Rebank: Fintech Analysis

Paul Taylor is the founder and CEO of Thought Machine, a cloud native core banking platform. We first connected with Paul in November 2017, where we walked through his background as a Google AI engineer and the origins of Thought Machine. Today, we zoom out and update, digging deeper into what drives banks' decisions to modernize core infrastructure and how, what approaches are best for what organizations and who is furthest along in the journey. 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, Paul Taylor.

Michael Rolph is the co-founder and CEO of Yoyo, a payments, loyalty and receipt app enriching commerce for customers and merchants. The payments space has been actively lately, as incumbents consolidate and startups seek new attack vectors leveraging open banking, native device components, tokens and other emerging technologies. Michael brings a value perspective to recent developments in the space and talks through where payments might be headed. 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, Michael Rolph.

Nick Hungerford is the founder of Nutmeg, the UK's leading roboadvisor. Nick founded Nutmeg in 2011 and ran it for five years. Currently, Nick is a partner at Portag3 Ventures and serves on the boards of Nutmeg, multiply.ai and Hong Kong based digital bank Neat. 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, Nick Hungerford.

Ron Suber is the former head of Prosper, one of the original peer-to-peer lenders. Prior to getting involved in Prosper, Ron built and sold Merlin, a tech-first prime broker for the long-tail of hedge funds, acquired by Wells Fargo in 2012. Ron invests in and advises a number of fintech companies and has developed views on the space and where it's headed, all of which we get into today. 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, Ron Suber.

David Green is the Chief Product Officer at Earnest, a digital student lender and refinancing provider. The student debt market in the US is unique in the world. College is exceedingly expensive, and students fund their educations by borrowing from the government and private lenders. Despite the size of the market and its decades-long history, student lending doesn't necessarily operate with the same sophistication you would find in other credit markets. David and I talk through some of these points and explore some of the more innovative approaches being taken to address student debt levels and align the interests of students and schools. In addition to the insights we deliver through our podcast and newsletter, Rebank offers advisory services to startups, investors 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 support startups in proposition definition, investors with deal flow and due diligence and corporates in making sense of the rapidly evolving fintech industry and the implications for their businesses. For more information about our services, please visit www.bankingthefuture.com.

Matt Harris is a partner at Bain Capital Ventures focused on fintech and financial services. Matt is a fintech legend in New York. Everyone I talked to about this conversation knew Matt and sang his praises effusively. Matt has been an early stage investor since 1997, which is basically forever in fintech years. His portfolio includes Acorns, IEX, Roofstock, SigFig and many more. Matt has highly developed views about the future of payments, lending, banking and investing, which we work through in our discussion. 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, Matt Harris.

Samvit Ramadurgam is the Co-Founder & President and Kelly Rodriques is the CEO of Forge, a secondary market for private shares. Forge provides access to shares of virtually all of the top 50 privately held tech startups, including Slack and many more, and offered trading in the likes of Spotify, Dropbox, Snap and DocuSign before they IPOed. According to Crunchbase, Forge has raised $88.5m from investors including Peter Thiel, Tim Draper, FT Partners and others. Unlike earlier players in the space, Forge has focused on building out a robust technology platform, including institutional grade clearing and custody infrastructure to support global counterparties. Forge's proposition is particularly relevant as companies stay private for longer. More investor value is captured pre-IPO, so access to private shares is important. Additionally, because IPOs happen later, early employees are often unable to access liquidity for years, making it difficult to buy homes or diversify risk. We dig into all of these issues with Samvit and Kelly. 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, Samvit Ramadurgam and Kelly Rodriques.

Dee Choubey is the Founder and CEO of MoneyLion, a digital bank combining a comprehensive financial offering with AI-driven personalized guidance. With four million users and counting, MoneyLion aspires to build a private bank for the middle class, initially by providing financial access, education and advice to Americans underserved by the financial system. I find MoneyLion's vision highly compelling. As we've said before on the podcast, it feels like many B2C fintechs are converging to the same place. MoneyLion, on the other hand, has sought to be there from day one. Dee and I connected at MoneyLion's beautiful downtown San Francisco office, which meant sirens, honking horns and general urban background noise. We hope you'll bear with us, as the conversation itself was excellent. 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, Dee Choubey.

Ryan King is the Co-Founder and CTO of Chime, one of the leading digital banks in the US. Chime offers free banking to over three million customers, helping them save hundreds a year on banking and gain control of their financial lives. This episode was recorded at LendIt in San Francisco. A huge thanks to Peter Renton and his team for inviting us to participate. As listeners know, digital banking is a space we follow closely. The US is a fascinating market to watch, given the importance of spending, borrowing and investing, prevailing incumbent pricing structures, digital penetration and customer expectations. And with the number of well-funded fintechs converging on comprehensive digital financial offerings, including Robinhood, Acorns, Betterment, MoneyLion, Chime, Varo and others, not to mention European digital banks like Monzo, N26 and Revolut, the space will get competitive fast. 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 King.

Erin Collard is Co-Founder of Blend, a digital mortgage origination platform. Blend sits atop incumbent systems and digitizes the mortgage process, massively reducing costs for lenders and expediting origination. Blend's software is compelling. So compelling, in fact, that 25% of the market now uses Blend's technology to originate $1 billion of US mortgages every day. Blend has raised $160 million from leading investors including Greylock and Founders Fund. Erin has a fascinating background, which he runs through to kick us off. 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, Erin Collard.