082: Westpac, Macgregor Duncan

By Joanne Cousins on 12/05/2021

Westpac Banking as a Service CEO, Macgregor Duncan is a special guest on ep 82 of Fintech Chatter Podcast.

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.

About Macgregor Duncan and Westpac

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.

Article written by Joanne Cousins

Latest Episodes

Find your Favourite episode

"Dex does a great job at bringing FinTech founders and thought leaders onto the podcast while providing valuable insights into the industry. An informal atmosphere allows genuine chats."
Wagner Camarao
"My No1 go-to podcast to get access to an amazing roll call of Founders and Fintech leaders. Dexter does a great job getting his interviewees to share frank points of view and great insights."
Alt Bankin for all
"What I love about this show is the breadth of people and their experience that Dexter is able to tap into. Not so long ago people paid to hear for this kind of advice- now you can get it for free!"
Rob Hoxton
"The definitive Fintech podcast in Australia. Never short on insight and always current on on the challenges and thinking in the Fintech industry. Great subscribe for anyone interested in tech and entrepreneurialism."
Boscoe Tan