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Fintech Insider by 11:FS

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Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things fintech, banking, technology and financial services. Hosted by a rotation of 11:FS experts including David Brear, Simon Taylor, Jason Bates, Leda Glyptis and Sarah Kocianski and joined weekly by a range of fantastic guests, they discuss the latest news, developments, and trends within the industry. On Fintech Insider Insights, they speak to subject matter experts for deep dives on APIs, AI, digital banking, and all other areas disrupting our industry. Fintech Insider Interviews brings you one-on-one interviews with the thought leaders and innovators transforming financial services.Whether you're a fintech expert or you're just keen to know more, then this is the podcast for you!

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Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things fintech, banking, technology and financial services. Hosted by a rotation of 11:FS experts including David Brear, Simon Taylor, Jason Bates, Leda Glyptis and Sarah Kocianski and joined weekly by a range of fantastic guests, they discuss the latest news, developments, and trends within the industry. On Fintech Insider Insights, they speak to subject matter experts for deep dives on APIs, AI, digital banking, and all other areas disrupting our industry. Fintech Insider Interviews brings you one-on-one interviews with the thought leaders and innovators transforming financial services.Whether you're a fintech expert or you're just keen to know more, then this is the podcast for you!

iTunes Ratings

190 Ratings
Average Ratings
179
4
3
1
3

Very knowlegeble

By Erwin McGlade - Jun 15 2017
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Keep up the amazing work! I got introduced to this podcast, now I’m hooked!

Great Podcast!!!

By Lacey Davis - Jun 14 2017
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Excellent quality podcast, Informative and entertaining. Thank you.

iTunes Ratings

190 Ratings
Average Ratings
179
4
3
1
3

Very knowlegeble

By Erwin McGlade - Jun 15 2017
Read more
Keep up the amazing work! I got introduced to this podcast, now I’m hooked!

Great Podcast!!!

By Lacey Davis - Jun 14 2017
Read more
Excellent quality podcast, Informative and entertaining. Thank you.
Cover image of Fintech Insider by 11:FS

Fintech Insider by 11:FS

Updated 3 days ago

Read more

Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things fintech, banking, technology and financial services. Hosted by a rotation of 11:FS experts including David Brear, Simon Taylor, Jason Bates, Leda Glyptis and Sarah Kocianski and joined weekly by a range of fantastic guests, they discuss the latest news, developments, and trends within the industry. On Fintech Insider Insights, they speak to subject matter experts for deep dives on APIs, AI, digital banking, and all other areas disrupting our industry. Fintech Insider Interviews brings you one-on-one interviews with the thought leaders and innovators transforming financial services.Whether you're a fintech expert or you're just keen to know more, then this is the podcast for you!

Rank #1: Ep109 – The Secret to UK FinTech Success

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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

The post Ep109 – The Secret to UK FinTech Success appeared first on 11FS.

The post Ep109 – The Secret to UK FinTech Success appeared first on 11:FS.

Sep 10 2016
1 hour 2 mins
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Rank #2: Ep110 – Will AI change the world of Banking?

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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

The post Ep110 – Will AI change the world of Banking? appeared first on 11FS.

The post Ep110 – Will AI change the world of Banking? appeared first on 11:FS.

Sep 20 2016
1 hour 53 mins
Play

Rank #3: Ep. 283. Bonus: Blooper Reel 2018

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Happy New Year's Eve to all of our listeners. To give you one last fintech laugh before the end of the year we've got a quick collection of the stumbles, fumbles and absurdly mispronounced names from all the recordings this year. The stuff that doesn't usually make it in.

We hope you have a great celebration tonight and can't wait to see you for even more fintech goodness in the new year!

Produced by Laura Watkins. Edited by Alex Woodhouse.

Dec 31 2018
3 mins
Play

Rank #4: Ep250 – If You Liked It, Then You Should’ve Put A Blockchain On It

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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

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.

May 15 2017
1 hour 12 mins
Play

Rank #5: Ep134 – FinTech Predictions for 2017

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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.

The post Ep134 – FinTech Predictions for 2017 appeared first on 11FS.

The post Ep134 – FinTech Predictions for 2017 appeared first on 11:FS.

Dec 30 2016
13 mins
Play

Rank #6: Ep114 – Yipi-API-yay: open platforms, marketplaces and next-gen banking

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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

The post Ep114 – Yipi-API-yay: open platforms, marketplaces and next-gen banking. appeared first on 11FS.

The post Ep114 – Yipi-API-yay: open platforms, marketplaces and next-gen banking appeared first on 11:FS.

