We dive into the interesting world of ethical hacking. Our first guest Jamie Woodruff takes us through his unique university entry, why your computers might not be the cause of your network's security breach and how posing as a pizza delivery man helped him gain entry into a companies headquarters.
Chris then interviews Sergey Pavlovich, a Russian 'carder' who made it big defrauding banks, and after a stint in prison, started working to defend against people like him. Sergey tells us about how he earned thousands from stolen credit cards and why working for the good guys works out better in the long run.
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by Ollie Judge
We attend the Money and Mental Health Tech Sprint. With the help of new Fintech Insider host Dr Harriet Bedell-Pearce we explore new ways technology is being applied in Fintech products to foster better lives for those with mental health disorders.
We hear about the projects built at the tech sprint to help control volatile spending habits caused by mental challenges, how red-tech can help provide regulators with the data they need to make a difference and how taking a personalised approach to mental well-being projects may the way forward for the industry.
Gerhard Coetzee is making a real difference in the world of financial inclusion. As Lead Financial Sector Specialist at CGAP, he heads up a team of 50 people who are focussed on the role of financial services in the economic and social reality of poor and low-income people.
Simon Taylor caught up with him to find out about the challenges he faces and why customer-centric design and partnerships are so central to his approach.
"If you do not understand the customer, the poor person in their life, the challenges they have, the pain points they face, then it will be very difficult to provide a service that they will use."
"I believe strongly in living your life in such a way that when you leave something, it is better than the way you found it."
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by Martin Spain
We’re at the 2017 Innovate Finance Global Summit, one of the most prestigious conferences for the financial technology industry. This annual event provides a platform that convenes the world’s global institutions together with startups, policy makers and investors to share ideas and solutions to the challenges facing financial services.
Alessandro Hatami started with road building in Africa as an engineer, on to direction setting at Lloyds and now he is helping traditional business find and engage with the right digital services partners at The Pacemakers.
11:FS CEO, and ex-colleague of Alessandro, David Brear sat down to find out more about helping large organisations be innovative, how partnering in FinTech is replacing the disruptive narrative and the impacts of Brexit on all of the above.
by Aden Davies
From dreams of running a five-star hotel to the reality of running a five-star bank, Ashok Vaswani, the CEO of Barclays UK, speaks with Simon Taylor about culture, digital transformation challenges and opportunities, frontline empowerment and how Simon might be able to buy a Lamborghini in the future.
“We touch 24 million customers in the UK, so 63 million people, if you humour me, and say 15 million less than 15 years of age, that leaves 48, we touch one out of every two people in the UK. Now, that’s an awesome position to be in, right?“
“I’ve now started having dinners with CEOs of other businesses, other industries, corporate clients of ours, and saying, “Hey, you guys are big, big in your-,” you know, people like British Airways, AIG, GE, Day Lewis, all these big companies, and say, “You guys are struggling with the same thing, we’re struggling with the same thing, can we actually talk together and, you know, do stuff.””
Barclays takeover! Over the years, Barclays have pioneered tech in financial services, from the first UK bank to launch the ATM, to their award-winning app. We sit down with four excellent guests, including CEO Ashok Vaswani, to discuss the impact of PSD2; the challenges and opportunities that come with being a 357-year-old bank; how to attract fresh talent in a world filled with tempting FinTech startups; and more.
“I’m hugely excited about it. I think, as a customer, it’s going to present me with completely different opportunities about how to manage my finances, and, as Barclays, we are right in at the heart of that, and helping that happen. I want to be confident that I can recommend to my friends and family that they should feel comfortable to move their data around, so we need to make sure that we’ve got customer protection at the core, so I feel safe, which means I can get all those great competitive advantages.” – Catherine McGrath
“Customers never think of, “I want to go to a channel,” or, “I want to go omnichannel.” They’re saying, “I want to be served by Barclays.” That’s how people look at it, and that’s exactly our view. So the question for us is, how do you solve a customer need? And what is the need you are trying to solve for? It’s not about which channel you want customers to come to, it’s about what do they want? Is it convenient?” – Ruchir Rodrigues
‘'I can count ten programmes where we’ve spent a lot of money on, and frankly they haven’t gone anywhere, right? Okay, we thought it was a great idea, we made a mistake, we drank a glass of water, it was over, we move to the next thing, right? I mean, the speed of change is so rapid that to think that everybody’s going to get everything right is foolhardy, right? So having the ability to actually do it, having a culture where everyone, as a team, we are committed, we are just absolutely committed to making this happen, so we’re putting our money where our mouth is. ' Ashok Vaswani
“I think it’s as important to look at non-competitors, I saw WhatsApp launching p2p payments in India, Alibaba and what they’re doing […] in Asia and the APAC region, we have to not just look at banks. We have to look outside of industry and what’s going off, because that’s going to be more important, in my view, in the next five to ten years.” – Frankie Woodhead
The day after the 11:FS birthday bash, we get hangover deep on FinTech Insider News – misquoting American presidents and everything when discussing the U.S. Congress’ decision to let ISPs sell your web browsing history to anyone without permission.
“What’s interesting is that Facebook and Google, and especially Apple, have been pushing back on government requests for data quite publicly – and probably quite a bit more, privately.” Simon says. “Whereas the ISPs weren’t. The ISPs’ selling point here is, ‘Well, we’ve been selling you data forever on everything you want to see, give us this access and you’ll get to see everything you want to see on a terrorism standpoint.’ There’s an Abraham Lincoln quote, and I’m going to butcher it, but it’s something like, ‘If It’s liberty or security, I’d take liberty every single day,’ and I’d be willing to sacrifice a little bit of security for it. We seem to have lost that, in society, to a certain degree.”
Give us liberty or give us death (just to throw another American patriot into the mix).
Joining us for this week’s analysis of the news:
Alipay dominates financial news. On FinTech Insider, we joke about creating a jingle for ‘Alipay does a thing.’ What’s really interesting to us about Alipay is the Ant Financial business model of ‘payments as a wedge product’ to drive other financial services. We talk to a lot of banks now that want to become marketplaces, having looked at Alibaba and Alipay as the model to copy. In this episode, Rita Liu, Head of Alipay Europe, Middle East, and Africa, talks to us about Alipay’s growth ambitions and why China is such an exciting region for FinTech and financial services.
“We have been active in the global market for a while, all driven by our consumers’ needs,” Rita says. “Alipay is the most popular online payment option for Chinese buyers. So we have been distributing Alipay as a payment option for ecommerce players outside of China.
“In China, mobile wallet has become an increasingly popular way to pay in the physical world, and that is driving us to do the same in the global market. We follow the Chinese tourists’ footprint in the world, to enable the merchants to be able to offer the same experience that our users can have in China while they travel. So that’s why we have started to develop merchant acceptance in the physical world, to accept Alipay.”
RegTech is sexy. No, really, it is! RegTech goes beyond developing new technology to meet regulatory requirements – and it does more than save banks money. It’s about automating manual tasks and upskilling humans so their new work makes them feel valued. It’s about helping customers get better advice and service. It’s about making sure the business doesn’t come crashing down when the person in charge of the spreadsheet moves on.
In this episode of FinTech Insider, we’ve assembled an expert team to explain what RegTech is and how to take advantage of this opportunity – and imperative – to transform your business (you’ll also learn about Jason’s regulation chaos monkey idea ????).
Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. Consider it a birthday present to us – 11:FS turns 1 today! ????
