On episode 33 I talk with Shamir Karkal of Sila. Sila’s mission is to accelerate the next generation of financial innovation.
WeLab is one of eight virtual banks that have received banking licenses from the Hong Kong Monetary Authority this year;...
In episode 35, I talk with Sergei Terentev of B9. B9 is a fintech company that offers a full suite...
North Carolina based BB&T has been aggressively cutting branches and staff in the past year as they looking to become...
The pandemic has helped drive a surge in Canadians using digital identity authentication platforms to get access to government programs;...
South Africa based Discovery Bank is launching in a few months as the first behavioral bank, though the trend in...
While banks might have been a bit slow to react to online lenders they are certainly taking notice today and changing how they operate; fintech companies originated about 30 percent of unsecured consumer loans in 2016 according to TransUnion, up from 1 percent in 2010; banks have started to take notice and compete with fintech companies head on and in some cases partner with them as well; banks hold significant advantages over online lenders in cost of capital and customer acquisition costs which could erode that 30 percent market share that fintechs have built. Source.
Wells Fargo customers are skeptical about the reason why they were unable to access accounts; the bank said there was...
In an interview with the Financial Times Revolut’s CEO Nikolay Storonsky talks about the firm’s successes and how he has built the company; they have raised more than $80mn in capital and are currently valued at more than $415mn; the company has gained a reputation for working long hours and having high demands from Mr. Storonsky; the hard charging CEO believes his style has helped the company grow to where it is today, more than 600,000 users and considered one of the hottest fintech companies sin market today; they interview also covers his time as a trader, his upbringing and who he learns from in business today. Source.
China’s fintech market is the biggest and most powerful in the world, especially when it comes to Alipay and WeChat...