Fintech Insider Podcast by 11:FS
11:FS
9 episodes
1112. News: Plum gets targeted support green light, Chargebacks911 protects AI purchases, and Mastercard teams with MrBeast
- Plum becomes one of the first FCA-authorized firms for targeted support, which could reach 23m underserved UK adults.
- Chargebacks911 launches indemnification for AI-agent purchases, absorbing dispute liability so merchants and banks accept agent transactions.
2 Nov · 54 min
1111. Insights: Make a wish! What would you wish to change about Financial Services?
- Ross Gallagher of 11:FS wishes banks were rewarded for helping customers build better financial futures, arguing their business models can be misaligned with customer outcomes.
- Benjamin Ensor warns that organised crime is using AI for scams and impersonation, with large companies and banks tricked out of millions of euros.
29 Oct · 45 min
1110. News: Acorns targets Gen Z, Huntington teams up with Google Cloud, and Confide tackles agentic governance
- Acorns acquires Fritch, a Gen Z social finance platform founded in 2021 with 1.6m young adults in its community, and plans to shut it down.
- Bittner sees the Fritch deal as a growth play to acquire customers earlier, while Gill suggests the real value may be Fritch's user data.
26 Oct · 56 min
798. News: JP Morgan's former fintech lead launches TodayPay and Airwallex target LATAM
- Former JP Morgan fintech corporate development lead Jeremy Balkin launches TodayPay, a refunds-as-a-service platform for marketplaces, merchants, insurers and logistics providers.
- Airwallex agrees to acquire Mexpargo, founded in 2014, to gain Mexican licenses and access to SPEI, subject to regulatory approval, with Ravi Adusumili calling it a path to becoming the number one payments platform for modern businesses going global.
30 Oct 2023 · 1 h 5 min
789. Insights: The Six Characteristics of Digital Commercial Banking
- Valentina Kristensen of OakNorth says about 83% of businesses bank with one of the big five banks, yet incumbents still offer slow account opening and disjointed service.
- Kristensen argues businesses with roughly $12m to $100m in revenue fall into a gap, and banks should map each customer's jobs to be done rather than offer a product menu.
6 Oct 2023 · 52 min
731. Focus: International expansion and the importance of local, with Pranav Sood, GM, EMEA at Airwallex
- Pranav Sood, GM for EMEA at Airwallex, argues that Asia's diversity forces the company to treat EMEA as distinct local markets like the UK, Israel and the Netherlands rather than one region.
- Airwallex has passed $200m in annualized revenue and processes roughly $50bn in annualized volume across about 1,300 staff in 19 offices.
26 Apr 2023 · 36 min
409. News: Banks react as coronavirus impacts global financial markets
- Banks including RBS, NatWest and Lloyds have rolled out coronavirus relief, with NatWest opening a £5bn fund for small businesses and RBS offering a three-month mortgage holiday.
- Reserve Bank of India took control of Yes Bank, imposed a $630 withdrawal limit and arrested cofounder Rana Kapoor over alleged money laundering, leaving customers queuing from 8AM.
16 Mar 2020 · 59 min
374. Insights: The importance of cashflow for SMEs - Live at Xerocon
- Xero and TransferWise launched Pay with TransferWise, a domestic UK bill payment feature built into Xero's bill pay process, which Xero says handles about 7m UK bills a month.
- iwoca's £10m from RBS's remedies fund and Xero's push to embed working capital show Xero is moving into SME lending through its platform and 800-plus apps.
15 Nov 2019 · 51 min
Ep. 272. Insights: Live! From Xerocon 2018
- Fluidly raises £5m in a round led by a US venture firm, with CEO Caroline Plumb saying the money goes into product, engineering and data science.
- Gary Turner says Xero has no plans to become a bank but is watching banking innovation, pointing to its bank feeds API and integrations with Revolut, TransferWise, Tide and Starling.
23 Nov 2018 · 1 h 42 min