Fintech Insider Podcast by 11:FS

In this episode In the third of our three part Blockchain Special, Simon and Colin are joined by some very special guests to discuss EEA, ZCash and the potential similarities between blockchain and the rise of cryptocurrencies and the dot-com bubble in the 90s, and asks the question: “Why should we be paying attention?”. They also debate the anonymity of blockchain and user privacy; and centralisation vs decentralisation in blockchain APIs – do we still need the middle man? In the second half they discuss highly topical news stories such as the EU’s pledge to invest in blockchain research and Theresa May’s proposal for greater internet security and access to public data – is she asking for the impossible? Like what you heard? Look out for Blockchain Insider – a dedicated podcast to all things blockchain, coming soon! Guests Jack Gavigan – COO at Z-Cash (The Zerocoin Electric Coin Company) Alex Batlin – Co-Founder at Enterprise Ethereum Alliance and Global Head of Emerging Business & Technology and Global Blockchain Lead at BNY Mellon Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep. 260 – Blockchain Special Part 3: EEA and ZCash – Open Blockchains for Enterprise? appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Elizabeth Lumley FinTech commentator & Author of girl-disrupted.com Kadhim Shubber, Reporter at Financial Times News this week Finextra – BNP Paribas jumps into virtual reality – Link Finextra – Bank of America preps data sharing service – Link Finextra – Dutch banks bid to manage falling cash use through joint ATM network – Link HSBC partners with AI startup to combat money laundering – Link Bloomberg – HSBC Discovers Consumers Trust Robots for Surgery Over Savings – Link MIT Techreview – Google Now Tracks Your Credit Card Purchases and Connects Them to Its Online Profile of You – Link President of the ECB talks Fintech – Link Sydney Morning Herald – China’s P2P lending market 24x bigger than the US fintech lending market – Link Coindesk – India’s ‘BankChain’ Consortium Launches Blockchain KYC System – Link Chicago should be a fintech hub but why isn’t it? – Link The post Ep259 – News: Dirty Money appeared first on 11:FS. Special Guests: Kadhim Shubber and Liz Lumley. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode We welcome back Valentin Stalf, CEO of N26 back to the show. Simon spends some time to catch up with Valentin on N26’s growth and how they’ve forged ahead expanding to new countries. Valentin talks about what is needed to be done to enter the UK market. We cover N26’s growing pains related to cyber security, Valentin’s approach to countering it and using bug bounty programs to create a sustained defence. We talk to advantages of digital on boarding and what the future looks like for N26 and open API’s. We then find out what it’s like to be a young CEO and how to stay productive while having the world on your shoulders. You can follow Valentin on Twitter here and learn more about N26 on their website. Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep258 – Interview: Valentin Stalf, Co-Founder & CEO at N26 appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Part 2 of our Blockchain Special, Simon and Colin with a roster of fascinating guests focus on the recent Consensus conference. We cover what the conference is, who should be attending and where it means to the industry. We give you a crash course on the difference between cryptocurrencies and DLT, what the main impacts ledger technology will have on banks and what is causing the major spikes in crypto currency prices right now. Stay tuned in for our final part next week. Guests Ghela Boskovich Ajit Tripathi, Director, Fintech and Digital Banking at PwC Jeremy Millar, Chief Of Staff at ConsenSys Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep257 – Blockchain Special Part 2: Consensus Recap appeared first on 11:FS. Special Guest: Ghela Boskovich. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Richard Davies Global Head of Propositions at HSBC Joe Cross General Manager at Transferwise Jeff Lynn CEO at Seedrs Romina Savova CEO at Pensionbee News this week Techcrunch – TransferWise launches ‘Borderless’ account for businesses, sole traders and freelancers – Link BBC fools HSBC voice recognition security system – Link Apple Pay now supports higher value transactions at most UK contactless tills – Link American Banker – If banks wait for APIs to be mandated, it will be too late – Link British firm Seedrs plans a secondary market for crowd-funded shares – Link afr.com – How Pocketbook went from a Sydney spreadsheet to a fintech with 300,000 users – Link PensionsBee partners with Revolut Crypto craziness! A story on it all going off! Reuters – BofA, HSBC, Intel, others invest $107 mln in blockchain startup R3 – Link The post Ep256 – News: We’re Breaking Free appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

For this very special edition of Fintech Insider Interviews, Simon had the chance to talk to Christopher Giancarlo, Acting Chairman of the CFTC. Christopher walks us through what the CFTC is and how they differ from the SEC. He talks about how the CTFC are trying to foster new innovation through their LabCFTC initiative. LabCFTC is an effort to become an early adopter regulator looking into applications of machine learning, AI, DLT and Blockchain technologies being applied to regulatory challenges. Christopher speaks to Simon about the value of new technology and what an updated regulatory environment could look like going forward. Want more of Christopher? You can follow him on Twitter here. You can find out more about the CFTC on their website. Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep255 – Interview: Christopher Giancarlo, Acting Chairman CFTC appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode As crypto currency interest and prices reach an all time high Simon and Colin bring you the first of a three part special on Blockchain. We delve into the hurricane of news that surfaced this week talking all time high prices, Bitcoin’s effect on national security and the CFTC’s foray into the blockchain. In our second half tokens and ICO’s are on the table as we explain what exactly an ICO is, what tokens are, what industries are reacting and why you should be paying attention. Keep an eye out for part 2 next week! Guests Kadhim Shubber, Reporter at Financial Times Euros Evans Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep254 – Blockchain Special Part 1: Tokens appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Elizabeth Lumley FinTech commentator & Author of girl-disrupted.com Myke Hurley Co-Founder at Relay FM News this week BBC News – Massive ransomware infection hits computers in 99 countries – Link The Register – After years of warnings, mobile network hackers exploit SS7 flaws to drain bank accounts – Link Business Insider – Zopa becomes the first of the ‘Big 3’ peer-to-peer lenders to be authorised by the City watchdog – Link Business Insider – Startup bank Tandem cuts headcount after funding setback – Link City AM – Virgin Money walks away from Co-op Bank takeover talks after months of speculation – Link Quartz – The world’s most successful mobile money market is introducing cross-network transfer systems – Link Symphony secure messaging app gets 63m at 1b – Link Fortune – Amex debuts its first Alexa Skill – Link Harvard Business Review – Link Finextra – UK consumers ready to swap banks for tech giants – Link Money Watch – DrnkPay: Payments System Aims To Stop Drunken Spending – Link The post Ep253 – CyberRansomWarfare! appeared first on 11:FS. Special Guest: Liz Lumley. Learn more about your ad choices. Visit megaphone.fm/adchoices

David interviews Claire Calmejane Director of Innovation and Digital Centre of Excellence at Lloyds Banking Group. Claire explains what it means to be leading innovation at Lloyds, we investigate what makes up being a true innovator and what different skills you need to balance to be effective in the space. Better get growing that technology leg! We learn a bit more about what Lloyds is doing to not just promote open banking but foster better education about new developments within the company. Claire discusses the effect of the technology giants in the banking world and the diversification of your companies offerings should be looking to services. Want more of Claire? You can follow her on Twitter here. Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep252 – Interview: Claire Calmejane appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode On this week’s Insights show we delve deep into the world of consumer Fintech. We speak with the best in the business on how Fintech compares with other technology developments like fitness and communication and what Fintech looks like as people integrate it into their lives. We find out what it takes to get people to try something new and whether Fintechs can be trustworthy compared to incumbent banks. All this and more on Fintech for The Average Joe Guests Charlie Taylor – Analytics & Growth Lead at Curve Ed Maslaveckas – CEO & Co-founder at Bud Lukas Zoerner – Founder at MoBillity Victor Trokoudes – CEO & Co-founder at Plum Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep251 – Fintech For The Average Joe appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Elizabeth Lumley FinTech commentator & Author of girl-disrupted.com Ajit Tripathi, Director, Fintech and Digital Banking at PwC Dave Tonge, CTO at Moneyhub James Lloyd, Asia-Pacific Fintech Leader at EY Julian Sawyer, COO at Starling Bank Our community contribution was from Nina Mohanty this week (@ninamohanty) News this week Banking Technology – FinTech companies blast banks over PSD2 direct access angst – Link The Telegraph – Upstart Challenger Banks eye consolidation – Link Banking Technology – Deutsche Bank leads charge for pan-industry e-identity platform – Link Bloomberg – Apple Can Thank Alipay for Shopping – Link Global Times – WeChat expands in US, EU – Link MacRumours – Visa and Payments Startup ‘Current’ Launch Debit Card for Kids That Ties to Parental Control App – Link Banking Innovation – Barclays Gives Users Total Control Over Debit in Effort to Stop Card Fraud – Link FT – Aviva chief executive hits out at personal insurance market – Link Recode – Square is rolling out its first debit card – Link Finextra – Starling opens payment services unit – Link Reuters – Top French bank chief attacks no-frills rivals for freeloading – Link The post Ep250 – If You Liked It, Then You Should’ve Put A Blockchain On It appeared first on 11:FS. Special Guest: Liz Lumley. Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s an interview double header! We talk to Poornima Vijayashanker and Lawrence Wintermeyer. First up Aden interviews Poornima Vijayashanker about her work on Femgineer, her previous life at Mint and what it meant to be at the forefront of Fintech before Fintech had broken through After the break Chris Skinner interviews Lawrence Wintermeyer about Innovate Finance’s new Industry Sandbox Consultation. We discuss why a sandbox is important, who should be getting involved, where we currently are with the regulators. This is a great insight into where the industry is going next and how companies both big and small can make a difference. Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep249 – Poornima Vijayashanker & Lawrence Wintermeyer appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

David and Jason have the wind knocked out of them as they interview Gary Vaynerchuck for this very special Fintech Insider Interview. People hand me million dollar scopes and ask me for a selfie We discuss how staying plugged in and not being complacent is what keeps you ahead. Gary schools us on authenticity and how to earn the buy through giving everything you have for one ask. We learn about how Vaynermedia is getting ready to butt heads with BCG and McKinsey, and the source of why the biggest brands on earth are knocking on Gary’s door. There is a not a single client that does the work I want them to do… Period. Want more of Gary? Subscribe to our Youtube channel to see him in action. Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep248 – Gary Vaynerchuk appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Sarah Kocianski, Senior Research Analyst Fintech at Business Insider UK Kadhim Shubber, Reported at Financial Times News this week Recode – Apple is in talks to launch its own Venmo – Link Medium – The first real revolution in venture capital: crypto tokens – Link Coindesk – The United Nations Just Launched Its First Large-Scale Ethereum Test – Link Techcrunch – Spotify acquires blockchain startup Mediachain to solve music’s attribution problem –Link Techcrunch – PayPal launches a small biz toolset, ‘Business in a Box,’ with WooCommerce & Xero – Link FT – Bank of Mum and Dad is ninth-biggest lender with £6.5bn loans – Link Submitted by listener Quinn Dempsey on Twitter, American Banker – JPMorgan defection underscores tough blockchain choices – Link Neshoba Democrat – The Citizens Bank launching interactive tellers – Link FT – Investment in insurance tech start-ups drop sharply – Link Globes – Jes Staley sees technology as driving globalisation and changing banking, but says there’ll always be a Barclays. – Link Backchannel – The AI Cargo Cult – The myth of super hero AI – Link The post Ep247 – Making BOMAD a Thing appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Simon and David sit down with Richard and Maya to discuss the state of the Blockchain. We explore where we are with blockchain and ledger tech, blockchain awareness in the workplace and how we are moving from understanding the technology to applying it in real business situations. We dive deep on whether blockchain can be applied to KYC and whether maybe sometimes a centralised API might be a better idea than a decentralised blockchain. Guests Richard Crook, Head of Innovation Engineering at RBS Maya Zehavi, Vice President of Product at QED-it Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep246 – Finding Blockchain’s Feet appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Anna Irrera, Fintech Correspondent at Reuters James Lloyd, Asia-Pacific Fintech Leader at EY Ghela Boskovich News this week Engadget – Smart card Plastc goes under despite $9m in preorders, without shipping a single card – Link BBC – Mastercard reveals credit with fingerprint sensor – Link Business Insider – Allianz goes for Lemonade – Link Guardian F8 Roundup – Shark AR, Mind reading technology & group payments – Link Bank Innovation – 5 financial services bots launched at facebook-f8/ Link The Paypers – Alipay, Wechat Pay reach USD 2.9 trillion online payments in China – Link Finextra – Robinhood app rises $110 million series C at a $1.3bn valuation – Link Token.io raises $15.7m series A funding from Octopus, EQventures and OP Financial – Link Reuters – Banks scramble to fix old systems as ‘COBOL Cowboys’ ride into the sunset – Link Techbullion – Top 10 Fintech Influencers to follow on Twitter – Link The post Ep245 – Mandatory Listening appeared first on 11:FS. Special Guest: Ghela Boskovich. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Jeremy Burge joins us to discuss the wonderful world of Emoji. David and Jeremy discuss how emoji are taking over a large amount of communication. Jeremy explains what it means to be part of the Unicode consortium and how misinterpretation happens between companies. Did you know dinosaurs are coming to a phone near you? Find out which two made the cut. We also discuss how companies are using emoji to communicate better across social platforms and in their marketing. “No matter what you say, it jumps out a little bit more if there in an emoji in there.” Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep244 – Jeremy Burge, Chief Emoji Officer of Emojipedia appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode We dive into the interesting world of ethical hacking. Our first guest Jamie Woodruff takes us through his unique university entry, why your computers might not be the cause of your network’s security breach and how posing as a pizza delivery man helped him gain entry into a companies headquarters. Chris then interviews Sergey Pavlovich, a Russian ‘carder’ who made it big defrauding banks, and after a stint in prison, started working to defend against people like him. Sergey tells us about how he earned thousands from stolen credit cards and why working for the good guys works out better in the long run. Guests Jamie Woodruff, Technical Director at Metrix Cloud LTD Sergey Pavlovich, Author of How To Steal A Million Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep243 – Ethical Hacking with Jamie Woodruff and Sergey Pavlovich appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode We attend the Money and Mental Health Tech Sprint. With the help of new Fintech Insider host Dr Harriet Bedell-Pearce we explore new ways technology is being applied in Fintech products to foster better lives for those with mental health disorders. We hear about the projects built at the tech sprint to help control volatile spending habits caused by mental challenges, how red-tech can help provide regulators with the data they need to make a difference and how taking a personalised approach to mental well-being projects may the way forward for the industry. Guests Polly Mackenzie, Director, Money and Mental Health Jo Hill, Director, Market Intelligence, Data and Analysis at Financial Conduct Authority Beth Robotham, Head of Business Development, Bupa UK Marcus Thornley, Founder, Play Consulting Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep242 – Money and Mental Health appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Gerhard Coetzee is making a real difference in the world of financial inclusion. As Lead Financial Sector Specialist at CGAP, he leads the technical areas of customer and provider solutions that include customer centric business models, digital finance and smallholder families. Simon Taylor caught up with him to find out about the challenges he faces and why customer-centric design and partnerships are so central to his approach. “If you do not understand the customer, the poor person in their life, the challenges they have, the pain points they face, then it will be very difficult to provide a service that they will use.” “I believe strongly in living your life in such a way that when you leave something, it is better than the way you found it.” Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep241 – Gerhard Coetzee, Lead Financial Sector Specialist at CGAP appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode We’re at the 2017 Innovate Finance Global Summit, one of the most prestigious conferences for the financial technology industry. This annual event provides a platform that convenes the world’s global institutions together with startups, policy makers and investors to share ideas and solutions to the challenges facing financial services. Guests Lawrence Wintermeyer, CEO of Innovate Finance Nick Ogden, Executive Chairman of Clear Bank Richard Peers, Director of Financial Services Industry at Microsoft John Edge, Chairman of Identity 2020 Claire Calmejane, Director of Innovation at Lloyds Banking Group Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep240 – Innovate Finance – THE Global Summit of FinTech appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Alessandro Hatami started with road building in Africa as an engineer, on to direction setting at Lloyds and now he is helping traditional business find and engage with the right digital services partners at The Pacemakers. 