In this episode of Deciphered, Adam Davis, expert associate partner at Bain & Company and Jeff Tijssen, partner and global head of Fintech, Bain & Company are joined by an all-Bain lineup, Karim Ahmad, expert partner, Mike Smith, expert partner, and Tevia Segovia, partner to discuss what will be the top Fintech trends of 2025.

Timestamps:

• 03:13 Looking Ahead: What Are the Top Trends for Fintech in 2025
• 09:42 Has a stable environment materialised over the last year?
• 14:19 Fintech investment
• 15:46 Impact of the election on private markets
• 18:28 What excites you in the FS ecosystem in 2025?
• 20:47 What's caught your eye in the world of payments?
• 24:05 PSD regulations
• 27:11 Stripe & becoming processor agnostic
• 29:39 How will stablecoins affect the market in 2025?
• 31:18 Is Klarna's IPO valuation vindication for the BNPL model?
• 33:17 How will the election affect fintech & FS endeavours going into 2025?
• 34:49 Pre-election crypto promises
• 38:32 Growth in valuations for tier 1 players
• 42:26 AI use case break throughs
• 44:32 How can digital banks stand out to investors in 2025?
• 47:43 FS predictions for 2025

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• You can find Adam Davis here
• You can find Jeff Tijssen here
• You can find Mike Smith here
• You can find Tevia Segovia here
• You can find Karim Ahmad here

For more insights from the Deciphered podcast, visit the page on Bain’s website

In this episode of Deciphered, Jeff Tijssen, partner and global head of Fintech, Bain & Company, is joined by Kelvin Tan, chief executive officer, Audax and Rishi Sethi, head of Fintech, Torch Partners to discuss Fintech investment trends in Asia.

Timestamps:

• 03:30 Why is Asia such an exciting Fintech market?
• 07:13 Upcoming Fintech trends
• 11:57 What does the current Fintech investment landscape look like in Asia?
• 17:18 How has the Fintech ecosystem in Asia evolved in recent years?
• 20:50 What challenges do Asian Fintechs face looking to expand across the region?
• 24:24 How will the Asian FinTech landscape evolve over the next 2-3 years?
• 27:08 How can the region attract more investments?
• 29:32 How can the government create an environment for Fintechs to thrive?
• 33:23 Advice for aspiring entrepreneurs building in Asia

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• You can find Jeff Tijssen here
• You can find Kelvin Tan here
• You can find Rishi Sethi here

For more insights from the Deciphered podcast, visit the page on Bain’s website

In this episode of Deciphered, host Jeff Tijssen, partner and global head of Fintech, Bain & Company, is joined by Mike Cashman, partner at Bain & Company, Nik Milanović, founder of This Week in Fintech and general partner at The Fintech Fund and Clara Jackson, director of investments at TA Associates, to discuss if we're about to witness the great Fintech rebound.

Timestamps:

• 04:36 From Turbulence to Triumph: Are We About to Witness the Great Fintech Rebound?
• 06:24 Are there any changes to how Fintech companies are being evaluated for investments?
• 08:01 How have growth investors and private equity firms been looking at the industry?
• 09:04 Early stage venture capital
• 11:02 Fintech funding in 2024
• 12:50 What's giving companies confidence in pushing for IPOs?
• 15:52 Interesting sub sectors in the current market
• 20:28 What makes a great Fintech company to invest in?
• 24:30 Are there any particular countries where Fintech is flourishing?
• 26:25 Outlook for 2025
• 30:34 One piece of advice for investors

Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show!

• You can find Jeff Tijssen here
• You can find Mike Cashman here
• You can find Nik Milanović here
• You can find Clara Jackson here

For more insights from the Deciphered podcast, visit the page on Bain’s website

In this episode of Deciphered, Adam Davis, expert associate partner at Bain & Company, is joined by Chris Kuiper, Director of Research at Fidelity Digital Assets, Edward Woodford, CEO at Zero Hash and Jeremy Fox-Geen, CFO at Circle to discuss whether crypto has crossed the institutional and consumer chasm.

