Fintech Insider Podcast by 11:FS

823. News: HSBC fined £57m by Bank of England, and has Mastercard killed the password?

Feb 5, 2024

Guests Rachel Pandyan, Doug Mackenzie, and Anil Stocker join the hosts to discuss the latest fintech news, including HSBC being fined £57m by the Bank of England, Mastercard's plan to replace passwords with biometric authentication, and Nova Credit's support for Ukrainian refugees. They also cover stories about PayPal reducing its workforce, a petition for financial literacy in schools, and a humorous incident involving Tom Hollander receiving Spider-Man's bonus cheque.

59:06

Episode guests

Rachel Pandyan

AI Summary

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

HSBC fined £57m by Bank of England for 'serious' deposit protection failings

Mastercard aims to replace passwords with biometric authentication

Nova Credit helps Ukrainians in UK, US and Canada get credit

Deep dives

Finovate Europe offers discounted tickets for industry leaders

Finovate Europe is back next month, offering two days of top-level discussions with 1,000 industry leaders. Attendees will have the opportunity to see cutting-edge demos from FinTech innovators and make valuable connections. Use code Europe24 for an exclusive 20% discount on tickets.

Introduction

5min

Upgrading Funding Facility for Future Growth

5min

Choosing the Name 'Kriya' and the Importance of Serving Small Businesses

2min

Selling Solutions to Big Businesses and the B2B Market

17min

Exciting News, Finovate Europe, and Credit Access for Ukrainians

4min

Challenges in Expanding Overseas in the Credit Space

18min

Advocating for Financial Education and a Bonus Check Mix-Up

5min

Legal and Moral Implications of Receiving Unjust Money and HSBC's Fine

4min

Our expert hosts, David M. Brear, is joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week, including the news that HSBC is being fined by the Bank of England's financial stability arm after failing to adequately protect its customers in the event of a banking collapse. Plus, Nova Credit is stepping up to support Ukrainian refugees, and Mastercard want to get rid of passwords.

This week's guests include:

Rachel Pandyan, Ventures Product Lead at 11:FS
Doug Mackenzie, Chief Content Officer at Fintech Finance
Anil Stocker, CEO of Kriya

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

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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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Fintech Insider Podcast by 11:FS

823. News: HSBC fined £57m by Bank of England, and has Mastercard killed the password?

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Finovate Europe offers discounted tickets for industry leaders

Krea secures $50 million funding to enhance B2B payment solutions

HSBC fined £57 million for inadequate customer deposit protection

PayPal to reduce global workforce by 9%

Go Henry urges government to prioritize financial education

Remember Everything You Learn from Podcasts