11:FS CEO, and ex-colleague of Alessandro, David Brear sat down to find out more about helping large organisations be innovative, how partnering in FinTech is replacing the disruptive narrative and the impacts of Brexit on all of the above. Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep239 – Alessandro Hatami, Managing Partner at The Pacemakers appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode From dreams of running a five-star hotel to the reality of running a five-star bank, Ashok Vaswani, the CEO of Barclays UK, speaks with Simon Taylor about culture, digital transformation challenges and opportunities, frontline empowerment and how Simon might be able to buy a Lamborghini in the future. “We touch 24 million customers in the UK, so 63 million people, if you humour me, and say 15 million less than 15 years of age, that leaves 48, we touch one out of every two people in the UK. Now, that’s an awesome position to be in, right?“ “I’ve now started having dinners with CEOs of other businesses, other industries, corporate clients of ours, and saying, “Hey, you guys are big, big in your-,” you know, people like British Airways, AIG, GE, Day Lewis, all these big companies, and say, “You guys are struggling with the same thing, we’re struggling with the same thing, can we actually talk together and, you know, do stuff.”” Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep238 – Ashok Vaswani, CEO of Barclays UK appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Barclays takeover! Over the years, Barclays have pioneered tech in financial services, from the first UK bank to launch the ATM, to their award-winning app. We sit down with four excellent guests, including CEO Ashok Vaswani, to discuss the impact of PSD2; the challenges and opportunities that come with being a 357-year-old bank; how to attract fresh talent in a world filled with tempting FinTech startups; and more. Guests Ashok Vaswani, CEO Catherine McGrath, Managing Director of Transaction Products and Payments Ruchir Rodrigues, Managing Director of Digital & Open Banking Frankie Woodhead, Director of Commercial & Channels – Business Lending Highlights On PSD2 “I’m hugely excited about it. I think, as a customer, it’s going to present me with completely different opportunities about how to manage my finances, and, as Barclays, we are right in at the heart of that, and helping that happen. I want to be confident that I can recommend to my friends and family that they should feel comfortable to move their data around, so we need to make sure that we’ve got customer protection at the core, so I feel safe, which means I can get all those great competitive advantages.” – Catherine McGrath On omnichannel “Customers never think of, “I want to go to a channel,” or, “I want to go omnichannel.” They’re saying, “I want to be served by Barclays.” That’s how people look at it, and that’s exactly our view. So the question for us is, how do you solve a customer need? And what is the need you are trying to solve for? It’s not about which channel you want customers to come to, it’s about what do they want? Is it convenient?” – Ruchir Rodrigues On scale and risk taking ‘’I can count ten programmes where we’ve spent a lot of money on, and frankly they haven’t gone anywhere, right? Okay, we thought it was a great idea, we made a mistake, we drank a glass of water, it was over, we move to the next thing, right? I mean, the speed of change is so rapid that to think that everybody’s going to get everything right is foolhardy, right? So having the ability to actually do it, having a culture where everyone, as a team, we are committed, we are just absolutely committed to making this happen, so we’re putting our money where our mouth is. ‘ Ashok Vaswani On looking outside of banking “I think it’s as important to look at non-competitors, I saw WhatsApp launching p2p payments in India, Alibaba and what they’re doing […] in Asia and the APAC region, we have to not just look at banks. We have to look outside of industry and what’s going off, because that’s going to be more important, in my view, in the next five to ten years.” – Frankie Woodhead Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep237 – Barclays Takeover! appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Richard Morgans, Head of digital lab & fintech ecosystems at TSB Misha Jessel-Kenyon, Publishing Manager at Raconteur Ali Paterson, Editor in Chief at Fintech Finance News this week Reuters – Financial institutions risk 24 percent revenue loss from FinTech: PwC – Link Finextra – FCA vows to tackle fraud on lost and stolen contactless cards – Link The Asian Age – Hackers use ‘disappearing malware,’ steal $800,000 from ATMs – Link Quartz – Set up a VPN in 10 minutes for free – and yes, Americans urgently need one, thanks to Congress – Link The Next Web – Amazon Cash eliminates need for bank cards – Link Finextra – Visa and top UK banks get behind launch of Amazon Business – Link TechCrunch – WhatsApp will reportedly launch peer-to-peer payments in India within 6 months – Link PYMNTS – Moblie wallet adoption: whare are we 2.5 years in? – Link Computer – OCBC Bank uses AI-powered chatbot to answer home and renovation loan queries – Link The Register – Banking group denied access to iPhones’ NFC chips for alt.Apple.Pay – Link YouTube – Louis Cole – Bank Account Song – Link Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep236 – Hangover Deep appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Alipay dominates financial news. On FinTech Insider, we joke about creating a jingle for ‘Alipay does a thing.’ What’s really interesting to us about Alipay is the Ant Financial business model of ‘payments as a wedge product’ to drive other financial services. We talk to a lot of banks now that want to become marketplaces, having looked at Alibaba and Alipay as the model to copy. In this episode, Rita Liu, Head of Alipay Europe, Middle East, and Africa, talks to us about Alipay’s growth ambitions and why China is such an exciting region for FinTech and financial services. “We have been active in the global market for a while, all driven by our consumers’ needs,” Rita says. “Alipay is the most popular online payment option for Chinese buyers. So we have been distributing Alipay as a payment option for ecommerce players outside of China. “In China, mobile wallet has become an increasingly popular way to pay in the physical world, and that is driving us to do the same in the global market. We follow the Chinese tourists’ footprint in the world, to enable the merchants to be able to offer the same experience that our users can have in China while they travel. So that’s why we have started to develop merchant acceptance in the physical world, to accept Alipay.” Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. The post Ep235 – Alipay’s Rita Liu on Consumer Pain Points Driving Global Expansion appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode RegTech is sexy. No, really, it is! RegTech goes beyond developing new technology to meet regulatory requirements – and it does more than save banks money. It’s about automating manual tasks and upskilling humans so their new work makes them feel valued. It’s about helping customers get better advice and service. It’s about making sure the business doesn’t come crashing down when the person in charge of the spreadsheet moves on. In this episode of FinTech Insider, we’ve assembled an expert team to explain what RegTech is and how to take advantage of this opportunity – and imperative – to transform your business (you’ll also learn about Jason’s regulation chaos monkey idea ????). Guests Nick Cook, Head of Market Intelligence, Data, and Analysis at the Financial Conduct Authority Michelle Katics, Co-Founder and CEO, PortfolioQuest & BankersLab Diana Paredes, CEO & Co-founder at Suade Labs Evgeny Likhoded, Co-Founder and CEO at ClauseMatch Enjoying FinTech Insider? Tell a friend about us and please leave us a review on iTunes. Consider it a birthday present to us – 11:FS turns 1 today! ???? The post Ep234 – RegTech Chaos Monkey appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Paul Titterton, Managing Director at Barclays Kadhim Shubber, Reporter at the Financial Times News this week Crowdfund Insider – Lawrence Wintermeyer, CEO of Innovate Finance, says triggering of Article 50 puts FinTech at risk – Link Parliament – Time to act on ‘unacceptable’ level of UK financial exclusion – Link Economist – An earthquake in European banking – Link Gizmodo – 5 reasons why the Home Secretary’s proposed encryption ban is aggressively stupid – Link BBVA – BBVA joins Hyperledger, the top open-source blockchain community – Link LinkedIn – Making people a competitive advantage in a digital age – Link Venture Beat – Payments company Square launches in the U.K., its first European market and fifth globally – Link Barrons – Alibaba and Tencent and the coming FinTech Boom – Link 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. The post Ep233 – Article 50: Signing the Divorce Papers appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode What were you doing when you were 20 years old? Ollie Purdue was studying law…and founding a company to transform the banking experience. He didn’t want to be a lawyer, or a banker, but he did want to solve a problem facing many students: budgeting and forecasting how much money they’ll have and need every month. “At the time I was studying, I kept getting really frustrated with my bank account. It was just unable to tell me basic things about money, and that’s, kind of, what a bank’s meant to do, right?” Ollie says. “My bank wouldn’t tell me, when I got paid, how long that money will last. It wouldn’t tell me where I can cut down on my spending, and it wouldn’t tell me if my spending’s normal. So I was in a position where I never really understood my money, and I just didn’t get it, and then I tried budgeting apps and things like that, and they were really clunky…So it became really clear that a bank needed to be much smarter with data, and present that in a better way, and that’s kind of where it started.” Like FinTech Insider? Tell a friend about your favourite episode. And please leave us a review on iTunes – it helps people discover us. The post Ep232 – Loot CEO Ollie Purdue on Creating a New Banking Experience at Age 20 appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode A lot has been happening in the Singapore FinTech scene recently. The Monetary Authority of Singapore (MAS) is bound to invest more than $225 million Singapore dollars, or $158 million US dollars in FinTech by the end of 2020, and there’s a lot of hope that this can cut out costs from back office systems, and become truly transformational for the market and the region. In this episode, we take a step back, and, with help from FinTech experts in the field, paint a rich picture of what’s happening in Singapore today. Our guests Anna Vanessa Haotanto, CEO of The New Savvy; Business Development Director at Tera Capital Gerben Visser, Co-Founder of Singapore FinTech Consortium Joe Seunghyun Cho, CEO at LATTICE80; Co-founder and Chairman at Marvelstone Group Scott Bales, Managing Director at Innovation Labs Asia Varun Mittal, Associate Director, Asia-Pacific FinTech at EY Enjoying FinTech Insider? Please leave us a review on iTunes – this helps people discover us. The post Ep231 – Singapore FinTech – The Insider Scoop appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Finextra – Innovate Finance launches ambassador programme – Link City A.M. – House of Fraser owner Sanpower pulls investment in digital challenger bank Tandem – Link Bloomberg – Ant Financial said considering higher offer for MoneyGram – Link Business Insider – French officials are in London again wooing fintech and finance firms to Paris post-Brexit – Link Forbes – Digital disruption has arrived in FinTech – Link City A.M. FinTech startup and challenger bank Revolut’s launching an Amazon Prime-style subscription for banking – Link banking technology – Bank of England teams with Ripple for cross-border payments – Link Reuters – Goldman building robo-adviser to give investment advice to the masses – Link Bank Innovation – Watson tools are coming to FinTech developers – Link ZDNet – Westpac Keyboard launches through Facebook, Twitter – Link 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! The post Ep230 – A Proper FinTech Geek Moment appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Antony Jenkins, former CEO of Barclays, has spent 35 years working in large financial services institutions. He says that it struck him that, although there’s a lot of technology in banks, it doesn’t help much when it comes to improving the customer experience or lowering costs, and it hasn’t improved the reputation of banks within