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.
When QED Investors, Blackbird, Square Peg and Airtree all back the same early-stage Australian AI startup, the funding round is news. What matters more for anyone hiring or being hired in fintech right now is why they all said yes, and what the founder behind it says about building and hiring in an AI native […]
Looking to scale your fintech leadership team? Start at tieronepeople.com Clayton Howes is the co-founder and CEO of MONEYME (ASX: MME), a Sydney-based non-bank lender that has originated over $5 billion in consumer credit since 2013 and manages a $1.9 billion loan book today. In this conversation, Clayton covers the full arc: bootstrapping without external […]
Michelle Bagnall is the CEO of Bank First, a mutual bank with 92,000 members and $4.7 billion in assets that exists to serve nurses and teachers in Australia. In this episode she tells Dexter the origin story of a bank that started with $480 in a shoebox, explains why nobody at BankFirst gets paid a […]
Looking to scale your fintech leadership team? Start at tieronepeople.com Jamie Twiss took Beforepay Group from a pre-IPO startup into a profitable ASX-listed fintech writing 40,000 loans a week with a 99% repayment rate. He explains why the company exists to destroy payday lending, how Carrington Labs is selling AI credit risk models to US […]
