425. News: RBS close Bó - Why is building a new bank so hard?

56min listen

425. News: RBS close Bó - Why is building a new bank so hard?

Simon Taylor and Sarah Kocianski are joined by some great guests to talk about some of the most interesting stories of the last 7 days, including: RBS closes Bó, big banks book $50bn against bad loans in the wake of corona, and a round-up of the more international stories of the week.

Our expert hosts, Simon Taylor and Sarah Kocianski, are joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week. This week's guests include:

  • Bailey Kursar - CEO and founder of Toucan
  • James Butland - VP of Global Banking at Airwallex
  • Matt Sattler - Head of Data and Innovation Labs at HSBC

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

  • RBS closes their digital challenger, Bó (02:41)
  • Banks to book more than $50bn against bad loans (17:59)
  • Robinhood raises $280M in Series F funding, pushing its valuation to $8.3B (32:29)
  • Visa and Safaricom partner on M-Pesa (42:19). To find out more, we also hear from Otto Williams, Vice President and Head of Strategic Partnerships, Fintechs and Ventures for Visa in CEMEA.
  • Louisiana cops search for 'aggressive chicken' breaking social distancing & terrorizing bank patrons (53:15)

The stories we didn't have time to cover are:

  • Tencent buys stake in AfterPay (50:44)
  • Revolut launches licenced bank in Lithuania (51:30)
  • SCA Deadline extended by 6 months (51:53)
  • COVID-19 is impacting consumer payment preferences (52:29)

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The COVID-19 pandemic has created an immediate financial and operational crisis, permanently reshaping the financial services industry. This change must be swift and unavoidable - check out our research report to find out more: Info.11fs.com/covid19

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 into 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: Bailey Kursar, James Butland, Matt Sattler, and Otto Williams.