Episode 115. News: buying jewellery from a bank?

In this episode:

David, Jason and Simon are joined for this week's show by news show regulars Liz Lumley and Kadhim Shubber.

First up Jason guides the team through recent current account announcements from both Monzo and Starling - are they the hipsters of fintech?, Are they racing each other to release products?, and is there not room enough in the industry for both? They myth-bust the "tech-focus" of BNY Mellon's new CEO; why "tech" is the tag everyone seems to covet - but saying it does not make it so; Kadhim introduces everyone to Shingy (shingy.com) and was the FCA's faulty currency convertor tools deliberate or an honest mistake?

As Barclays start giving away BPay bands for free they debate whether wearable alternatives to wallets are really a thing? And if they are, should you pay for them?

David also chats with David Geale of the FCA on their latest cohort for the regulatory sandbox.

Guests:

News this week:

  1. Finextra - Monzo taking it slowly as first limited-edition current accounts come onstream- Link 
  2. Starling Bank YouTube - Starling goes live with Apple Pay - Link
  3. Finextra - Paypal partners with Samsung Pay - Link
  4. Bloomberg - BNY Mellon appoints tech-focused Charles Scharf as its CEO - Link
  5. Finextra - FCA issues warning over misleading currency converter tools - Link
  6. Business Insider - Ratesetter has £80m of loans go bad - Link
  7. City AM  - Barclays to give away “BPay” bands for free - Link
  8. FT - Tech “start-ups” raise $1.3Bn from “ICOs” Link
  9. Guardian - End of the 'rip-off': all charges for paying by card to be banned - Link
  10. Chicagotribune -  Man robs bank while 4 children wait outside in SUV - Link

Ep. 113 News: Is Cash Dying?

In this episode

In a fun packed episode, David is joined by regular guest Ghela Boskovich, alongside Edward Maslaveckas, Jeff Tijssen and Gabrielle Inzirillo, who made her Fintech Insider debut, having only just stepped off the Eurostar from Paris.

The team discuss whether or not cash transactions are dying out in the UK thanks to the convenience of contactless payments - (1/3 of all card transactions are now contactless) - and the UK's reduction in reliance on credit cards overall. Conversely, on the other side of the pond the US are now "hooked on credit", is this the result of glamorous loyalty programmes or poor financial education?

They also debate whether or not the UK cares about challenger banks; what the implications are of Stripe going after the Chinese market with integration of Alipay; US's reluctance to adopt APIs; Revolut's move to take on the Asian market following major investment; and how freaked out you'd be if your ATM started sending you handwritten messages, along with much more.

Guests

News this week

  1. Business Insider - UK card payments overtake cash, but less bought on credit - Link -
  2. Business Insider - America is hooked on credit cards — and it's pretty clear why - Link
  3. Finextra - Brits unmoved by new digital challengers - Link
  4. Guardian - Lloyds Bank brings in single overdraft rate in radical shake-up - Link
  5. Tech Crunch - Confirmed: London fintech Curve raises $10M Series A - Link 
  6. Business Insider - Worldpay shares drop sharply after it agrees a £9.1 billion deal with Vantiv - Link
  7. Finextra - HSBC and Barclays join EU project to test the use of digital IDs for cross-border banking- Link
  8. Tech Crunch - Stripe adds support for Alipay and WeChat Pay, China’s top digital payment services- Link 
  9. Finextra - Nacha sets sights on standardised APIs - Link 
  10. BBC News-  RBS agrees £3.65bn settlement over risky mortgages in US - Link 
  11. CNBC -  Revolut raises $66 million in venture capital investment; eyes expansion in Asia & US- Link
  12. Guardian - Texas man trapped inside ATM rescued after passing notes through receipt slot - Link

Ep. 274. News: Digitising Pocket Money

In this episode

David and Simon are joined by regular Sarah Kocianski, and RFi and Sky News Australia's Chloe James, who makes her Fintech Insider  debut, for this week's news.

First up, they discuss the pros and cons of "screen-scraping" - do banks only want open banking on their terms and to pick and choose the bits of it they want?; is it right that challengers only get one representative at the Open Banking Initiative- and is Atom really a challenger bank?;  and is a CIO title unnecessary?  You can't innovate in a silo, it needs to go company wide, nor can one person or department "own" innovation, that only creates turf wars.

There are also strong views on the 'culture of harassment' for women in tech as reported by the New York Times and how sad it is that this culture already permeates an industry that's so young. The necessity of speaking up to shatter unconscious bias in the industry is paramount.

They also take on Danske Bank's pocket money app to allow parents the ability to digitise pocket money for their children and have an online overview of what they do with it - could this be a key to improved financial education for children?

