Rebank: Fintech Analysis

Today, we're joined by Brett King, founder and Executive Chairman of Moven, one of the original digital banks, and Lex Sokolin, Global Head of Fintech at ConsenSys. Lex and I discussed Moven's recent announcement to shutter its B2C business on episode 170 of Rebank, and we're happy to have the opportunity to connect with Brett directly to discuss the decision in more detail. Of particular interest in this conversation are Brett's learnings from ten years of running Moven about B2C vs B2B as a digital banking strategy, the missing pieces in the current US and European challenger banking business model and where the space will go from here. For all of our past episodes, and to sign up to our newsletter, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Brett King and Lex Sokolin.

Today, Rebank co-host Aman Ghei of Finch Capital is joined by Silvi Wompa. Silvi is the head of portfolio underwriting at Swiss Re, one of the largest reinsurers in the world with over $30B in revenue. Over the past 18 years, Silvi has built an international executive career in insurance across Life & Pensions, Property & Casualty, Broking and the Lloyd's Market at companies like Hiscox, Old Mutual and Willis Towers Watson. She also co-founded Ch.AI in 2018, an insurtech start-up based in London focused on mitigating price risk in raw materials. In this conversation, Aman and Silvi discuss the insurtech landscape, why disruption in insurance has not kept up pace with other areas of fintech, why enablement may trump disruption in insurtech, and what incumbent insurance companies are doing to stay relevant. For all of our past episodes, and to sign up to our newsletter, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Aman Ghei and Silvi Wompa.

Today, we're joined by Lex Sokolin to discuss the ways in which COVID-19 is influencing consumer and business behavior and what changes are likely to be permanent. Digital is booming in areas where it hasn't before, both on the consumer and business sides. This genie will not be put back in the bottle. We are in the midst of a quantum leap forward in digital adoption. Fintechs that have long struggled for regulatory acceptance are punching through with solutions for SBA loan and stimulus check disbursement. This pivot toward a more mainstream role doesn't feel like a change that can be reversed. Apple and Google are building tools to enable us to give up even more privacy in the name of public health. Times of crisis reorder moral priorities. For all of our past episodes, and to sign up to our newsletter, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Lex Sokolin.

In this special episode, we're joined by Lex Sokolin for analysis of a few important recent fintech developments. Lex is the author of the Future of Finance newsletter, the CMO & Global Fintech Co-Head at ConsenSys and a genuinely next-level thinker. In this conversation, Lex and I examine the recent SoFi acquisition of Galileo, Moven's decision to close its B2C digital bank and what if any impact rapid fintech product developments in response to COVID-19 will have on the future of financial innovation. For all of our past episodes, and to sign up to our newletter, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Lex Sokolin.

Today we're joined by Abhishek Gupta, Head of BBVA Open Platform, BBVA's banking-as-a-service offering. As most people listening this podcast know, BBVA is a leader in financial innovation among incumbent banks, having taken a very proactive approach to the role of technology in banking. The Open Platform is the productized, public facing version of BBVA's core banking infrastructure, offering bank accounts, cards, payments and KYC via API to fintechs and brands. In this conversation, Abhishek and I discuss the emerging banking-as-a-service industry, the most compelling fintech and brand use cases of bank APIs and BBVA's broader approach to financial innovation. For all of our past episodes, and to sign up to our newletter, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Abhishek Gupta.

The fintech industry has rapidly matured in recent years. Once a collection of aspirational early stage founders catering to tech early adopters, fintech companies are increasingly offering highly respected, professional grade solutions to mainstream consumers and businesses. Challenger banks, online lenders, payments companies and API connectivity layers once competed for fringe customers in a handful of urban centers. Now, they're pursuing global rollouts, pushing $10 billion valuations and piquing the interest of incumbent acquirers from FIS to Fiserv to Visa. How far will private funding take fintech? Will a wave of IPOs follow? Will M&A entice leading startups before their valuations make takeovers uneconomical? What will happen when local fintech successes clash at the global level? This special episode was recorded live at a Rebank event in London hosted by Shearman & Sterling, a global law firm with a specialist fintech practice. Visit fintech.shearman.com to find out more. In this conversation, we're joined by Noel Monro, Director at Rothschild & Co, an investment bank, Tim Levene, CEO of Augmentum Fintech, a venture capital firm, Ian Sutherland, CFO of Tide, a business banking service and Pawel Szaja, Capital Markets Partner at Shearman & Sterling. For all of our past episodes and to sign up to our newsletter, please visit bankingthefuture.com. Thank you very much for joining us today. Please welcome, Noel Monro, Tim Levene, Ian Sutherland and Pawel Szaja.

Today, we're thrilled to be joined by Adrian Nazari, founder and CEO of Credit Sesame. Credit Sesame is a free credit score monitoring and management service. Credit Sesame has 16 million registered users and has raised $120 million since its inception nearly ten years ago. In this conversation, Adrian and I discuss the company's new banking offering and how it fits into the core business. We also discuss the competitive landscape in retail digital banking in the US and how Credit Sesame intends to differentiate. We also discuss the extremely pressing subject of supporting Americans living paycheck-to-paycheck is the midst of a global pandemic and recessionary fallout. Credit Sesame and other mass market fintechs have a tremendous opportunity to contribute in this time of social and personal distress. For all of our past episodes and to sign up to our newsletter, please visit bankingthefuture.com. Thank you very much for joining us today. Please welcome, Adrian Nazari.

Today, we're thrilled to be joined by Hussein Kanji, a London-based venture capitalist. Hussein co-runs Hoxton Ventures, a firm he started in 2013. Hussein has invested in and/or served on the boards of some amazing companies, including Deliveroo, Babylon Health, DarkTrace, Behavox and many more. Prior to starting Hoxton, Hussein worked on product at Microsoft and then at Accel, one of the world's premier venture firms. For all of our past episodes and to sign up to our newsletter, please visit bankingthefuture.com. Thank you very much for joining us today. Please welcome, Hussein Kanji.

Today, Rebank co-host Aman Ghei of Finch Capital connects with Steve Toland, founder and CEO of TransFICC, an e-trading technology company providing solutions for fixed income and derivative markets. Steve has over 25 years experience working in the global capital markets. He was previously the Head of LMAX Interbank, led global sales for MarketFactory, and held the positions of Head of FX Sales for EMEA and America at ICAP and Head of Sales for Americas at Thomson Reuters. Aman and Steve start by discussing why there has not been much innovation in capital markets infrastructure compared to traditional retail brokerage and how trading desks at various product groups like fixed income are waking up to the new wave of API driven technology to provide the best speed of execution in highly regulated markets. It's interesting to think about how trading desks at big banks and asset managers will need to adapt to an increasingly competitive and technology driven marketplace. Thank you very much for joining us today, please welcome Steve Toland.

Victor Trokoudes is the founder and CEO of Plum, a personal financial assistant that sits atop your existing bank accounts and automates financial success. Plum is a leader in the personal finance management, or PFM, space, and Victor has interesting views on what the future of the segment will look like. For all of our past episodes, and to sign up to our newsletter, please visit bankingthefuture.com. Thank you very much for joining us today. Please welcome, Victor Trokoudes.