Dexter Cousins asks questions about the 10x partnership and how Westpac's Banking as a Service platform brings Fintech and incumbent Banks closer.
In October 2020 Westpac announced a landmark partnership with Fintech giant, Afterpay. The partnership will allow Afterpay to provide Westpac transaction and savings accounts and other cashflow management tools to its 3.3 million customers in Australia.
To our knowledge, no other such partnership exists in the world of Fintech. Further partnerships with Society One demonstrate Westpac's desire to work with Fintech rather than compete.
As we head into Intersekt Festival 2021 Macgregor talks candidly of the challenges facing incumbent banks. He also shares his thoughts on how banks can adapt and become part of a very exciting but uncertain future.
Westpac is Australia's second-largest bank. Macgregor Duncan leads Westpac’s corporate and business development team, where he’s responsible for M&A, strategic investments and partnerships.
Macgregor also heads up Westpac’s new digital bank.
Before joining Westpac in 2016, Macgregor's spent time in the US as managing director at a US private equity firm. He also spent time as an investment banker at Goldman Sachs, and a corporate lawyer in New York.
Graduating from Adelaide, Princeton and Harvard Universities, Macgregor is the co-author of Imagining Australia: Ideas For Our Future.
Macgregor is currently a non-executive director at the Australian Business Growth Fund and sits on the board of 10x Future Technologies.
Karl Durrance is Managing Director for Australia and New Zealand at Stripe, the payments infrastructure company. Australia NZ is Stripes 3rd largest region globally, serving over one million customers and onboards 37,000 new local businesses every month. In this episode of Fintech Chatter, recorded live at Stripe Tour Sydney, Karl explains how Australia became Stripe's […]
Move Bank has become the first bank in the world to shift its entire operation, technology, product, operations and compliance, onto Constantinople's platform. Dexter Cousins sits down with Move Bank CEO Mike Currie and Constantinople co-CEOs Macgregor Duncan and Di Challenor to unpack a migration that cut cost to income by around 30 percent and […]
In 2016, Sam Everington joined Starling Bank as one of its first twenty employees. Starling did not have a banking licence yet. It had no product, no brand, and no customers. What it had was a room full of engineers who believed a bank could be built from the customer support desk backwards, rather than […]
Peter Jones used to be the CEO he now sells to. It's helped him bootstrap a core banking platform that now holds 20% market share in Australia's mutual banking sector, without a dollar of outside capital. We are celebrating the World Credit Union Conference coming to Sydney. Dexter Cousins will be bringing you interviews from […]