Article 50. Well, we went through with it and signed the divorce papers. Does the triggering of Article 50 put FinTech at risk in the UK? On this episode of FinTech Insider News, you'll hear a range of opinions, from fear the UK is throwing away its work to lead the globe in FinTech, to optimism that London has the talent and regulatory regime to remain one of the world’s greatest cities. We also talk about BBVA joining Hyperledger; Alibaba and Tencent and the coming FinTech boom; and 11:FS celebrating its first birthday ????????????
As part of this milestone, we’ve officially launched 11:FS Pulse, our competitor insights research platform. We think you’ll love it.
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What were you doing when you were 20 years old? Ollie Purdue was studying law...and founding a company to transform the banking experience. He didn't want to be a lawyer, or a banker, but he did want to solve a problem facing many students: budgeting and forecasting how much money they'll have and need every month.
"At the time I was studying, I kept getting really frustrated with my bank account. It was just unable to tell me basic things about money, and that’s, kind of, what a bank’s meant to do, right?" Ollie says. "My bank wouldn’t tell me, when I got paid, how long that money will last. It wouldn’t tell me where I can cut down on my spending, and it wouldn’t tell me if my spending’s normal. So I was in a position where I never really understood my money, and I just didn’t get it, and then I tried budgeting apps and things like that, and they were really clunky...So it became really clear that a bank needed to be much smarter with data, and present that in a better way, and that’s kind of where it started."
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A lot has been happening in the Singapore FinTech scene recently. The Monetary Authority of Singapore (MAS) is bound to invest more than $225 million Singapore dollars, or $158 million US dollars in FinTech by the end of 2020, and there’s a lot of hope that this can cut out costs from back office systems, and become truly transformational for the market and the region. In this episode, we take a step back, and, with help from FinTech experts in the field, paint a rich picture of what's happening in Singapore today.
Anna Vanessa Haotanto, CEO of The New Savvy; Business Development Director at Tera Capital
Gerben Visser, Co-Founder of Singapore FinTech Consortium
Joe Seunghyun Cho, CEO at LATTICE80; Co-founder and Chairman at Marvelstone Group
Scott Bales, Managing Director at Innovation Labs Asia
Varun Mittal, Associate Director, Asia-Pacific FinTech at EY
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We're very excited about the launch of Clear Bank, the first clearing bank to be authorized in the UK for nearly 250 years. There’s been a lot of business model innovation at the front end - we’ve seen apps doing more convenient FX, more convenient remittance, we’ve even seen peer-to-peer payments, but nobody’s really attacked the rails.
"This is where I’m super excited to see FinTech go. This is a proper, proper geek moment," says guest Sarah Kocianski, Senior Research Analyst, FinTech, at Business Insider Intelligence. "There has been a lot of interesting stuff on personal finance management, consumer banks - that’s happened already - but for any kind of change to happen in the wider financial services ecosystem, those back ends have got to be updated. They’ve got to be upgraded. They’ve got to be using Cloud and API. That’s why this story really, really excites me. Because I think now we’ve got that key piece of the infrastructure. We can start to see movement. They’re not just looking to serve FinTechs. They’re going to try and serve the big guys, too. You can speed up your processes. You can innovate more easily if you connect with these guys."
Alexander Ball, Managing Fintech Consultant at ING
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Antony Jenkins, former CEO of Barclays, has spent 35 years working in large financial services institutions. He says that it struck him that, although there's a lot of technology in banks, it doesn't help much when it comes to improving the customer experience or lowering costs, and it hasn't improved the reputation of banks within society. He founded 10x to create a new banking experience — one that is more diverse, open, and fair. In this episode, he talks to us about his new company, the future of banking, and the transition from running one of the biggest banks in the world to founding a startup.
"When I left Barclays, I began to look at what was happening, not only in the FinTech scene, but also with the underlying technologies. I became convinced that there was an opportunity to create the beginnings of a very different way of doing banking," Antony says. "We set up 10x to deliver the capability to do that. It's basically a full set of capabilities that a bank would need to operate. I like to think of it as providing better functionality than a neobank at lower cost than a big bank, and in a much more transparent way. That’s what we’re building at 10x."
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We’ve brought together some of our favourite folks from the world of FinTech challenger banks. In this episode, we talk to Starling, Fidor, and Loot about their business models, who their customers are, and how they’re using technology and data to provide a great customer experience. We also discuss the challenges they’re facing, what agile really means, and what’s coming up for them in 2017. Enjoy the show!
Megan Caywood, the Chief Platform Officer at Starling Bank
Sophie Guibaud, the Vice President of European Expansion at Fidor
Ollie Purdue, Founder and CEO at Loot
“We like to spend a lot of time talking with our customers,” Megan says, “not just usability sessions, but chatting with them and understanding how they’re currently using their banking products and where those pain points are. What we hear time and again is that what they’re used to expecting – seamlessness and ease of use from other apps and products – just isn’t what they see from their bank.”
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On this episode of FinTech Insider we cover all sorts of intrigue, from money laundering, to tantric blockchain, to narcotics. Of course, we also analyze the latest FinTech headlines so you don't have to, and interview some of our favourite folks at solarisBank and Penta. Thank you to our guests for another fun episode.
Monty Munford, writer for The Economist, BBC, Forbes, and Fast Company, and Founder of Mob76
Megan Caywood, Chief Platform Officer at Starling Bank
Sophie Guibaud, Vice President European Expansion at Fidor
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The Financial Conduct Authority’s progressive regulatory policies have been credited with helping to make London one of the world's finest FinTech centres. In episode 126 of FinTech Insider, we spoke with several participants of the FCA's regulatory sandbox, created as a ‘safe space’ for startups and companies to test ideas before becoming fully regulated. In this episode, we interview FCA Policy Director David Geale on the thought behind the sandbox, and more. Enjoy the show!
"The sandbox is there for firms who really need to test in a live environment," David says. "The example I often give is around disclosure. If I actually present something to you and say, 'This is the current disclosure, here’s a new version, which one of these do you prefer? Which one of these do you understand?' well, to a degree, that’s cheating. It’s better than nothing in terms of testing, but you’ve cheated, because you’ve got people to read it in the first place, and that’s generally the core challenge, is getting people to engage, getting people to read. So if you can test that in a live environment, and say, 'Okay, we know what you would have had, now what’s the difference in actual behaviour with this new form,' or new style, maybe digital disclosure, for example, you can actually really see the impact of the results."
Enjoy the show! If you like what you hear, subscribe, review us on iTunes, and follow us on Facebook and Twitter. You can always email us at firstname.lastname@example.org.
Technology is failing banking. Bankers know what a great customer experience should look like, but they're often prevented from delivering on that due to ancient legacy systems. And as long as they operate in a cobbled environment with 1,000 subsystems, they will never have a truly digital bank. Meaning they can't compete with the banks that will win in the future. But don't despair. Our guests discuss the steps to take to create a state-of-the-art core banking system that can deliver next-gen solutions.
Mark Warrick, Director of Creative & Design at Thought Machine
Ben Robinson, Chief Strategy Officer at Temenos
Conor Fennelly, CEO at Leveris
"The nature of this problem is systemic, it’s not symptomatic," Conor says. "Banks are not afraid to invest in their technology. In fact, they invest massively in technology. The real issue is that it’s not effective spend, and the real problem facing most CEOs or boardrooms in banks is the risk associated with making the move.
