Ep243 – Ethical Hacking with Jamie Woodruff and Sergey Pavlovich

In this episode

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.

Guests

Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes.


Ep242 – Money and Mental Health

In this episode

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.

Guests

Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes.


Ep241 – Gerhard Coetzee, Lead Financial Sector Specialist at CGAP

In this episode

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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Ep240 – Innovate Finance – THE Global Summit of FinTech

In this episode

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.

Guests

Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes.


Ep239 - Alessandro Hatami, Managing Partner at The Pacemakers

In this episode

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.

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Ep238 – Ashok Vaswani, CEO of Barclays UK

In this episode

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.””

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Ep237 – Barclays Takeover!

In this episode

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.

Guests

Highlights

On PSD2

“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

On omnichannel

“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

On scale and risk taking

‘'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

On looking outside of banking

“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

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Ep236 – Hangover Deep

In this episode

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).

Guests

Joining us for this week’s analysis of the news:

News this week

  1. Reuters - Financial institutions risk 24 percent revenue loss from FinTech: PwC - Link
  2. Finextra - FCA vows to tackle fraud on lost and stolen contactless cards - Link
  3. The Asian Age - Hackers use 'disappearing malware,' steal $800,000 from ATMs - Link
  4. Quartz - Set up a VPN in 10 minutes for free – and yes, Americans urgently need one, thanks to Congress - Link
  5. The Next Web - Amazon Cash eliminates need for bank cards - Link
  6. Finextra - Visa and top UK banks get behind launch of Amazon Business - Link
  7. TechCrunch - WhatsApp will reportedly launch peer-to-peer payments in India within 6 months - Link
  8. PYMNTS - Moblie wallet adoption: whare are we 2.5 years in? - Link
  9. Computer - OCBC Bank uses AI-powered chatbot to answer home and renovation loan queries - Link
  10. The Register - Banking group denied access to iPhones' NFC chips for alt.Apple.Pay - Link
  11. YouTube - Louis Cole - Bank Account Song - Link

Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes.


Ep235 - Alipay’s Rita Liu on Consumer Pain Points Driving Global Expansion

In this episode

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.”

Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes.


Ep234 – RegTech Chaos Monkey

In this episode

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 ????).

Guests

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! ????


Ep233 - Article 50: Signing the Divorce Papers

In this episode

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.

Guests this week

News this week

  1. Crowdfund Insider - Lawrence Wintermeyer, CEO of Innovate Finance, says triggering of Article 50 puts FinTech at risk - Link
  2. Parliament - Time to act on 'unacceptable' level of UK financial exclusion - Link
  3. Economist - An earthquake in European banking - Link
  4. Gizmodo - 5 reasons why the Home Secretary's proposed encryption ban is aggressively stupid - Link
  5. BBVA - BBVA joins Hyperledger, the top open-source blockchain community - Link
  6. LinkedIn - Making people a competitive advantage in a digital age - Link
  7. Venture Beat - Payments company Square launches in the U.K., its first European market and fifth globally - Link
  8. Barrons - Alibaba and Tencent and the coming FinTech Boom - Link
  9. Quartz - The world’s most secure coin debuts in the UK - Link

Enjoying FinTech Insider? Tell a friend about us, and please leave us a review on iTunes.


Ollie Purdue

Ep232 - Loot CEO Ollie Purdue on Creating a New Banking Experience at Age 20

In this episode

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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Ep231 - Singapore FinTech - The Insider Scoop

In this episode

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.

Our guests

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

Enjoying FinTech Insider? Please leave us a review on iTunes - this helps people discover us.


Ep230 - A Proper FinTech Geek Moment

In this episode

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."

Our guests

Alexander Ball, Managing Fintech Consultant at ING

News this week

    1. Finextra - Innovate Finance launches ambassador programme - Link
    2. City A.M. - House of Fraser owner Sanpower pulls investment in digital challenger bank Tandem - Link
    3. Bloomberg - Ant Financial said considering higher offer for MoneyGram - Link
    4. Business Insider - French officials are in London again wooing fintech and finance firms to Paris post-Brexit - Link
    5. Forbes - Digital disruption has arrived in FinTech - Link
    6. City A.M. FinTech startup and challenger bank Revolut's launching an Amazon Prime-style subscription for banking - Link
    7. banking technology - Bank of England teams with Ripple for cross-border payments - Link
    8. Reuters - Goldman building robo-adviser to give investment advice to the masses - Link
    9. Bank Innovation - Watson tools are coming to FinTech developers - Link
    10.  ZDNet - Westpac Keyboard launches through Facebook, Twitter - Link 
    11. BBC - Mountain man: The bank boss who reached the top aged 33 - Link

Enjoying FinTech Insider? Share with someone you love. Or at least with someone you want to impress. Also, please leave us a review on iTunes - you'll make our week!


Ep229 - 10x CEO Antony Jenkins on Startup Life and the Future of Banking

In this episode

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."

If you enjoy FinTech Insider, please recommend us to a friend and leave us a review on iTunes. This brings joy to our hearts, and also helps people discover us.


Ep228 - Challenger Banks: The Battle Begins

In this episode

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!

Our guests

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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Ep227 - Tantric Blockchain and Other FinTech Fun

In this episode

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.

