Podcasts by RedCompass Labs

Jon Lloyd, Head of Customer Success – Europe at Form3, joins Mike and Julie amidst the hustle and bustle of #EBAday in Vienna to discuss an alternative approach to integrating with market infrastructures, architecting #payments platforms for obsolescence, and the readiness of banks for the #cloud transition.

This special 'bite-sized' edition of the RedCompass Labs After Hours podcast was recorded live at EBAday 2022 in Vienna. The hum of voices in the background imparts a fantastic vibe on the floor of the first in-person payments event for Europe since 2019. Enjoy!

Nick Miles, Director of Business Development at RTGS.global, joins Julie and Mike on the floor at #EBAday to talk about how bilateral atomic settlement makes settlement risk a thing of the past by enabling instantaneous #crossborder exchange of liquidity, #CBDC, and leveraging #cloud platforms to achieve the #settlement of hundreds of thousands of transactions in milliseconds.

This special ‘bite-sized’ edition of the RedCompass Labs After Hours podcast was recorded live at the RedCompass Labs’ stand at EBAday 2022 in Vienna. Enjoy the ambiance created by the multitude of in-person conversations that burbled around us at the first in-person EBAday event since 2019!

Rossana Salaris Thomas, Head of Enterprise Payments Platform EMEA at Fiserv, joins Julie and Mike on the floor at #EBAday to discuss the ideal time to implement a new payment architecture, debate whether Europe or the US is leading the way on cloud adoption, and whether banks are really ready for ISO 20022.

This special edition of the RedCompass Labs After Hours podcast was recorded live amidst the hustle and bustle of EBAday 2022 in Vienna. You will hear some background noise, which imparts the exciting vibe of the first in-person payments event for Europe since 2019. Enjoy!

“Time is the only currency you don’t have anymore!” – Julie Guetta, RedCompass Labs

This article is part of the After Hours by RedCompass Labs series.

Where the best and brightest in the financial services industry tell what they really think about payments.

Joining Julie and Mike for an After Hours chitchat is Chris Murphy, who leads Business Design for Business Transformation at Lloyds Bank in the UK, where he covers the integration of new technologies such as Google Cloud and their strategic investment in Thought Machine, a cloud-native next-generation core banking platform.

Their conversation traverses several topics, including Incumbents vs FinTechs, tackling digital transformation (spoiler: ‘digital lipstick’ is not enough!), leveraging the broader financial ecosystem and Real-Time Event-Driven processing vs Batch (hint, ‘batch is dead!’).

After a quick gallop through predictions regarding the potential futures of UK Neobanks, their discussion shifts to digital onboarding, digital identity and the future of cross-border digital authentication.

And, what about the payments architecture of the future? Following a brief conversation about legacy anchors that trap banks in the past, they move on to debate the maturity of current cloud offerings and consider the operating discipline needed to make cloud services a viable foundation for the Future of Payments.

Interested in contributing to our ongoing discussion? Feel free to air your comments on our RedCompass Labs LinkedIn page.

Mike and Julie are back and on fire!

In this episode, they talk about the future of payments, focusing on cross-border payments and all the changes happening in this arena.

They touch base on the key ingredients to deliver a more efficient, convenient, and inclusive cross-border payments experience, using SWIFT GPI,  blockchain, or Mojaloop’s open-source platform.

But, of course, it wouldn’t be a proper After Hours chat, or even a real Mike and Julie discussion, if they didn't go off topic – with open banking, open finance, pocket money, and liquidity management also on the agenda!

Spoiler alert: A lot of announcements are made in this podcast, so please sit back and enjoy. And feel free to step into the discussion by commenting below.

In the past, we discussed the challenges of accessing financial products that truly meet the customer's need in a safe manner with Elisa, and also with Paula and Lesley-Ann. Close to one-third of adults are still unbanked. About half of the unbanked are the women of poor households in rural areas. For International Women's Day, we wanted to discuss this reality, how it hinders the empowerment of Women and how we can improve this situation.

In this episode of After Hours by RedCompass Labs, Mike Truter and Julie Guetta talk about financial inclusion, financial literacy, the true cost of cross-border payments, and how payments and mobility are critical to increasing economic and social inclusion for women.

Our special guests for this episode are:

In a world where cash remains king, access to critical financial tools remains a problem that's far from being resolved. How we progress in the journey towards digital money and reduced cash usage is one of the crucial questions we should ask ourselves to start addressing this issue. Unfortunately, for a multitude of reasons, prominent actors in financial services continue not to reach the underserved. So, what can be done to lower the costs and barriers to deploying financial underpinnings?

In this episode of After Hours by RedCompass Labs, Paula Hunter and Lesley-Ann Vaughan talk about why financial inclusion remains an unfinished project, how digital financial services are having a radical impact on the lives of many chronically underserved groups, and the reasons to stay optimistic about the emerging digital economy. Paula is the Executive Director and Lesley-Ann is responsible for Product Strategy at Mojaloop Foundation, the open-source software for financial services companies, government regulators, and others taking on the challenges of interoperability and financial inclusion.

The International Labour Organisation says there are 40 million people trafficked every year. The proceeds of this traffic need laundering through the financial system. If you're new to such financial crime-related stats, you'd be forgiven for thinking the world has gone slightly mad. Aren't banks investing billions in detecting financial crime within their payment flows? And what is the actual impact of regulations such as the US Anti-Money Laundering Act of 2020 and the 6th Anti-Money Laundering Directive in Europe?

Will it become commonplace to see payments as an embedded feature inside a holistic experience? Many insiders seem to think so. It’s even said that banks have no option but to respond to people’s demand for further choice, freedom and lower prices. But what exactly can be done to address the ever-changing needs of the customer? What user-friendly banking solutions are there to tackle problems that SMEs face daily?

In this episode of After Hours by RedCompass Labs, Mark Hartley, talks about the transformational power of embedded finance. He also explains how putting business customers first is the only way ahead for banks to remain relevant and why no conversation is complete without discussing the importance of purpose, values and principles. Mark is the CEO and Founder of the Anglo-Dutch Fintech BankiFi.

With the rise of new providers leveraging disruptive technology such as the cloud, the financial services industry has changed. A monolith one-stop platform is no longer a viable option to market financial service products. The next-generation vendors have broken down the end-to-end payment processing chain, allowing banks and FinTechs to offer new innovative products in a rapid fashion. But what are the barriers for banks to migrate to the next generation platform product?

In this episode of After Hours by RedCompass Labs, Liam Leahy explains the value-added from these trailblazing platforms and how they propose and radically support a different business model. Liam is the Managing Director – Sales, EMEA & Americas of one of the UK’s leading FinTech companies: Thought Machine.