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big tech digital transformation neobank

·Aug. 10, 2020

Google banking shows that tech giants are the storefront for everything, and other distributors will fade away

The tech companies will become the storefront to absolutely everything.

There is no Internet, there is only Google.

There is no commerce, there is only Amazon.

There is no finance, there is only WeChat / Tencent?

I don't know about you, but I cannot pay for anything in cash in London anymore. COVID has made the city go cashless. For China, QR codes have long replaced the need for paper money. And if there is no cash, what is the point of ATMs, and ATM fees, and bank branches, and bank branch staff? Financial firms no longer need to be the place where you shop for financial product.

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artificial intelligence big tech digital transformation enterprise blockchain identity and privacy India regulation & compliance telecom & infrastructure

·Oct. 23, 2020

How IBM spinning-out $18B of managed infrastructure revenue, or Reliance Jio growing to 400MM mobile users, creates a chassis for digital finance

This week, we look at:

IBM spinning out its managed services division with $18 billion of revenue in order to focus on hybrid cloud and digital transformation
Reliance Jio, the Indian mobile telecom provider with 400 million users, contemplating financial services with backing from Google and Facebook
The role that technology infrastructure plays in the delivery of financial services

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China digital transformation Embedded Finance insurtech

·Jan. 22, 2021

Embedded Finance as a $7 trillion market opportunity for banks in the business of suffering, with Simon Torrance

In this conversation, we talk all things embedded finance, platform banking, and APIs with Simon Torrance – one of the world’s leading thinkers on business model transformation, specializing in platform strategy, breakthrough innovation and digital ventures.

There’s an enormous gap between the financial needs of humanity and what the financial sector is able to deliver there. This gap is being filled by tech-savvy solutions and embedded finance plays which are putting into question the role of a bank in this new ecosystem.

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digital lending digital transformation Embedded Finance mega banks neobank paytech

·Nov. 19, 2021

Digitizing banks with better BNPL, Underwriting, and Anti-Fraud Tech, with Amount CEO Adam Hughes

In this conversation, we chat with Adam Hughes – the Chief Executive Officer at Amount, a technology company focused on accelerating the world’s transition to digital financial services via its digital retail banking platform, world-class digital authentication & fraud prevention tools, and ecommerce point-of-sale financing technology.

More specifically, we touch on digital lending industry Buy Now Pay Later (BNPL), as well as the trends of working with large banks and enabling their digital transformation to access some of these themes as part of embedded finance and banking-as-a-service.

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digital transformation Investing IPO / SPAC macroeconomics mega banks monetization / commercial neobank

·Mar. 22, 2021

Understanding the Fintech user growth behind the $10.4 billion eToro SPAC and coming Chime IPO vs. the melting Megabanks

This week, we look at:

Chime, eToro, and Wise targeting the public markets through IPO and SPACs, and their operating performance
The overall growth in fintech mobile apps, their install rates and market penetration (from 2.5 to 3.5 per person), and whether that growth is sustainable
The implications for incumbents from this competition, and in particular the impact on money in motion vs. money at rest
Broader financial product penetration and an anchoring in how the technology industry was able to get more attention that we had to give

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civilization and politics digital transformation entrepreneurship philosophy

·Jun. 8, 2020

What can Fintech learn from Elon Musk and SpaceX getting astronauts to space for 90% cheaper than NASA?

This week I discuss SpaceX, and its Dragon rocket carrying American astronauts to the International Space Station for the first time in 9 years. The 20 year old company is a testament to the incredible iron will and absolute insanity of the most visionary capitalist alive -- Elon Musk. We walk through various attributes of the company and recent launch to derive lessons for the financial industry and the entrepreneurs rebuilding it.

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digital transformation generational change marketing mega banks neobank Social / Community

·Jul. 29, 2021

Step CEO CJ MacDonald on building the leading Gen-Z bank, TikTok influencers, and money culture

In this conversation, we delve deep into next generation finance and banking with CJ MacDonald, the Founder and CEO of Step – an incredibly successful neobank on a mission to improve the financial future of the next generation.

More specifically, we discuss traditional vs. digital banking, how personal experiences influence entrepreneurial the spirit, immersive market research, banking-as-a-service, the importance of financial literacy amongst Millenials and Gen-Z, the power of influencers who actually believe in a brand, aspirational brands vs. plastic Wells Fargo stage coaches, and lastly the proliferation of crypto in the minds of the next generation.

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Lending

·Jan. 29, 2024

What your B2B customer really wants

As B2B payment technology catches up to other areas of fintech, TreviPay CEO Brandon Spear said exciting trends are emerging. In late 2023, TreviPay released the B2B Buyers Payments Preference Study. It updates similar research conducted in 2019.

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digital transformation eCommerce regulation & compliance

·Jun. 10, 2019

JP Morgan’s dead Neobank mistook Digital for a Channel, EOS Voice is $150MM in the wrong direction

JP Morgan just shut down its neobank competitor Finn, targeted at Millennials in a smartphone app wrapper. Several other traditional banking incumbents have similar efforts, from Wells Fargo's Greenhouse, Citizens Bank's Citizens Access, MUFG's PurePoint and Midwest BankCentre's Rising Bank, as well as most of the Europeans (e.g., RBS competition to Starling called Mettle). These banks have every advantage -- from product infrastructure, to balance sheet, to regulatory licenses, to physical footprint, to relationships with the older generation. So how is it that players like Chime, MoneyLion, Revolut, and N26 are all able to get millions of happy users and the incumbents are failing?

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digital transformation neobank venture capital

·May. 5, 2020

Inside The Decision to Shutter Moven’s B2C Business, with Brett King

Today we're joined by Brett King, founder and executive chairman of Moven, one of the world's 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.

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