321. News: Everything takes money

May 13, 2019

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This week we have some excellent stories for you as David and Simon are joined by a few fantastic guests:

Rebecca Duckworth, Chief Sales Officer at Quotevine Limited
Louis Sutton, Co-Founder & Director at The Grapevine and host of I, Fintech
Valentina Kristensen, Director of Growth and Comms at OakNorth
Ryan Edwards-Pritchard, Managing Director at Funding Options

We kick off the episode with Valentina making a big announcement regarding OakNorth entering the mortgage market. As mortgage processes can be considered overlooked and underserved, the discussion goes to whether or not this product could drive incumbents to change existing mortgage processes. OakNorth are hoping that by offering a bespoke customer-centric product, it will become a major player in the sector (03:16).

Next up, we talk about Lloyds’ disappointing Q1 results and the fierce competition in the mortgage market. The panel ask where growth is going to come from and how the market is going to change with new challenger banks coming up. Being the "least worst" of the big banks is no longer what is at stake, with new challenger banks delivering new efficient processes (14:36).

Also, our recurring guest Ryan Edwards-Pritchard at Funding Options has a big announcement to make!
More information about the announcement can be found here:
https://www.altfi.com/article/5335_funding-options-and-experian-bid-for-slice-of-rbs-775m-bank-competition-fund