542. News: Is Open Banking significantly eroding the dominance of card?

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542. News: Is Open Banking significantly eroding the dominance of card?

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Ross Gallagher and Sarah Kocianski are joined by some great guests to talk about some of the most interesting stories of the last 7 days, including: Visa acquiring Tink, The FCA banning Binance, and A Federal Reserve official warning that CBDCs could be an “embarrassing fad”and compares them to MC Hammer’s trousers. All of this and much more on today's episode!

Our expert hosts, Ross Gallagher 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:

  • Gabriel le Roux, Co-founder of Primer.io
  • Joakim Sjöblom, Co-founder and CEO of Minna Technologies

Soundbites:

  • Oliver Prill, CEO Tide

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

  • Visa to buy Swedish fintech Tink for $2.2 billion 3:51
  • Nordic mobile wallets Vipps, MobilePay and Pivo to merge 15:20
  • Tide prepares to enter India with a 5 year strategy 27:04
  • Financial watchdog bans crypto exchange Binance from UK 41:45
  • Mastercard and Ant back effort to get a billion people to take green action 49:52
  • Killer Mike's bank has to postpone its launch again to catch up to high customer demand 51:33
  • SoftBank shrinks robotics business, stops Pepper production 53:10
  • Fed official warns CBDCs could be an “embarrassing fad”and compares them to MC Hammer’s trousers 54:32

This episode is sponsored by Temenos. Temenos is the world’s leader in banking software, helping over 3,000 banks serve over 1.2 billion people. Our purpose is to make banking better. Together with our community, we make banks more successful, individuals better banked, and society better served. With our software banks can create more human digital experiences, hyper-efficient business models, and transform their back-office. Our clients are the highest performing banks with cost-income ratios which are twice better than the industry average.
Learn more at Temenos.com.

This episode is brought to you by Visa. one of the world’s leaders in digital payments. Visa’s Fintech Fast Track program is a quick and easy way to connect to the Visa network and issue payment credentials. Whether you’re an up and coming neobank, modernizing B2B payments, or launching a new crypto solution - amazing things can happen when your innovation is combined with the power of one of the world's largest payment networks. Learn more about the possibilities at http://partner.visa.com/.

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.

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Special Guests: Gabriel le Roux, Joakim Sjöblom, and Oliver Prill.

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