Timestamps:

• 06:22 Has crypto crossed the institutional and consumer chasm?
• 09:41 What's underpinned this crypto bull run over the last 12 months?
• 12:56 How do Bitcoin ETFs differ from other ETFs?
• 15:11 Regulatory hurdles with Bitcoin ETFs
• 17:21 Is there a correlation between user adoption and ETF approvals?
• 18:57 Bitcoin: Will the use cases grow, or is it just a store of value?
• 23:16 Which other crypto assets could go through this regulatory process in the near future?
• 25:23 The future of stablecoins
• 32:52 What are the blockers stopping widescale adoption of stablecoins?
• 42:59 How has crypto influenced global culture and society?
• 48:37 What role will crypto play in Financial Services once it has fully matured?

Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show!

• You can find Adam Davis here
• You can find Chris Kuiper here
• You can find Edward Woodford here
• You can find Jeremy Fox-Geen here

For more insights from the Deciphered podcast, visit the page on Bain’s website

In this episode of Deciphered, recorded live from Money20/20 Europe, host Adam Davis, Bain associate partner, is joined by Jeff Tijssen, Bain partner and global head of fintech, Ronit Ghose, Citi Future of Finance global head of banks research and cohead of fintech and Anthony Craufurd, Visa Europe director of ventures and startup engagement, to discuss which transformative technologies will shape the future of Fintech.

Timestamps:

• 04:46 Betting on Fintech: Which transformative technologies will shape the future?
• 09:48 Practical applications of new technologies in financial services
• 13:50 How is the research at Citi translated into investment and product decisions?
• 16:12 Dividing up ventures from a tech perspective
• 18:09 Integrating investments back and driving revenue
• 19:22 Overhyped technologies
• 22:59 Proof points when looking at companies pioneering new technologies
• 24:58 Money 2020 takeaways

Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show!

• You can find Adam Davis here
• You can find Jeff Tijssen here
• You can find Ronit Ghose here
• You can find Anthony Craufurd here

For more insights from the Deciphered podcast, visit the page on Bain’s website

In this episode of Deciphered, Adam Davis, expert associate partner at Bain & Company, is joined by Erin McCune, expert partner at Bain & Company, Ed McLaughlin, President and Chief Technology Officer at MasterCard, Sladjana Jovanovic, Chief Information Officer for the Canadian Personal Business Banking at BMO Financial Group, and Daragh Morrissey, director of AI at Microsoft Worldwide Financial Services, to discuss if the world is ready for AI and quantum's impact on payments.

Timestamps:

• 06:06 AI and Quantum: Is the World Ready for the Impact on Payments?
• 12:19 Based on Bain's surveys on AI, are those expectations realistic? And what timeframe are we looking at?
• 15:29 How will AI transform our experience with payments?
• 18:32 How is Mastercard implementing AI to meet future expectations?
• 21:05 How does the growth and maturation of accountability change as AI models develop?
• 26:27 What are the most interesting use cases of AI?
• 31:48 Quantum computing: What is it? And how will it impact us?
• 37:01 How will quantum computing impact fraud?
• 40:46 Who will be the biggest benefactors of quantum?
• 45:36 How have partnerships effected POCs & go-to-market solutions?

Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show!

• You can find Adam Davis here
• You can find Erin McCune here
• You can find Ed McLaughlin here
• You can find Sladjana Jovanovic here
• You can find Daragh Morrissey here

For more insights from the Deciphered podcast, visit the page on Bain’s website

In this episode of Deciphered, Adam Davis, expert associate partner at Bain & Company, is joined by Wendy Redshaw, Chief Digital Information Officer at NatWest, and Jason Maude, chief technology advocate of Starling Bank, to discuss if there is still a technology gap between incumbents vs challengers.

Timestamps:

• 04:15 Incumbents vs Challengers – is there still a technology gap?
• 05:24 How would you explain the technology gap previously between large tier 1s and neobanks?
• 09:57 What are the key differences between a challenger stack and an incumbent stack?
• 12:31 How have Starling maintained a simple / flexible architecture through the launch of new products and the scaling of your customer base?
• 15:24 Occasional vs repeatable releases
• 16:02 Centralisation efforts that have happened with NatWest’s tech estate over recent times
• 19:36 Is the money banks spend on IT transformation programmes worth it?
• 21:33 Do you believe the combination of ML / AI and Generative AI, alongside exclusive Cloud deployment, will level the playing field?
• 25:15 What underpins the culture you want to see at your organizations, and how do you encourage it?
• 29:57 How do you keep up with Futurology and trends, and does any of that thinking feature in your tech roadmaps?
• 34:30 What is your one prediction for tech trends into 2024?

Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show!

• You can find Adam Davis here
• You can find Wendy Redshaw here
• You can find Jason Maude here

For more insights from the Deciphered podcast, visit the page on Bain’s website

In this episode of Deciphered, Adam Davis, expert associate partner at Bain & Company, is joined by Erin McCune, expert partner at Bain & Company, Manish Kohli, head of global payments solutions at HSBC, and Thierry Chilosi, chief strategy officer at Swift, to discuss what’s at stake in the world of Wholesale Payments.

Timestamps:

• 00:00 Introduction
• 04:07 What’s at stake in the world of Wholesale Payments?
• 08:06 Why are wholesale payments so important?
• 10:05 From the FI's perspective, what are the profit pools and ways of making money within wholesale payments?
• 14:51 How have wholesale payments changed in the last 10 years? What's driving innovation?
• 23:39 Will real-time payment networks lower the barrier to entry for new payment products?
• 29:00 What are the effects on working capital and liquidity with real-time infrastructures working 24/7?
• 33:48 Swift's modernisation journey - from telex to the new XML standards
• 36:57 How will Swift's new collaborations with Visa and Wise serve businesses and banks going forward?
• 38:38 What makes a successful partnership in the fintech space?
• 42:19 What will the wholesale payments industry look like in 15 years?

You can read more about Bain’s POV on Wholesale Payments in the recently published brief: The Fragmentation of Wholesale Payments Calls for Banks to Remake Their Approach

Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show!

• You can find Adam Davis here
• You can find Erin McCune here
• You can find Manish Kohli here
• You can find Thierry Chilosi here

For more insights from the Deciphered podcast, visit the page on Bain’s website

In this episode of Deciphered, Adam Davis, Associate Partner at Bain & Co, is joined by Aman Narain, Global Head of Platforms and Embedded Banking, HSBC, to discuss the topic of embedded finance.

Timestamps:

• 00:00 Introduction
• 02:42 Embedded finance use cases
• 05:08 Maturity of integrated, insightful & instant in embedded finance
• 06:09 Integrated definition & use cases
• 07:06 Building a proposition inside HSBC
• 10:14 Biggest business challenges in embedded finance
• 11:38 Who will disrupt embedded finance in the future?
• 13:56 Embedded finance sales plays for non-FIs
• 16:05 Working capital
• 17:47 Is gen AI overhyped?
• 19:04 Given $10M to start a fintech - what would you do?
• 19:40 Advice to your younger self about banking and the FS industry

Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show!

• You can find Adam Davis here
• You can find Aman Narain here

For more insights from the Deciphered podcast, visit the page on Bain’s website

In this episode of Deciphered, Adam Davis, Associate Partner at Bain & Co, is joined by Jeff Tijssen, Expert Partner and Global Head of FinTech, Bain & Co, Christina Riechers, General Manager, Square Banking and Richard Davies, Chief Executive Officer, Allica Bank, to discuss SMB: Is there still a growth opportunity, or are they now over-served?

Timestamps:

• 00:00 Introduction
• 07:37 SMB: Still a growth opportunity, or now over-served?
• 12:52 Strategy of Square banking & what is your remit?
• 15:27 Differentiating Square banking & gaining autonomy
• 17:40 Success factors at Allica Bank
• 19:33 Have SMB margins held for providers through the cost of living crisis/rising interest rates?
• 23:52 How much share should fintechs take from incumbent FIs and banks?
• 27:46 How hard is it to capture ongoing SMB engagement without a full integrated banking offering?
• 29:53 What new products are Square and Allica Bank looking to provide?
• 34:15 Jobs for small businesses: What are they, and how are they effected by technology?
• 39:55 What are the differences in serving increasingly larger businesses, and how do jobs change with this?
• 44:47 Should we expect consolidation in facets of SMB? And who's competitive in the space?

Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show!

• You can find Adam Davis here
• You can find Jeff Tijssen here
• You can find Christina Riechers here
• You can find Richard Davies here

For more insights from the Deciphered podcast, visit the page on Bain’s website