Oct 19 2016
9 mins
Play

Rank #7: 330. Interviews: Patrick Collison, CEO of Stripe

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We start off the episode start by discussing Stripes global success. With the amount of payment companies out there, how have they reached such a success? We take the story so far back as to when the company was called /Dev/Payments! How do you create a successful company? Could it be as easy as listening to your customers and do what they want?

David brings up one of Patricks quotes, If people don't think what you are doing is a little bit strange, maybe it's not strange enough. How do you find a strange enough strategy? Is being strange a way of moving away from a mimetic-heard dynamic in an industry where new innovations are key? How do you come up with a good idea and make sure it is different than what everyone else is working on?

Patrick also shares what's next for Stripe and why one could argue that we are no longer in ponds, but in a connected ocean.

All this and so much more on today's show.

Don't forget to subscribe so you never miss an episode, leave a review on iTunes and let us know your thoughts on the stories @FintechInsiders on Twitter where you can also ask the hosts questions, or email podcasts@11fs.com

This week's episode was produced by Laura Watkins and edited by Alex Woodhouse.

Special Guest: Patrick Collison.

Jun 14 2019
21 mins
Play

Rank #8: 351. News: Keep calm and carry on investing

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Our expert hosts, David Brear and Will White, are joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week. This week's guests include:

  • Emily Nicolle, Technology Editor at CityAM
  • Marko Wenthin, CEO at Penta
  • Olivia Vinden, Director at Alpha FMC

We cover the following stories from the fintech and financial services space:

  • Apple Card Launches For Everyone. Now Credit Is As Private As Cash (02:11)
  • Global fintech investment falls sharply (15:53)
  • NatWest hid a data breach from customers (24:15)
  • Credit Karma glitch exposed users to other people’s accounts (30:05)
  • TransferWise’s debit card launches in APAC (41:53)
  • Monzo customers to receive salaries a day early under new feature from app-only bank (49:50)
  • J-Lo & A-Rod Are Investing in Acorns (1:00:17)

Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. Hosted by a rotation of 11:FS experts including David Brear, Simon Taylor, Jason Bates, Leda Glyptis and Sarah Kocianski and joined by a range of brilliant guests, we cover the latest global news, bring you interviews from industry experts or take a deep dive in subject matters such as APIs, AI or digital banking.

If you enjoyed don't forget to subscribe and please leave a review

Follow us on Twitter: www.twitter.com/fintechinsiders where you can ask the hosts questions, alternatively email podcasts@11fs.com!

Special Guests: Emily Nicolle, Marko Wenthin, and Olivia Vinden.

Links:

Aug 26 2019
1 hour 14 mins
Play

Rank #9: Ep243 – Ethical Hacking with Jamie Woodruff and Sergey Pavlovich

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In this episode

We dive into the interesting world of ethical hacking. Our first guest Jamie Woodruff takes us through his unique university entry, why your computers might not be the cause of your network’s security breach and how posing as a pizza delivery man helped him gain entry into a companies headquarters.

Chris then interviews Sergey Pavlovich, a Russian ‘carder’ who made it big defrauding banks, and after a stint in prison, started working to defend against people like him. Sergey tells us about how he earned thousands from stolen credit cards and why working for the good guys works out better in the long run.

Guests

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

The post Ep243 – Ethical Hacking with Jamie Woodruff and Sergey Pavlovich appeared first on 11:FS.

Apr 26 2017
31 mins
Play

Rank #10: Ep124 – Wealth: Robo-Advisors or Master of Puppets?

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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

The post Ep124 – Wealth: Robo-Advisors or Master of Puppets? appeared first on 11FS.

The post Ep124 – Wealth: Robo-Advisors or Master of Puppets? appeared first on 11:FS.

Special Guest: Joe Parkin.

Nov 30 2016
1 hour 6 mins
Play

Rank #11: Ep. 258. Insights: Healthtech

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Today's insights show takes a closer look at what's going on in the Healthtech space. We take a look at: how people engage with their health, companies looking towards preventative measures, whether healthcare should be more patient-centric, crossovers with insurtech/fintech/healthtech and much more.

We're joined by some fantastic guests:

  • Amit Patel, Director of New Ventures at Bupa
  • Nick Tate, VP Global Digital Innovation at GSK
  • Matt Lenzi, Director at Hanno
  • Paul Bate, Director of NHS services at Babylon Health

This episode was written and produced by Laura Watkins and edited by Michael Bailey.

