Fintech Insider by 11:FS

We’re going to talk about digital wealth management and the new models and products that are emerging in this space, and the evolution of some others. We speak to a great line up of experts to get the inside information: Adam Dodds, CEO of Freetrade Dr. Ella Rabener - CMO & Co-Founder of Scalable Capital Joe Parkin - Head of Wealth & Retail at Blackrock Kai Eggert - Chief Product Officer at Huddlestock We begin by discussing the much debated topic that is the democritization of investing. Is it ethical to let anyone invest their money? Our diverse panel had some interesting and varied answers! Next, we discuss the educational aspect within this ecosystem. Whose responsibility is it to educate? Should governments & non-profits make information more accessible? Is it the role of the digital wealth management product to offer educational support? Or should it be schools, the actual education establishment themsleves that should help people understand the value of investment? Moving on, we discuss retention. Do companies want daily interaction with the app? If so how is this done? And if not, how do you keep users interested. Many are disinterested in the idea of investing money, so how is that made more accessible? Is it the jargon at hand or the lack of understanding that often, this is a long term game? Finally, we talk business models and the future of this space. How hard is it to differentiate yourself currently in this industry? How are these models and products catering for these different demographics? And perhaps most interestingly.....what's next for the wealth management industry? All this and more on today's episode of Fintech insider. If you liked what you heard, please subscribe and leave us a review! Want to get involved in the conversation? Hit us up on @FinTechInsiders or podcasts@11fs.com This episode was written and produced by Petrit Berisha. Edited by Alex Woodhouse. Special Guests: Adam Dodds, Dr. Ella Rabener, Joe Parkin, and Kai Eggert.

Sadly David didn't get to interview will.i.am himself. But Leda Glyptis, 11:FS Chief of Staff managed to catch up with the investor (and singer) to talk about Atom Bank, AI, financial inclusion and the future of finance. This bonus episode was produced by Laura Watkins and Petrit Berisha. Edited by Michael Bailey. Special Guests: Leda Glyptis and will.i.am.

Our hosts, David M. Brear, Simon Taylor and Jason Bates are joined by two great guests, Sigridur Sigurdardottir, CEO of Asto and Ali Paterson from Fintech Finance. First up, Lloyds is 'digitising'. Britain's biggest high street lender will this week announce plans to create 8,000 jobs as part of a £3bn transformation and technology investment programme. Lloyds Banking Group will announce on Tuesday that it is cutting around 6,000 existing roles but establishing approximately 8,000 new posts, leading to a net jobs creation figure of around 2,000. The 8,000 new roles‎ are understood to focus on areas of digital expansion including in the group transformation unit, reflecting the changes taking place across the banking industry. We've got some great comments from Katherine Griffiths from the Times about the story. Marcus by Goldman Sachs is opening a new account every 35 seconds. Marcus, the online savings account from Goldman Sachs, has racked up 100,000 customers since its launch in the UK just forty days ago. Discussed on the show before, they are providing long-suffering savers with a market-beating 1.50% interest rate. Royal Bank of Scotland to launch digital bank for SMEs. Royal Bank of Scotland has become the first of the UK’s big high street lenders to open a standalone digital account, with the launch of a new business-focused current account that will be run independently of its traditional brands. The new bank, called Mettle, is designed for small business customers, and will provide a current account alongside services such as invoicing and cash flow forecasting. We also have a great interview with Alison Rose, CEO of RBS CPB to learn more. HSBC warns customers of data breach. HSBC has locked some customers out their online accounts in response to a data breach that saw unauthorised users gain access to a host of financial and personal information. In a notice to customers, which has been filed with California's Attorney General's office, the bank says: "HSBC became aware of online accounts being accessed by unauthorized users between October 4, 2018 and October 14, 2018. Among the information which may have been accessed is full names, mailing addresses, phone numbers, email addresses, dates of birth, account numbers, account types, account balances, transaction history, payee account information, and statement history. Tech Nation helping fintech play with banks. This PAS provides a guide to fintechs on the terms and approach used by many financial institutions for collaboration and commercialisation of new fintech propositions. We speak to Greg Michel from Tech Nation to find out more. And finally, Anna launches debit card that miaows. Anna, a hybrid digital assistant for SMEs, that combines an app, card and business account, is rolling out the gimmick after consulting "animal psychologist" Ellena Hinson. With 90% of small business failures attributed to cash flow problems, Anna claims that a sharp miaow emanating from its app everytime a payment is made could make users think more carefully about their spending. Hinson goes so far as to suggest small biz owners look to cats for tips on managing their finances. All this and so much more on today's episode of Fintech Insider! ​ Subscribe so you never miss an episode, leave a review on iTunes and every other podcast app. Spread the fintech love by sharing or tweeting this podcast. ​ Let us know your thoughts @FintechInsiders and join the discussion by signing up at www.fintechinsidernews.com ​ This week's episode was produced by Laura Watkins and Petrit Berisha. Edited by Alex Woodhouse. Special Guests: Ali Paterson and Sigridur Sigurdardottir.