Our guests

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 

News stories

    1. Forbes - Meet The European banks of the future...you might even like them - Link
    2. Business Insider - German FinTech startup solarisBank raises €26.3 million and lands Deutsche Bank exec as CEO - Link
    3. Pymnts - Penta launches to help SMEs cherry-pick banking services - Link
    4. Mastercard - Prepaid card programmes in France (no link)
    5. Independent - Banks are getting bigger, not smaller. Clearly they learnt nothing from the 2008 financial crisis - Link
    6. FT - Lloyds to transfer 1,900 staff to IBM in IT outsourcing deal - Link
    7. City A.M. - Digital challenger Starling Bank is launching in beta - Link
    8. Quartz - The influence of Uber ratings is about to be felt in the hallways of one of the world’s largest banks - Link 

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Ep226 - FCA Policy Director David Geale on the Thought Behind the Regulatory Sandbox

In this episode

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 fintechinsider@11fs.co.uk.


Ep225 - Rotten to the Core Banking

In this episode

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.

Our guests

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."

Enjoying FinTech Insider? Tell a friend about us. And please leave us a review on iTunes. You've been meaning to for awhile. Today is the day!


Ep224 - Taking the Bull by the Horns

In this episode

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.

Guests this week

Andra Sonea - Fellow at Anthemis Group
Jeff Tijssen - Head of FinTech & Digital Partnerships at Capco
Ali Paterson - Editor in Chief at Fintech Finance

In the news this week

    1. City A.M. - More than half a dozen fintech firms hit by outage - Link 
    2. Coindesk - Dubai Claims title of world capital of blockchain and DLT link
    3. Coin Desk - Texas lawmaker proposes constitutional right to own bitcoin - Link
    4. Business Insider - The US government is defending its FinTech charter - Link
    5. Reuters - Canadian regulator says open data essential to fintech - Link
    6. FT - China overtakes eurozone as world’s biggest bank system - Link
    7. Forbes - The effect of travel bans on FinTech - Link
    8. Wired - UK banks fund £5m FinTech prize to build apps for small businesses - Link
    9. Entrepreneur - How FinTech and payments innovations will disrupt global ecommerce - Link
    10. Reuters - On Women's Day eve, statue of girl stares down Wall Street bull - Link
    11. Business Insider - The 9 best paying jobs in British FinTech  Link

Enjoy this episode? Tell a friend about FinTech Insider and please leave us a review on iTunes.


Ep223 - WeChat Africa CEO Brett Loubser on the Power of the Platform

In this episode

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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Ep222 - FinTech Out of Africa

In this episode

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.

Our guests

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."

11:FS blog posts mentioned in this podcast

Banking APIs Aren’t about Tech or Banking
11 Banks and FinTechs Doing APIs Better Than You

Did you learn something from this podcast? If so, please share the knowledge and tell a friend about FinTech Insider and leave us a review on iTunes. Thank you!


Ep221 - Orange is the New Bank

In this episode

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.

Guests

Christopher Burniske, Blockchain Products Lead at ARK INVEST
Ben Robinson, Chief Strategy and Marketing Officer at Temenos

News this week

  • Finextra - EBA to relax controversial PSD2 authentication rules - Link 
  • Finextra - Brits warm to mobile tap and pay - Link
  • Finextra - Singapore commuters can now tap-and-pay for their fares with Mastercard - Link
  • JP Morgan, Intel, Microsoft join Ethereum Blockchain Alliance Link
  • 11FS - 11 things your CIO needs to know about blockchain today - Link
  •  FT - Top bank executives required to vouch for cyber attack defenses - Link 
  •  Level39 - Yielders makes history: The first UK Shariah compliant Fintech company based at Level39 - Link
  • The Register - Telco Orange to open bank next month - Link
  • Finextra - Monzo blows past £2.5 million crowdfunding target - Link
  • Atlanta Constitution Journal - Rapper’s money saving advice goes viral - Link

Enjoy FinTech Insider? Please tell a friend about our podcast and leave us a review on iTunes. Thank you so much!


Ep220 - Blythe Masters on Blockchain's Once in a Generation Opportunity

In this episode

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."

Like this episode? Please tell a friend about FinTech Insider, and leave us a review on iTunes. This helps people discover us.


Ep219 - CIO Special: How to Change Your Culture

In this episode

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."

Guests

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

Like this episode? Please tell a friend about us and leave a review on iTunes.


Ep218 – Robots Have Feelings, Too

In this episode

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.

Guests

Alessandro Hatami, Managing Partner at The Pacemakers
Andra Sonea, Fellow at the Anthemis Group

News this week

  • Business Insider – Will.i.am is reportedly doing a deal with app-only bank Atom that could see the singer invest – Link
  • NYTimes – Silicon Valley tried to upend banks. Now it works with them. – Link
  • FT – The trouble with ‘free’ banking for challenger lenders – Link
  • Finextra – RBS to become fintech fund and high street outlet for challenger banks under HMT remedy – Link
  • Standard Digital – Banks take on M-Pesa with own money transfer service – Link
  • Bloomberg – Facebook Messenger now lets you send money with Transferwise – Link
  • PSFK – Liverpool receives its own digital currency – Link
  • Engadget – Bill Gates wants a robot tax to compensate for job losses – Link
  • Forbes – Why Ant Financial’s $200M investment In Kakao could disrupt South Korean FinTech – Link
  • Business Insider – Moneyfarm will likely see reasonable uptake of its products from Uber drivers – Link

Like this podcast? Please tell a friend about us, and leave a review on iTunes. It helps people discover us.


