FinAi Podcast

In this latest episode of Fintech Unfiltered, the podcast from Bank Innovation and its sister accelerator INV Fintech, newly appointment Financial Data Exchange managing director Don Cardinal talks about the group’s mission to set standards for data sharing and where it’s going to focus its attention, which includes the areas of data semantics and secure authentication.

In the five years since payments company PayPal acquired Braintree, a comprehensive payment platform, it has seen a 54% YOY growth, according to Juan Benitez, general manager at Braintree. In 2019, Braintree wants to maintain that momentum but will also be undertaking three key innovation initiatives. In this latest episode of Fintech Unfiltered, Benitez explains those three areas of focus and much more.

In this latest episode of Fintech Unfiltered, Jeremy Balkin, the head of innovation at HSBC Bank USA talks to Bank Innovation about HSBC’s lofty innovation strategy for 2018, including everything from system upgrades to installing a real robot in the bank branch. Listen to Balkin talk about all this as well as HSBC’s other innovation milestones in 2018, what’s on the roadmap for 2019 as well as what the future of banking will look like, in his opinion.

JPMorgan Chase leads the U.S. in mobile banking with 32 million mobile banking users, the most for any U.S. bank. So why build Finn, an entirely new digital bank? Melissa Feldsher, managing director at JPMorgan Chase and head of Finn, discusses why (and how) the new bank was built, in this episode of Fintech Unfiltered.

In this latest episode of Fintech Unfiltered, N26 USA CEO Nicolas Kopp talks about what goes into setting up a challenger bank in the U.S., why he thinks the U.S. market is ready for a mobile-first bank and why N26 USA decided against a banking license in the U.S.A., the opposite decision it made in Europe.

Payment platform Dwolla's head of strategic projects, Jordan Lampe, talks about realtime payments in this episode of Fintech Unfiltered podcast. Lampe explains how banks can use this transactional data to tailor exiting products and services, but also create new ones based on the realtime information exchange taking place during the transaction.

This month's edition of INV Unfiltered features fintech expert Chris Skinner, who is speaking about the global impact of Chinese digital payment companies like Alipay.

Secil Watson, executive vice president and head of wholesale internet solutions at Wells Fargo, talks about the bank's API strategy, which allows Wells Fargo to serve customers in environments outside the bank walls. Opened in 2016, Wells's API gateway allows customers and partners to access bank services and data, within strictly secure parameters, naturally. This allows both Wells Fargo to offer additional services, as well as serve customers that want to access their accounts from within third-party solutions.

Many banks say, "We're really a technology company," but Green Dot is an actual tech company that bought a bank, and its banking-as-a-service philosophy proves it. On this podcast, Green Dot Chief Revenue Officer Brett Narlinger says his bank is building solutions to be embedded in apps that don't even exist yet. And Green Dot is not worried about being a "dumb pipe" -- Narlinger said the bank doesn't insist on its brand being in the forefront of all the services it provides. Green Dot has several high-profile partnerships, such as GoBank account for Uber drivers with realtime payouts, and the bank is built to deploy more such innovations. "If we weren't doing things with the icons of the [tech] industry, I'd be very nervous," Narlinger said. He also discusses how P2P's popularity may organically lead to more mobile payments volume at the point of sale.

Artificial intelligence is not just a buzzword — it is already operating in banking, even if customers don’t recognize it. From chatbots giving budgeting tips to fraud monitoring systems noticing anomalous activity on your debit card, AI is all around us in financial services, and it’s getting better and smarter. Raghu Rajah, VP of digital banking — engineering & product management at NCR’s Digital Insight unit, has been on the forefront of AI for years. He joined INV Unfiltered to tell us where he sees the industry now, and where it is headed. Rajah notes that while AI will make some jobs redundant, it will create many more new jobs, and enhance existing jobs.