Tech's makeover of money is well underway, and how we get loans, buy houses, or lend money is going to be dramatically different in the near future.
This imminent future is what both financial services and tech companies will discuss at the fifth annual Money 20/20 conference in Las Vegas next week.
The reinvention of such a complex and highly regulated industry for the modern mobile and digital era requires cooperation between incumbents and upstarts alike. More than 10,000 attendees, including Wall Street bank executives and CEOs of Silicon Valley start-ups, are expected to attend.
The conference will feature keynote speakers from established companies like Bank of America, Visa, First Data, Facebook, Alphabet's Google, PayPal, Square and Wal-Mart, as well as start-ups like Stripe, Pinterest and Poynt. Attendees will also hear from regulators and trade associations, including the Consumer Financial Protection Bureau and the Chamber of Digital Commerce.
The event has unveiled cutting-edge tech before. Last year alone, JPMorgan Chase announced mobile payments service Chase Pay, Nasdaq launched a private blockchain-powered trading platform called Linq, Citibank unveiled a cardless eye-scanning ATM, Amazon announced customers could "Pay with Amazon" in partner mobile apps and Samsung added new U.S. banking partners to Samsung Pay.
Big topics will include payments and account security, reaching people who are currently "unbanked" and the transformative potential of blockchain technology.