"Banks are not monolithic systems, they’re made up of hundreds of subsystems. If you want to make a change in those subsystems, you’ve got to regress your testing through the entire environment. That’s the reason why 80% of your cost is in running the bank, and only 20% can be in change. In fact, it’s probably more exaggerated than that. If you want to make a change, you’ve got to build an architecturally superior system."
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Taking the bull by the horns. We absolutely loved the statue that Wall Street fund manager State Street installed as part of International Women's Day. A bronze girl faces the bull of Wall Street as part of a campaign to encourage companies to put more women on their boards. FinTech Insider co-host Simon Taylor saw a second message in the symbolism: State Street will protect your money, standing up to the scary market without fear. Another best-in-class example of good marketing this week: the customer communications that came out of the FinTech firms' outage. Monzo, Loot, and other companies got a thumbs up from customers for the transparent way they managed the issue. Hear all about this and more on this week's FinTech Insider News.
Andra Sonea - Fellow at Anthemis Group
Jeff Tijssen - Head of FinTech & Digital Partnerships at Capco
Ali Paterson - Editor in Chief at Fintech Finance
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As CEO of WeChat Africa, Brett Loubser's role is to leverage the WeChat platform to the greatest extent possible in Africa. However, the market conditions in this continent are completely different from China. A focus on a chat app didn't make sense for Africa, given the significant competitor products. Instead, Brett and his team focused on 'the absolute power of the platform.' In this episode of FinTech Insider, Brett shares great examples of how working with partner companies has proven to be such a great business model.
"Our first major push into showcasing the power and potential of WeChat as a platform was the launch of Cliff Central," Brett says. "We worked with a very bright young chap by the name of Gareth Cliff, who is one of the biggest media personalities in South Africa. At the time, he was the most popular radio DJ on the biggest free-to-air radio station in the country. He was looking to launch something of his own, and so we launched a digital radio station along with him on our platform. And that worked incredibly well because, not only was there the obvious benefit of partnering up with somebody who had a huge personal brand in South Africa, but also the benefits of showcasing digital radio being delivered on a chat platform was stopping people in their tracks."
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FinTech isn’t disrupting the financial industry in Africa – it's building it across the continent. And because it's being building without much legacy, by default it's digital as a platform. In this episode of FinTech Insider Insights, we'll shine a light on some great FinTech stories coming out of Africa, including approaches and ideas that incumbent institutions will find incredibly useful.
Gerhard Coetzee, Lead Financial Sector Specialist at CGAP
Lesley-Ann Vaughan, M-PESA Co-Creator
Ron Webb, Director of Financial Services at Safaricom
Brett Loubser, CEO at WeChat Africa
"I'm extremely excited by how we’re going to see an increasing daily relevance of payments in people’s lives," Ron says. "P2P transactions have been hugely important, and have been the bedrock of what M-PESA became. But you only send money P2P to your relatives, or people that you’re supporting, on a periodic basis. But you do merchant payments every single day – and many of them – and the increasing use of e-value in those day-to-day payments will increase daily relevance and create even more opportunity."
Banking APIs Aren’t about Tech or Banking
11 Banks and FinTechs Doing APIs Better Than You
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Is PSD2 an opportunity or a headache for banks? FinTech Insider News guest Ben Robinson says we're still underestimating the magnitude of what the regulators are asking banks to do, "which is basically to put their inventory online. Asking banks to give up their transactional data is like asking Google to give up its metadata. You can see why banks wouldn’t want to."
Also in the news, Monzo's crowdfunding (and outage); our new favorite rap song; and Orange is the new bank.
Christopher Burniske, Blockchain Products Lead at ARK INVEST
Ben Robinson, Chief Strategy and Marketing Officer at Temenos
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Blythe Masters spent 27 years at JP Morgan in a variety of roles, including running the global commodities business, working in structured credit and fixed income markets, and serving as CFO of JP Morgan’s global investment bank. After leaving in 2014, she planned on taking a year off, but then blockchain caught her eye and she joined Digital Asset, where she's CEO. In this interview, Blythe describes their technology as blockchain-inspired, explains what this means, and shares what Digital Asset is working on.
"This is a once in a generation opportunity to fundamentally change the way the financial market infrastructure works," Blythe says, "and that is for the greater good of everybody."
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When it comes to innovation, can big, established banks compete with agile startups? Culture is the major barrier to digital transformation for larger organizations, so we talked to execs at the Global CIO Banking Summit to get their insight. Stay tuned for actionable examples on how to change your culture, how to measure this, and where to look for inspiration.
"At DBS, we gave up our training budget of sending executives to fancy business schools and have started putting them through hackathon experiences," says Paul Cobban, COO, Technology & Operations at DBS Bank. "You take these guys and you give them three days of digital exposure, and then for two days they work with a real startup on a real problem. So you get the stodgy banker meets the 22-year-old coder, and the stodgy banker says, “Let me tell you how this is going to be,” and then the 22-year-old coder says, “I don’t think so,” and so you go through this storming, norming, performing cycle in about half an hour, and then they’re going to get on and do some real stuff."
Mark de Munk, MD & CIO, International Wealth Management IT Solutions & Products at Credit Suisse
Ricardo Rola, EMEIA CIO at Itau BBA
Paul Cobban, COO, Technology & Operations at DBS Bank
Adrian Samareanu, Global CIO & VP, Operational Excellence at Volvo
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Bill Gates wants a robot tax to compensate for job losses; Liverpool launches its own local currency; Atom Bank hires will.i.am as a banking consultant; and more.
Alessandro Hatami, Managing Partner at The Pacemakers
Andra Sonea, Fellow at the Anthemis Group
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We talk to James Lloyd about the incredible FinTech innovation and uptake happening not only in China, but across Asia. James is the Asia-Pacific FinTech Leader at EY, and our point of reference for most of the phenomenal stats coming out of the region. Did you know that during Chinese New Year – which is only 6 days – 46 billion transactions happened on WeChat alone? That’s 46 billion “red packets” – the money you send as gifts. 46 billion!
“In London, getting access to a bank account or a credit card or a basic investment or savings product is relatively straightforward,” James says. “In China, traditionally the banks have focused on supporting corporates and state-owned enterprises. So there has been this unmet need, this market gap, that the big technology players have really moved pretty aggressively to fill.”
If you enjoyed this episode, please share the love and tell a friend about FinTech Insider, and leave us a review on iTunes—this helps people find us.
The post Ep217 – EY’s James Lloyd: China’s Not Just Mobile First – Often It’s Mobile Only appeared first on 11FS.
Our mantra is digital banking is only 1% finished, and people usually react in two ways to this. Either they believe banking has got miles to go when it comes to tech advancements, or they think digital is merely a way to distribute analogue products. At 11:FS, we believe we’ve got 99% to go, and we’re really excited about the future of banking. But how do we get there? At a recent event in Oulu, Finland, 11:FS CEO David Brear shared the first 5 steps to transform your bank. Watch the video.
The post Ep216 – The First 5 Steps to Transform Your Bank appeared first on 11FS.
Amazon is looking to buy Capital One, or so goes the rumour. It’s been predicted for a long time that Google, Apple, Facebook, and Amazon would get into financial services, but Amazon is the only one of those companies that specifically needs a payments facility in their core business. James Arscott, CCO of invstr, joins us to discuss this and other headlines, including bitcoin going from funny money to something legit in Japan.
