Fintech Insider Podcast by 11:FS

Latest Episodes:

Ep. 197. News: Clickbait Apr 02, 2018

Show notes

Laura and David take a look at the last week’s biggest stories, alongside Jeff Tijssen, Monzo’s Leah Templeman and Bud’s Ed Masleveckas.

Kicking off with a few announcements from some big banks - Deutsche Bank claims the bank account could be a thing of the past in less than 20 years time, which sounds contravertial but in the same speech it appears he’s only just realised banking is ready for disruption. In a similar vein, Citigroup annouce their big banking comeback… with a mobile app.

Moving onto the UK banking and fintech scene, TSB have announced the arrival of their marketplace - making them the first of the high street banks to offer such a thing. Ross Gallagher caught up with TSB’s Commercial Director, Richard Davies to find out more.

Next up, Leah talks us through Monzo’s integration of Yolt and also helps us dissect Monzo’s diversity report - David is most impressed with their “sexy” graphs.

We also talk about Revolut’s virtual disposable cards - and the sheer rate at which Revolut are rolling out new products and services. Laura caught up with Vlad Yatsenko, Revolut’s CTO to find out more about the use case behind the virtual cards and how it helps prevent card fraud in ecommerce.

The second half kicks off with two international money transfer stories as Santander team up with Ripple to speed up cross border payments to under 24hours - but they might have been pipped to the post by new BBVA-backed start up, Denizen who claims it has created a “global banking platform” that allows customers to receive money in one country and pay it out in another immediately, avoiding international transfer fees and eliminating currency exchange fees.

Rounding out the show with millennials, coffee and cake as Amex acquire UK fintech Cake while Square is encouraging millennials to buy more coffee with their Square Cash cards for discounts… and the chatbot Plum is offering more ethical investment services to its mainly millennial user base.

And finally a man beats up a cash machine in Australia and the footage makes the Daily Mail!

We hope you enjoyed the show and had an eggs-cellent Easter weekend! Don’t forget to subscribe so you never miss an episode, and if you really love the show please leave us a review on iTunes.
Let us know your thoughts @FintechInsiders and join the discussion by signing up at Fintech Insider News.

Special Guests: Ed Maslaveckas, Jeff Tijssen, Leah Templeman, Richard Davies, and Vlad Yatsenko.

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Ep. 196. Insights: Wealth Tech 2018 Mar 30, 2018

Show notes

Simon has an insightful interview with Blackrock and iShares' Stephen Cohen on the future of wealth finance and tech.

We also have a roundtable panel going through the latest jargon, demystifying the ARs from the VRs and explaining why the two are so often confused. Troubles with AI and machine learning and how they apply to the industry? Another two things that sound so similar, those at the cutting edge will take you through it step by step.

Fintech is a fast paced world with constantly evolving buzzwords and acronyms. It’s forgivable to let a few things slide, our guests use real world examples to show you how important these new techs are and how they can improve your business.

Our roundtable brings you:

Rebecca Skiles, Managing Director, Accenture Digital,
Olivia Vinden - Tech/Blockchain specialist for Asset and Wealth Management, Alpha
Nick Burns, Chairman, EngageWorks

And to cap things off we have another interview, this time with Eileen Burbidge, Partner at Passional Capital, on the major trends of the moment and where wealth sits within that.

All this and more in this week's show!
Don't forget to subscribe so you never miss an episode and if you want to show us some love leave a review on iTunes!
Let us know your thoughts @FintechInsiders and join the discussion by signing up at Fintech Insider News.

Special Guests: Eileen Burbidge, Nick Burns, Olivia Vinden, Rebecca Skiles, and Stephen Cohen.

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Ep. 195. Interviews, IFGS 2018: Alipay, Onfido, InvestHK and More Mar 28, 2018

Show notes

In a series of one to one interviews from Innovate Finance Global Summit 2018, Ross Gallagher and Simon Taylor explore the ins and outs of some great fintechs with some exciting movements in the UK, Hong Kong, China, and the EMEA. Including:

Benedetta Arese Lucini, Co-founder, Oval Money
Charles d’Haussy, Head of Fintech, InvestHK
Thomas Eyre, CEO and Co-founder LOQBOX
Li Wang, Head of EMEA, Alipay
James Mackonochie, COO and Co-founder, Pia
Marieke Flament, Managing Director for Europe, Circle
Sophie Winwood, Head of Partnerships, Innovate Finance
Stephen Ingledew, CEO, Fintech Scotland
Husayn Kassai, CEO and Co-founder, Onfido

These fintech superstars give us the scoop on where they’ve been, what they’re doing, and where they’re going over the next year.

We hope you enjoy the show!
Don't forget to subscribe so you never miss an episode and if you really love us please leave us a review on iTunes!
Let us know your thoughts @FintechInsiders or email podcasts@11fs.com.

