The Atomic team recently attended Fintech Meetup in Las Vegas and the experience was truly invigorating. The conference was composed of a multitude of innovators, founders, product experts, and investors, all collaborating and contributing their unique perspectives to the fintech industry. Below are a few stats on the first in-person Fintech Meetup 2023:
- 3,000 attendees
- 30,000 meetings
- 90% of attendees participated in meetings
- Two giant ballrooms set up with 1,000 meeting tables
Assessing the Industry Pulse Post-SVB Failure
Only a few weeks after the SVB failure, we were curious to know the pulse of the financial industry. Were people on edge, concerned for the future, only discussing this one topic? However, we were pleasantly surprised to find the opposite – the vibe was strong, creative, resilient, and optimistic all around us. Yes, SVB was a large topic of conversation at the 2023 Fintech meetup, as it should be, but all was not doom and gloom. The overall positive outlook reaffirmed our belief that fintech is still growing and has much more untapped potential to explore. The collaboration between fintech and traditional financial institutions is only just strengthening over time and we were excited to connect with so many of our FI clients onsite.
A few event takeaways at the 2023 Fintech meetup. It was evident that existing businesses are continuing to iterate and push the envelope of what is possible. Incremental changes, or putting new stickers on existing products, is simply not enough. To maintain a competitive edge, significant advancements to dev, new use cases, new technology, etc. are necessary. The huge focus on innovation was refreshing, and it was a joy to see the passion that the speakers and attendees had for taking things to the next level.
Jordan Wright, our Co-Founder and CEO, took to the stage to discuss income and employment data connectivity. Highlighting the value we drive for our customers with our latest solution, EmployerLink. By offering broader integration options to customers, we offer the most comprehensive connectivity coverage, faster time from integration to go-live, and a customer-centric experience.
AI Takes Center Stage: Trends in Artificial Intelligence Integration
Another standout theme at the 2023 Fintech meetup was undoubtedly the prevalence of AI. It seemed like every other booth was promoting its use of artificial intelligence. We were amazed at the sheer number of companies that have integrated AI into their products and services. From chatbots to predictive analytics, it is clear that AI is becoming a cornerstone of the fintech landscape.
The Industry Night event held at Jewel Nightclub was a sight to behold. The backpack and badge-wearing conference attendees put aside their work worries to dance the night away. It was a breath of fresh air after weeks of uncertainty caused by the recent events that led to companies scrambling to get their money out of Silicon Valley Bank.
Overall, the Atomic team left the 2023 Fintech Meetup feeling inspired and energized by the passion, creativity, and resilience of the fintech community. It was evident that fintech is stronger than ever and that there is much to be excited about in the work being done in the industry. We are enthusiastic about what the future holds and look forward to continued engagement with the community.