We also talk to TrueLayer CEO Francesco Simoneschi on banks becoming software companies; to BBVA Open Innovation Manager Marisol Menendez about BBVA’s competition to find a new model for low interest rate banking; and BodeTree CEO Chris Myers about the three steps FinTechs need to take to survive.
Are you listening to this podcast while on a nice little jog? If so, woo-hoo! We hope we motivated you. Could we ask a favour in return? Please take a sec to review us on iTunes so more people can discover us. Thanks in advance! Love, FinTech Insider.
The post Ep215 – Cookies, Funny Money & What if Amazon Buys Capital One? appeared first on 11FS.
When most banks are bribing people to join with £100 or a Rihanna CD, Monzo is doing the opposite: building a bank customers love, involving them in its development, and being so amazing the network blows up like Facebook. Monzo, the bank that broke Crowdcube, now has more than 100,000 customers. Next milestone: 1 million. Here’s how they’ll do it.
“We’re trying to build the first bank with real network effect. Skype is a great example. The more people you bring onto Skype, the more people you can call,” Tom says. “How did Instagram or Snapchat or Facebook grow? It wasn’t marketing. It was an amazing product with true network effect. We’re trying to learn those lessons. 85 or 90% of our new signups come through referral.”
Loving this podcast? Don’t keep it to yourself, tell a friend about FinTech Insider and help us create our own network effect. And while you have five minutes, go on and leave us a review on iTunes. You’ve been meaning to for a while – today’s the day
The post Ep214 – Monzo: The First Truly Digital Bank appeared first on 11FS.
Innovation isn’t having an app – it’s having a new business model. Yet for banks, business models are one of the hardest things to innovate around. We discuss what’s broken with traditional bank business models, and how to create new ones, with two people who know best: Tom Blomfield, CEO of Monzo, and Dora Ziambra, Head of Business Development at Azimo.
“For me, and many people in the industry, being a marketplace bank is the future,” Tom says. “It’s a customer interface that acts as a platform for all of your financial problems. So a single interface that gives you access to the Azimos and the Funding Circles and the Transferwises, with a delightful, one-click user experience, but still giving you the benefits of that choice and that customer service. So, sort of, looser recoupling around APIs.”
If you liked this interview, please review us on iTunes. To learn more about the team that brings you FinTech Insider, visit 11fs.co.uk.
Listener offer: for a 30% discount on Innovate Finance Global Summit tickets, register using the discount code FinTechInsider. The event will be held April 10-11 in London.
The post Ep213 – Bank Business Models: The Last Bastion of Innovation appeared first on 11FS.
Is FinTech failing? We discuss this clickbait-y headline which made the rounds recently. We also talk to Lawrence Wintermeyer, CEO of Innovate Finance, to get insight on their latest report that says investment in UK FinTech startups dropped by 33.7% in 2016. Other news: WeChat to (see what we did there? James Lloyd, Asia-Pacific FinTech Leader at EY, about the 46 billion digital red packets WeChat users sent over Lunar New Year; and Anna Irrera, a journalist at Reuters, updates us on what’s happening with Dodd-Frank.
That’s all for now! If you like what you heard, please leave us a review on iTunes. To learn more about the team behind FinTech Insider, visit 11fs.co.uk.
The post Ep212 – News: Is FinTech Failing? Dodd-Frank. And Everything Goes Back to Cannabis. appeared first on 11FS.
Serial tech entrepreneur Steve Kirsch (@stkirsch) has founded seven companies and earned a name for himself as the inventor of the optical mouse. Today he’s CEO of Token, a global open API banking platform.
Steve says that, historically, banks have operated on limited hours. Central banks have similar systems to be compatible, which has led to architectures that are nowhere near as complex as doing real-time systems. But then internet came along and changed people’s expectations.
“Now banks sort of have to be open 24/7, and yet the underlying systems haven’t caught up with that,” Steve says. “And so the challenge is to create technology that can layer on top of the existing banking system that would enable people to have the level of service that they expect, and yet not disrupt things below the decks. It’s almost like putting a modern façade on top of an old cruise ship. That’s essentially what we’ve done. [If] we need more engine power, we call down through certain interfaces and say, ‘Can you do this service for us?’ and they say, ‘Yes, the answer is this.’ But as far as everybody on the top deck is concerned, it looks like they’re on a totally modern cruise ship.”
If you enjoy this interview, please leave us a review on iTunes. To find out more about the team behind FinTech Insider, visit 11fs.co.uk
The post Ep211 – Token CEO Steve Kirsch appeared first on 11FS.
Liz Lumley, Managing Director of Thought Leadership at Rainmaking, says a woman approached her at one of their events recently and said, “I’m here because I get told all the time: You need to work with startups, and then no one tells me how.” The Rainmaking Summit was designed to give people like her the tools they need to make innovation happen. Straight talk. No bullshit. We sit down with key participants in London to get the lowdown.
“We need to move from ROI to R&D,” says Nektarios Liolios, CEO & Co-Founder, Startupbootcamp FinTech. “R&D implies failure. It implies experimentation, and just keep trying, keep trying until it works, right? Having been in the financial industry for nearly 20 years now, we don’t have that. There is no concept of building product, or doing anything, with an R&D mentality. Whereas any other industry has that.”
To learn more about the team behind FinTech Insider, visit us at 11fs.co.uk
The post Ep210 – Rainmaking Summit: Show Me How to Innovate appeared first on 11FS.
How do I change my culture? And what the hell happens to all those bank fines?! Our guest Richard Peers, Director of Financial Services at Microsoft (@Peerster), joins us to discuss these hot issues as part of our weekly roundup of FinTech Insider News.
Digital DNA is radically different from legacy culture, and that needs to change, Richard says. To make digital transformation happen, technology is not enough. You have to have the right culture. It’s hearts and minds and empowering people. It’s not a quick fix, which many people are looking for.
Deutsche was recently fined over money laundering claims – but where the hell do these fines go and what’s the politics behind it? How can bitcoin prevent money laundering?
What are the new business models we need? Can we serve markets in new ways? Can we make money from data? It’s often a defensive conversation, it’s time for banks to go on the offense and look at open banking as a good thing, Richard says.
Thanks for listening! Visit 11fs.co.uk to learn more about the team behind FinTech Insider.
The post Ep209 – Should UK Prepare for FinTech Exodus?; China Tests Digital Currency appeared first on 11FS.
Sir Mark Walport (@uksciencechief), UK Government Chief Scientific Adviser and Head of the Government Office for Science, says his job is to advise the government on policy for all aspects of science, engineering, technology, and social science. In a delightful interview with 11:FS Co-Founder Simon Taylor, he discusses artificial intelligence, ethics and technology, data and privacy, and more.
“There are many other areas where industry has the potential to progress faster if they work together in a pre-competitive environment. Of course, one of the issues is around the sharing of data,” he says. “It’s possible to share data in ways that don’t threaten the integrity of businesses. That’s about defining access and giving people access in a way that critically protects privacy.”
Thank you to Paul Aldrich (@DrPAldrich), Lead Partner of Financial Services Technology at Odgers Berndtson, for inviting us to CityVison2030 where we interviewed Sir Mark.
For more great FinTech Insider interviews, visit 11fs.co.uk.
The post Ep208 – Sir Mark Walport, UK Government Chief Scientific Adviser and Head of the Government Office for Science appeared first on 11FS.
Is PFM dead? Invisible? Or has Personal Financial Management evolved from data-driven piecharts to something more useful?
