EP #512 - Michael Wüst: Building a Fintech Scaleup for International Payments & Collections

Timestamps:

2:50 - Building a cloud-native API-first product

5:28 - How will AI change banking?

12:14 - The big regulatory beast

25:24 - Amnis’ growth challenges

This episode was sponsored by infinity.swiss, Switzerland’s most advanced AI accounting tool. Save 25% by entering code SWISSPRENEUR at checkout.

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About Michael Wüst:

Michael Wüst is the founder and CEO of amnis, a company reinventing international payments and collections for SMEs. He holds a BBA in Finance from the University of Applied Sciences of St. Gallen and worked for Würth Finance International B.V. from 2006 to 2012, before founding amnis in 2014.

In his chat with Silvan, Michael discussed the challenges and innovations in the payment solutions sector, particularly for SMEs. He highlighted the gap in services for mid-sized companies, the importance of overcoming legacy banking systems, and the role of AI in enhancing banking processes. 

Michael also shared insights on expanding amnis beyond Switzerland, navigating regulatory landscapes, and the significance of strategic partnerships. He elaborated on the company's business model, differentiating factors from competitors, and the challenges of market localization. The conversation concluded with Michael's vision for the future of amnis and the fintech industry.

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