Ep217 – EY’s James Lloyd: China’s Not Just Mobile First – Often It’s Mobile Only

In this episode

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.

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Ep216 – The First 5 Steps to Transform Your Bank

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.

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Ep215 – Cookies, Funny Money & What if Amazon Buys Capital One?

In this episode

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.

News this week

  1. Business Insider – Innovative app-only banks are doing something old fashioned — lending money – Link
  2. The Telegraph – Co-op Bank puts itself up for sale as it braces for another ‘significant’ loss – Link
  3. Level39 – L39 API member TrueLayer comes out of stealth; secures $1.3m funding –
  4. Nikkei Asian Review – Japanese megabanks raise bets on fintech – Link
  5. Finextra – BBVA seeks new model for low interest rate banking – Link
  6. Telegraph – Pay as you speak: Santander revamps voice banking app – Link
  7. Banking Technology – Amazon looking to buy Capital One? – Link
  8. Finextra – Australian banks fight back over Apple Pay ‘fantasy’ claims – Link
  9. International Business Times – Apple, Facebook and Amazon primed for PSD2 demolition of the card networks – Link
  10. Forbes – 3 Steps Fintech Companies Need To Take In Order To Survive – Link
  11. Medium – Get paid to read email from outside your network with a 21 profile – Link

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.

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Ep214 – Monzo: The First Truly Digital Bank

In this episode

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 ?

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Ep213 – Bank Business Models: The Last Bastion of Innovation

In this episode

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.

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Ep212 – News: Is FinTech Failing? Dodd-Frank. And Everything Goes Back to Cannabis.

In this episode

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.

News this week

  1. Tech City News – Investment in UK FinTech startups ‘drops by 33.7% in 2016′ – Link
  2. The 2016 VC FinTech Investment Landscape by Innovate Finance Innovate Finance’s Global Summit is April 10-11 in London. FinTech Insider will be recording there, and FinTech Insider listeners get a 30% discount if they register for tickets using the discount code FinTechInsider.
  3. Coin Telegraph – Switzerland Set to Ease Finance Regulations, Support Blockchain Innovation – Link
  4. Reuters – WeChat Users Send 46 billion digital red packets over Lunar New Year – Link
  5. technode – How Chinese Mobile Payments are Quietly Conquering the World – Link
  6. Forbes – 3 Reasons Fintech Is Failing – Link
  7. Wall Street Journal – Fintech Startups Want to Save One Key Page of Dodd-Frank – Link
  8. Business Insider – 19 Laptops Containing Customer Information Have Been Stolen from FinTech Company GoCardless – Link
  9. efinancial careers – Five Crazy Start-Up Ideas in FinTech now – Link
  10. Finovate 2017 Winners

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.

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Ep211 – Token CEO Steve Kirsch

In this episode

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

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Ep210 – Rainmaking Summit: Show Me How to Innovate

In this episode

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.”

Guests

  • Liz Lumley, Managing Director of Thought Leadership, Rainmaking @LizLum
  • Will Bentinck, Head of Careers, Makers Academy @isoworg
  • Nektarios Liolios, CEO & Co-Founder, Startupbootcamp FinTech @nekliolios
  • Jennifer Rosen, Founder & CEO of JnR Communications

To learn more about the team behind FinTech Insider, visit us at 11fs.co.uk

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Ep209 – Should UK Prepare for FinTech Exodus?; China Tests Digital Currency

In this episode

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.

News this week

  1. Telegraph – Fintech ‘boom’ risks fresh ‘bust’ if left unchecked, warns Carney – Link
  2. Scalable Capital – An open letter to Mark Carney on robo advice – Link
  3. BBC – Deutsche Bank fined by regulators over money laundering claims – Link
  4. Yahoo Finance – Neo and challenger bank customer base to grow by 50.6%, globally, by 2020 – Link
  5. FT – The UK should prepare for an exodus of fintech experts – Link
  6. Finextra – Chinese central bank tests digital currency system – Link
  7. Acumin – Details come to light after Lloyds’ cyber attack – Link
  8. BBC – Savings protection limit raised – Link
  9. Finextra – CMA issues final order on open banking – Link
  10. Telegraph – Which country is the most corrupt in the world – and where does Britain rank? – Link

Thanks for listening! Visit 11fs.co.uk to learn more about the team behind FinTech Insider.

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Ep208 – Sir Mark Walport, UK Government Chief Scientific Adviser and Head of the Government Office for Science

In this episode

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.

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Ep207 – PFM: Don’t Call it a Comeback

In this episode

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:

  • Frankie Woodhead, Director of Commercial & Channels at Barclays @FTWoodhead
  • Victor Trokoudes, Founder of Plum, the first Facebook bot for automated savings @vmtrok
  • Pau Velando, GM at Strands Finance @Pau4ir

“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.

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Ep206 – Trump’s New Deal for Britain, Ant Financial Goes Global

In this episode

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.