Joining us for today’s deep dive on PFM and Digital Money Management are:
“For us, it’s about taking information, and transforming that information to give relevant services at the right time,” Frankie says. “It’s very easy to say, ‘You’ve overdrawn, sorry.’ What we like to do is think a week ahead. Things like Netflix, which is generally a monthly subscription, comes in a certain way. What we’ve tried to do is second-guess if that payment is going to happen. Like, ‘FYI, your Netflix of £9.99 is due to come out in four days. You might need to think about doing something different about [your spending].”
“The old way to consume PFM was based on charts,” Pau says. “You’ve got the pie chart, you’ve got the bar chart, the trend line telling about how your categories were instead of mixing your expenses. Today, PFM is used to trigger banking processes, to trigger a loan, to trigger a credit card subscription, to trigger a savings goal, to move some money apart. The system is understanding how you are moving your money and how you are spending it. We’re talking about invisible PFM. Those mobile banking apps are powered by data. You don’t necessarily need to see it but it’s there.”
Thanks for listening! If you like what you heard, please subscribe to our podcast, and leave us a review on iTunes – this helps people discover us.
The post Ep207 – PFM: Don’t Call it a Comeback appeared first on 11FS.
News, glorious news! We’ve switched up the format of the show in season 2. Every Monday, we’ll bring you FinTech Insider News, a show dedicated exclusively to the latest FinTech and financial services headlines. Wednesday features FinTech Insider Insights, where we’ll continue to bring on experts to discuss digital banking, new business models, APIs, and all the other areas that matter to our industry. And on Fridays, with FinTech Insider Interviews, we’ll continue to share the individual stories of people making the biggest impact in FinTech and financial services.
We’d also like to welcome our new sponsors this year, LinkedIn and the Financial Times. We’re really excited about these new partnerships and taking FinTech Insider to the next level.
If you enjoyed this podcast, please take the time to review us on iTunes. Want to learn more about the hosts? Visit us on 11fs.co.uk
The post Ep206 – Trump’s New Deal for Britain, Ant Financial Goes Global appeared first on 11FS.
Tandem CEO Ricky Knox says banking should feel effortless, as easy as listening to Spotify. He shares how Tandem is building this kind of digital bank, and how his previous startups, including Small World Financial Services and Azimo, led him to where he is today. Tandem is the second digital bank in the UK to get its banking license, and recently received a £35 million investment from House of Fraser.
“We really want to build banking as a service, or banking as a solution, in the same way that I now listen to Spotify,” Ricky says. “I don’t have a buying experience anymore…I can have music in every room. It should feel a little bit like that to do your banking. It shouldn’t be any effort.”
You’ll also hear from Chief Customer Officer Ruth Handcock, who says her job is listening to customers, then translating that into what Tandem is building.
Enjoy the episode! If you’re a fan of FinTech Insider, please review us on iTunes. This helps other people find us. To learn more about the team that brings you FinTech Insider, visit 11fs.co.uk
The post Ep205 – Tandem CEO Ricky Knox and CCO Ruth Handcock appeared first on 11FS.
Tandem Takeover! We talk to the team building ‘a new kind of bank’ about how you can be digital and still be very human, how to recruit at a startup, the future of banking, how to be truly agile, how to advocate for customers, and more.
“A good bank feels like a bank that actually has your back, that therefore is making decisions in your interest, much like your doctor might or a good friend might,” says Tandem CEO Ricky Knox. “How does that translate into a product and how do we build banking that fits seamlessly around your life, pulls out all the hassle, and answers the requirements you might have for borrowing or lending on an automated basis? The first step in that is owning and understanding the data surrounding your financial services life and relationship. Pulling that data together and forming that holistic picture of how the person’s finances are evolving, and what their financial needs are at any one time, is a really key part of our proposition.”
If you enjoyed the show, please take a moment to review us on iTunes. We love reading the reviews and they help people find our show.
The post Ep204 – Tandem Takeover! Building a Digital Bank that Advocates for Customers appeared first on 11FS.
Lesley-Anne Vaughan, Director of MiLA Consulting and Co-Creator of M-PESA, talks to us about how she helped develop the famed mobile money transfer service in Kenya. M-Pesa lets customers use their phone to deposit and transfer money from one person to another without using a bank account. It works using a network of thousands of stores, where the cash agent network does debits and credits.
“In 2007 we launched M-Pesa as a live service, but in 2005 the original product was microfinance,” Lesley-Anne says. “We were solving a painpoint of how do we get microfinance to be more effective, more efficient, more cheaply administered.”
Since 2005, Lesley Anne has been dedicated to mobile money and mobile financial services in emerging markets. The incredible work she did to build and launch M-PESA earned her name on the patent, which is pretty amazing!
The post Ep203 – Lesley-Ann Vaughan, Co-Creator of M-PESA; Director of MiLA Consulting appeared first on 11FS.
What are APIs? We break it down in today’s episode with some great guests. But a little taste: All the connected apps you use on your phone talk via APIs to get their data. So when you check the weather, says David Andrzejek, the weather app on your phone makes an API call to a system to get the weather data. Lesley-Anne Vaughan says APIs are like ordering from a menu at a restaurant. You place your order from the menu, which is like an API call out to the kitchen (system). The food that comes to the table is the system’s response to that API call. What does this have to do with financial services? Bankers should be interested in APIs because they enable the digital experiences their customers want.
More API analogies and explanations await in episode 202!
Enjoy the episode! If you’re a fan of FinTech Insider, please leave us a review. We haven’t seen a new review in awhile and you’d make our heart soar with glee.
The post Ep202 – APIs: Plug into Banking appeared first on 11FS.
Today we’re speaking to Benoit Legrand, Global Head of FinTech at ING. Benoit has more than 20 years of experience in transforming various areas of banking, and even founded a startup. In this interview he shares how ING is like a ’20-year-old FinTech,’ and why a team’s banking experience is key to helping banks change.
“I’ve seen so many companies just trying to bring people from outside with a very digital background. But they are not speaking the banking language. And you need that to make sure that the power of the company is being used to transform itself.”
Two decades ago, ING became the world’s first branchless, online bank, offering services via phone and internet. Today the Dutch multinational has 33 million customers around the world.
The post Ep201 – Benoit Legrand, Global Head of FinTech at ING appeared first on 11FS.
Transaction banking has been defined as “the plumbing of international business. It ensures that salaries get paid, money for goods and services gets delivered, investment returns are credited where they belong, and the wheels of world trade keep turning” – Global Finance Magazine. In this episode, Mark Buitenhek (@MarkBuitenhek), Global Head of Transaction Services at ING, and Benoit Legrand (@_benoitlegrand), Global Head of FinTech at ING join us for transaction banking 101.
Thanks for listening! If you get value from this podcast, please head on over to iTunes and leave us a review. You’ll make our week!
The post Ep200 – Transaction Banking: From Zero to Hero appeared first on 11FS.
Leda Glyptis (@LedaGlyptis) should be first on your list for any dinner party. Full of wit and wisdom, this banking and fintech legend always takes conversations to the next
level. We talk to her about APIs and open banking, the aftermath of Brexit, PSD2, the golden rule she lives by and more.
“APIs are creating a Harry Potter moment,” Leda says. “For a long time, a lot of technology was not permitted for use in banks. Now, we can redesign what we do because new things are possible. It’s absolutely inspirational.”
Enjoy the interview! If you like FinTech Insider, you’d make our week by leaving us a review on iTunes.