Special Guests: Benedetta Arese Lucini, Charles d'Haussy, Husayn Kassai, James Mackonochie, Li Wang, Marieke Flament, Sophie Winwood, Stephen Ingledew, and Tom Eyre.

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Ep. 194. News: Peter the Leopard Mar 26, 2018

Show notes

Rainmaking Colab MD Helene Panzarino, journalist/guru Monty Munford and 11FS’ own Ryan Garner speak with Ross and Simon to go through this week’s top stories in UK fintech and banking around the world.

We head up the show with a bevy of Fintech stories, starting off with Philip Hammond’s strategy announced at the International Fintech Conference, covering robo-regulations, a new fintech taskforce led by the Treasury, and fintech bridges.

We move on to the rest of the week’s fintech news, including Tide’s claim that they’re the fastest business loan service in the world. Pockit Loqbox has a mission to help the UK’s unbanked improve their credit score, Oak North breaks new ground by becoming the first UK fintech to report an annual profit, and we’ve got an illuminating interview with Valentina Kristensen, Director of Growth and Communications at Oak North.

Yolt connect to 6 major banks...or is that 4?
N26 expand across the pond and Monzo have reached a landmark number of customers.

In the second half of the show we delve into Virgin Money and Standard Life’s new deal on asset management, Michael Sheen’s transformation into a fintech vigilante, and why Whatsapp is shifting to payment services in India.

Uber pulls its driverless car scheme following a fatal crash in Arizona, the second accident the company’s had with its driverless cars. Religious updates in the fintech sector with the Church of England now taking contactless payments alongside the collection plate powered by iZettle and SumUp.

Finally, Rooster Money has partnered with JustGiving to make it easier for children to donate money to a charity of their choice.

All this and more in this week's news show!
We hope you enjoy the show!
Don't forget to subscribe so you never miss an episode and if you really love us please leave us a review on iTunes!
Let us know your thoughts @FintechInsiders and join the discussion by signing up at Fintech Insider News.

Special Guests: Helene Panzarino , Monty Munford, Ryan Garner, and Valentina Kristensen.

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Ep. 193. Interview: Chris Skinner, Author - Digital Human Mar 23, 2018

Show notes

Chris Skinner has a blog many of you are sure to know at www.thefinanser.com, it’s packed full of great insights into the financial world. He’s also 11FS’ very own advisor to special projects.

Chris is Chair of the European networking forum: the Financial Services Club. He is on the Advisory Boards of many companies including Innovate Finance, Moven and Meniga.

The big topic of his upcoming new book is Humanity’s Fourth Revolution and the next generation of finance. How it’s happening right now and soon 4.5 billion more people will be able to access banking services.

Digital Humans exist on a Connected Planet, they discuss how those who pay the most to move money often have the least and how this is changing through connectivity.

Star Wars vs Star Trek. In an unusual turn for Fintech Insider Chris and David discuss which one's more likely in the future, with a financial twist of course.

What are Western companies missing out on and what can they learn from the East and the developing world on financial inclusion and accessibility?

They take a close look at Ant Financial, their leap forward to fifth generation architecture and why regenerating every few years works.

Are Fintechs just making faster horses? Does it work and should companies be creating something new?

Special Guest: Chris Skinner.

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Ep. 192. News: Everyone and their grandmother is buying into it Mar 19, 2018

Show notes

Cruxy&Co's Alexandra Cheung and Capco's Charlie Wood joined David, Jason and Ross to go through this week's top stories in UK fintech and banking and around the world.

We kick off with a slew of UK fintech stories, including Starling's launch of cross border payments, and also highlighting their research into "everyday sexism" into financial services marketing which was picked up by the mainstream media. Are we blind to everyday sexism? David says yes, Alexandra says no.
We move on to a report by the inimitable Sarah Kocianski on the state of neo banks and how fintechs might have to try harder than before to keep their customers happy. Next up they discuss HSBC's proposed app to take advantage of Open Banking, and Tandem's purchase of Pariti.

In the second half of the show we talk tech giants, as Google claim they want to be bank's friends not their rivals .- but do our panel believe them? - Google ban of crypto ads, Square's monumental share increase possibly as a result of embracing bitcoin, Amazon's e-commerce debit in Mexico to encourage shoppers without debit cards to use their services and Tim Berners-Lee's condemnation of the tech giants as exploiting people's data.

And finally - in an incredible marketing move, Standard Chartered hires Ivory Coast mega star Didier Drogba as their first customer for their Ivory Coast online bank.

Special Guests: Alexandra Cheung and Charlie Wood.

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Ep.191. Interview: Aneesh Varma, CEO - Aire Mar 16, 2018

Show notes

Aneesh founded Aire in January 2014, inspired by his inability to access credit as a migrant in London. Aneesh has a background in risk (Morgan Stanley), analytics (Credit Suisse) and M&A (J.P. Morgan). In 2008, Aneesh founded FabriQate, a mobile customer experience engine helping clients to predict user behaviour.

