The MoneyPot

What if banks could cater to your entire family's needs with the same precision and care they offer individual clients? This episode of The MoneyPot promises to reveal just that as we bring you an enlightening conversation with Eyal Gilad from Amdocs. Discover how Amdocs, originally rooted in telecommunications, has made a groundbreaking leap into financial services, with a new focus on family banking. Eyal shares the secrets behind their success, including leveraging their cutting-edge charging capabilities to revolutionize customer segmentation and create personalized banking experiences for multi-generational households. You'll learn how these innovative strategies are not only breaking traditional banking barriers but also significantly enhancing customer loyalty.

In this packed episode, we also broaden our horizon to explore the latest trends and challenges in the banking industry. We'll delve into financial literacy initiatives and certification processes that different banks are implementing across the globe, from Canada and Europe to the Philippines. Our guest, Eyal, sheds light on exciting projects and the cultural and regulatory hurdles they face. Plus, get an insider's view on how Amdocs is investing in no-code and low-code solutions to empower business departments to swiftly launch new products, bypassing the heavy reliance on IT. We wrap up by discussing the integration of legacy technology with modern solutions to boost efficiency and drive innovation in the banking sector. This is a must-listen episode for anyone interested in the future of family banking and beyond!

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In this episode, we dive into the alarming rise of digital identity fraud, which cost the UK finance industry over £1.2 billion in 2022 alone. Our guest, Laura Barrowcliff, Global Head of GBG Trust at GBG, a leading expert in digital identity, shares her insights on how cross-sector collaboration and shared consumer intelligence can transform customer due diligence and help financial organizations fight back against fraudsters.

Laura dispels the misconception that data sharing erodes competitive edge or breaches privacy regulations, explaining the difference between sharing data and sharing intelligence. She discusses GBG Trust Network, a unique data network that combines over 100 million data attributes contributed by a consortium of over 550 businesses across 25 sectors and 80 countries, while ensuring complete data privacy.

Discover how GBG Trust Network's global intelligence footprint and local expertise enable businesses to securely leverage powerful cross-sector consumer insights to detect fraud, onboard more good customers, and pre-empt crime before it happens. Laura also shares her perspective on getting ahead of regulation and influencing policy through action, setting the pace and creating a framework that works for the industry.

Whether you're in the finance industry or any other sector grappling with identity fraud, this episode offers invaluable insights on the power of cross-sector collaboration and shared intelligence in combating this pervasive threat.

The MoneyPot is our podcast from Money20/20.   Ian Horne & Rachel Morrissey Co-host

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Discover the remarkable story of survival and growth in the ever-evolving world of fintech. In this compelling episode of The Money Pot, we sit down with Philippe Morel, the CEO of Railsr, who shares his firsthand experience of steering the company through turbulent waters. You'll learn how the fintech powerhouse bounced back from the brink of collapse, navigating regulatory pressures and funding challenges, to secure new investment and maintain market confidence. Gain insights into the critical decisions and strategic moves that ensured their survival and set the stage for future expansion.

Join hosts Ian Horne and Mickey Tesfaye live from Money 2020 in Amsterdam as they unpack the pivotal moments in Railsr's turnaround. Philippe opens up about the importance of transparent communication within the team and the indispensable role of robust technology in earning and retaining customer trust. With an insider's perspective, the discussion highlights the burgeoning field of B2B embedded finance, providing a behind-the-scenes look at how Railsr managed to maintain strong client relationships despite facing significant internal and external pressures.

As we explore the future landscape of fintech, Philippe sheds light on the transformative potential of embedded finance and the revolution it heralds for financial services. He shares strategies for managing cash burn, leveraging customer feedback, and maintaining a balance between bold aspirations and practical financial management. This episode is packed with valuable lessons for fintech professionals and business leaders alike, emphasizing the crucial role of transparency and the power of a resilient, customer-focused approach in navigating the industry's challenges. Tune in for an inspiring conversation that underscores the strength of strategic rebuilding and the importance of staying attuned to market needs.

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What if your digital identity could be as secure and under your control as your physical ID? Join us on The MoneyPot as we explore the cutting-edge world of reusable digital IDs with our esteemed guest, Aravind Narayan from the London Stock Exchange. We'll transport you back to the early days of the internet, tracing the evolution of digital identity verification from the wild west of passwords to the more sophisticated federated identities supported by tech giants like Google and Facebook. Aravind introduces the game-changing idea of reusable digital IDs, where user-controlled wallets that leverage selective disclosure and decentralization could revolutionize security and privacy. We also delve into the fascinating concept of verifiable credentials, which use blockchain technology to compile your digital claims—such as educational and employment history—into a secure, easily manageable identity.