The post Ep136 – Leda Glyptis, Banking & FinTech Legend appeared first on 11FS.
Happy New Year from FinTech Insider! Wow, 2016 was an incredibly busy year for us. In addition to doing this podcast, in May we started a company called 11:FS, a fintech consultancy that helps banks become truly digital. One of our core beliefs is that digital banking is only 1% finished.
What does that mean?
Today we thought we’d recap, and share a little bit more about who we are at 11:FS. You’ll hear clips of us speaking individually at an event we co-hosted with solarisBank in Berlin not that long ago. Then we’ll kick it over to the group discussion we had with solarisBank Board Member Marko Wenthin. You’ll also hear from Andrea Rexer, Senior Editor at Sueddeutsche Zeitung.
Hope you enjoy the show! We speak at events all over the world. If you’re keen to learn more, email us at email@example.com
The post Ep135 – Digital Banking is Only 1 Percent Finished appeared first on 11FS.
Time to make fintech predictions for 2017! Will PSD II be the biggest disappoint of the year? How big will the challenger banks get? Is regtech the new fintech? We make predictions on all this and more.
We’re joined by:
Thanks for listening! If you like what you heard, subscribe to our podcast, review us on iTunes–we love reading those reviews!!–and befriend us on Facebook and/or Twitter.
The post Ep134 – FinTech Predictions for 2017 appeared first on 11FS.
And now for part 2 of our 2016 FinTech Review — What a Crazy Ass Hear This Has Been. We discuss Pokémon (remember that?), the UK ringing in a new Prime Minister, the US electing Donald Trump as President, the Wells Fargo scandal, Facebook payments, China, and, of course, us starting the FinTech Insider podcast! Plus lots more.
Sit back and enjoy our review of the major trends that shaped financial services for the second half of the year. We’re once again joined by:
The post Ep133 – 2016 FinTech Review – What a Crazy Ass Year Part 2 appeared first on 11FS.
You’ve had your holiday meals, now it’s time to digest 2016. What a crazy ass year this has been. Brexit. President Trump. Chatbots and fake news. Wells Fargo scandal. Hacks taking down elections and ecommerce. China becoming a fintech star. PSD II and the promise of APIs.
So much happened in 2016, we’re splitting our review into two parts. Today, you’ll get a whistle stop tour of the major trends that shaped financial services for the first half of the year. We’re joined by:
The post Ep132 – 2016 FinTech Review – What a Crazy Ass Year Part 1 appeared first on 11FS.
We’re back with Part 2 of our takeover of Monzo, one of our favourite challenger banks. In this episode, we dive into the details on how they’re creating a truly digital bank. You’ll learn how they’re organised, building technology from the ground up, fostering a culture of trust and learning (fun fact: they all have access to each other’s emails), what makes their design so special, why their community is so engaged, and more.
Monzo is hiring, you lucky ducks. Check it out.
The post Ep131 – Monzo Part 2: The Road to 1 Billion Customers appeared first on 11FS.
Field trip! This week we geek out at Monzo’s headquarters in London. Monzo is one of our favourite challenger banks, which they’re building from the ground up with help from thousands of customers. Their tagline: ‘Finally, a bank as smart as your phone.’ In this episode, you’ll learn how to build a digital bank Monzo style. Our guests:
“Everything has originated from a very, very small group of people, a year and a half ago,” Jonas says. “We had these very first prepaid cards, and we started inviting technology-savvy people in London to our offices for a hackathon to build cool things. We had a few hundred people like that, and then they told their friends, and then they told their friends…People would still consider themselves to be the members of a community as opposed to the users of a card that gives you free foreign transactions.”
The post Episode 130 – Monzo Part 1: How to Build a Bank appeared first on 11FS.
Gary Turner is Co-Founder and Managing Director of Xero, which provides small- to medium sized businesses (SMBs or SMEs) with online accounting software. Forbes described Xero as the “World’s Most Innovative Growth Company.” In this episode, Gary talks about how he helped take Xero from a 3-person startup with £50,000 in revenue to a company that will have £150 million in revenue this year. He also shares his favourite productivity hacks, podcasts, and advice to those getting into fintech.
“We have a saying at Xero,” Gary says, “It’s not the big that eat the small, it’s the fast that eat the slow.’ Focus on what it is you need to do, and do it really, really quickly. Don’t debate it, and don’t analyse it for three weeks, and don’t write a white paper on it, and don’t commission a survey. If you’re small, if you’re a startup, you can move at light speed, much quicker than anyone else can – use that advantage while you have it.”
Gary Turner, Co-Founder and Managing Director at Xero @garyturner
Enjoy the show! If you like what you hear, subscribe, review us on iTunes, and follow us on Facebook and Twitter. You can always email us at firstname.lastname@example.org
The post Ep129 – Xero: Giving 800,000 Business Owners Their Lives Back appeared first on 11FS.
Business banking sucks, but it doesn’t have to, say this week’s stellar guests. The CEO of Tide and Co-Founders of xero and Penta join us to discuss how fintech is revolutionising SMEs (small- to medium sized enterprises/businesses). We talk to them about how fintech is giving business owners their lives back, simplifying processes, improving customer service, and saving them hours on admin every week so they can focus on growing their business.
Work/life balance is a major problem for small business owners, who work their day job then spend hours on admin in the evening. Software and smart solutions created by our guests and other fintechs will solve that problem. “So your admin requirement is going to go away dramatically and you’ll get your life back. That’s my prediction for the next five years,” says George Bevis, CEO of Tide.
Thanks for listening! If you like what you heard, subscribe to our podcast, review us on iTunes – we love reading those reviews! – and befriend us on Facebook and/or Twitter.
The post Ep128 – How FinTech is Revolutionising SMEs appeared first on 11FS.
Onboarding a FinTech into a bank is expensive, due to acquisition and compliance costs, and the risks that come with different APIs. Railsbank, which goes live in early 2017, will give banks access to the FinTech world through one API. We talk to Nigel Verdon, CEO and Co-founder of Railsbank, about how his company serves as the glue between FinTechs and banks.
Nigel Verdon, CEO & co-founder Railsbank, @nigelverdon
Enjoy the show! If you like what you hear, subscribe, review us on iTunes, and follow us on Facebook and Twitter. You can always email us at email@example.com
The post Ep127 – Giving Banks Fintech Access Through One API appeared first on 11FS.
Several of this week’s guests are part of the Financial Conduct Authority’s regulatory sandbox in the UK. The FCA created the sandbox as ‘safe space’ for startups and companies to test ideas before becoming fully regulated, saving them time and money. The objective is to encourage and deliver more effective competition in the interests of consumers.
On the show, we’ll talk about the benefits of being in the programme, how the FCA sandbox works, and what it takes to get your company accepted.
The sandbox is open to firms from around the world, as long as they want to test in the UK market. Applications for the second cohort are open until January 19, 2017. To apply, email firstname.lastname@example.org or visit the FCA website.
The post Ep126 – Building in the FCA Sandbox appeared first on 11FS.
Hello, FinTech Insiders! This week we chat with two awesome guests leading innovation in different areas: blockchain and wealth management.
Jeff — whom we definitely consider a blockchain godfather — shares how he got interested in coding, bitcoin, and blockchain, and how he sees this space evolving.
Dave — aka ‘SuperDaveBruno’ on Twitter — talks to us about robo-advisors, digital wealth management, and why he’s always on the offense when it comes to innovation.