Special Guests: Amit Patel, Matt Lenzi, Nick Tate, and Paul Bate.

Oct 05 2018
50 mins
Play

Rank #12: 349. News: Get rich quick!

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Our expert hosts, Simon Taylor and Sarah Kocianski, are joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week. This week's guests include:

  • Stephen Lemon - Cofounder and VP at CurrencyCloud
  • Carl Hazeley - VP at Finimize
  • Caroline Plumb - CEO of Fluidly
  • We also hear from Sam Maule, 11:FS MP and Wander Rutgers, President of Robinhood International!

We cover the following stories from the fintech and financial services space:

  • Remedies Pool C winners are announced (1:44)
  • Goldman Sachs dips into subprime lending with Apple Card (11:52)
  • Robinhood gains authorisation to open in the UK (21:45)
  • Central Bank of Ireland to skip deadline for SCA rules (28:30)
  • Venmo launches instant transfers to bank accounts (33:40)
  • WeChat Pay and Alipay partner QFPay raises $20 million to develop new digital payment solutions (41:19)
  • Hey Google, lend me a tenner? NatWest trials voice banking (48:45)

Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. Hosted by a rotation of 11:FS experts including David Brear, Simon Taylor, Jason Bates, Leda Glyptis and Sarah Kocianski and joined by a range of brilliant guests, we cover the latest global news, bring you interviews from industry experts or take a deep dive in subject matters such as APIs, AI or digital banking.

If you enjoyed don't forget to subscribe and please leave a review

Follow us on Twitter: www.twitter.com/fintechinsiders where you can ask the hosts questions, alternatively email podcasts@11fs.com!

Special Guests: Carl Hazeley, Caroline Plumb, Sam Maule, Stephen Lemon, and Wander Rutgers.

Links:

Aug 19 2019
59 mins
Play

Rank #13: Ep. 173. Investing's Future - a Platform for Your Future Wealth?

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So what is an investment platform? According to our panel it's much like a supermarket- you go in and buy lots of things, however you're also doing all the cooking! We discuss how robo advisors can disrupt investment platforms, by scaling the 'do it for you' investment model through technology, and how this interesting supermarket analogy gets altered due to it.

We then move on to Millennial wealth and investment, exploring how newer generations don't have the benefit of buying property and seeing prices skyrocket, whilst also being saddled with debt as they begin their working lives. But how does a generation that has grown up with social media, a generation that is exposed to instant gratification so often- grow to understand the non-immediacy of investment? Or is this the responsibility of investment platforms- does this area need to be more accessible? Mitigating the jargon and bridging that financial literacy gap is imperative, but could governments rather than financial isntitutions be the answer in educating?

But is the challenge with long term investment an economic one rather than educational-inflation currently sitting at 3% means that many cash ISA's aren't really working. To quote our guest Jon Willis: "you may as well keep your cash under your mattress" and this is very much the view financially literate millennials take- citing the lack of excitement a reason for disinterest, hence- Bitcoin.

So how do we make it more accessible? Since millennials don't trust banks, as they have grown up with other brands and services that this generation of users are comfortable with e.g Facebook and Amazon. Is it through gamification? Is that the best way to bridge this literacy gap and make investment more accessible? Our wonderful guests dive deep into this subject and how the challenge posed to investment platforms can be answered.

We hope you enjoy the show - spread the word, tell your friends and don't forget to leave us a review on iTunes.
If you want to get in touch, drop us a line at podcasts@11fs.com or on Twitter @FintechInsiders and follow us on Facebook.

Special Guests: Adam French, Jon Willis, Pete Townsend, and Shaun Port.

Links:

Jan 24 2018
1 hour 7 mins
Play

Rank #14: Ep. 120. Interview: PwC Financial Wellness Report

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In this episode:

David interviews Robert Churcher, the author of the Financial Wellness Report and they discuss the growing challenges of financial wellness in today's climate, and the importance of education to help people understand their current financial position, their long term goals and how to achieve them. Advice is also critical, particularly contextual advice that is relative to an individual to help them independently manage their finances and to have confidence in investing.

They discuss what the future will look like, especially for young professionals and the different products and services available to them.

For further information read the report in full: http://www.pwc.co.uk/financial-services/fintech/assets/boosting-young-professionals-financial-wellness.pdf

Aug 04 2017
19 mins
Play

Rank #15: Ep. 190. News: Imagine if the Kardashians could code

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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?