Guests

  • Frankie Woodhead, Director, Commercial & Channels at Barclays – @FTWoodhead
  • Alessandro Hatami, Managing Partner at The Pacemakers – @ahatami

News this week

  1. The Telegraph – Donald Trump plans new deal for Britain – Link
  2. Pascal Bouvier – The Passporting Gambit – Link
  3. Pyments – MiSys aims to kill P2P lending / alternative lending – Link
  4. Business Insider – Siemens partners with Scalable Capital – Link
  5. Reuters – Tencent, Hillhouse Capital take stakes in Aviva Hong Kong – Link
  6. Finextra – China’s Ant Financial goes global in bid for two billion users in 10 years – Link
  7. Ant Financial – MoneyGram Agrees to Merge with Ant Financial – Link
  8. The Register – Lloyds Bank outage: DDoS is prime suspect – Link
  9. Hacker group claims responsibility for Lloyds with ransom demands – Link
  10. Finextra – UK banks strike branch banking deal with Post Office – Link
  11. CNBC – Deutsche Bank’s CEO says technology will be key to banking in the next five years – Link

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

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Ep205 – Tandem CEO Ricky Knox and CCO Ruth Handcock

In this episode

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

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Ep204 – Tandem Takeover! Building a Digital Bank that Advocates for Customers

In this episode

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.

Guests

  • Ricky Knox, CEO @rickykno
  • Ruth Handcock, Chief Customer Officer @RuthHandcock
  • Nick Perrett, Chief Product Officer

“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.

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Ep203 – Lesley-Ann Vaughan, Co-Creator of M-PESA; Director of MiLA Consulting

In this episode

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!

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Ep202 – APIs: Plug into Banking

In this episode

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!

Guests

News this week

  1. Finextra – US regulator cites fintech as risk to banking system [Link] Full report [Link]
  2.  IBTimes – DTCC creating credit derivatives blockchain with Axoni, IBM and R3 [Link]
  3. FT – Banks risk missing 2019 ringfence deadline [Link]
  4. Mashable – 56,000 petrol pumps in India to stop accepting credit and debit cards; citizens miffed [Link] Decision has been deferred until the 13th of January [Link]
  5. Banking Technology – “Humanoid” Ira to assist customers in HDFC Bank branches [Link]
  6. Financial Tribune – Iran’s 1st Open Banking API Launched [Link]

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.

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Ep201 – Benoit Legrand, Global Head of FinTech at ING

In this episode

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.

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Ep200 – Transaction Banking: From Zero to Hero

In this episode

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.

News this week

  1. The Independent – Sir Ivan Rogers quits: Britain’s EU ambassador attacks ‘muddled’ Brexit thinking in scathing resignation letter – Link
  2.  TechCrunch – Monese raises $10M Series A for its banking app targeting immigrants and expats – Link
  3. House of Fraser also invests in Tandem – Link 
  4. Finextra – China launches $1.5bn fintech fund – Link
  5. FT – Bitcoin has all the attributes of a pyramid scheme – Link

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!

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Ep136 – Leda Glyptis, Banking & FinTech Legend

Leda Glyptis (@LedaGlyptis) should be first on your list for any dinner party. Full of wit and wisdom, FinTech-Insider_red-136this 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.

 

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Ep135 - Digital Banking is Only 1 Percent Finished

FinTech-Insider_mg_4people_alt1-135Happy 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 speaking@11fs.co.uk

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Ep134 – FinTech Predictions for 2017

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.

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Ep133 – 2016 FinTech Review – What a Crazy Ass Year Part 2

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.

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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:

 

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.

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Ep132 – 2016 FinTech Review – What a Crazy Ass Year Part 1

You’ve had your holiday meals, now it’s time to digest 2016. What FinTech-Insider_mg_3people_alt1---132a 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:

 

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.

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Ep131 - Monzo Part 2: The Road to 1 Billion Customers

In this episode

We’re back with Part 2 of our takeover of Monzo, one of our favourFinTech-Insider_red-131ite 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.

Our guests

Monzo is hiring, you lucky ducks. Check it out.

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.

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Episode 130 – Monzo Part 1: How to Build a Bank

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In this episode

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.”

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.

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Ep129 - Xero: Giving 800,000 Business Owners Their Lives Back

In this episode

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 fintechinsider@11fs.co.uk

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Ep128 - How FinTech is Revolutionising SMEs

In this episode

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.

Guests

  • George Bevis, CEO of Tide @GeorgeBevis
  • Gary Turner, Co-Founder and Managing Director at xero @garyturner
  • Luka Ivicevic, Co-Founder at Penta @lukaivicev
  • Ghela Boskovich, founder of FemTechGlobal @GhelaBoskovich (thanks for guest co-hosting, Ghela!)

News this week

  1. Finextra – China tops fintech ranking Link
  2. International Business Times – The ‘fintech’ approach to data science and machine learning – Link
  3. Finovate – Santander investing in Tradeshift – Link
  4. TechCrunch – N26 launches in 17 more countries…but backs away from UK launch plans – Link
  5. Forbes – Amazon Go Ends Checkout Lines And Shoplifting, Begins A New Era In Retail – Link

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.

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Ep127 - Giving Banks FinTech Access Through One API

FinTech-Insider_sarah4

In this episode

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 fintechinsider@11fs.co.uk

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Ep126 – Building in the FCA Sandbox

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In this episode

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.

Guests this week

  • Matt Herbert, Director of Strategy and Digital at British Bankers’ Association @HerbertMatt
  • Hadi Kabalan, Managing Director at Otonomos for EMEA & the Americas @hadikabalan
  • Gene Vayngrib CEO & Co-founder of Tradle @urbien
  • Edward Maslaveckas, CEO & Co-founder at Bud @Ed_Masl

News This Week

  1. £5 notes made from meat products – Link
  2. TechCrunch – Yes, the UK now has a law to log web users’ browsing behavior, hack devices and limit encryption – Link
  3. BBC – RBS worst hit in Bank of England stress test – Link
  4. Banking Tech – New UK challenger bank Masthaven opens digital doors – Link
  5. Royal Mint to issue digital gold Link
  6. The Hill – Apple, Google, Amazon ask Trump for focus on financial tech – Link

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 sandbox@fca.org.uk or visit the FCA website.