society. He founded 10x to create a new banking experience — one that is more diverse, open, and fair. In this episode, he talks to us about his new company, the future of banking, and the transition from running one of the biggest banks in the world to founding a startup. “When I left Barclays, I began to look at what was happening, not only in the FinTech scene, but also with the underlying technologies. I became convinced that there was an opportunity to create the beginnings of a very different way of doing banking,” Antony says. “We set up 10x to deliver the capability to do that. It’s basically a full set of capabilities that a bank would need to operate. I like to think of it as providing better functionality than a neobank at lower cost than a big bank, and in a much more transparent way. That’s what we’re building at 10x.” If you enjoy FinTech Insider, please recommend us to a friend and leave us a review on iTunes. This brings joy to our hearts, and also helps people discover us. The post Ep229 – 10x CEO Antony Jenkins on Startup Life and the Future of Banking appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode We’ve brought together some of our favourite folks from the world of FinTech challenger banks. In this episode, we talk to Starling, Fidor, and Loot about their business models, who their customers are, and how they’re using technology and data to provide a great customer experience. We also discuss the challenges they’re facing, what agile really means, and what’s coming up for them in 2017. Enjoy the show! Our guests Megan Caywood, the Chief Platform Officer at Starling Bank Sophie Guibaud, the Vice President of European Expansion at Fidor Ollie Purdue, Founder and CEO at Loot “We like to spend a lot of time talking with our customers,” Megan says, “not just usability sessions, but chatting with them and understanding how they’re currently using their banking products and where those pain points are. What we hear time and again is that what they’re used to expecting – seamlessness and ease of use from other apps and products – just isn’t what they see from their bank.” Learned something cool on today’s podcast? It would make our week if you told a friend about us and gave us a little shout out on iTunes. Thank you! The post Ep228 – Challenger Banks: The Battle Begins appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Forbes – Meet The European banks of the future…you might even like them – Link Business Insider – German FinTech startup solarisBank raises €26.3 million and lands Deutsche Bank exec as CEO – Link Pymnts – Penta launches to help SMEs cherry-pick banking services – Link Mastercard – Prepaid card programmes in France (no link) Independent – Banks are getting bigger, not smaller. Clearly they learnt nothing from the 2008 financial crisis – Link FT – Lloyds to transfer 1,900 staff to IBM in IT outsourcing deal – Link City A.M. – Digital challenger Starling Bank is launching in beta – Link 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. The post Ep227 – Tantric Blockchain and Other FinTech Fun appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode The Financial Conduct Authority’s progressive regulatory policies have been credited with helping to make London one of the world’s finest FinTech centres. In episode 126 of FinTech Insider, we spoke with several participants of the FCA’s regulatory sandbox, created as a ‘safe space’ for startups and companies to test ideas before becoming fully regulated. In this episode, we interview FCA Policy Director David Geale on the thought behind the sandbox, and more. Enjoy the show! “The sandbox is there for firms who really need to test in a live environment,” David says. “The example I often give is around disclosure. If I actually present something to you and say, ‘This is the current disclosure, here’s a new version, which one of these do you prefer? Which one of these do you understand?’ well, to a degree, that’s cheating. It’s better than nothing in terms of testing, but you’ve cheated, because you’ve got people to read it in the first place, and that’s generally the core challenge, is getting people to engage, getting people to read. So if you can test that in a live environment, and say, ‘Okay, we know what you would have had, now what’s the difference in actual behaviour with this new form,’ or new style, maybe digital disclosure, for example, you can actually really see the impact of the results.” Enjoy the show! If you like what you hear, subscribe, review us on iTunes, and follow us on Facebook and Twitter. You can always email us at [email protected]. The post Ep226 – FCA Policy Director David Geale on the Thought Behind the Regulatory Sandbox appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Technology is failing banking. Bankers know what a great customer experience should look like, but they’re often prevented from delivering on that due to ancient legacy systems. And as long as they operate in a cobbled environment with 1,000 subsystems, they will never have a truly digital bank. Meaning they can’t compete with the banks that will win in the future. But don’t despair. Our guests discuss the steps to take to create a state-of-the-art core banking system that can deliver next-gen solutions. Our guests Mark Warrick, Director of Creative & Design at Thought Machine Ben Robinson, Chief Strategy Officer at Temenos Conor Fennelly, CEO at Leveris “The nature of this problem is systemic, it’s not symptomatic,” Conor says. “Banks are not afraid to invest in their technology. In fact, they invest massively in technology. The real issue is that it’s not effective spend, and the real problem facing most CEOs or boardrooms in banks is the risk associated with making the move. “Banks are not monolithic systems, they’re made up of hundreds of subsystems. If you want to make a change in those subsystems, you’ve got to regress your testing through the entire environment. That’s the reason why 80% of your cost is in running the bank, and only 20% can be in change. In fact, it’s probably more exaggerated than that. If you want to make a change, you’ve got to build an architecturally superior system.” Enjoying FinTech Insider? Tell a friend about us. And please leave us a review on iTunes. You’ve been meaning to for awhile. Today is the day! The post Ep225 – Rotten to the Core Banking appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 City A.M. – More than half a dozen fintech firms hit by outage – Link Coindesk – Dubai