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Banks and other financial institutions in China and around the globe are facing a constant challenge to keep up the pace with the latest technological developments.
In the world that's ever-changing thanks to rapid development of technology, financial markets need to constantly keep up the pace and stay ahead of the curve. This premise is at the very core of the iMoney Expo 2018, scheduled to take place on November 2-3 at Guangzhou Baiyun International Convention Center in China, expecting to attract more than 5,000 visitors.
Understanding and Embracing the Change
New financial technologies are constantly pushing banks and other financial institutions to change and adapt. A good example of this in China is the fact more and more people, even those not living in city centers, are turning towards mobile payments. In 2017, between January and October, China saw $12.8 trillion worth of mobile transactions, which is more than Europe and the US combined.
This rapid development challenges financial institutions to stay up to date, improving their software solutions, security systems, and other related products. Of course, there is also Bitcoin, as another disruptive force in the financial market, which needs to be addressed and handled.
Important Event for Key Market Players
These challenges, as well as many other related topics, will be addressed during iMoney Expo 2018 in November. The event, which consists of forums, an exhibition, and a pitch and award ceremony, and offers excellent networking opportunities, is expected to gather more than 5,000 guests from different sectors of the financial industry.
The goal is for the key market players to create better connections with the west but also continue promoting healthy financial environment in the country and around the globe. Addressing issues such as blockchain technology, fraud and security, money transfers, banking software, and much more, iMoney Expo 2018 should offer a lot of valuable information and insights for everyone in the attendance.