The Finance Magnates Virtual Summit (FMVS) was a huge success, drawing thousands of attendees from around the globe. Attendees from all corners of the industry gathered together to discuss the future and what to expect in 2021.

Were you unable to attend or could not catch all of the latest insights from the industry-leading executives? Don’t worry, all FMVS content will remain eligible for viewing for the next thirty days. Simply register and login to get caught up!

This includes all of the free resources available for attendees that can be viewed on the menu bar, complete with exclusive educational materials and offers via your personalized swag bag.

Attendees can explore a full day’s worth of webinars, panel discussions, and workshops covering the online trading, digital assets, fintech, and  Payments  Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times. Read this Term space.

We hope you enjoyed the event as much as we did, and walked away with bigger networks, connections and new experiences and opportunities for your business.

FMVS Unveils 2020 Awards

The FMVS concluded with a special awards ceremony, hosted by Maddox Dixon, who put on quite the show.

Each of the top-performing brands from around the industry were also crowned victorious across an expanded list of 22 categories in 2020.

Just how important are these awards? The Finance Magnates Awards represent the very best performing brands that stand out in the industry during the year.

The winners had to make it through multiple rounds of voting, which was determined entirely by industry peers. The prestigious honors bestow bragging rights for the next year and help solidify these brands on the map.

The full list of the Finance Magnates Awards winners in 2020 are as follows:

• Best Retail CFDs Broker: CMC Institutional
• Best ECN/Execution Venue: Tradetech Group
• Best Retail FX Broker: Saxo Bank
• Best FX Trading Platform: MetaQuotes
• Best B2B Liquidity Provider: Tradetech Group
• Best Connectivity Provider: oneZero
• Best White Label Solution: CMC Institutional
• Best Multi-Asset Trading Platform: MetaQuotes
• Best Emerging Fintech Startup: Antelope
• Best Regtech Reporting Solution: Cappitech
• Best Automated Performance Tool: Panda Trading Systems
• Best Challenger Bank: Swissquote Bank
• Best Investment/Trading App: eToro
• Best Payment Service Provider: Zotapay
• Most Outstanding Innovator in Payments: Worldpay
• Best Crypto Solution for Payments: B2Binpay
• Best Cryptocurrency Exchange: LMAX
• Best Tailored  Blockchain  Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term Solutions: Broctagon Fintech Group
• Best Crypto Wallet: Crypto.com
• Best Institutional Crypto Custodian: Coinbase
• Best Legal/Compliance Firm: Treppides
• Best Marketing/PR Firm: Wigwam

Lastly, from all of us at Finance Magnates, a big thank you to all of our attendees, exhibitors, sponsors, speakers, partners and friends – thank you for joining us!

We would appreciate it if you take a couple of minutes and fill out the FMVS survey. We wish you a fruitful end to the year and will be excited to welcome you back at our events in 2021!