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 fintechinsider@11fs.co.uk

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Ep125 – Blockchain’s Godfather & Wealth’s Superhero

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In this episode

Hello, FinTech Insiders! This week we chat with two awesome guests leading innovation in different areas: blockchain and wealth management. 

  • Jeff Garzik, Co-Founder of Bloq @jgarzik
  • Dave Bruno, Head of UBS WM Innovation @SuperDaveBruno

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.

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 fintechinsider@11fs.co.uk

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Ep124 – Wealth: Robo-Advisors or Master of Puppets?

In this episode

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.

Guests

  • Dave Bruno, Co-Founder of YNOME and Head UBS WM Innovation @SuperDaveBruno
  • Jonathan Hey, Head of User Experience at Nutmeg @jonohey
  • Joe Parkin, Head of Wealth and Retail at iShares by Blackrock

News this week

  1. Bloomberg –  India’s Misguided War on Cash – Link
  2. Mashable – The Astronomical Rise of Mobile Wallets in India – Link
  3. Coindesk – Goldman Sachs and Santander Leaves R3CEV – Link
  4. Wired – Google is Amazing at Pictionary…Crowdsourced Machine Learning – Link
  5. Wealth Management – Envestnet Yodlee Strikes Partnership With Morgan Stanley – Link
  6. TechCrunch – German Online Wealth Management Platform Cashboard Scores €3M Series A – Link
  7. Wealth Management – Metallica Bassist Takes Equity Stake in RIA – Link

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.

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 fintechinsider@11fs.co.uk

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Ep123 – FinTech Under the Influence

In this episode

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.

  • Sam is Director of Digital & FInTech at NTT DATA Americas @sammaule
  • Chris is CEO and Co-Founder at Secco @cgledhill

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 fintechinsider@11fs.co.uk

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Ep122 – I Like Chatbots and I Cannot Lie!

In this episode

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.

Guests this week

  • Sam Maule, Director of Digital & FInTech at NTT DATA Americas @sammaule
  • Nigel Verdon, CEO & co-founder of Railsbank @nigelverdon
  • Leysa Li, Head of Content at Railsbank @LesyaLi

News this week

  1. ValueWalk – Future of FinTech [INFOGRAPHIC] – Link
  2. Business Insider – Chancellor Philip Hammond says UK is ‘global fintech capital’ as Nutmeg raises £30 million – Link
  3. Banking Technology – More branches and jobs to go at Lloyds Banking Group – Link
  4. City AM – Most fintech employees don’t value diversity in the workplace – Link
  5. Mattermark – AI Is The New New Thing (And It’s Taking Over) – Link
  6. Finextra – PayPal sends cash with Siri – Link  
  7. HBR – Simple Digital Technologies Can Reduce Health Care Costs – Link
  8. Engadet – Twitter expands ‘mute’ and ‘report’ features to combat abuse – Link
  9. Why chatbots are the last bridge to true AI – Link

Enjoy the show! If you like us, subscribe so you never miss an episode. And we’d love to see you on Facebook.

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Ep121 – Off the Chain! With R3 and RBS

In this episode

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
Richard Crook@rickcrook

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Ep120 – Will FinTech Survive Trump? Plus Blockchain’s Biggest Brains

In this episode

Will Trump roll back regulation? Did chatbots swing the election? The 11:FS team discuss with three brilliant guests:

  • Richard Brown – Chief Technology Officer, R3 – @gendal
  • Richard Crook – Head of Innovation Engineering, RBS – @rickcrook
  • Ajit Tripathy – Fintech and Digital Director, PWC –  @triptananda

Then these blockchain experts debate the fetishization of the distributed ledger technology, what blockchain really is, and where we’re headed.

News this week

  1. Business Insider – Here’s what a Trump presidency means for US fintech – Link
  2. Wired – The Political Twitter Bots Will Rage This Election Day – Link
  3. Reuters – Exclusive: Goldman Sachs considers Frankfurt move over Brexit – Link
  4. BankNXT – Bank of America’s new chatbot is a higher form of intelligence – Link
  5. Bloomberg – A Warning for Fintech – Link
  6. ZDNet – Banco Sabadell: Fintech and platforms in transition – Link
  7. Motherboard – After 20 Minutes of Listening, New Adobe Tool Can Make You Say Anything – Link  

Enjoy the show! If you like us, subscribe so you never miss an episode.

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Plus Blockchain’s Biggest Brains
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Ep119 – Back on the Blockchain Gang!

In this episode

11:FS’ resident blockchain geek, Simon Taylor, is in heaven this week. Today we bring you ace interviews with
  • Adam Ludwin, Co-Founder & CEO at Chain – @adamludwin
  • Trent McConaghy, Founder & CTO of BigchainDB – @trentmc0

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.

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Ep118 Money20/20 What Happens in Vegas…

In this episode

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.