The team also reflect on the 'changing of the guard' at Tesco Bank as their CEO steps down after 10 years; on MBank putting themselves forward as a template for others as they licence their tech platform, and on Tide's $14M raise from the same backers as Spotify - can they now live up to their hype of being the "Monzo of business"?

Guests

  • Sarah Kocianski, Senior Research Analyst Fintech at Business Insider UK
  • Chloe James - Group Media Director - RFi Group & Presenter at Sky News Australia

News this week

  1. Finextra - EBA rejects Commission amendments on screen scraping under PSD2 - Link
  2. Open Banking - Atom Bank CEO Joins Open Banking Initiative As Challenger Bank Representative - Link
  3. Finextra - HSBC hires Diana Biggs to lead business model innovation - Link
  4. Bloomberg - Tesco Bank Says Chief Executive Higgins to Retire Next Year - Link
  5. Techcrunch - Curve now lets you ‘go back in time’ and switch the card you paid with retroactively - Link
  6. FinTech Insider News -  Poland's mBank to license tech platform to third party financial institutions - Link
  7. FinTech Insider News - Danske Bank develops pocket money app - move over Osper / GoHenry - Link
  8. New York Times - Women in Tech Speak Frankly on Culture of Harassment - Link
  9. Business Insider - Fintech startup Tide: $14 million boost from Spotify backers Creandum - Link
  10. Medium - Bag Snatchers, Monzo, and a night of adventure in London. - Link

Ep. 271. News: LIVE from Money20/20 Europe

In this episode

We bring you our first ever live podcast, recorded in front of a live audience at Money20/20 Europe, Copenhagen.

With all four of our regular hosts, David Brear, Jason Bates, Simon Taylor and Chris Skinner, plus six fantastic guests from the world of fintech and banking (and previous podcasts), they discuss the latest news and stories with additional audience interaction, including:

Goldman Sachs' lending business hitting its first $1bn mark, is this a good thing or is it old news?, the pros and cons of card use and card readers vs smartphone points of sale - as pioneered by Jack Dorsey's Square; and the merits of Will.i.am as an advisor to Atom Bank and personification of their market sector, which opens up discussion of who other banks would be if they were a pop star.

We also hear Starling's own Megan Cawood on their European expansion and Simon and Ajit lead the audience into a cryptocurrency Q&A explaining the Ethereum "flash crash" and what this means for Ethereum's future, and cryptocurrency in general, and they attempt to address the same old question: is it a bubble, should I hold or sell?

Guests

News this week

  1. Business Insider - Goldman Sachs' new online lending business has already hit a $1 billion milestone - Link
  2. Financial Review - Square gets green light to take on banks with 'PIN on glass' mobile technology - Link
  3. Tech City News -Will.i.am reveals why he became an advisor to UK FinTech startup Atom Bank - Link
  4. Venture Beat - Stripe refocuses European effort with 6 new markets and expanded payments platform - Link
  5. Tech Crunch - Starling Bank passports to Europe, first stop Ireland - Link
  6. CNBC -  Despite $319 to 10 cents flash crash, ethereum still has massive potential, says digital currency expert - Link
  7. Techcrunch - Coinbase is reimbursing losses caused by the Ethereum flash crash - Link
  8. Bloomberg - Jack Ma's Ant Financial Nearly Doubles Profits Amid Deal Push - Link

Ep. 268. News: It's raining money in Durham

In this episode

We have a whole host of hosts as David, Jason, Simon and Aden are joined by Mariano Belinky and Jamie Campbell for the news.

This week in a European-led section of the show the team discuss Swedish giant Klarna getting it's official banking licence to begin delivering financial services, Spain's first fully digital bank, European "robo advice", and the European Central Bank demanding declaration of all cyber security breaches.

It's raining money in Durham as Atom gets a further £30 million investment from the government, and why did Will.i.am became an advisor to Atom - and does it work?

Additionally, they also take on the Barclays execs' fraud charges during the financial crisis in 2008, ahead of their hearing next week; and an equally political story on the other side of the pond: Elizabeth Warren's attempts to remove 12 Wells Fargo board members.

Finally, the guys also discuss whether PayPal are right to dismiss the Apple Pay challenge; and the impact of two thirds of the world's population now having mobile phone access and what does that mean for digital innovation?