Make sure you check out Dave’s YouTube channel. Such great fun and you’ll learn a ton.
The post Ep125 – Blockchain’s Godfather & Wealth’s Superhero appeared first on 11FS.
Wealth Management isn’t just for the super rich anymore. It’s opened up to everyone. But the reality is, most of us aren’t taking steps now to have a nice life in the future—or even to be able to retire. This week, our expert guests discuss how we can solve this massive social problem. We also chat about robo-advisors, creating offense in wealth management, digital wallets, and, of course, Metallica.
For more about Dave Bruno, check out his YouTube channel.
For more on Jonathan Hey, visit sketchplanations.com.
For more on iShares by Blackrock, go to www.ishares.co.uk.
The post Ep124 – Wealth: Robo-Advisors or Master of Puppets? appeared first on 11FS.
Guests Sam Maule and Chris Gledhill are among the 100 most influential fintech leaders in 2016. Fun fact: Chris used to build software for submarines and Sam used to live on them.
The post Ep123 – FinTech Under the Influence appeared first on 11FS.
Are chatbots the last bridge to true AI? Or are we getting excited over nothing? We discuss whether chatbots are ready for primetime, as well as the latest fintech news.
Enjoy the show! If you like us, subscribe so you never miss an episode. And we’d love to see you on Facebook.
The post Ep122 – I Like Chatbots and I Cannot Lie! appeared first on 11FS.
Richard Brown, Chief Technology Officer at R3, started building a blockchain platform called Corda from scratch a year ago. The distributed ledger platform is different from other blockchain platforms in that it’s designed explicitly for and by the world’s financial institutions. R3 is a consortium of over 75 of the world’s largest financial institutions, and Richard Crook, Head of Innovation Engineering at RBS, sits on its steering committee. He crystallized the mission statement that led to the creation of Corda, which will be available November 30.
We sit down with both Richards to talk about the current and future state of blockchain.
Richard Brown @gendal
The post Ep121 – Off the Chain! With R3 and RBS appeared first on 11FS.
Will Trump roll back regulation? Did chatbots swing the election? The 11:FS team discuss with three brilliant guests:
Then these blockchain experts debate the fetishization of the distributed ledger technology, what blockchain really is, and where we’re headed.
Enjoy the show! If you like us, subscribe so you never miss an episode.
The post Ep120 – Will FinTech Survive Trump?
Plus Blockchain’s Biggest Brains appeared first on 11FS.
Later this week, we’ve got another fantastic blockchain episode with R3’s Richard Brown and other great guests.
Chain is a blockchain technology company that partners with financial firms to build and deploy blockchain networks that transform markets.
BigchainDB allows developers and enterprise to deploy blockchain proof-of- concepts, platforms, and applications with a scalable blockchain database.
Simon, blockchain lead at 11:FS, is a globally-recognised blockchain subject matter expert and fintech Influencer. He serves as a trusted advisor to the UK government, Bank of England, tier 1 banks, asset managers, and investors. He also established Barclays as one of the leaders in blockchain and helped a variety of startups flourish through Barclays Tech Stars accelerator.
The post Ep119 – Back on the Blockchain Gang! appeared first on 11FS.
Nothing scandalous happens in Vegas at Money20/20; let’s just get that out of the way. In its fifth year, Money20/20 is an event that people attend mostly to network and dance awkwardly at after parties. But in between those things, some great discussions happen. This year, financial inclusion was top of mind. Alipay surprised everyone with its announcement of going global. And Chris got a tattoo!
Chloé James – of Sky News Australia and RFi – attended Money20/20 with Chris, and joined him and the other 11:FS lads to chat about it.
Also, hot off the press (or YouTube), check out Chris’ talk at Agenda FinXTech Summit Open Sourcing Finance: How FinTech Firms are Building a ValueWeb
The post Ep118 Money20/20 What Happens in Vegas… appeared first on 11FS.
Deputy CEO Mathilda Strom has helped Bima grow from a pilot in Ghana to an organisation bringing health, accident, and life insurance to millions of people in emerging markets. Bima is a leading InsurTech player that uses mobile technology to disrupt the global insurance industry and fuel financial inclusion.
“About a year ago, we paid out a claim to a woman in Pakistan…she has four children, and she lost her husband in a tragic, drive-by shooting. She then received, within two days of giving the death certificate of her husband to us, $3,000 from Bima as a claims payout, and she was then able to send her eldest son to graduate school, and then have enough money left over that she could support the rest of her children for up to two years in salary that her husband could otherwise have been able to contribute to the family. So this really does make a massive impact on the lives of the people that we’re serving.”
The post Ep117 – InsurTech: Saving the World,
Saving You Money appeared first on 11FS.
InsurTech has dominated financial headlines lately. ‘Should the insurance sector be worried?’ Yes, say our guests! In fact, the very question is absurd. Listen to the experts who joined us:
Got a burning question or just want to shout of how much you’re loving what’s in your ears right now? Contact us on Twitter @FinTechInsider or @11FSTeam, or email on FinTechInsider@11fs.co.uk
The post Ep116 – InsurTech. The New FinTech? Discuss. appeared first on 11FS.
FinTech is heating up in the Nordics, where 11:FS’s Chris Skinner chairs the Nordic Finance Innovation Group. The region is punching above its weight in terms of innovation (Spotify and Skype, anyone?).
You’ll hear interviews from Iren Tranvåg (@IrenTranvaag) – CEO at Nordic Finance Innovation; Søren Rode Andreasen (@RodeAndreasen) – Development Director for Core Banking at Danske Bank Group; Jarkko Turunen (@jarkkoturunen) – Head of Open Banking at Nordea; and Sergii Danylenko, Marketing Director at PrivatBank. We’re also joined by FinTech journalist Anna Irrera (@annairrera).
Got a burning question or just want to shout of how much you’re loving what’s in your ears right now? Contact us on Twitter @FinTechInsider or @11FSTeam, or email on FinTechInsider@11fs.co.uk
The post Ep115 – Nordic FinTech: Thor the Win appeared first on 11FS.
This week we had the pleasure of talking to some global thought leaders about a topic that is on everyone’s mind; APIs.
This week we are joined by Leda Glyptis (@LedaGlyptis) – Director, Sapient Global Markets, Megan Caywood (@MeganCaywood) – Director of Marketplace Platform at Starling Bank, Markos Zachariadis (@MarkosZach) – Assistant Professor at Warwick Business School & Research Fellow at the University of Cambridge and Alex Lipton – Connection Science Fellow at MIT Connection Science
The post Ep114 – Yipi-API-yay: open platforms, marketplaces and next-gen banking. appeared first on 11FS.
This week we had the pleasure of talking to some global thought leaders in the space of Financial Inclusion.
This week we welcome onto the show Kosta Peric (@copernicc) who is the Deputy Director, Financial Services for the Poor at Bill & Melinda Gates Foundation. We have Faith Reynolds who is a Member of the Financial Innovation Standing Committee CWG at ESMA. We have Jaz O’hara the founder at the World Wide Tribe (www.theworldwidetribe.com) and lastly we have Lynsey Barber (@lynseybarber) who is the Tech Reporter for City A.M.
We’ve a huge show for you chatting through some of the main issues surrounding Financial Inclusion.
Got a burning question or just want to shout of how much you’re loving whats in your ears right now? Contact us on Twitter @FinTechInsider or @11FSTeam, or email on FinTechInsider@11fs.co.uk
The post Ep113 – Financial Inclusion: Banking The Next Billion. appeared first on 11FS.