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

Links:

Mar 12 2018
56 mins
Play

Rank #16: Ep. 121. News: Amazon is Everywhere

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In this episode:

First up: Amazon is everywhere, should banks be concerned?, and is Amazon more of a threat than Trump? They also talk AI as RBC launches Siri bill paying functionality and USAA launches a pilot on Alexa. Klarna launches P2P product, Wavy, a rival to ABN AMRO's Tikkie but they have 'Pan-European' capabilities that could make them more influential.

Alipay's European expansion continues, and the team discuss the scale of growth in Asia, as South Korean bank Kakao gains 800,000 customers in 4 days and it's not viewed as especially notable. They also debate the potential post-Brexit banking exodus and the wider impact of that on the British economy.

And finally, as Andy Murray supposedly invests in Revolut, we talk about the impact of celebrity endorsement on fintechs.

Special Guests: Andra Sonea and Tanya Andreasyan.

Links:

Aug 04 2017
48 mins
Play

Rank #17: Ep. 126 Interview - Beth Knickerbocker, CIO, OCC

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In this episode:
Beth tells Simon what the OCC is and what it does, with particular reference to the American dual-banking system and how she became a part of it.
We also find out what the OCC is doing to embrace and promote financial innovation and the challenge of balancing that with regulation.

To find out more about Beth and the work of the OCC, visit OCC.gov, or email innovation@occ.treas.gov

We hope you're enjoying the show - don't forget to subscribe so you never miss an episode, find all the news stories and many more at fintechinsidernews.com, follow us on Facebook, and we'd also love it if you could leave us a review on iTunes!

Special Guest: Beth Knickerbocker.

Aug 25 2017
19 mins
Play

Rank #18: Ep.119. Insights - NFI (Nordic Finance Innovation)

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In this episode:

We bring you the highlights from an event we attended, organised by NFI, in Scandinavia, where we heard from co-founders and CEOs from some of the most up and coming fintech firms, including Bud, Solaris and Clear Bank, and our very own NED, Chris Skinner.

Guests:
Edward Maslaveckas - CEO and co-founder, Bud
Marko Wenthin - Board Member, Solaris
Nick Ogden - Executive Chairman, ClearBank
Chris Skinner - Non-Executive Director, 11:FS

We hope you’re enjoying FinTech Insider – don’t forget to tell a friend about us and please leave us a review on iTunes.

Aug 02 2017
1 hour 12 mins
Play

Rank #19: Ep.122. Interview - Phillip Keller & Harley Morlet, Tail

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In this episode:

Meaghan Johnson interview Phillip Keller and Harley Morlet, CEO and co-founder of Tail respectively. Tail is a rewards platform designed for open banking APIs. Tail provides exclusive offers for Starling and Monzo card holders such as cash back on purchases made with their Starling or Monzo cards and other offers such as discounts on dining out.

We ask them about Tail's origin story, what the main pain points were with getting off the ground and what their future plans are. We also ask them what they think the future holds with open banking and which challengers they'd most like to work with next.

We hope you’re enjoying FinTech Insider – don’t forget to tell a friend about us and please leave us a review on iTunes.

Aug 11 2017
22 mins
Play

Rank #20: Ep. 259. News: We are the news

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Our hosts, Simon Taylor and Ross Gallagher are joined by three great guests: Nina Mohanty, Business Development at Bud, Lianna Brinded, Head of Yahoo Finance UK and Lesley-Ann Vaughan, Co-Creator of M-Pesa and 11:FS Product and African Markets Expert.

First up, RBS prepares to launch standalone digital bank. RBS announces plans to launch “Bó” a new digital bank to try and compete with Monzo et al. Launching next year, it will only be available on mobile and RBS want to migrate 1M NatWest customers over to it. It is understood that the project will be run as an independent operation with separate premises and a dedicated team, mirroring the startup culture of disruptive FinTech players.

Online glitches disrupt payday. Last Friday, (the last Friday of the month and payday for a lot of people in the UK) and many people were locked out of multiple banks’ online banking portals and mobile apps crashed
In some cases money actually disappeared from their accounts. Banks affected included Barclays, HSBC and of course TSB, just one week on from similar issues that impacted RBS, NatWest, Ulster and Barclays.

We also have a Tweet of the Week this week from Monzo Founder Tom Blomfield.

Then we look at lack of choice in bank switching. A CMA study in 2016 concluded that most people haven’t switched banks in more than a decade. Mid-sized banks are planning to launch a lobbying campaign highlighting the role regulation plays in their competitive landscape. TSB and Metro Bank will argue that regulators ought to give them a break from highly prescriptive, burdensome rules because they make it impossible for smaller banks to differentiate themselves from larger rivals.