But that's not all! We tackle the regional complexities of digital identity systems, comparing centralized models like India's Aadhaar with the privacy-centric approaches seen in Europe. Our conversation explores the cultural and governmental barriers to digital ID adoption in the UK, shedding light on the evolving role of governments and the implications these technologies might have on personal privacy and state power. Wrapping up on a lighter note, we discuss the whimsical idea of household robots taking over mundane chores, such as doing the dishes, and reflecting on the unsettling nature of certain TV shows. Don't forget to stay connected with us on your preferred podcast platforms, LinkedIn, and the Money 2020 website for more insightful discussions and updates.

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Whistleblowers and scandals. What really went on behind the scenes at Wirecard? This episode of The Money Pot, live from the Money 2020 conference in Amsterdam, features an exclusive interview with Pav Gill, the whistleblower who exposed the Wirecard fraud, and journalist Jason Mikula. Listen as we uncover the early warning signs that Pav Gill noticed, including suspicious financial practices and shady backgrounds of key personnel. The conversation takes on a surreal tone, with comparisons to infamous cases like Enron, and even elements straight out of a spy novel. Jason Mikula sheds light on the banking-as-a-service industry and the spectrum of ethical behavior within rapidly growing sectors.

We tackle the intricate dynamics of governance, fraud, and risk-taking within fintech startups. The line between aggressive business tactics and intentional fraud is often blurred, and we explore how the drive for innovation and profitability can lead to ethical compromises. We examine how venture capitalists influence board governance, the pressures on pre-profit companies to meet their KPIs, and the impact of national pride on oversight failures. The Wirecard scandal serves as a poignant example of how these factors can lead to significant fraud cases, creating a cautionary tale for the industry.

Regulatory gaps in the fintech industry present another set of challenges, particularly for companies operating outside traditional banking regulations. This environment fosters innovation but often lacks the necessary supervision to ensure consumer trust and protection. We discuss how different regulatory frameworks in Europe, such as e-money institution licenses, offer alternative oversight models. Potential solutions like creating a self-regulatory organization, similar to FINRA, are also considered. This episode offers valuable insights into the ongoing developments in fintech and highlights the importance of robust governance and regulation. Join us for this compelling discussion with Jason and Pav Gill, and stay tuned for more updates on the evolving fintech landscape.

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Unlock the secrets behind transformative investments in this episode recorded live from Money2020 Asia 2024 in Bangkok!   Join our hosts, Scarlett Sieber and Sheryl Chen,  as we chat with Dennis Pratistha, the Chief Investment Officer at Mandiri Capital Indonesia (MCI), who takes us through MCI's captivating journey from its founding in 2015 to becoming a powerhouse in digital transformation and venture capital. Discover how MCI has innovatively merged corporate venture capital with independent venture capital, underpinned by strategic pillars like business matchmaking, business acceleration, and extensive networking. Dennis sheds light on how MCI's unique structure has fueled remarkable growth and value creation in the financial services sector.

Get ready to be inspired by MCI's approach to investing in founders who demonstrate competence, integrity, and perseverance. Dennis offers invaluable advice on the perfect timing for startups to seek investment, ideally after achieving product-market fit and revenue generation. Learn about the robust support system MCI offers through strategic introductions and business matchmaking, bolstered by their six-week business acceleration program. Additionally, dive into MCI's initiatives in the climate tech ecosystem, leveraging insights from Australia's advanced experience to drive sustainable development. This episode is a treasure trove of real-world case studies and success stories that highlight MCI's commitment to innovation and environmental sustainability.

Hosts: Scarlett Sieber, Chief Strategy & Growth Officer, Money20/20
Sheryl Chen, Head of Content, Money2020 Asia

Guest: Dennis Pratistha, Chief Investment Officer, Mandiri Capital of Indonesia

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Join me for an enlightening sit-down with Alberto Guerra, the mastermind at the helm of UniTeller, as we peel back the layers of the remittance economy. You'll be treated to a panoramic view of how these financial lifelines are not just money transfers but the very threads that weave through the fabric of families' lives across the globe. We traverse from the highlands of Nepal to the bustling cities of the Philippines, uncovering the profound impact of remittances on local economies and cultural landscapes. Whether it's financing education in Bangladesh or healthcare in Mexico, these funds are pivotal in bettering the lives of millions, making this discussion a must-listen for anyone interested in the true power of money across borders.

