On December 6th & 7th in London, England the international exhibition FinTech Connect Live was held. The firm Transact Pro also took part with its own exhibition booth.
This year, more than 2,500 participants attended the event. FinTech Connect Live had more than 150 exhibition partners and visitors taking active part with their own exhibition booths. Among the partners and participants were such world class players in the market such as HSBC, Royal Bank of Scotland, Barclays, Citi, Revolut, Gemalto, and Wirecard just to name a few.
During these two days, various seminars, presentations, panel discussions, and master classes with world class FinTech experts were held. The FinTech Connect Live event presented a forum at which the views of banks, Payment and FinTech companies were heard and hence, multifaceted views of the finance sector its trends and developments were discussed.
"People want concrete solutions for concrete applications. In the near future, it is highly probable that traditional bank products and innovative tools will work in tandem making the customer interface in financial services even more convenient. In fact, the largest European bank infrastructure is being expanded to include new departments working in new product research and testing in biometrics, “blockchain” technology, customer behavioral analysis and other interesting areas. As a result, vast, innovative improvements await the financial sector. Unfortunately, these innovations are arriving with delays into the Latvian market. This can be seen with the contactless payment card introduction into Latvia, which had already been in the U.K. since 2007, ‘’ stressed the Transact Pro head of development Jurijs Bordulans.
In the future, making payments should become much easier according to Jurijs Bordulans: "In the future, payments will become invisible. Today, this tendency has been seen in the taxi business where a client can get into a taxi, arrive at his destination and pay for the trip without taking his wallet out of his pocket. The same principle is beginning to take hold at supermarkets as well. It will be possible to go into a store, shop, and then leave that store with the payment being made “in the background.” The example of the recently launched “Amazon Go” solution in which the settling of payments is done via video surveillance where all purchased goods of said client are registered seamlessly and smoothly without further inconveniencing the customer."
Transact Pro participated in the exhibition booth with the motto: "Build Your Own FinTech Solution”. In this way, the company accentuated its financial solution modularity.
Many exhibition visitors sought possible cooperation with Transact Pro. The most interest was expressed by financial sector representatives from Great Britain, France and Slovakia. "Our company effectively presented itself at the exhibition and many companies from Western Europe took a keen interest in us. Transact Pro aims to expand its operations into Western Europe, to cooperate with FinTech industry leaders and to develop new solutions for the financial services industry," stated Jurijs Bordulans.