Guests

News this week

  1.  Techcrunch - Klarna gets a full banking license, gears up to go beyond financing payments - Link
  2. Techcrunch - Monese adds Direct Debits to become even more like a regular bank account - Link
  3. Banking Tech - Spain’s first fully digital bank Openbank in major transformation - Link
  4. Bloomberg - Barclays and Four Former Execs Charged Over Qatar Probe - Link
  5. CNBC - Sen. Elizabeth Warren calls for removal of 12 Wells Fargo board members - Link
  6.  Business Insider - BlackRock gets into European 'robo advice' as it leads €30 million investment in Scalable Capital - Link
  7. Business Insider - Atom Bank gets £30 million from the government as Philip Hammond pledges investment boost - Lin
  8. Tech City News - Will.i.am reveals why he became an advisor to UK FinTech startup Atom Bank - Link
  9. The Telegraph - PayPal chief dismisses Apple Pay challenge - Link
  10. City AM - Banks to be forced to reveal all cyber security breaches to the European Central Bank - Link
  11. NFC World - Swedish commuters validate tickets using NFC microchips implanted in their hands - Link
  12. Daily Fintech - International Regtech Association Launch and IBM Watson announce Regtech Apps - Link
  13. Venture Beat - 5 billion people now have a mobile phone connection - Link

Ep. 265. News: Guess who's back?

In this episode

David is back! He and Aden are joined by regulars Liz and Sarah for the news.

This week the team take on The FCA's cohort 3 and reveals cohort 2 for their sandbox; Amazon flexing it's financial services muscles; and the "demise of a fintech darling" as Monetise is to be acquired by Fiserv for £70million, when it was previously valued at £2billion.

They also ask "what the hell is Zelle?" - the instant transfer app taking the US by storm, a key rival of Venmo, a product of six banks working together with 86million instantly available customers, it looks set to make big waves. The team also tackle Uber upheavals, and the ongoing sexism disputes threatening to tear the company apart,  leaving it currently without a CEO, CTO or COO - is this the beginning of the end for them? Even if it's not, being the "Uber of banking" may no longer be a thing to aspire to.

They also discuss what is the future for the small town bank branches and is honesty the best policy?, as Monzo sends out open communications explaining the need to verify 20,000 customer accounts or else to shut them down.

And finally... Potcoin Dennis Rodman and North Korea - is this a movie waiting to happen?

Guests

News this week

  1. FCA - Financial Conduct Authority provides update on regulatory sandbox - Link
  2. Reuters - Amazon lent $1 billion to merchants to boost sales on its marketplace Link
  3. Finextra - Fiserv to acquire Monitise for £70 million - Link
  4. New York Times - Cash Faces a new challenger in Zelle, A mobile banking service Link
  5. BizJournals - Bank of America launches new high-tech financial centers around U.S Link
  6. The Guardian - As we wave goodbye to cash, ATMs have had to get a whole lot smarter Link
  7. Finextra - Monzo may have to freeze some accounts under new money laundering rules - Link
  8. The FT - Deutsche Bank wealth arm targets Asia super-rich Link
  9. New York Times - Uber embraces major reforms as Travis Kalanick, steps away Link
  10. New York Times - David Bonderman resigns from Uber board after Sexist remark - Link
  11. The Register - Ta-ta, security: Bungling Tata devs leaked banks' code on public GitHub repo, says IT bloke Link
  12. FNLondon - Email hoaxer catches out top brass at Citi and Goldman Link
  13. The Verge - A cryptocurrency for weed is sending Dennis Rodman back to North Korea Link

Ep. 263 - News: Dodd Frank, Trump, Elections, Unicorns - what didn't happen this week?

In this episode

Simon and Aden are joined by regulars Ghela and Sarah for the news.

This week we discuss all things politics on both sides of the pond, especially THAT Dodd Frank legislation repeal proposed by Trump, that seems to have flown slightly under the radar while we were all looking the other way, watching Comey's testimony- and what this would mean for banks and their customers if it happens. Also on the table is the UK election result and the potential "Brexit dilemma": other European fintech hubs could take the talent and budget away from London - will London fight back?

They also tackle whether it's possible for incumbents to ever truly become fintech firms, or will innovation always get bogged down in middle management? On the flipside is Coinbase, who has just achieved unicorn status with their latest valuation - is it a game-changer to have a cryptocurrency firm inducted into unicornland?

The team also debate whether it's a big deal that Apple have announced a peer-to-peer payment service, to compete with Venmo; and with Atom postponing the launch of their current accounts, are they struggling to be truly digital? Additionally they all agree that Ant Financial is a beast but it is not yet a bank, can it successfully make the switch?

Finally, how do we feel about Australia's attempt to rename its currency the Dollarydoo - and can the change of a currency's name affect it's worth?