Danske Bank chief steps down. In a call back to last week’s show and the ING money-laundering fine, the boss of Denmark’s biggest bank has resigned after admitting that the vast majority of €200bn (£178bn) flowing through its Estonian branch was money-laundered cash flowing illegally out of Russia, the UK and the British Virgin Islands. The bank said an independent investigation had found “a series of major deficiencies” in its controls to prevent money laundering.

BBVA’s Francisco González retires after 18 years. Francisco González, the digital pioneer who has led BBVA for the last 18 years, will step down in December and hand over to Carlos Torres Vila, the former CEO. Mr González, 73, is one of Europe’s longest-serving bank leaders and has won global plaudits for making financial technology a central part of BBVA’s strategy long before most executives awoke to its potential.

Facebook could be fined up to $1.63 billion for a massive breach which may have violated EU privacy laws. Facebook may be fined as much as $1.63 billion by a European Union privacy watchdog for a data breach announced Friday that compromised the personal information of up to 50 million users. The hack may have violated the EU's new privacy law, the General Data Protection Regulation, which would result in a hefty fine if EU citizens were affected. Under the law, companies that don't sufficiently protect user data face maximum fines of 20 million euros ($23 million) or 4% of the company's global annual revenue from the prior year, depending on which sum is larger.

We got a cutaway interview with Ryan Garner, host of our digital identity and GDPR insights show podcasts, who has some very strong thoughts on how Facebook have behaved. We also speak to the public about their thought on Facebook and whether they deleted their data or not.

The rising cost of Brexit. European banks are considering whether to begin closing out their trillions of pounds’ worth of derivatives positions in London in the coming months as the UK struggles to finalise an agreement on leaving the EU. The Bank of England estimates that around £38tn of deals are affected by Brexit, including 90 per cent of euro-denominated interest rate swaps.

UBS expects London to lose 25% of a €1 trillion-a-day business due to Brexit. UBS: LCH, the London clearing house owned by the London Stock Exchange, is likely to lose at least 25% of its euro clearing volumes as a result of Brexit. LCH processes the bulk of all euro clearing in the UK, which is a €1 trillion-a-day business. Even if Britain avoids a "hard" Brexit, UBS expects volumes to shift to the continent as regulators order firms to do so to guard against the potential risk.

We catch up with Oscar Williams Grut, Senior Reporter at Business Insider who wrote the story.

Money Saving Expert advises on packaged bank accounts. If you've got or had a packaged bank account - where you pay a monthly fee for extras incl travel, mobile or breakdown cover - you may be owed £1,000s. Many get these accounts for cheap insurance. Yet they've also been mis-sold on a mass scale. Customers have to pay a monthly fee for the added extra, which can be anything between £9.95 (TSB Silver) to £19 (NatWest Reward Platinum) to name a few examples, but sometimes the rates are better when you buy the insurance separately.

LinkedIn names its top 25 UK startups, including 11:FS at #19! LinkedIn have published their list of the top startups to work for in the UK LinkedIn’s criteria: To be eligible, companies must be independent and privately held, have 50 or more employees, be 7 years old or younger. Fintech is overwhelmingly represented in the list with 9/25 startups. Monzo is #1, Revolut at #3, ClearBank at #4, GoCardless at #13, Starling at #18 and #Tandem at 23. Also shoutout to Babylon Health, who were on last Friday’s health tech insights show.

Data is the new cash? Shiru Cafe in Providence, R.I., located near Brown University, students pay with their personal data and uni ID, not in cash. To get the free coffee, university students must give away their names, phone numbers, email addresses and majors, dates of birth and professional interests, entering all of the information in an online form. In exchange students open themselves up to receiving information from corporate sponsors who pay the cafe to reach its clientele through logos, apps, digital advertisements on screens in stores and on mobile devices, signs, surveys and even baristas.

And finally...Burger King's AI-written ads are beautiful disasters. Burger King is releasing a series of ads that were apparently written by a deep-learning algorithm. One of the ads declares, "Gender reveal bad. Tender reveal young. It is a boy bird with crispy chicken tenders from Burger Thing."

All this and so much more on today's episode of Fintech Insider!

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This week's episode was written and produced by Laura Watkins. Edited by Michael Bailey.

Special Guests: Lesley-Ann Vaughan, Lianna Brinded, Nina Mohanty, Oscar Williams-Grut, and Ryan Garner.

Links:

Oct 08 2018
1 hour 12 mins
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