We are living in a time where it has become increasingly difficult to keep up with groundbreaking innovations in the world of technology. Particularly with the advent of generative artificial intelligence, incredible transformations are taking place across many sectors. As a company that develops products and services in the field of financial technology, we are always at the center of this change and transformation. In this context, as Architecht, we closely follow global developments. Previously, we have made efforts to stay on top of financial technology innovations by attending international events such as the Gartner IT Symposium, Microsoft Ignite Tech Summit in London, Web Summit in Lisbon, Fintech Connect, and Gitex. This year, from June 4-6, we attended the Money 20/20 event held in Amsterdam, where we once again had the opportunity to closely observe the latest trends and developments in the sector.

Money 20/20, one of the most prestigious conferences in the world of financial technologies, once again hosted numerous senior executives and investors from various parts of the globe this year. As Architecht, we participated in Money 20/20 to closely follow sector developments and engage in some key interactions. This prestigious event offers companies from around the world a great environment to showcase their products and services, providing opportunities to gain partners and customers. The strong presence of financial companies from our country and Turkish participants at the event was noteworthy and a source of pride.

In my opinion, the most exciting aspect of the event was the opportunity to engage in productive exchanges of ideas with many financial technology leaders from different countries. In this regard, we had the chance to more closely evaluate the working models and hot topics of key stakeholders in our sector. What impressed me the most was observing how financial technology companies in Europe share their work like pieces of a Lego set. By focusing on their areas of expertise, these companies share development costs and risks, enabling the ecosystem to grow. I can say that this model is an important gain for collaboration and growth in the sector.

To briefly summarize my observations about the event: when I reviewed the demos of large firms developing digital products, I noticed that there is still a long way to go in terms of user experience (UX). I believe there are great opportunities in this area. I also observed that there are significant areas for improvement in products and services in terms of artificial intelligence (AI) functions. This presents great potential for innovative opportunities in the sector. However, I did not see the stands of technology companies known for their AI work at the event; giants like Microsoft and Google focused more on financial services, presenting these to participants through their booths. AI-focused topics were generally highlighted on the main stage through panels and presentations rather than at the stands.

The participation of cryptocurrency companies was lower than last year, yet there were still a significant number of cryptocurrency products and services offered at the event. Another noteworthy point was the relatively low number of cybersecurity firms with booths. At Money 20/20, I also observed an increase in the number of institutions offering Open Banking-focused services, and these institutions are investing more in cybersecurity aspects of their products and services.

In summary, Money 20/20 was a highly productive event where we followed the latest developments, met with numerous valuable financial technology leaders, gained extensive knowledge about new products and services, and discussed how generative AI will generally transform our sector. These types of events definitely offer great opportunities for fostering innovation and collaboration in the sector. As Architecht, we will continue to closely follow global developments and integrate the outcomes into the financial technology sector in our country.