469. News: Who isn't launching a checking account?

1h listen

469. News: Who isn't launching a checking account?

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: Crowdcube and Seedrs' merge, the FCA’s new sandbox dedicated to overcoming coronavirus challenges, and Venmo launches a credit card, as Credit Karma launches a checking account.

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:

  • Maia Bittner - Voice of the Member, Chime
  • Oscar Williams-Grut - Senior City Correspondent, Yahoo Finance

We also hear soudbites from:

  • Jeff Kelisky - CEO, Seedrs and Luke Lang - Co-founder, Crowdcube
  • Francesca Hopwood-Road - Head of Regtech and Advanced Analytics, FCA
  • Marcell King - Chief Innovation Officer, Payveris

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

  • Crowdcube and Seedrs to merge: their CEOs say the move is about growth not survival
  • FCA sets coronavirus challenge for new sandbox applicants
  • Venmo launches its first credit card with scannable QR code and personalised cash-back rewards
  • Goldman Sachs reportedly just landed General Motors’ credit card business for roughly $2.5 billion
  • With its new checking account, Credit Karma wants to get into your wallet
  • John McAfee arrested after DOJ indicts crypto millionaire for tax evasion

This podcast is brought to you by Jack Henry Digital the pioneer and creator of personal digital banking that helps community financial institutions strategically differentiate their digital offerings from those of MegaBanks, BigTechs and FinTechs.
This podcast is also brought to you by Mitek (NASDAQ: MITK). Mitek is a global leader in mobile capture and digital identity verification solutions built on the latest advancements in computer vision, artificial intelligence and machine learning. Mitek’s identity verification solutions enable an enterprise to verify a user’s identity during a digital transaction, which assists businesses operating in highly regulated markets to reduce financial risk and meet regulatory requirements while increasing revenue from digital channels. Financial services, marketplaces and other organizations around the world use Mitek to reduce friction creating the digital experiences their customers expect. Mobile Deposit® and Mobile Verify® are used by millions of consumers for check deposit, new account opening and more. The company is based in San Diego with offices in New York, London, Amsterdam, Barcelona, Paris and St Petersburg. Learn more at www.miteksystems.com.

Banking as a Service is deconstructing the banking stack.
It's enabling brands to embed finance more easily, and to tailor financial products to specific customer needs.
This is presenting new opportunities for specialised providers and offers banks extra revenue streams.
Download our report for a comprehensive, no BS view of what Banking as a Service is and what it means for the industry.

Head to bit.ly/bankingasaservice.

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 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.

If you enjoyed this episode, don't forget to subscribe and please leave a review

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

Special Guests: Francesca Hopwood Road, Jeff Kelisky , Maia Bittner, Marcell King , and Oscar Williams-Grut.