Fintech Insider Podcast by 11:FS
00:30:31 · Pranav Sood, Benjamin Ensor
[00:30:31] S3: Look. We are working extremely hard behind the scenes to do a whole bunch of things in in parallel. Of course, we're continuing to invest in building up our infrastructure. We are very focused on Latin America as a as a region, there will be other markets that we're able to announce exciting things in soon. We're also very focused on The Middle East, as I've mentioned. And I now actually have an office and and a team in Tel Aviv, and and we're looking around that region as well. And also in Southeast Asia, where we already have a pretty strong business and presence, but there are a number of markets where we feel that we need to invest more in. So that's certainly one aspect. We are continuing to extend and expand our product offering outside of just cross border payments. So now offering some exciting things I'm probably not allowed to to disclose on this podcast, but will be very, very soon. And then, you know, the main job is just making sure that we focus on our customers. And, you know, the last few months, we've been able to announce some really exciting new partnerships that we're that we're launching, so powering the likes of Brex and and others as they expand around the world. And, I'm I'm very happy to say there's lots more of that to come. So hopefully, much more good news to share soon. [00:31:31] S0: Well, fantastic. Congratulations again to you and all of your colleagues. Okay. We're just gonna take a quick pause here, and we will be back very shortly.
00:31:31 · Benjamin Ensor, S1, S5
[00:31:31] S0: Well, fantastic. Congratulations again to you and all of your colleagues. Okay. We're just gonna take a quick pause here, and we will be back very shortly. [00:31:43] S1: Launching innovative payment products is only the beginning. Real progress comes from what happens next. Paymentology fuels continuous compounding momentum as a cloud native issuer processor, helping banks and fintechs grow beyond go live with global reach, local know how, and the power of its Loom platform. Powered by more than 500 paymentologists across 68 countries, they make card programs work naturally across markets. Want to keep the momentum going? Head to paymentology.com. [00:32:16] S5: This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome, that's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50 page restoration block or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses, setup required, compatibility, and availability varies 18 plus.
00:32:16 · S5, S6
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00:33:14 · Benjamin Ensor
[00:33:14] S0: Welcome back. Before we get into the second half of the news, a quick note to go and check out our most recent FinTech Insider Insight Show. Our chief executive, David Embria, is joined by ElevenFS's deputy chief executive, Jason Bates, to discuss the concept of fast following. They unpick what they mean by a fast follower and how, when, and why it's an appropriate strategy, but also when it's not. Is it always a bad thing? How can you get it right? What pitfalls to avoid getting it wrong, and what is the impact on the end customer? Listen to our latest Fintech Insider Insights and find out. So go check out that episode in our podcast feed. It should be the one just below this. Let's get back into the news. So Money twenty twenty has announced the launch of Twentyfold. This was announced at its own event in Las Vegas last week. Money twenty twenty is planning to launch a new platform to connect fintech professionals with investment and partnership opportunities. Twentyfold will be available to all Money twenty twenty customers with plans to roll out commercially to the rest of the industry. The platform believes its powerful discovery engine will enable more valuable connections more easily and improve the deal making workflow. It also boasts its own AI chatbot, aptly named Fin, to provide real time support to users. When the app launches in January 2024, over 80,000 fintechs will be listed and profiled. Maybe I'll come to you, Jeremy, first as someone launching a new FinTech. Is something like this needed? Do people need an app to connect better within the FinTech industry? What do you think?
00:34:47 · Jeremy Balkin
[00:34:47] S4: Well, so having just been at twenty twenty in Las Vegas, I will say that what separated this year from probably the previous ten years that I've been there is how the ecosystem, the conference, the community has evolved into not only launching this, but some other, I think really value added differentiators with the Money twenty twenty community, aligning the disruptors with the incumbents, the investors, the banks, all the different pieces of the ecosystem. I think this is much needed. I think different communities do things differently. I would say that this has been the missing piece for Money twenty twenty in many ways. They also announced a startup network where they handpicked five or six companies that they sort of have selected as sort of changing the various verticals within FinTech and payments. Today, And they happen to be one of them by coincidence. But I think it just shows how innovative Scarlett and Zach and the whole team have been to recognize the power of community, and they were really the first. And so what new evolution of that interaction can the conference not just be like three days of the year, it can live on for three sixty five days in a medium, whether it's through the app, through the chatbot, through the AI, through the connectivity to make this a living, breathing solution that adds value to all aspects of ecosystem, I think makes a ton of sense. And I'm glad that they're launching that sooner rather than later before somebody else does.
00:36:20 · Benjamin Ensor, Pranav Sood
[00:36:20] S0: So obviously it's good for money 2020, otherwise they wouldn't be doing it. I suppose the question is, is it good for everybody else? You're obviously a fan. Pranav, what do you think? [00:36:30] S3: I don't know. I mean, I feel like there are so many of these sorts of things where people pull together lists of of companies of various sorts and, connect, you know, connect the dots or offer to connect the dots between them. I think what Money twenty twenty have done over the last few years is incredible. I wasn't at LA this... Vegas this year, excuse me, but I was in in Amsterdam, and and we had, you know, big presence at both. But I also... I feel like I've got a little bit of fatigue of people wanting to connect people in fintech. So so sorry if I'm being the, the naysayer. [00:37:04] S0: Well, let's see where where where Kate is.