Claims title of world capital of blockchain and DLT link Coin Desk – Texas lawmaker proposes constitutional right to own bitcoin – Link Business Insider – The US government is defending its FinTech charter – Link Reuters – Canadian regulator says open data essential to fintech – Link FT – China overtakes eurozone as world’s biggest bank system – Link Forbes – The effect of travel bans on FinTech – Link Wired – UK banks fund £5m FinTech prize to build apps for small businesses – Link Entrepreneur – How FinTech and payments innovations will disrupt global ecommerce – Link Reuters – On Women’s Day eve, statue of girl stares down Wall Street bull – Link 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. The post Ep224 – Taking the Bull by the Horns appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode As CEO of WeChat Africa, Brett Loubser’s role is to leverage the WeChat platform to the greatest extent possible in Africa. However, the market conditions in this continent are completely different from China. A focus on a chat app didn’t make sense for Africa, given the significant competitor products. Instead, Brett and his team focused on ‘the absolute power of the platform.’ In this episode of FinTech Insider, Brett shares great examples of how working with partner companies has proven to be such a great business model. “Our first major push into showcasing the power and potential of WeChat as a platform was the launch of Cliff Central,” Brett says. “We worked with a very bright young chap by the name of Gareth Cliff, who is one of the biggest media personalities in South Africa. At the time, he was the most popular radio DJ on the biggest free-to-air radio station in the country. He was looking to launch something of his own, and so we launched a digital radio station along with him on our platform. And that worked incredibly well because, not only was there the obvious benefit of partnering up with somebody who had a huge personal brand in South Africa, but also the benefits of showcasing digital radio being delivered on a chat platform was stopping people in their tracks.” Enjoy FinTech Insider? You’d make our week by telling a friend about us and leaving us a review on iTunes. The post Ep223 – WeChat Africa CEO Brett Loubser on the Power of the Platform appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode FinTech isn’t disrupting the financial industry in Africa – it’s building it across the continent. And because it’s being building without much legacy, by default it’s digital as a platform. In this episode of FinTech Insider Insights, we’ll shine a light on some great FinTech stories coming out of Africa, including approaches and ideas that incumbent institutions will find incredibly useful. Our guests Gerhard Coetzee, Lead Financial Sector Specialist at CGAP Lesley-Ann Vaughan, M-PESA Co-Creator Ron Webb, Director of Financial Services at Safaricom Brett Loubser, CEO at WeChat Africa “I’m extremely excited by how we’re going to see an increasing daily relevance of payments in people’s lives,” Ron says. “P2P transactions have been hugely important, and have been the bedrock of what M-PESA became. But you only send money P2P to your relatives, or people that you’re supporting, on a periodic basis. But you do merchant payments every single day – and many of them – and the increasing use of e-value in those day-to-day payments will increase daily relevance and create even more opportunity.” 11:FS blog posts mentioned in this podcast Banking APIs Aren’t about Tech or Banking 11 Banks and FinTechs Doing APIs Better Than You Did you learn something from this podcast? If so, please share the knowledge and tell a friend about FinTech Insider and leave us a review on iTunes. Thank you! The post Ep222 – FinTech Out of Africa appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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! The post Ep221 – Orange is the New Bank appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Blythe Masters spent 27 years at JP Morgan in a variety of roles, including running the global commodities business, working in structured credit and fixed income markets, and serving as CFO of JP Morgan’s global investment bank. After leaving in 2014, she planned on taking a year off, but then blockchain caught her eye and she joined Digital Asset, where she’s CEO. In this interview, Blythe describes their technology as blockchain-inspired, explains what this means, and shares what Digital Asset is working on. “This is a once in a generation opportunity to fundamentally change the way the financial market infrastructure works,” Blythe says, “and that is for the greater good of everybody.” Like this episode? Please tell a friend about FinTech Insider, and leave us a review on iTunes. This helps people discover us. The post Ep220 – Blythe Masters on Blockchain’s Once in a Generation Opportunity appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. The post Ep219 – CIO Special: How to Change Your Culture appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. The post Ep218 – Robots Have Feelings, Too appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode We talk to James Lloyd about the incredible FinTech innovation and uptake happening not only in China, but across Asia. James is the Asia-Pacific FinTech Leader at EY, and our point of reference for most of the phenomenal stats coming out of the region. Did you know that during Chinese New Year – which is only 6 days – 46 billion transactions happened on WeChat alone? That’s 46 billion “red packets” – the money you send as gifts. 46 billion! “In London, getting access to a bank account or a credit card or a basic investment or savings product is relatively straightforward,” James says. “In China, traditionally the banks have focused on supporting corporates and state-owned enterprises. So there has been this unmet need, this market gap, that the big technology players have really moved pretty aggressively to fill.” If you enjoyed this episode, please share the love and tell a friend about FinTech Insider, and leave us a review on iTunes—this helps people find us. The post Ep217 – EY’s James Lloyd: China’s Not Just Mobile First – Often It’s Mobile Only appeared first on 11FS. The post Ep217 – EY’s James Lloyd: China’s Not Just Mobile First – Often It’s Mobile Only appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