Fasten your seatbelts as we zoom into the future of money transfers, where technology is redefining the art of the possible in cross-border remittances. Guerra and I dissect the buzz around real-time payment solutions and the persistent allure of P2P apps in an era when sending money is as easy as a tap on your smartphone. Diving into the world of super apps, we critique their success (or lack thereof) in different global markets and debate their potential to revolutionize financial services. This episode promises not just a glimpse into the innovative business models reshaping the industry, but also spotlights the trailblazers who have adapted and thrived in this fast-paced domain.

LIVE  from The MoneyPot Booth in Money20/20 Asia

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Unlock the future of financial transactions as we sit down with Manoj Dugar from HSBC at the pulsing heart of Money 2020 in Bangkok. This episode promises a deep dive into the seismic shifts occurring within real estate payments as we navigate Singapore's bold moves to establish itself as a trailblazer in smart city development. You'll discover how the scrapping of corporate checks is just the beginning and the crucial role blockchain technology is playing in reshaping how we think about security and efficiency in property transactions.

With the construction industry perched on the cusp of a digital revolution, we examine HSBC's strategic pivot in response to Singapore's evolving market demands, under the watchful eye of the Monetary Authority of Singapore. The conversation meanders through HSBC's innovative journey from trade finance to real estate ventures, highlighting the Enbridge project's success in merging cross-border payment platforms and regulatory collaboration. Learn how HSBC's past blockchain escapades are charting a new course for future fintech solutions and what this could mean for your next property investment.

Finally, we broaden our lens to reveal how the advent of QR codes and bilateral payment corridors is revolutionizing digital transactions across Asia. Delving beyond real estate, we explore the potential for these innovations to transform sectors like healthcare and insurance, where transparency and secure digital identity verification are paramount. Tune in for an insightful forecast on how banks might harness blockchain for global data and identity portability, and how this could redefine the financial landscape. Remember to leave us a stellar review on iTunes and stay tuned for more enthralling discussions at the Money Pot.

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Embark on a financial odyssey with Sachin Sharma from audax,  uncovering the game-changing realm of Banking as a Service (BaaS).  Grasping the keys to this kingdom isn't just for the tech-savvy; it's for anyone who's ever made a digital purchase or pondered the future of banking. From audax's inception in the competitive incubator of Standard Chartered Ventures, Sachin breaks down how BaaS is weaving into the fabric of our daily online activities. Imagine leveraging branded credit card perks without leaving your favorite game—yes, it's that integrated. Sachin's storytelling demystifies the complexity and draws a clear line from the revolution of mobile banking to the bright horizon where banking meets us exactly where we are.

This episode is more than a peek behind the curtain; it's a strategic masterclass in the evolution of banking product capability. We traverse the landscape of emerging technology with examples such as the synergy between e-wallets and banking services, harmonizing with established process like KYC without causing a system overhaul. The conversation sheds light on the importance of cloud-agnostic approaches in a sector where tradition meets innovation at a crossroads. And as we wrap up with a heartfelt nod to the Money Pot community, we're not just saying goodbye—we're stoking the fires of curiosity and inviting you to add your voice to the chorus calling for financial enlightenment. So, if you're ready to understand where the future of your money is heading, this is an episode you can't afford to miss.

LIVE from The MoneyPot Booth at Money20/20 Asia

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Step into the dynamic world of Asian fintech, where diversity reigns and innovation is the currency of progress. Guided by the insights of Zennon Kapron from Kapronasia, we unravel the tapestry of financial development that stretches from the bustling business hubs of Singapore to the fast-growing economies of Thailand and the Philippines. As we dissect the transformative effects of digitization, you'll discover how the pandemic has unexpectedly turbocharged certain technologies and how this surge is reshaping the fintech landscape, offering newfound opportunities for financial inclusion and infrastructural evolution.

Prepare to have your mind opened to the complex relationship between government policies, the vital lifelines of SMEs, and the financial ecosystems that support them. With a keen eye, we observe the strategic maneuvers of traditional banking giants like DBS, as they rise to the challenge of fintech insurgents and retain dominance in arenas such as cross-border transactions. Yet, amidst the celebrations of innovation and adaptability, we confront the stark realities faced by these institutions in their quest to serve SMEs, and question the role of burgeoning digital banks in an already saturated market. Join us for a visionary exploration of Asia's fintech frontiers, where the present meets the future.

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