What Happened at This Year’s Money 20/20

For fintech and payments companies of all sizes, Money 20/20 is a jackpot for networking and discussions on how technology will impact the future of money. Over the past year, we’ve observed new fintech companies break into the market, VCs flock to fund the next big idea and companies expanding to become a one-stop-shop for consumers and businesses. 

This year’s show trends were just as exciting. What happens in Las Vegas doesn’t necessarily stay in Las Vegas. Here’s what we saw and learned at this year’s show.

News that had a hot streak

Uber Money: Announced during a keynote, Uber is breaking into the financial industry offering drivers instant payments through a new no-fee checking account and debit card. Uber’s newest venture into finance is the latest venture of a startup venturing into territories previously held by traditional banks.

Amazon and Payments: No doubt with Amazon’s continued dominance in commerce that they’d make a splash by jumping into payments. At a keynote, Amazon announced a simple new Alexa tool, paying utility bills by voice.

BlueVine Business Banking: As startups continue to fill in the gaps where traditional banking falls short for consumers, BlueVine (a Highwire client) announced a monthly fee-free checking account service designed for small businesses – filling the gap left by traditional banks leaving most SMBs to use consumer accounts and pay $400+ in fees. 

What’s Trending

This year’s official #Money2020USA Twitter hashtag saw more than 24 million potential impressions from more than 1,200 contributors during the span of the show. During the span of the show, there was an average of 668 tweets per day with the hashtag. Looking at this year’s trends on Twitter, payments came away as the clear topic of interest. Just behind payments, AI was another buzzword top of mind during the show. Meanwhile, blockchain, cashless and cryptocurrency fell short on capturing Twitter’s attention.

20/20 Planning Tips

With the size and magnitude of Money 20/20, breaking through the noise to reach customers, reporters, potential partners and investors can prove to be challenging. As we enter planning for next year, consider standing out with digital activations. Having an always-on social strategy with video, polls and Q&As is a strong way to cut through the noise.

Using the right hashtags is key to reach a broader audience. For example, using #Money2020 saw nearly a third of the impressions as the official #Money2020USA tag saw, even with about half the number of tweets and contributors.

At this year’s show, Highwire PR had five clients in attendance. With our roots in journalism and deep experience in fintech, learn how we can elevate your story through traditional and digital communication campaigns. Reach out to our payments/fintech lead, Kim Paone, or shoot us a note at hi@highwirepr.com to learn more.

Rock Health Summit 2019: A Look Into the Future of Digital Health

Last month, Rock Health hosted their annual two-day summit in San Francisco which brought together more than 700 diverse people from technology, medicine, policy, and beyond to tackle healthcare’s most challenging problems. 

Industry leaders in the digital health space participated in panels and keynote speeches discussing how far the industry has come and where it’s headed. A few members of Highwire’s digital health practice were lucky enough to attend and compiled a short list of the most interesting trends heading into 2020.

The New Competitive Landscape in Healthcare

Executives from Healthineers, Salesforce and Sutter Health came together to talk about their digital strategies and where the competition within the digital health landscape are heating up. It’s no secret that most tech companies are trying to enter the health space, but why?

The panelists discussed that beyond heath being a gigantic business and accounting for 1/6 of the economy, some of the most important technologies come from the health space and tech companies know they can help contribute. Whether their contribution is providing an app to make things more accessible, providing AI tools to aggregate data or providing security for data, they know they can help.

In terms of competition, the biggest race the panelists are seeing is telemedicine versus traditional healthcare providers. Years ago you would go to your physician to get diagnosed or treated and now we’re seeing retail companies like Amazon entering the space who can contribute and offer services to people.

Key takeaway: Competition is evolving outside of traditional healthcare providers and it’s new players in the space like Amazon that will continue to shake up the healthcare landscape.

Healthcare Techlash is Here

Led by CNBC’s Chrissy Farr, this panel included executives from American Medical Association, Verily and Google discussing what the healthcare techlash is and how companies are dealing with it. Unanimously, it was agreed upon that it is affecting every aspect of our lives and it all comes down to one thing: data. 

There’s an ongoing debate between tech and healthcare companies as to who should own the data and what data should be shared. The panelists emphasized that we need to build that bridge tech companies and healthcare so that we’re benefiting the patient — data allows us to fully understand a patient.

Key takeaway: We need to create partnerships between physicians, healthcare and tech developers to better treat patients. Without these partnerships, crucial data will be kept from professionals who need it and patients will not be getting the care they need.

The Next Frontier of Digital Drug Discovery

Arguably the most heated panel of the event, executives from Insitro, the FDA and Ciitizen discussed pharma’s investment in digital tools, where impact is today, and what we can expect the R&D pipeline to look like in the not-too-distant future. At the focus of this conversation yet again, was data. However, this discussion focused on high-quality data and how this is the key to creating new drugs that will benefit patients. 

What made this discussion so lively was having the opinions from two executives at tech companies and the opinions from the FDA. Both tech executives discussed how there needs to be a shift in drug discovery, instead of mass-producing drugs, create drugs that appeal to a smaller population and treat more specific cases. To which the FDA said that in order to do this they need to build new technical infrastructure to scale for the future and prioritize individualized and tailored drugs.

Key Takeaway: Data is to creating and producing drugs for the future — without high-quality data the industry will struggle to keep up with the demand for new drugs that benefit patients.

Hearing from industry leaders with different backgrounds and their points of view on where the pain points are now and the endless possibilities of digital health companies in the future was extremely valuable. The biggest takeaways from this year’s summit and what we’ll be looking out for in the digital health space would be the need for partnerships between tech companies and healthcare, the need for high-quality data. 

Let us know if you’d like to connect with Highwire PR to talk through how communication will change the game for the digital health industry. Contact digitalhealth@highwirepr.com  for more details.

Digital Tips for Event Promotion

When it comes to planning an event for your company, designing and leveraging digital assets is one of the greatest opportunities for your business. Branding isn’t just throwing your logo on a graphic, sending out some tweets and crossing your fingers for high engagement. It comes down to the overall messaging and display.

We wanted to share some tips and tricks based on Highwire’s recent Security Panel, Privacy and Policy in the Age of Disinformation, and how it helped both our digital and design teams. Here’s our process:

  1. Think about the goals and objectives of the event itself. What are you trying to illustrate to your target audience, and how can you display that in your graphic? For example, the goals of Highwire’s Security Panel were to educate on the matter of Disinformation, and, of course, garner interest in attending from our target audience.
  2. Get educated on design. To non-designers, photo-editing, vectoring, masking, etc. may seem a little overwhelming. For beginners, it’s best to start by learning the principles of design – balance, emphasis, movement, pattern, repetition, proportion, rhythm, variety, and unity. Also, take into consideration color, typography, graphic elements and composition to help promote your event the best way possible while staying on brand. Finally, there are platforms out there that can help beginners get started with design. Free tools that could be great resources include Canva, Picmonkey, and Vectr.
  3. Plan it out. Having diversity throughout graphics is crucial in the promotion of the event as it keeps the information interesting, while also consistent and straightforward to the audience. Always include photos from the event to promote afterward on social channels.
  4. How are you going to promote this event with these graphics? Think about what social platforms resonate best with your target audience and when that audience will be online. You don’t want to post when no one will see it.

With these tips, you’ll be able to start designing and leveraging your digital assets to promote your event in the best possible way. For more information, contact Highwire’s Digital Studio at digital@highwirepr.com