Upcoming Money 20/20 Panel shines spotlight on Atlanta’s “Transaction Alley”

October 17, 2016

World’s largest payments and financial services innovation event will be held in Las Vegas

ATLANTA (Oct. 17, 2016) – A large delegation of Georgia-based FinTech/FinServ companies will be attending this year’s Money 20/20 expo, the largest payments and financial services innovation event in the world. The annual tradeshow will take place Oct. 23-26 at The Venetian in Las Vegas. Additionally, members of FinTech Atlanta (FTA) curated several events at Money 20/20 intended to showcase Atlanta’s key position within the industry.

FTA, with help from partners and sponsors, was critical in securing the following events:

Panel: Role of Local Governments in Building a Thriving FinTech Ecosystem – In this panel discussion, key stakeholders in the metro Atlanta market will speak about how effective public-private partnerships can help nurture FinTech companies, attract new investment, and create an environment for local FinTech growth with global impact. Panelists include Metro Atlanta Chamber President & CEO Hala Moddelmog, FTATF Chair and First Data Executive Vice President Barry McCarthy, Vice Consul for U.K. Department for International Trade Chonchol Gupta, and TruRating CEO and Founder Georgina Nelson. The Wall Street Journal’s Rachel Witkowski will be moderating. The panel will take place in the San Polo room of the Venetian on Sunday, Oct. 23 from 3:10 p.m. – 4:00 p.m.

“Atlanta’s status as a leading innovation hub in financial technology can be clearly seen by the number of companies and startups that call our city home,” Moddelmog said. “I am happy to be given the chance to share the stage with all of these great minds from the FinTech industry.”

Private CEO Dinner – In this private dinner closed to the press, Georgia’s startups will mix with established business leaders in the FinServ/FinTech industry from Atlanta’s “Transaction Alley” in order to open channels for mutual support. The dinner is Sunday, Oct. 23, 7:00 p.m. – 9:00 p.m.

Georgia Startup Reception – This private session will allow startups to meet with capital sources to learn more about Georgia’s startup market. The session will be held before the Transaction Alley reception from 5:30 p.m. – 6:30 p.m. If you are a Georgia startup or a venture capital source, please learn more by visiting LINK

Atlanta’s Transaction Alley Reception – This event is a chance for business leaders and guests to mingle and network. Held at db Brasserie, the event is open to the press, and attendees must RSVP online. There is limited space, and guests can secure their spot by visiting the Transaction Alley Reception event page. The event begins Tuesday, Oct. 25, 6:30 p.m. – 8:30 p.m. 

For more information on these events and others, please visit the Money 20/20 website.

“Atlanta is already the world’s FinTech capital, and First Data is proud to be a leader in building Atlanta’s FinTech brand globally,” McCarthy said. “FinTech is about commerce enablement.  Every business and every consumer every day rely upon FinTech solutions.  At First Data we help enable commerce for businesses of all kinds, including exciting startups like truRating.”

These events were curated by FTA with help from the following partners and sponsors: Advanced Technology Development Center, American Transaction Processors Coalition, City of Alpharetta, Georgia Department of Economic Development, Development Authority of Fulton County, Habif, Arogeti and Wynne (HA&W), Invest Atlanta, Metro Atlanta Chamber, Technology Association of Georgia, and WNA.

“Financial Technology is definitely one of the tech sectors Where Georgia Leads, with Atlanta being home to a number of established and emerging companies,” stated Tino Mantella, President/CEO of the Technology Association of Georgia (TAG). “Our FinTech ecosystem is covering everything from payment processing and digital currencies; to advanced banking technologies and loyalty rewards programs.”

Over the past five years, the shifting legislative landscape combined with evolving technology and consumer expectations brought the previously behind the scenes FinServ/FinTech industry into the spotlight. By capitalizing on this market dynamic, metro Atlanta is now in the process of defining its future as a permanent global industry leader.

The state of Georgia is home to the leadership of more than 100 leading FinTech companies, such as First Data, NCR, Worldpay, and Equifax. With the technology and services provided by these companies, more than 70 percent of American transactions now get processed through Atlanta-based company headquarters, equaling more than $3.5 trillion worth of transactions annually. Metro Atlanta, with partners in Washington, D.C., Silicon Valley, and London, is mapping the policy and innovation landscape that will enable FinTech’s continued growth.

“Transaction Alley launched America’s payments processing industry yet it’s companies were content until recently to stay behind the scenes, securely and effectively moving funds between consumers, merchants and financial institutions,” said ATPC Executive Director H. West Richards. “Atlanta’s payments processing companies mobilized in response to passage of legislation like Dodd Frank to ensure that their voice was heard by federal, state and local governments considering complex policy issues related to cybersecurity, investment and workforce development that will define FinTech’s future, and America’s role in it.”   

About the FinTech Atlanta Task Force 

FinTech Atlanta is a coalition of more than 100 organizations, including Fortune 500 companies, startups, universities, and industry associations, all working to cement Atlanta as the recognized global capital of financial technology. The group strives to fund and fuel efforts to recruit, retain and expand businesses and jobs across the FinTech eco-system in metro Atlanta. To learn how metro Atlanta and Georgia’s FinTech ecosystem is driving more than $30 billion in annual revenues visit www.fintechatlanta.org.