This week Copenhagen held the first European Money2020 conference, showcasing the global fintech industry. The talk on the conference floor seemed to evolve around the rise of "neobanks", or app-only banks, machine learning and AI capabilities and (not surprisingly), the shift in valuations towards more sane numbers. It took some time, but seems the industry is clear now that banks will not crumble to the ground, but will rather partner with new fintech startups to generate better, cheaper and sexier services for consumers.