Aire are researching and building a new credit algorithm that helps customers to access an alternative credit score. The app tackles financial inclusion by aiming to provide credit access for customers who are unable to build a credit score. Simon asked Aneesh how their credit model uses alternative data and what their sources are.

They also discussed their ambitious long term strategy - to change the way we look at credit and ensure everyone has appropriate access to credit - but how do they go about achieving such a huge aim? Aneesh also talks us through some of their research projects and collaborations.

The big topic is also financial inclusion and Aneesh tells us why that's so close to his heart and what other social issues technology will affect in the coming months and years.

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Ep. 190. News: Imagine if the Kardashians could code Mar 12, 2018

Show notes

Kicking off with the biggest news, we talked about the gender pay gap, who has 'fessed up and who hasn't, why the disparity in earnings is no great surprise, and what can be done to improve diversity in all its forms across the industry.

We also discuss why women are put off tech careers before they even leave school (and why Reddit isn't the most scientific way to collect data), why female tech role models are desperately needed, why enthusiasm for app-only banks is on the wane, Monzo's marketplace launch in beta, and what Atom will do with their latest round of funding.

Next up are the two biggest Amazon stories of the week - their proposed plans for a checking account product with either JPMorgan or CapitalOne and Jeff Bezos' refusal to lose India, having conceded China to Alibaba. We also have a mini section on corporate social responsibility as Nuns (and other trading bodies) call out unethical practices at WellsFargo, and Kabbage take a strong stand in the light of the tragiv Parkland shootings.

And finally, in the sillier part of the show we take a look at Xinja's glow in the dark payment cards, and Donorfy's GDFR playlist - is it (in REM's words) The End of the World As We Know It?

Special Guests: Caroline Plumb, Laurel Wolfe, Sarah Kocianski, and Veronique Constans.

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Ep. 189. Insights: Women in Fintech Mar 09, 2018

Show notes

First up, Laura talked to Rachel Kent about her background and how she's got the position she's in. How has she overcome any restricting factors in a typically male dominated industry? Why is it so important to highlight the contributions for women in this industry? What's the future for women in this industry?

Next up, Wendy Jephson joins to talk through what makes Sybenetix so special and why she decided to create this company. What gap did she look to fill in the market? We also talked through Wendy's past, particularly her background in law and psychology, more specifically how this breadth has helped her in this industry.

Sophie Bialaszewski was next to give the lowdown on her career! We talk through how she broke into finance and how people actually innovate. How hard is it to instil a culture which promotes innovation?

Min Teo was next up to reveal all to Laura, going through the ins and outs of the fascinating business that is 'Yo-yo wallet'. What's the future like for women in Fintech?

Last but not least, Adizah Tejani talks through her background and how she got involved with Token. What does the future of Fintech look like and how did you market Token?

We hope you enjoy the show and don't forget to leave us a review on iTunes!
Let us know your thoughts @FintechInsiders and join the discussion by signing up at Fintech Insider News.

Special Guests: Adizah Tejani, Min Teo, Rachel Kent, Sophie Bialaszewski, and Wendy Jephson.

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Ep.188. News: Pump that Money Mar 05, 2018

Show notes

With Ross Gallagher in the host's seat for the very first time, he led co-host Simon Taylor, Nina Mohanty, Doug Bobenhouse and Valentina Kristensen to take a look at the week's top stories.

We kicked off with news that research from Cedr and Trustpilot discovered a way for open banking to pump £1bn into the UK economy. This is obviously great news but is dependent on customers fully adopting the opportunities Open Banking offers and begin sharing their data.

The next three stories surround digital banking and new propositions as Lloyds announce plans for a £3bn digital transformation of their services over 3 years (not so long after their last 3 year transformation plan). Hot on their heels is Virgin Money's less pricey but not insignificant £38.3 million investment in a digital bank, which is disparaged by our team as being "just an app" (so far) and "putting lipstick on a pig". Finally there's easyJet CEO launching easyMoney, but kicking off with just an ISA, as the first of several products. Again the team is not impressed, and thinks they could've tried harder.

Next up we discuss New York's commitment to fighting cyber crime and the shocking news that previously cyber crime crackdowns had only been voluntary and on a state by state basis, only now the US is cracking down but not, as lamented by Nina, at a federal level.

The team also discuss Square continuing to support bitcoin, N26 continuing to grow exponentially, GoHenry teaching kids how to earn and save, contactless cards embedded in coats for the homeless in Amsterdam, and 50 Cent's insistence that he never owned any bitcoin - despite previously claiming to have earned $8million in bitcoin for the sale of his last album - our team have 21 Questions for him on this one.

We hope you enjoy the show and don't forget to leave us a review on iTunes!
Let us know your thoughts @FintechInsiders and join the discussion by signing up at Fintech Insider News.

Special Guests: Doug Bobenhouse, Nina Mohanty, and Valentina Kristensen.

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