Introduction:
In this episode of “Inside Fintech,” industry experts Phil Hobden and Adam Clarke delve into the dynamic world of fintech events, discussing the Digital Accountancy Show, swag culture, and the environmental impact of excessive merchandise. Additionally, they shed light on noteworthy partnerships within the banking industry, including those involving Revolut, Monzo, Lloyds, and Sage. This article aims to provide a serious and insightful analysis of these discussions, offering key takeaways for industry professionals and enthusiasts.

The Rise of the Digital Accountancy Show:
The Digital Accountancy Show (DAS), previously held at the Tottenham Hotspur Stadium, is set to move to Battersea next year due to its growing popularity. The event’s relocation to a larger, more tech-focused venue symbolizes the industry’s increasing interest in cutting-edge technology and innovation. The podcast hosts note that the event offered a more intimate setting, allowing for meaningful conversations among attendees and vendors. This level playing field was seen as a positive change and garnered positive feedback.

Selective Attendance and Expense Concerns:
Even as the fintech industry thrives, professionals are becoming more selective in their attendance at various events. Richard Sergeant’s consideration of dropping a Accountex London and attending DAS, and Accountex North, demonstrates this trend. Travel expenses, including train fares, accommodation, and food, can significantly impact individuals’ decisions to attend such events. While the tax deductibility of these expenses remains uncertain, these costs can add up, making it essential for professionals to carefully consider their options.

Rethinking Swag Culture:
The discussion on swag culture at industry events raises important environmental and sustainability concerns. The hosts highlight the negative impact of excessive swag and call for a shift towards a more sustainable approach. Phil Hobden emphasises the need for a more conscious approach, urging larger organisations to lead the way in making changes. This change in mindset would encourage attendees to engage in more meaningful conversations rather than simply collecting free merchandise.

Industry Partnerships and Emerging Trends:
The episode also touches upon notable partnerships in the fintech industry. Revolut’s partnership and its expanding presence are seen as significant developments. However, the extent to which their services meet customer expectations remains uncertain. The hosts mention Tink, a fintech open banking platform, but admit their limited knowledge about it, indicating the multitude of emerging players in the industry.

The article further highlights Monzo’s launch of Flex, a buy now, pay later service, and Apple’s plans to introduce a similar service in the US. These moves reflect the growing popularity of this payment model and the rapid expansion of fintech services beyond traditional banking. Moreover, Lloyds’ partnership with Sage and Satago is seen as an interesting move, as it aims to address the perceived product offering gap for SMEs. Nationwide Bank’s decision to roll back on supporting SMEs is also noted, shedding light on the evolving strategies of established financial institutions.

Conclusion:
This podcast episode of “Inside Fintech” provides valuable insights into the ever-evolving landscape of fintech events and industry partnerships. The discussions shows the shifting preferences of professionals, the need for a sustainable approach to swag culture, and the emergence of key players and partnerships within the banking sector. By staying informed about these trends, industry professionals can adapt their strategies and keep pace with the dynamic fintech ecosystem.

Listen to the episode here