News this week

  1. FT – See the companies included in the Future of Fintech Awards shortlist – Link
  2. BBC – Brexit court defeat for UK government – Link
  3. Reuters – UK fintech finds EU barriers emerging after Brexit vote – Link
  4. City A.M. – City passporting rights deal “unachievable” in Brexit negotiations, warns top EU financial lawyer – Link
  5. City A.M. – UK fintech pushes for its very own “Big Bang” moment – Link
  6. FinExtra – Mastercard releases blockchain APIs – Link
  7. American Banker – How Zcash Tries to Balance Privacy, Transparency in Blockchain – Link
  8. Business Insider – The fintech startup founded by ex-Barclays CEO Antony Jenkins has already done its first big deal – Link
  9. BBC – Facebook blocks Admiral’s car insurance discount plan – Link

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

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Ep117 – InsurTech: Saving the World, Saving You Money

In this episode

Our first podcast dedicated to FinTech Insider Interviews features InsurTech influencers Freddy Macnamara and Mathilda Strom.
Get Insured for an Hour (or more) on a Friend’s Car
Freddy Macnamara, Founder and CEO of Cuvva, gives us a behind-the-scene’s look at how buying car insurance works, and how his InsurTech company has managed to cut out the intermediaries.
“James, our co-founder, and I got an office in an incubator called Codebase in Edinburgh, and we hired a couple of contractors, raised a small seed round…and thought, right, what does the perfect insurance distribution platform look like? And we made a point of not talking to any industry veterans, so we could start from first principles – and what we’ve ended up with is a system where the customer is the defining feature of the database, rather than the policy.”
Protecting the Future of Every Family

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.”

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Saving You Money
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Ep116 – InsurTech. The New FinTech? Discuss.

In this episode

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:

  • Leda Glyptis (@LedaGlyptis) – Director, Sapient Global Markets;
  • Freddy Macnamara (@_freddymac) – Founder and CEO of Cuvva;
  • Nigel Walsh (@nigelwalsh) – Partner at Deloitte

News this week

  • Financial Times – China challenges London’s FinTech lead Link
  • FT Adviser – Minister pledges fintech sector support post-Brexit Link
  • Mirror – Cheeky eBay user selling plastic £5 note ‘printed upside-down’ for £65,000 Link
  • Finextra – Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018 Link
  • Amazon Executives Are ‘Pleased’ With Results of Retail Bookstores So Far LINK
  • Big DDoS attacks hit Amazon Web Services customers, but Jassy assures cloud is secure LINK
  • Clydesdale ‘makes an offer to RBS for Williams & Glyn’ – BBC News LINK

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

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Ep115 – Nordic FinTech: Thor the Win

In this episode

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).

News this week

  1. Finextra – The bank of the future will be invisible Link
  2. Reuters – Blockchain platform developed by banks to be open-source Link
  3. Coindesk – Hopes Are High Tomorrow’s Ethereum Fork Won’t Be Like the Last Link
  4. Finextra – New EU rules could cost UK firms £122bn in cybersecurity fines – PCI SSC Link
  5. Economist – Hide and seek: Bangladesh’s missing millions Link
  6. Forbes – Survey On Consumer Attitudes Toward Fintech Spells Trouble For Banks Link
  7. Quartz – Twitter fired its new VR manager because of something he posted to Facebook years ago Link
  8. The Nordic Web – The Q3 2016 Nordic Exit Analysis Link

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

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Ep114 – Yipi-API-yay: open platforms, marketplaces and next-gen banking

In this episode

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

News this week

  1. FT – Big banks miss out on FinTech investment opportunities : LINK
  2. Banking Tech – MasterCard and SolarisBank partner for digital banking push : LINK
  3. Finextra – UK banks lag behind rest of high street on customer experience – BookingBug : LINK
  4. Telegraph – Bank of England’s Mark Carney and Philip Hammond in bank ‘war game’ : LINK
  5. BBC – RBS squeezed struggling businesses to boost profits, leak reveals  : LINK
  6. Express – Which banks are getting most complaints from YOU? : LINK
  7. Forbes – Why The Teacher Of The Future Will Be Neither Man Nor Machine : LINK

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

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Ep113 – Financial Inclusion: Banking The Next Billion

In this episode

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.

News this week

  1. FT Banks are not making proper use of Fintech
  2. Finextra – ING to spend EUR800M on Digital and Shed 7,000 Jobs Link
  3. Reuters – Deutsche Bank in race to settle DoJ $14Bn Fine Link
  4. FT – Start-up WB21 Moves to Berlin but not all is as it seems Link
  5. Finextra – Banks ready for real world Blockchain Link
  6. PYMNTS – AliPay launching in three London Stores Link
  7. Techcrunch – Grow launches its App for Socially Responsible Investing Link
  8. The Memo -Moni Gives Financial Inclusion and dignity to European Migrants and refugees Link
  9. Euromoney FInancial Inclusion is changing the face of banking Link

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

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Ep112 – The Secrets of Berlin FinTech Superstars

In this episode

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)

News this week

  1. Economist – Central Banks Taking it to 11 : LINK
  2. The Guardian – Global Banking Shares Dive among $14bn Deutsche Bank Fine : LINK
  3. The Verge – Elon Musk: First humans who journey to Mars must ‘be prepared to die’ : LINK
  4. Telegraph – Almost 5,500 firms use passports to access EU from UK : LINK
    Connected to this one..
  5. Standard – Sadiq Khan confirms ‘London work permit’ plans to stop post-Brexit exodus : LINK
  6. Accenture creates editable blockchain – LOL
  7. Business Insider – Scaleable Capital attracting 4m Euro per week in deposits : LINK
  8. Fast Company – Simple launches dual card thing : LINK

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

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Ep111 – Interviewed: The innovators really changing banking

In this episode

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.

