Deciphered: The Fintech Podcast How Much?! What’s at Stake in the Unsexy World of Wholesale Payments?
Apr 9, 2024
50:38
In this episode of Deciphered, Adam Davis, expert associate partner at Bain & Company, is joined by Erin McCune, expert partner at Bain & Company, Manish Kohli, head of global payments solutions at HSBC, and Thierry Chilosi, chief strategy officer at Swift, to discuss what’s at stake in the world of Wholesale Payments.
Timestamps:
- 00:00 Introduction
- 04:07 What’s at stake in the world of Wholesale Payments?
- 08:06 Why are wholesale payments so important?
- 10:05 From the FI's perspective, what are the profit pools and ways of making money within wholesale payments?
- 14:51 How have wholesale payments changed in the last 10 years? What's driving innovation?
- 23:39 Will real-time payment networks lower the barrier to entry for new payment products?
- 29:00 What are the effects on working capital and liquidity with real-time infrastructures working 24/7?
- 33:48 Swift's modernisation journey - from telex to the new XML standards
- 36:57 How will Swift's new collaborations with Visa and Wise serve businesses and banks going forward?
- 38:38 What makes a successful partnership in the fintech space?
- 42:19 What will the wholesale payments industry look like in 15 years?
You can read more about Bain’s POV on Wholesale Payments in the recently published brief: The Fragmentation of Wholesale Payments Calls for Banks to Remake Their Approach
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- You can find Adam Davis here
- You can find Erin McCune here
- You can find Manish Kohli here
- You can find Thierry Chilosi here
For more insights from the Deciphered podcast, visit the page on Bain’s website