Guests

News this week

    1. Politics! Trump and Comey, Dodd Frank legislation repeals, and the UK election result.
    2. Recode -  Apple just announced its own Venmo competitor built into iMessage - Link
    3. Atom postpones current account launch - Link
    4. The Telegraph - Aviva eyeing AI and big data in bid to become fintech firm - Link
    5.  Coin Telegraph - Coinbase Valued at $1 Bln, Could Target More Aggressive Global Expansion - Link
    6. Nikkei Asian Review - Ant Financial seen becoming world's top consumer bank - Link
    7. Polish fintech companies face Brexit dilemma - Link
    8. Marketwatch - A petition to call Australia’s currency ‘the Dollarydoo’ has 50,000 signatures - Link

Ep259 - News: Dirty Money

In this episode

Aden and Simon are joined by regulars Kadhim and Liz for the news. This week we find out if it’s really necessary to use VR in banking; and, as ATMs are dying and costing banks to run, we discuss the pros and cons of hard cash versus digital transactions - and the various reasons why people are still keen on cash.
We also myth-bust the theory that consumers are less trusting of robots or AI for banking and money movements than they would be for major surgery; and if it’s true Google can track what you’re buying online and offline via your credit card purchases - and how do we feel about this? Finally, the team debate the importance of big banks and banking regulators beginning to pay attention to fintech, and why Chicago should be a fintech hub, but isn’t.

Guests

News this week

  1. Finextra -  BNP Paribas jumps into virtual reality - Link
  2. Finextra - Bank of America preps data sharing service - Link
  3. Finextra - Dutch banks bid to manage falling cash use through joint ATM network - Link
  4. HSBC partners with AI startup to combat money laundering - Link
  5. Bloomberg - HSBC Discovers Consumers Trust Robots for Surgery Over Savings - Link
  6. MIT Techreview - Google Now Tracks Your Credit Card Purchases and Connects Them to Its Online Profile of You - Link
  7. President of the ECB talks Fintech  - Link
  8. Sydney Morning Herald -  China's P2P lending market 24x bigger than the US fintech lending market  - Link
  9. Coindesk - India's 'BankChain' Consortium Launches Blockchain KYC System - Link
  10. Chicago should be a fintech hub but why isn't it? - Link

Ep256 - News: We're Breaking Free

In this episode

David, Jason and Simon jump into the news accompanied by Richard Davies. This week borderless bank accounts, can your voice be secure and we make Simon talk Apple pay.

We also have interviews from Transferwise, Seedrs and Pensionbee to cover their big announcements this week.

Guests

News this week

  1. Techcrunch - TransferWise launches ‘Borderless’ account for businesses, sole traders and freelancers - Link
  2. BBC fools HSBC voice recognition security system - Link
  3. Apple Pay now supports higher value transactions at most UK contactless tills - Link
  4. American Banker - If banks wait for APIs to be mandated, it will be too late - Link
  5. British firm Seedrs plans a secondary market for crowd-funded shares - Link
  6. afr.com - How Pocketbook went from a Sydney spreadsheet to a fintech with 300,000 users - Link
  7. PensionsBee partners with Revolut
  8. Crypto craziness! A story on it all going off!
  9. Reuters - BofA, HSBC, Intel, others invest $107 mln in blockchain startup R3 - Link

Ep253 - CyberRansomWarfare!

In this episode

Jason, Simon and Andra are joined by Myke and Liz for the news. We find out if bitcoin to blame for ransomware, whether consumers actually want to cut the banks out of loans. Everyone debates why anyone would want to buy the Co-Op. Jason commits a vile podcast sin and will Google be your next bank?

Guests

News this week

 

  1. BBC News - Massive ransomware infection hits computers in 99 countries - Link
  2. The Register - After years of warnings, mobile network hackers exploit SS7 flaws to drain bank accounts - Link
  3. Business Insider - Zopa becomes the first of the 'Big 3' peer-to-peer lenders to be authorised by the City watchdog - Link
  4. Business Insider - Startup bank Tandem cuts headcount after funding setback - Link
  5. City AM - Virgin Money walks away from Co-op Bank takeover talks after months of speculation - Link
  6. Quartz - The world’s most successful mobile money market is introducing cross-network transfer systems - Link
  7. Symphony secure messaging app gets 63m at 1b - Link
  8. Fortune - Amex debuts its first Alexa Skill - Link
  9. Harvard Business Review - Link
  10. Finextra - UK consumers ready to swap banks for tech giants - Link
  11. Money Watch - DrnkPay: Payments System Aims To Stop Drunken Spending - Link

Ep250 - If You Liked It, Then You Should've Put A Blockchain On It

In this episode

We discuss what a challenger bank really is - drawing a line in the sand for who is and who isn't in the cool kids club. Alipay seems to be taking over the world through tourism, we discuss how that strategy might be the best route into the west. Debit cards are finding into the hands on children, how do we make sure kids don't go crazy with (and power) - is this the new way for banks to acquire customers? All this and more on the news this week.