News this week

  1. REUTERS – Wells Fargo seeks to shore up reputation in wake of scandal : LINK
  2. eFinancial News – Citi fintech acceleration head departs : LINK
  3. FT – UK Regulators are the most FinTech friendly : LINK
  4. REUTERS – Hong Kong to launch banking fintech ‘sandbox’ as rivals pull ahead: LINK
  5. Finextra – Singapore and Switzerland forge FinTech pact : LINK
  6. FinNews – CBA and Barclays Reveal Long Distance Fintech Solution : LINK
  7. Business Insider – Facebook has announced messenger payments – AGAIN : LINK (plus Alexa, iOS10, imessage apps, loads of stuff this week)
  8. BBC – Bank of England to buy Apple bonds : LINK
  9. New Chewable bank note : Link
  10. Coin Desk – Big Banks Invest $55 Million in Blockchain Startup Ripple’s Series B : LINK

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

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Ep110 – Will AI change the world of Banking?

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:

  1. IB Times – Barclays completes the world’s first live, end to end trade finance transaction with a live customer on Blockchain : LINK
  2. QZ.com – Alphabet, Amazon, Facebook, IBM, and Microsoft are creating the Justice League for AI : LINK
  3. Technology Review – MIT report – AI Wants to Be Your Bro, Not Your Foe : LINK
  4. Polygon – Watch the first ever movie trailer made by artificial intelligence : LINK
  5. Venture Beat – Are chatbots an evolution or a revolution? : LINK
  6. Venture Beat – Apple pushes its AI expert hiring spree into overdrive : LINK 
  7. The Drum – David Ogilvy’s first interview since he died? Possibly not but Watson and The Drum prove his ideas are still alive : LINK 
  8. Venture Beat – A Microsoft chatbot is insulting people again, and that’s a good thing : LINK

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

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Ep109 – The Secret to UK FinTech Success

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.

Key stories this week:

  1. Independent – Apple tax: UK says it welcomes any company after tech-giant hit with £11bn Irish tax bill : LINK
  2. Fortune – Beware of Blockchain Hype Says Chain CEO Adam Ludwin : LINK
  3. Coin Desk – IBM Bridges Blockchain, AI With New Business Unit : LINK
  4. Australian Financial Review – ANZ Bank ups cloud focus with open networks for fintech collaboration : LINK 
  5. Business Insider – Oscar – City CEO: ‘The whole banking model is a bit broken’ and at risk of an Uber moment : LINK
  6. Telegraph – Jeremy Corbyn has a plan to ‘democratise the internet’. But does he even understand it himself? LINK
  7. Monzo – Mondo is now Monzo : LINK

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 ?

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

 

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Ep108 – Everything Blockchain. Ever.

Key stories this week:

  1. Finextra – BBVA says EU Bonus Cap hampers tech talent acquisition : LINK
  2. Tech Crunch – LendUp secures $47m to build the “Friendly dolphin” not loan shark of credit cards : LINK
  3. Coin Desk – Bitfinex to issue company equity (?!) to refund customers of hack : LINK  
  4. Coin Desk – One month after the DAO hack millions of dollars worth of funds unclaimed : LINK
  5. Coin Desk : Digital Asset to open source “smart contract language” : LINK

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.

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Ep107 – Why Asia-Pacific will rule the Fintech world

Key stories this week:

  1. Alibaba Makes VR Payments Play : LINK
  2. Standard Chartered rolling out Touch ID across APAC and MEA : LINK
  3. Fenqile gets $235M to get people paying in “happy installments” : LINK
  4. Hong Kong start-ups starved of banking services : LINK
  5. 15 R3 Members Trial Distributed Ledger Tech for Trade Finance : LINK
  6. ANZ hire Maile Carnegie from Google – doomed to fail?  – LINK

If you enjoyed this episode, please subscribe below using your favourite podcasting app!

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Ep106 – CMA Special: How will APIs change banking?

This week we’re joined by Bill Sullivan (@WFSULLIVAN3) Global Head Financial Services Market Intelligence , Dominic Lindley (@DominicLindleyFinancial Services Consumer Panel and friend of the show appearing for her hat-trick Anna Irrera (@annairrera) Trading and tech reporter for  (part of ).

Key stories this week:

    1. Finextra – Bitcoin and Blockchain “pose little risk to payments players” Credit Suisse Blockchain Report: LINK
    2. TechCrunch – 200m revenue for Pokemon goLINK 
    3. Business Insider – Fintech funding has declined except for one key area : LINK
    4. Mashable – Apple Pay fights back against Australian banks LINK
    5. How fintech could cash in on BoE rate cut – How fintech could cash in on BoE rate cut : LINK
    6. Finextra – RBS scraps W&G carve out : LINK
    7. Coin Telegraph – IBM to Launch One of the Largest Blockchain Implementations in the World : LINK
    8. Qapital integration – The thin edge of the wedge for APIs: LINK
    9. Tech Crunch – Mondo get’s its banking licence … with restrictions : LINK

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

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Ep104 – Lots and lots of news

This week:

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

 

In the news we chatted through:

