385. News: Does anyone trust banks anymore?

1h03 listen

David Brear and Simon Taylor are joined by some great guests to talk about some of the most interesting stories of the last 7 days, including: RBS to pay £40 million for foreign exchange rigging, WeLab raises $156 million ahead of virtual bank launch, and MasterCard launches mobile gift card ahead of Christmas. All this and much more on today's Fintech Insider News!

In the last Fintech Insider News show of the year expert hosts, David Brear and Simon Taylor, are joined by a panel of awesome guests to talk about the most notable fintech, financial services and banking news from the past week.

Making his Fintech Insider debut:

  • Bradley Riss - Chief Commercial Officer at Checkout.com.

And we also have some familiar faces returning to the show:

  • Tom Blomfield - Cheif Executive Officer at Monzo
  • Louise Hill - Co-founder & Chief Operating Officer at gohenry

We cover the following stories from the fintech and financial services space:

  • RBS to pay £40m penalty for foreign exchange rigging (02:44)
  • WeLab raises $156 million ahead of virtual bank launch (11:01)
  • OakNorth sees first loan default (19:23)
  • Incumbents and challengers hike overdraft rates (25:34)
  • Venmo and PNC feud over glitch (34:06)
  • Volt’s onboarding process begins (38:17)
  • Three more payday lenders fold (46:50)
  • Mastercard launches mobile gift card (57:12)

Love fintech? Then sign up for our newsletter, Fintech in Five. A snack-sized selection of the week's biggest stories, longer reads, soundbites and more. Just visit this link so sign up! 11fs.com/newsletter

Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. Hosted by a rotation of 11:FS experts including David Brear, Simon Taylor, Jason Bates, Leda Glyptis and Sarah Kocianski and joined by a range of brilliant guests, we cover the latest global news, bring you interviews from industry experts or take a deep dive in subject matters such as APIs, AI or digital banking.

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Follow us on Twitter: www.twitter.com/fintechinsiders where you can ask the hosts questions, alternatively email podcasts@11fs.com!

Special Guests: Bradley Riss, Louise Hill, and Tom Blomfield.