our website for more details.