Our mantra is digital banking is only 1% finished, and people usually react in two ways to this. Either they believe banking has got miles to go when it comes to tech advancements, or they think digital is merely a way to distribute analogue products. At 11:FS, we believe we’ve got 99% to go, and we’re really excited about the future of banking. But how do we get there? At a recent event in Oulu, Finland, 11:FS CEO David Brear shared the first 5 steps to transform your bank. Watch the video. The post Ep216 – The First 5 Steps to Transform Your Bank appeared first on 11FS. The post Ep216 – The First 5 Steps to Transform Your Bank appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Business Insider – Innovative app-only banks are doing something old fashioned — lending money – Link The Telegraph – Co-op Bank puts itself up for sale as it braces for another ‘significant’ loss – Link Level39 – L39 API member TrueLayer comes out of stealth; secures $1.3m funding – Nikkei Asian Review – Japanese megabanks raise bets on fintech – Link Finextra – BBVA seeks new model for low interest rate banking – Link Telegraph – Pay as you speak: Santander revamps voice banking app – Link Banking Technology – Amazon looking to buy Capital One? – Link Finextra – Australian banks fight back over Apple Pay ‘fantasy’ claims – Link International Business Times – Apple, Facebook and Amazon primed for PSD2 demolition of the card networks – Link Forbes – 3 Steps Fintech Companies Need To Take In Order To Survive – Link 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. The post Ep215 – Cookies, Funny Money & What if Amazon Buys Capital One? appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode When most banks are bribing people to join with £100 or a Rihanna CD, Monzo is doing the opposite: building a bank customers love, involving them in its development, and being so amazing the network blows up like Facebook. Monzo, the bank that broke Crowdcube, now has more than 100,000 customers. Next milestone: 1 million. Here’s how they’ll do it. “We’re trying to build the first bank with real network effect. Skype is a great example. The more people you bring onto Skype, the more people you can call,” Tom says. “How did Instagram or Snapchat or Facebook grow? It wasn’t marketing. It was an amazing product with true network effect. We’re trying to learn those lessons. 85 or 90% of our new signups come through referral.” Loving this podcast? Don’t keep it to yourself, tell a friend about FinTech Insider and help us create our own network effect. And while you have five minutes, go on and leave us a review on iTunes. You’ve been meaning to for a while – today’s the day The post Ep214 – Monzo: The First Truly Digital Bank appeared first on 11FS. The post Ep214 – Monzo: The First Truly Digital Bank appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Innovation isn’t having an app – it’s having a new business model. Yet for banks, business models are one of the hardest things to innovate around. We discuss what’s broken with traditional bank business models, and how to create new ones, with two people who know best: Tom Blomfield, CEO of Monzo, and Dora Ziambra, Head of Business Development at Azimo. “For me, and many people in the industry, being a marketplace bank is the future,” Tom says. “It’s a customer interface that acts as a platform for all of your financial problems. So a single interface that gives you access to the Azimos and the Funding Circles and the Transferwises, with a delightful, one-click user experience, but still giving you the benefits of that choice and that customer service. So, sort of, looser recoupling around APIs.” If you liked this interview, please review us on iTunes. To learn more about the team that brings you FinTech Insider, visit 11fs.co.uk. Listener offer: for a 30% discount on Innovate Finance Global Summit tickets, register using the discount code FinTechInsider. The event will be held April 10-11 in London. The post Ep213 – Bank Business Models: The Last Bastion of Innovation appeared first on 11FS. The post Ep213 – Bank Business Models: The Last Bastion of Innovation appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Tech City News – Investment in UK FinTech startups ‘drops by 33.7% in 2016′ – Link 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. Coin Telegraph – Switzerland Set to Ease Finance Regulations, Support Blockchain Innovation – Link Reuters – WeChat Users Send 46 billion digital red packets over Lunar New Year – Link technode – How Chinese Mobile Payments are Quietly Conquering the World – Link Forbes – 3 Reasons Fintech Is Failing – Link Wall Street Journal – Fintech Startups Want to Save One Key Page of Dodd-Frank – Link Business Insider – 19 Laptops Containing Customer Information Have Been Stolen from FinTech Company GoCardless – Link efinancial careers – Five Crazy Start-Up Ideas in FinTech now – Link 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. The post Ep212 – News: Is FinTech Failing? Dodd-Frank. And Everything Goes Back to Cannabis. appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Serial tech entrepreneur Steve Kirsch (@stkirsch) has founded seven companies and earned a name for himself as the inventor of the optical mouse. Today he’s CEO of Token, a global open API banking platform. Steve says that, historically, banks have operated on limited hours. Central banks have similar systems to be compatible, which has led to architectures that are nowhere near as complex as doing real-time systems. But then internet came along and changed people’s expectations. “Now banks sort of have to be open 24/7, and yet the underlying systems haven’t caught up with that,” Steve says. “And so the challenge is to create technology that can layer on top of the existing banking system that would enable people to have the level of service that they expect, and yet not disrupt things below the decks. It’s almost like putting a modern façade on top of an old cruise ship. That’s essentially what we’ve done. [If] we need more engine power, we call down through certain interfaces and say, ‘Can you do this service for us?’ and they say, ‘Yes, the answer is this.’ But as far as everybody on the top deck is concerned, it looks like they’re on a totally modern cruise ship.” If you enjoy this interview, please leave us a review on iTunes. To find out more about the team behind FinTech Insider, visit 11fs.co.uk The post Ep211 – Token CEO Steve Kirsch appeared first on 11FS. The post Ep211 – Token CEO Steve Kirsch appeared first on 11:FS. Learn more about your ad choices. Visit megaphone.fm/adchoices