Guests

Our community contribution was from Nina Mohanty this week (@ninamohanty)

News this week

  1. Banking Technology - FinTech companies blast banks over PSD2 direct access angst - Link
  2. The Telegraph - Upstart Challenger Banks eye consolidation - Link
  3. Banking Technology - Deutsche Bank leads charge for pan-industry e-identity platform - Link
  4. Bloomberg - Apple Can Thank Alipay for Shopping - Link
  5. Global Times - WeChat expands in US, EU - Link
  6. MacRumours - Visa and Payments Startup 'Current' Launch Debit Card for Kids That Ties to Parental Control App - Link
  7. Banking Innovation - Barclays Gives Users Total Control Over Debit in Effort to Stop Card Fraud - Link
  8. FT - Aviva chief executive hits out at personal insurance market - Link
  9. Recode - Square is rolling out its first debit card - Link
  10. Finextra - Starling opens payment services unit - Link
  11. Reuters - Top French bank chief attacks no-frills rivals for freeloading - Link

Ep247 - Making BOMAD a Thing

In this episode

Could Apple have a viable payments platform? Simon gets back from holiday, we had some questions about his new lifestyle choices. We get to the bottom of why Spotify may need a blockchain. Nigel Walsh drops by to talk to us about insurtech funding and we start filling out our mortgage applications to our parents.

Guests

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

News this week

  1. Recode - Apple is in talks to launch its own Venmo - Link
  2. Medium - The first real revolution in venture capital: crypto tokens  - Link
  3. Coindesk - The United Nations Just Launched Its First Large-Scale Ethereum Test - Link
  4. Techcrunch - Spotify acquires blockchain startup Mediachain to solve music’s attribution problem -Link
  5. Techcrunch - PayPal launches a small biz toolset, ‘Business in a Box,’ with WooCommerce & Xero - Link
  6. FT - Bank of Mum and Dad is ninth-biggest lender with £6.5bn loans - Link
  7. Submitted by listener Quinn Dempsey on Twitter, American Banker - JPMorgan defection underscores tough blockchain choices - Link
  8. Neshoba Democrat - The Citizens Bank launching interactive tellers - Link
  9. FT - Investment in insurance tech start-ups drop sharply - Link
  10. Globes - Jes Staley sees technology as driving globalisation and changing banking, but says there'll always be a Barclays. - Link
  11. Backchannel - The AI Cargo Cult - The myth of super hero AI - Link

Ep245 - Mandatory Listening

In this episode

Our last news show at Level39, Aden Davies is on point for the first time, as we dive into the world of ageing plastic cards, whether social networks should be their own police force, there's an update from the East, and just how legacy banking systems are maintained... the answer is cowboys.

Don't forget you can use our code 11FS17 to save £100 on your ticket to the Global Digital Banking Conference (http://www.globaldigitalbanking.com/).

Guests

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

News this week

  1. Engadget - Smart card Plastc goes under despite $9m in preorders, without shipping a single card - Link
  2. BBC - Mastercard reveals credit with fingerprint sensor - Link
  3. Business Insider - Allianz goes for Lemonade - Link
  4. Guardian F8 Roundup - Shark AR, Mind reading technology & group payments - Link
  5. Bank Innovation - 5 financial services bots launched at facebook-f8/ Link  
  6. The Paypers - Alipay, Wechat Pay reach USD 2.9 trillion online payments in China - Link
  7. Finextra - Robinhood app rises $110 million series C at a $1.3bn valuation - Link
  8. Token.io raises $15.7m series A funding from Octopus, EQventures and OP Financial - Link
  9. Reuters - Banks scramble to fix old systems as ‘COBOL Cowboys’ ride into the sunset - Link
  10. Techbullion - Top 10 Fintech Influencers to follow on Twitter - Link

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

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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

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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!


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 

Are we one of your favs? If so, please tell a friend about our podcast, and leave FinTech Insider a review on iTunes.


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.


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!


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.


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.

The post Ep215 – Cookies, Funny Money & What if Amazon Buys Capital One? appeared first on 11FS.


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.

The post Ep212 – News: Is FinTech Failing? Dodd-Frank. And Everything Goes Back to Cannabis. appeared first on 11FS.


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.

The post Ep209 – Should UK Prepare for FinTech Exodus?; China Tests Digital Currency appeared first on 11FS.


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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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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