In episode 182 of Fintech Chatter Podcast Dexter Cousins is joined by Pål Krogdahl, Director of Advisory at Samlink and co-host of Fintech Daydreaming Podcast.
In this episode, Dexter chats with Pål Krogdahl about the Fintech scene in the Nordics. They talk through Navigating the Transformative Trends in Banking, a report highlighting the latest customer trends and research based on 40-plus banks, revealing the key themes and areas for innovation.
Covering everything from AI to Open Banking, Banking as a Service to Embedded Finance, and everything in between the research reveals where customers are shifting their focus and expectations from their bank.
Pål also shares some key findings on the major issues keeping banking execs awake at night, giving some clear indications on where the next wave of Fintech entrepreneurs should focus their energy.
The Nordics is the birthplace of Fintech OG's like Klarna and Tink. It is a region with a rich history of innovation and Pål gives a rundown on the Fintech scene in his native Finland. There are some startling similarities to the Fintech scene down under and lessons can be learned from our European cousins.
You can follow Pål on LinkedIn - https://www.linkedin.com/in/krogdahl/
Download the report - https://samlink.fi/news/the-samlink-equation-2024-navigating-the-transformative-trends-in-banking/
Listen to Fintech Daydreaming - https://fintechdaydreaming.com/
Greg McKenna - Police Bank
Interview with Greg McKenna, CEO of Police Bank | How Fintechs Can Partner with Mutual Banks.
Dexter Cousins is joined by Police Bank CEO, Greg McKenna on episode 173 of Fintech Chatter Podcast.
Dexter and Greg talk through the mutual banking model, the synergies with Fintech and the BIG opportunity for the next wave of Aussie startups like Constantinople.
Greg also shares Police Banks own digital transformation journey and how leveraging the talent and the tech from Fintech's like 86 400 is helping mutual banks compete.
About Police Bank- Police Bank is run by members for members. That means we'll do more than any other bank to support you and those you care about. There are no external shareholders to influence the course of our activities. Profits are returned to Members in the form of better interest rates, products and services.
David Birch Defines Metaverse
"The metaverse is going to be built with an identity layer and a value layer, making it a safer and more secure place to do business."
- David Birch
It's hard to cut through the hype and tripe of the Metaverse. In this episode Dexter Cousins chats to David Birch to define Metaverse and explore what it actually means for the future of money.
What they unpack is an exciting and tangible new internet that holds incredible potential for Fintech businesses, individuals, and society as a whole.
About David Birch
David Birch is an author, advisor, and commentator on digital financial services. He is the author of several books, including "The Currency Cold War", "Identity is the New Money" and "Before Babylon, Beyond Bitcoin." Birch is known for his expertise in digital identity, digital money, payments and the future of money.
"Tokenisation is going to be much bigger than Blockchain."
- David Birch
Metamoney: Payments in the Metaverse
David Birch defines the metaverse and its potential impact on financial services. He shares his journey of exploring web 3, the metaverse and digital identity writing a research paper and book on the topic with Victoria Richardson.
David explains the difference between virtual worlds, gaming and the metaverse, emphasising web 3 is essentially the infrastructure of the metaverse. What makes the Metaverse compelling is the concept of property ownership via tokenisation, digital wallets and digital identity.
David also highlights the potential for tokenisation leading to vastly reduced transaction costs and increased security. And a key reason why major banking institutions are taking tokenisation and stable coins very seriously. David also discusses the role of AI and smart wallets in shaping the future of financial transactions for society, acting as a personal financial advisor and handling every day transactions.
Key Takeaways:
The metaverse is not just about virtual worlds; it is about property ownership and digital identity.
Tokens and digital identity are crucial components of the metaverse and will enable secure and efficient transactions.
The metaverse has the potential to reduce transaction costs and create a reputational economy based on avatars.
The integration of AI and smart wallets in the metaverse will revolutionize financial transactions.
The metaverse will be a safer and more secure place to do business, leading to a shift in the financial industry.
Web 3 is essentially the infrastructure or enabler of the Metaverse.
David Birch is on a tour down under August 2023 and will be making appearances at Intersekt and a number of exclusive events (details below)
Thanks to PayEd https://payed.biz/ for bringing you this podcast. You can catch David Birch in person at the following events:
"We're a software company, so we are not a licensed bank. We don't run a balance sheet. We don't even think of ourselves as a fintech. We're a software company providing services, software services into banks."
- McGregor Duncan
Record Aus $32m Seed Round!
Constantinople is the first of its kind: an all-in-one software and operational platform for banks. Providing a fully-managed platform service, covering customer experience, product, infrastructure, operations, servicing, and compliance.
Macgregor Duncan is the co-founder of Constantinople, a first-of-its-kind software and operational platform for banks. With a background in global banking, McGregor and his co-founder Diane Challoner launched Constantinople in 2022 to address the complex challenges faced by banks in managing their infrastructure and operations.
