822. Insights: Putting the big tech into fintech

Feb 1, 2024

Experts discuss the role of big tech in finance, exploring use cases and risks. They debate whether big tech companies are friends or competitors to banks. The challenges of informed consent and the potential for bots to streamline financial processes are explored. Cultural differences between traditional banks and big tech companies are highlighted. The future of consumer engagement and the transition to the metaverse are also discussed.

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Introduction

00:00 • 2min

Introductions and Backgrounds of Paul, Dave, and Sam

01:47 • 2min

Fintech vs. TechFins: Utilizing Technology in Finance

03:35 • 11min

Big Tech vs. Banks: Competitors or Friends?

14:59 • 14min

The Challenges of Informed Consent and the Role of Bots in Financial Processes

28:52 • 2min

The Cultural Differences Between Traditional Banks and Big Tech Companies

31:13 • 12min

Insights on Consumer Engagement and the Metaverse

43:19 • 2min

On this episode of Fintech Insider Insights our expert hosts, Ross Gallagher and Kate Moody, are joined by some great guests to talk about the ever-growing overlap between big tech and finance.

We’ve seen no shortage of companies like Google, Apple, and Facebook in the news over the last year, and as technology becomes more central in our relationship with financial services, big tech will only have a more critical role to play in the future of our industry.

So we want to take a step back and understand exactly what big tech’s role in finance currently is, and where they sit on the banking battlefield.

What are the use cases?

What are the risks?

And will we eventually have to do our banking through a VR headset?

To discuss this I am joined by a mighty panel of industry experts.

This week's guests include:

Paul Worthington, Head of Regulatory Affairs at Innovate Finance and formerly the Public Policy Manager at Meta Fintech
Dave Birch, Principal at 15Mb
Sam Maule, an advisor and formerly the Key Account Executive at Google

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Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services.

Our expert hosts, with real industry experience, are joined by the biggest decision-makers, VCs, and reporters from across financial services including guests from Visa, Nubank, M-Pesa, AltFi, Starling, and JP Morgan Chase to discuss the latest news, developments, and trends within the industry.

Our weekly news show drops every Monday and tackles the biggest news stories, from acquisitions and launches, to regulatory changes and innovation. Then, every Friday our Insights show dives deeper into the hottest topics shaping the industry like web3 and BNPL.

Whether you’re already immersed in the world of financial services, or just keen to learn more, this is the #1 podcast for you.

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