Mark Andreesen and a16z go long on chat

http://a16z.com/2016/07/24/money-as-message/

Break up the financial watchdog over HBOS failures, MPs urge

http://www.telegraph.co.uk/business/2016/07/25/break-up-the-financial-watchdog-over-hbos-failures-mps-urge/?WT.mc_id=e_DM143962&WT.tsrc=email&etype=Edi_Cit_New_Tue_9Sections&utm_source=email&utm_medium=Edi_Cit_New_Tue_9Sections_2016_07_26&utm_campaign=DM143962

As goes correspondent banking so goes globalisation

http://ftalphaville.ft.com/2016/07/26/2170875/as-goes-correspondent-banking-so-

Italian finance minister rejects need for banks bail-in – Financial Times

http://goo.gl/yQPlDI

Engineers vs urban geometry

http://ftalphaville.ft.com/2016/07/22/2170732/engineers-vs-urban-geometry/

Fidor fuels O2 mobile banking launch

http://goo.gl/NuQU6I

Fintech sector sees 23 deals worth $184 million till June this year – Economic Times

http://goo.gl/F4Df3F

Mark Carney Has Started A Revolution By Embracing Fintech – Forbes

http://goo.gl/okTLI8

Drop in internet banking as rise in banking apps use is recorded

http://goo.gl/BGu4WN

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

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Ep103 – Blockchain, Blockchain, Blockchain

1) BT fault hits broadband users and banks
http://www.bbc.co.uk/news/technology-36844712

2) Pokemon Go’s McDonald’s Partnership Points To A Promising Business Model
http://www.forbes.com/sites/parmyolson/2016/07/20/pokemon-go-mcdonalds-japan-nintendo-revenue/#3e0f226160d5

3) Apple Pay says bonjour to France and nei ho to Hong Kong
http://www.cnet.com/news/apple-pay-says-bonjour-to-france/

4) Oaknorth : first challenger bank to use Facebook at Work
http://www.bankingtech.com/536972/oaknorth-first-challenger-bank-to-adopt-facebook-at-work/?utm_source=rss&utm_medium=rss&utm_campaign=oaknorth-first-challenger-bank-to-adopt-facebook-at-work

5) Silicon Valley billionaire Peter Thiel is doubling down on a German fintech startup
http://uk.businessinsider.com/silicon-valley-billionaire-peter-thiel-increases-investment-in-germanys-deposit-solutions-2016-7

6) Google’s DeepMind trains AI to cut its energy bills by 40%
http://www.wired.co.uk/article/google-deepmind-data-centres-efficiency

7) Santander’s fintech VC firm got another $100 million to invest
http://uk.businessinsider.com/santander-innoventures-mariano-belinkey-new-fund-brexit-fintech-2016-7

8) A huge US bank is ignoring Brexit warning signs and is buying a new £300 million London HQ
http://uk.businessinsider.com/wells-fargo-buys-new-london-office-despite-brexit-2016-7

9) Central Bank Digital Currencies Could Boost GDP, Bank of England Says
http://www.coindesk.com/central-bank-digital-currencies-boost-gdp-bank-england-says/

10) UK Legislators Cast Critical Eye on Bitcoin and Blockchain at Parliament Event
http://www.coindesk.com/committee-talks-blockchains-government-ethics-house-lords-hearing/

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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Ep102 – Bitcoin halving, Bud and Pokemon Go!

Articles we discuss in the news:

1. The Financial Brand – What can banks learn from Pokemon?
https://thefinancialbrand.com/59873/banking-mobile-social-pokemon-go-app-engagement/

2. Overdrafts more expensive than payday loans says ‘which’
http://www.bbc.co.uk/news/business-36746372

3. Fred Wilson says “Corporate VCs are the devil”
https://www.cbinsights.com/blog/corporate-venture-capital-investment-disadvantages-fred-wilson-usv/?utm_source=The+Financial+Revolutionist+Weekly+Briefing&utm_campaign=23e67c8e48-Weekly_Briefing_No_36&utm_medium=email&utm_term=0_bbba91202b-23e67c8e48-76962253

4. Amex gets into SME lending
http://www.crainsnewyork.com/article/20160705/TECHNOLOGY/160709995/amex-challenges-square-on-deck-with-small-business-oans-online?utm_source=The%20Financial%20Revolutionist%20Weekly%20Briefing&utm_campaign=23e67c8e48-Weekly_Briefing_No_36&utm_medium=email&utm_term=0_bbba91202b-23e67c8e48-76962253

5. US Founder in London says no intention to move post Brexit
http://news.efinancialcareers.com/us-en/249475/heres-how-brexit-will-impact-the-us-vs-uk-fintech-rivalry

6. Revolut got funding – is fintech funding drying up?
http://uk.businessinsider.com/fintech-revolut-series-a-brexit-crowdfund-2016-7

&

https://www.finextra.com/newsarticle/29165/revolut-breaks-uk-crowdfunding-record-with-over-12-million-pledged

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

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Ep101 – Brexit Special

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.

Articles we discuss in the news:

Apple Pay: Payment's dirty little secret
http://www.pymnts.com/news/mobile-payments/2016/apple-pay-adoption-usage-2016/

Fixing the hole in Ethereum
http://www.coin-desk.com/ether-prices-plunge-dao-soft-fork-warning/

We hoped you liked Episode 1 – Follow us and tell us what you think of the show @FinTechInsiders

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