Dexter catches up with Macgregor in the week they officially announced their launch along with a record breaking $32m seed raise with Square Peg, Airtree and Great Southern Bank
Macgregor talks about the huge problem Constantinople is tackling, how they managed to raise such a significant amount at such a tough time and his journey from Global banking executive to Fintech founder.
"No customer is choosing who to bank with based on those services. And so we saw an opportunity to package up all of the infrastructure and the operational services, do it using software for a fraction of the cost, improve compliance outcomes, and allow our client banks to focus on the things that they want to do and the things that they're best at."
- McGregor Duncan
About Constantinople
McGregor Duncan joins the show to discuss Constantinople, an all-in-one software and operational platform for banks. He explains how Constantinople provides a fully managed platform service that covers customer experience, product infrastructure, operations, servicing, and compliance. McGregor highlights the complexity of the problem they are solving and how they have been able to gain the confidence of customers and investors.
Constantinople’s services cover both retail and business banking. Its platform supports a full range of customer products, including mobile apps and internet banking, transaction and savings accounts, payments, debit and credit cards, and a range of secured and unsecured lending products. These customer products are fully configurable and issued by banks under their brand.
Constantinople also supports all underlying operational services, including customer onboarding, KYC, AML, fraud management, payments and lending operations, loan origination and decisioning, regulatory reporting, and customer service. The platform uses software to embed compliance obligations, risk settings, and automated controls.
Key Takeaways:
Constantinople is a complete software and operational platform for banks, providing infrastructure and operational services to allow banks to focus on customer relationships and core banking activities.
The complexity of the banking industry and the need for compliance and risk management make it challenging for banks to automate their operations. Constantinople aims to solve this problem by providing a fully managed platform with automated controls.
McGregor and his co-founder have leveraged their experience in global banking to understand the challenges faced by banks and develop a solution that addresses their needs.
The success of Constantinople's seed round and the support of investors like Square Peg and AirTree demonstrate the potential of their platform and the confidence in their team and vision.
Constantinople recently released its platform into production and is soon to commence a live pilot with its first client bank, Great Southern Bank.
About Macgregor Duncan
Constantinople’s co-founders and co-CEOs, Macgregor Duncan and Dianne Challenor, are global banking executives with extensive banking and technology experience in the United States, Asia and Australia. Macgregor shares his personal journey from a global banking executive to a fintech founder.
Basiq provides businesses with all the tools to seamlessly acquire and use Open Banking data in a CDR-compliant way.
Damir chats to Dexter about why he is upbeat and optimistic for the Fintech sector in 2023.
Make sure to check out the full podcast where Damir shares his approach to bringing on major investors including Plaid, NAB Ventures, Salesforce and Visa.
And if you are new to the show make sure to follow us and leave a review, it really helps others discover the show and support great founders like Damir 🙏 😀
About Basiq
At Basiq, our vision is Making Finance Easy. Finance is complex and it can be hard for consumers to make informed financial decisions. We see a world where consumers are empowered to make smarter financial decisions and to engage with their finances in new and unique ways.
Basiq enables this by providing an Open Finance API platform for businesses to build innovative financial solutions. The platform facilitates the relationship between fintechs and consumers by enabling access to consented financial data and executing smart data-driven payments.
In episode 108 of the Fintech Chatter Podcast, Dexter Cousins features Sarah Wallis co-founder and COO of Skript, whose mission is to empower business and create simple and accessible solutions that connect any business to the world of Open Banking.
With know-how from her banking days along with her love of products, Skript just make life easier by providing the perfect mix. They take simple solutions, apply the tech rules and comply accordingly, so their products are not only API centric but are always built with the highest level of security.
Sarah is based out of Newcastle where she has been a driver of the tech scene for over 20 years. She is a payment industry expert, implementing payment solutions for a wide variety of organisations. With a background in the heavily regulated banking and insurance sector she has first-hand knowledge of the IT regulation requirements for large enterprises.
Having also worked as a project manager on enterprise level change initiatives Sarah has a track record of delivering large scale change securely and successfully. In 2021 Sarah will complete her Masters of Business Administration at the University of Newcastle.
When not at work Sarah is doing karate with her family or cuddled up with a book and two yellow dogs.
Through their open banking platform, Truelayer enables Fintech like Revolut, Stake and Monzo to build better financial experiences
TrueLayer officially launched in Australia last week, announcing a funding round led by Tiger and Stripe which now gives them Unicorn status.
Dexter Cousins chats to Brenton about the plans for Australia, the key differences between open banking and Australia’s CDR and what the latest funding round means for TrueLayer globally.
Dexter digs deeper into the TrueLayer culture and Brenton shares some great insights on hiring and building teams for startups.
Brenton also gives outstanding advice for anyone looking to break into Fintech, sharing his thoughts on the qualities leaders look for and how to get their attention.
