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

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


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.


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.

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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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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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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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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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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.

FinTech-Insider_mg_3people_alt1---133

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

FinTech-Insider_mg_3people_alt1---130

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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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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Ep126 – Building in the FCA Sandbox

FinTech-Insider_sarah2

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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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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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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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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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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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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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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