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Open banking at MoMo2024 – Aftermath

Updated: Mar 29



“It’s my first time at MoneyMotion and I am thrilled with how well it went for us. MoMo is different - it is a gathering of experts who not only speak Slavic languages but also go through similar struggles. We managed to easily build new relationships with fellow industry leaders, startups, and potential partners. These connections are instrumental in expanding our network, fostering collaboration, and ultimately driving the adoption of Open Banking solutions across Southeast Europe.” - Mihael Mihaylov, BDO at IRIS Solutions 


IRIS Solutions recently had the privilege of attending Money Motion 2024, a vibrant fintech event that showcased the latest trends and innovations in the financial technology sector. As the leading Open Banking Third-Party Provider (TPP) in Southeast Europe, our presence at this event was not just a participation but a testament to our commitment to staying at the forefront of financial innovation. 


Ana Maj Founder & CEO at CreatLink on Transforming the Payment Ecosystem through Emerging Technologies 


Money Motion 2024 served as a melting pot of ideas, bringing together industry experts, thought leaders, and innovators from around the globe. The event provided a platform for networking, knowledge sharing, and collaboration, fostering an environment conducive to driving positive change within the financial landscape. 


Open Banking, AI And The Latest in #Fintech On MoMo 2024


One of the key highlights of Money Motion 2024 was the emphasis on Open Banking and its transformative potential. Open Banking has been revolutionizing the way financial services are delivered, enabling greater transparency, competition, and customer empowerment. As a TPP, we recognize the pivotal role that Open Banking plays in driving innovation and enhancing the customer experience. 

 



IRIS Solutions team at MoMo’24. From left to right – Mihael Mihaylov, BDO and Georgi Penev, Head of Growth and Marketing 


Throughout the event, there were insightful discussions and panels addressing various facets of Open Banking, including its impact on traditional banking models, regulatory challenges, and the emergence of new business models. These discussions underscored the importance of collaboration between traditional financial institutions and fintech companies in harnessing the full potential of Open Banking. 


Moreover, Money Motion 2024 provided a platform for showcasing cutting-edge technologies and solutions that are reshaping the financial landscape. From artificial intelligence and blockchain to digital identity and cybersecurity, the event showcased a diverse array of innovations that are poised to revolutionize the way we conduct financial transactions. 

 

MoMo 2024 Startup Competition and IRIS Solutions' PayMyStay


During the event, we had the exciting opportunity to participate in the Startup competition with our newest product - PayMyStay, an embedded finance solution for the hospitality industry. While we did not emerge victorious in the competition, we had a lot of fun showcasing our innovation and engaging with fellow participants and attendees. PayMyStay represents our ongoing commitment to leveraging technology to address real-world challenges and deliver value to our clients in new and innovative ways. 


Georgi Penev, Head of Growth and Marketing pitching PayMyStay 



At IRIS Solutions, we were delighted to engage with fellow industry stakeholders, exchange ideas, and explore potential partnerships that can drive mutual growth and innovation. Our participation in Money Motion 2024 reaffirmed our commitment to leveraging technology to deliver seamless and secure financial solutions to our clients across Southeast Europe.


In conclusion, Money Motion 2024 was not just another fintech event; it was a milestone in our journey towards a more open, inclusive, and technologically advanced financial ecosystem. We are excited to continue pushing the boundaries of innovation and shaping the future of finance in collaboration with our partners and stakeholders. 


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