Foundry is a revolutionary platform built by 11:FS that aims to become the operating System of Financial Services.
The Foundry platform enables any business to quickly offer embedded financial products, delivering on the premise that every business is a Fintech.
Simon also shares his insights on how the Fintech industry is shaping up globally and what he thinks of the Fintech scene down under.
About Simon.
Simon Taylor is the Co-Founder and Blockchain Practice Lead at 11:FS. Simon has been immersed in the technology of financial services for as long as he’s been working and is consistently voted one of the most influential people in Banking, Insurance and Fintech by banks, his peers and a number of industry bodies.
For more info go to https://11fs.com/products/11fs-foundry
In episode 86 of Fintech Chatter Podcast, Dexter Cousins is joined by Kristofer Rogers, General Manager for Australia and New Zealand at Mambu, the cloud-native digital banking platform.
Kris is instrumental in solidifying Mambu’s presence in this region. In this exclusive interview, he shares the company plans for the region and why Mambu sees Australia as a great place to grow.
Kris gives his thoughts on open banking and where Mambu can play an active role in creating ecosystems between incumbents and Fintechs. He and Dexter discuss the rapidly blurring boundaries of where Fintech and other industries are blurring.
And Kris gives advice on leadership, launching businesses and he also shares his tips on how to be successful in a Country Manager style role.
In November 2019, Kris was named the Start-Up Executive of the Year at the CEO Magazine’s Executive of the Year Awards for his work as the CEO of Split Payments.
Kris was the driving force behind Split Payments’ success and transformation into a key player in direct debit and real-time payments solutions.
Kris is recognised as an innovator in the tech industry and a thought leader in emerging payments and, specifically, open banking. He regularly speaks at events and on panels.
Register for Mambu's Future Forum - https://www.mambu.com/insights/events/the-future-forum-2021
76: Q2, Chris Boas
In episode 76 of Fintech Chatter PodcastDexter Cousins is joined by Chris Boas, Managing Director APAC of Q2 a software business that creates simple, smart, end-to-end banking and lending experiences.
Chris chats about the role Q2 is playing in the Australian Fintech sector, where Q2's software (Cloud Lending) is used to power Fintech like Athena and Prospa.
Chris also shares some of the work Q2 is doing around the world, including some 900 banks and credit unions in the US.
And Chris shares his insights on the rapidly changing world of banking since the Covid-19 pandemic.
About Q2
Cloud Lending Solutions empowers the global lending & leasing community to connect with their borrowers in a whole new way by fundamentally transforming the borrower's experience.
Built on Salesforce, the world's #1 CRM, Cloud Lending Solutions is the industry's only end-to-end lending and leasing software specifically designed to digitize the entire lending process.
Cloud Lending continues to expand globally across five continents and over twenty-three countries.
Fintech Australia Podcast #68 Dexter Cousins is joined by Martin McCann CEO and Co-Founder of Trade Ledger.
Trade Ledger isthe world’s first open digital banking platform that gives banks the ability to assess business lending risk in real-time. Tune in as Dexter and Martin discuss the Fintech landscape and how Trade Ledger has evolved since launching four years ago.
As an avid technologist, business leader, investor, academic researcher, and public speaker Martin is passionate about the digitisation of business.
Prior to founding Trade Ledger, he accrued 20 years’ experience creating, growing, mentoring, and investing in innovative global technology companies worldwide. He has been CEO of Global Innovation Ventures, GM of SAP's Cloud Solutions Division overseeing a period of extraordinary growth, and CEO and Research Director of software consultancy, Inn-vision.
Founded by Dexter Cousins in 2016, Tier One People is on a mission to help Australia become the world leader in Fintech innovation.
Tier One People helps companies like Revolut, TrueLayer and 10x build founding teams for launch in Australia.
And series A+ / ASX Listed Aussie Fintech like Lendi, Afterpay and 86 400 hire executive talent capable of delivering growth and scale. If you are building a world-class Fintech venture and need help in hiring tier-one people contact us
Steve Weston, Volt Bank 2.0
Dexter Cousins is joined by Steve Weston CEO and Co-Founder of Volt Bank.
It's been a wild ride for Volt, as it has every neo bank! Volt has carved the path for a banking revolution as Australia's first new bank of the millennia and the first 'Neo bank' to be granted a full banking license in Australia.
Tune in for a candid chat with Steve where we talk about the challenges of making the Neo Bank model work. Expect to see Volt hit the market with new consumer products in early 2021 and the Beta savings product is in the market now.
The world has changed and the future of banking is uncertain. Steve shares the Volt 2.0 strategy which sees them partner with Microsoft to provide banking as a service to any business wishing to sell financial products.
It's a strategy that will help Volt scale globally and at an exponential rate.
Impressive partnerships with Salesforce and Paypal in place give Volt bank the opportunity to strike (excuse the pun, totally intended.)
Go to https://www.voltbank.com.au/
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