Ben Davey is the CEO of Barclays UK Ventures, a former chancery barrister, he worked as CSO of Barclays Investment Bank and Group Head of Strategy of Barclays before taking on his current role. Simon and Ben talk about the challenges surrounding fintech startups and how banks are looking to creating strong lasting partnerships with them. They also talk about Ben's journey from the bar to the bank and whether he ever had to wear a wig and gown. We hope you enjoyed the show! Don't forget to subscribe so you never miss an episode, and follow Fintech Insider on Twitter or Facebook. If you really loved it, please leave us a review, we love reading them! This episode was produced by Laura Watkins and edited by Michael Bailey Special Guest: Ben Davey.

Our hosts, Simon Taylor and Leda Glyptis are joined by three great guests: Max Rofagha, CEO and Founder at Finimize, Husayn Kassai, CEO at Onfido and Lisa Jacobs, CSO at Funding Circle. First up, Banking services for the unbanked! Singapore-based Grab started as a taxi-booking app but is expanding into areas like parcel and food delivery and financial services. Grab's partnered with Mastercard to issue virtual and physical prepaid cards tailored to Southeast Asian consumers, with the aim of expanding use of Grab's digital wallet and helping its unbanked users transact online. The companies hope to leverage Grab's 110 million app users and Mastercard's network of 3 million merchant outlets. Customers can top up their cards using cash through agents, drivers and merchants on the GrabPay platform. Most banks will be made irrelevant by 2030-Gartner. Within 12 years time, 80% of “heritage financial firms” will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner. They will be replaced by global digital platforms, fintech companies and other nontraditional players. U.S. state banking regulators sue government to stop “fintech charters”. A body of U.S. state banking regulators on Thursday sued the Office of the Comptroller of the Currency (OCC) over its plan, to issue bank charters to online lenders and payment companies. The body, the Conference of State Bank Supervisors (CSBS), said the so-called fintech charter was unconstitutional and puts consumers and taxpayers at risk. Follows a similar suit filed by the New York Department of Financial Services (NYDFS) last month. Initiative Q: Scam, pyramid scheme or next PayPal? No one seems to have any idea if it’s a scam or not. Only detailed has come from David Gerard, author of Attack of the 50ft Blockchain. “It’s not impossible they’ll get something up … but pure ideas are near-worthless. The hard part is always execution.” Trendy challenger bank Monzo is Britain’s latest unicorn startup. Monzo secured a £85 million funding round, giving it a valuation of £1 billion, investors include Stripe, Accel Ventures, and General Catalyst. Most notably, the company has also relied on equity crowdfunding in the past and reportedly plans to raise a further £20 million from ordinary retail investors later this year. And finally, a special 50p coin will mark Brexit. A commemorative 50p coin will be issued to mark the UK's departure from the European Union (EU) next year. The coin would be made available in spring 2019 but it’s not yet known exactly what the new Brexit coins will look like. All this and so much more on today's episode of Fintech Insider! Subscribe so you never miss an episode, leave a review on iTunes and every other podcast app. Spread the fintech love by sharing or tweeting this podcast. Let us know your thoughts @FintechInsiders and join the discussion by signing up at www.fintechinsidernews.com This week's episode was produced by Laura Watkins and Petrit Berisha. Edited by Michael Bailey and written by Dhanum Nursigadoo. Special Guests: Husayn Kassai, Leda Glyptis, Lisa Jacobs, and Max Rofagha.