Rebank: Fintech Analysis

Joseph Healy is the Co-Founder and Co-CEO of Judo Bank, an SME challenger bank in Australia. Fresh off a A$400m equity raise from Bain Capital and others, Judo is on track to lend A$1 billion by year end. Prior to starting Judo, Joseph held executive positions at NAB, ANZ, CIBC World Markets, Citibank and Lloyds. From 2008-2014, Joseph ran NAB's Business Banking unit, the largest business banking division in Australia. Joseph and I discuss the state of business banking in Australia, why he needed to start a new bank rather than seeking to reform an incumbent bank from the inside and the learnings from decades as a traditional banking executive that Joseph is applying at Judo. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Joseph Healy.

Oliver Prill is the CEO of Tide, a leading business banking provider for UK SMEs. Charles McManus is the CEO of ClearBank, the first new clearing bank in the UK in nearly 200 years. Tide and ClearBank recently won a £60 million grant as part of the RBS remedies program, which we've discussed before on the podcast and which Charles describes to start us off. With the funding, Tide, backed by ClearBank, aims to achieve high single-digit market share in the UK SME banking market with its digital proposition. In this conversation, we discuss Tide's plans as well as the UK SME market in general. The first voice you'll hear in the conversation after mine is Charles's, followed by Oliver's. You'll hear us refer to the BCR, or Banking Competition Remedies, the body responsible for administering the remedies program. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Oliver Prill and Charles McManus.

Seth Rosenberg focuses on fintech at Greylock, one of Silicon Valley's most storied venture firms, with noteworthy investments including LinkedIn, Facebook, Airbnb and many more. In this conversation, we talk through Greylock's fintech thesis, Seth's view of where the industry is going and the way the firm looks at investments in general. We reference a deck Greylock published, accessible here. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Seth Rosenberg.

Mike Massaro is the CEO of Flywire, a Boston-based payments company. Flywire specializes in large-value payments for education, healthcare and travel. Flywire has raised over $140 million from leading investors including Spark Capital, Fidelity's F-Prime, Bain Capital, Temasek, Accel Partners and QED Investors. In this conversation, Mike and I discuss the drivers and implications of recent consolidation in the payments industry, existential threats to payments incumbents and the trend of payments integration into vertical software platforms. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Mike Massaro.

Ryan Gilbert is a General Partner at Propel, a San Francisco-based venture firm with investments in companies including Coinbase, Personal Capital, Trussle, Prosper and many more. Prior to joining Propel, Ryan founded and ran SmartBiz loans, a leading SBA loan originator. In this conversation, we explore a few interesting fintech verticals, including mixed commerce, insurtech and payroll benefits, by way of recent investments Ryan has made. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Ryan Gilbert.

Sankaet Pathak is the Founder and CEO of Synapse, a platform banking provider. Fresh off a Series B led by Andreessen Horowitz, Synapse is operating at the leading edge of the potentially massive platform banking trend. In this conversation, we discuss the issues with existing sponsor banking infrastructure, examples of new propositions that can be created using a platform like Synapse and the implications of big tech and non-banks increasingly surfacing banking and financial services products within their offerings. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Sankaet Pathak.

Donna Parisi is a Derivatives Partner and Global Head of Financial Services and Fintech for Shearman & Sterling, a leading global law firm. In addition to her work on a range of derivatives, structured products, securitization, capital markets and commodities matters, Donna has built specific expertise in crypto, tokens and digital assets, which are the subject of our conversation today. Donna and I discuss regulatory frameworks and institutional infrastructure for digital assets, where the space is going and why. You'll note that we intentionally don't dig into Facebook's Libra project, which I may pick up in a standalone episode in the future. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Donna Parisi.

Jon Stein is the Founder and CEO of Betterment, one of the world's leading digital investments companies. We first connected with Jon in January 2018 in a great episode that's still very relevant today. Since then, Betterment has added $4 billion in assets under management to its platform, and today, they're launching checking and savings accounts as they extend their offering into banking. This move is a compelling one at a time when consumer fintechs are increasingly extending early product sets in pursuit of comprehensive financial services offerings. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Jon Stein.

The subject of today's conversation is design in financial services. We talk all the time about the new customer experiences shaping the evolution of finance, generally focusing on the implications of those forces and others on the trajectory of the industry. Today, we take a closer look at those experiences themselves, through the eyes of the people designing them. The first voice you'll hear after Will's is that of Yenny Otero, Head of Design at TSB. The following speaker is Nick Haley, Product Design Principal at Idean, a design agency. The fourth and last voice that enters the conversation is that of Noel Lyons, Experience Design Director at Barclays. Design is an increasingly important function in financial services, with organizations around the world embedding it in product development and leveraging it for better traction, engagement and ultimately, monetization. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Yenny Otero, Noel Lyons and Nick Haley.

The investments space is changing as fast as any other financial services vertical, with roboadvisors, free stock trading apps, contextual behavioral experiences, software automation, AI, new pricing structures and crypto all shaping the future direction of the industry. Today, we discuss the current state and likely future of the space with two of the leading firms in the industry. Chris Worle is the Chief Digital Officer at Hargreaves Lansdown, the UK's leading retail investments platform. Joe Parkin leads the UK iShares business and digital wealth for Northern Europe at BlackRock, one of the world's leading investment firms. This conversation is a great complement to past episodes with Nutmeg, Betterment and Scalable Capital exploring the evolution of investment management. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to fintechs, banks and corporates. Drawing on our experience starting, running and advising fintech businesses and our vast network of the most impactful fintech entrepreneurs, investors and innovators around the world, we help companies make sense of fintech, work through specific questions and optimize proposition and strategy. For more information about our services, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Chris Worle and Joe Parkin.