This week we had the pleasure of visiting Berlin, an incredible, vibrant and historic city, now becoming a global Tech and FinTech Hub. We bring you the brightest and best from the Berlin FinTech scene.
Your hosts, as always, is David Brear (@davidbrear) and Jason Bates (@JasonBates) Simon Taylor (@sytaylor) and Chris Skinner (@Chris_Skinner).
We’re joined by our kind hosts from Berlin Marko Wenthin (@solarisbank) and Philipp Blankenagel (@Pblankangel)
We interview Valentin Stalf (@valentinstalf) the CEO of the Red Hot N26 Challenger Bank
Then we finish up with an interview with a really interesting concept from Oliver Neumann of OptioPay (@otneumann)
The post Ep112 – The Secrets of Berlin Fintech Superstars appeared first on 11FS.
We have an awesome show for you this week talking to some of the most innovative people changing the way some of the largest banks on the planet operate.
Your hosts, as always, is David Brear (@davidbrear) and Jason Bates (@JasonBates) with an by interview Simon Taylor (@sytaylor) but with Chris Skinner (@Chris_Skinner) MIA this week.
We welcome back Anna Irrera (@annairrera) – Fintech reporter for Financial News, Dow Jones as well as Mariano Belinky (@belimad) and Pascal Bouvier – (@pascalbouvier) from Santander InnoVentures talking about their fund and how things work in Santander.
We interview Shamir Karkal (@shamir_k) the former founder and CEO of Simple and now the Head of APIs for BBVA.
Lastly we talk to Neal Cross (@Neal_X) – Chief Innovation Officer at DBS Bank about the transformation he has spearheaded at DBS as well as what its like to be crowned the most innovative CIO on the planet.
The post Ep111 – Interviewed: The innovators really changing banking. appeared first on 11FS.
This week we have a marathon of a show focussing on AI, Bots, Machine Learning and everything else augmented.
Your hosts, as always, is David Brear (@davidbrear), Jason Bates (@JasonBates), Simon Taylor (@sytaylor) and Chris Skinner (@Chris_Skinner)
We have a fantastic lineup this week of guests with; Devika Thapar (@DeeThapar) – Financial Services Leader, IBM Watson, Dr. Ella Rabener (@ella_rabener) – CMO of Scalable Capital and Ereli Eran (@ereli) – Senior Data Scientist at Ravelin.
We hope you enjoy the show
Key stories this week:
The post Ep110 – Will AI change the world of Banking? appeared first on 11FS.
This week we are unpacking some of the latest and greatest breaking news with Ed Maslaveckas (@Ed_Masl) and Jamie Campbell (@JCtheOriginal).
We are also joined by the fantastic Lawrence Wintermeyer (@lwintermeyer) who is the CEO of Innovative Finance.
If you enjoyed this episode, please subscribe using your favourite podcasting app and leave us a review on iTunes or the podcast platform of your choosing
The post Ep109 – The Secret to UK FinTech Success appeared first on 11FS.
If you enjoyed this episode, please subscribe below using your favourite podcasting app!
Got a burning question or just want to shout of how much you’re loving whats in your ears right now? Contact us on @FinTechInsider or @11FSTeam.
The post Ep108 – Everything Blockchain. Ever. appeared first on 11FS.
The post Ep107 – Why Asia-Pacific will rule the Fintech world appeared first on 11FS.
This week we’re joined by Bill Sullivan (@WFSULLIVAN3) Global Head Financial Services Market Intelligence @Capgemini, Dominic Lindley (@DominicLindley) Financial Services Consumer Panel and friend of the show appearing for her hat-trick Anna Irrera (@annairrera) Trading and tech reporter for @FinancialNews (part of @wsj).
If you enjoyed this episode, please subscribe below using your favourite podcasting app, follow the show @FinTechInsiders or get in touch and tell us what you think at FinTechInsider@11FS.co.uk
The post Ep106 – CMA Special: How will APIs change banking? appeared first on 11FS.
If you enjoyed this episode, please subscribe below using your favourite podcasting app, follow the show @FinTechInsiders or get in touch at FinTechInsider@11FS.co.uk
The post Ep105 – Putting the brakes on accelerators appeared first on 11FS.
This week we talk to some of the best people in banking and Fintech with Dave Birch, Director of Innovation at Consult Hyperion (@dgwbirch) and Izabella Kaminska, Financial Times Alphaville (@izakaminska). We also interviewed Antonio Fratta Pasini from CheBanca! (@chebanca)
We hoped you like Episode 104 – Follow us and tell us what you think of the show @FinTechInsiders or get in touch on FinTechInsider@11FS.co.uk
Mark Andreesen and a16z go long on chat
Break up the financial watchdog over HBOS failures, MPs urge
As goes correspondent banking so goes globalisation
Italian finance minister rejects need for banks bail-in – ￼Financial Times
Engineers vs urban geometry
Fidor fuels O2 mobile banking launch
Fintech sector sees 23 deals worth $184 million till June this year – Economic Times
Mark Carney Has Started A Revolution By Embracing Fintech – Forbes
Drop in internet banking as rise in banking apps use is recorded
The post Ep104 – Lots and lots of news appeared first on 11FS.
1) BT fault hits broadband users and banks
2) Pokemon Go’s McDonald’s Partnership Points To A Promising Business Model
3) Apple Pay says bonjour to France and nei ho to Hong Kong
4) Oaknorth : first challenger bank to use Facebook at Work
5) Silicon Valley billionaire Peter Thiel is doubling down on a German fintech startup
6) Google’s DeepMind trains AI to cut its energy bills by 40%
7) Santander’s fintech VC firm got another $100 million to invest
8) A huge US bank is ignoring Brexit warning signs and is buying a new £300 million London HQ
9) Central Bank Digital Currencies Could Boost GDP, Bank of England Says
10) UK Legislators Cast Critical Eye on Bitcoin and Blockchain at Parliament Event
We hoped you liked Episode 3 – Subscribe and follow @obussmann) Marcus Treacher (@marcus_treacher) who is the Global Head of Strategic Accounts at @Ripple and we also chat through the news with Oscar Willams Grut (@OscarWGrut) who is the FinTech reporter for Business Insider. We hoped you like Episode 3 – Follow us and tell us what you think of the show @FinTechInsiders and keep letting us know what you think.
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Articles we discuss in the news:
1. The Financial Brand – What can banks learn from Pokemon?
2. Overdrafts more expensive than payday loans says ‘which’
3. Fred Wilson says “Corporate VCs are the devil”
4. Amex gets into SME lending
5. US Founder in London says no intention to move post Brexit
6. Revolut got funding – is fintech funding drying up?
7. The US government says if you make less than $20 an hour, a robot is probably going to take your job http://qz.com/730399
We hoped you liked Episode 2 – Follow us and tell us what you think of the show @FinTechInsiders
The post Ep102 – Bitcoin halving, Bud and Pokemon Go! appeared first on 11FS.
This week we are joined by Anna Irrera from the Wall Street Journal as well as Sophie Guibaud from Fidor to talk about how they see Brexit impacting Fidor and the Fintech world.
Apple Pay: Payment's dirty little secret
Fixing the hole in Ethereum
We hoped you liked Episode 1 – Follow us and tell us what you think of the show @FinTechInsiders
The post Ep101 – Brexit Special appeared first on 11FS.