Jim Barrood, CEO of the N.J. Tech Council, said the collision of the finance and technology industries has become more pronounced throughout recent years.
Particularly the advent of the smartphone and how it’s opened up new payment options.
“This is something that’s important to everyone: making payments and taking the friction out of it,” he said. “Whether it’s big companies like MasterCard, which is doing some really innovative things, to something like Venmo, which is making it easier for people to just pay each other via phone.
“Our intern just told us she used Venmo last night,” he said, with a laugh.
To that end, Barrood said events like this aren’t just for the finance and technology industries, but rather the entire business population.
The event, which lasted all afternoon, included several panels focused on the ways in which technology is reshaping the financial industry.
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