This June, a group of IE students had the opportunity of volunteering for MoneyConf, a place that showcases the latest innovations in fintech. Around 80 startups showing innovations for new ways of saving, lending and investing using data, digital currencies and social experiences were there to pitch more than 100 investors. In the event, where more than 1500 people attended, leading banks and financial institutions such as MasterCard, Santander Bank, Goldman Sachs, Bloomberg, Western Union and BBVA, among others were present. 
The great thing about this event, is how startups are the main attraction and the leading banks such as BBVA and Santander play a supporting role, continuing to be the biggest players, but allowing each new business and their entrepreneurs to shine with their breakthrough ideas.
The CEO of BBVA, Carlos Torres Vila mentioned at the event how startups play an important role in the shaping of the industry. On the other hand, Mark Mullen, CEO of Atom Bank who also attended MoneyConf, mentioned in an interview with BBVA, that the convenience for the customer that these startups offer is what makes them very attractive, because of the easy and innovative customer experience. This shows that a collaboration between startups who focus on the consumer and the leading banks who have the industry knowledge is key in the future of the financial world. It is the big banks who are supporting innovation, while entrepreneurs from around the world are trying to make a change in how people save, invest, pay and borrow money to grow their businesses. 
At MoneyConf we were able to clearly observe how finance is using trending technologies to solve financial needs. Clear examples are the startup 4andgo which introduced Chances, an app that uses BigData to help users launch their company, and BitMari, another startup that helps people liberate transactions using BitCoin, giving users a cheaper way to send money back to Africa. 
MoneyConf, is organized by the WebSummit, a leading startup fair and technology event. Both of these events are arenas where startups, investors, and the technology industry as a whole can grow together.
By: Diana Oyaga