VNEXT (Remix)

Fintech startups frequently target and optimize single financial services. The result is that consumers face a growing choice of providers for almost everything that once was provided by a single institution.

In this context, banks have an opportunity to become “supermarkets” for financial services, integrating and streamlining complex KYC processes for a multitude of single-product startups, says Manolo Sánchez, former CEO of BBVA Compass, on this episode of Banking (Remix).

We also discuss why banks need to re-center themselves on their core purpose and what the rise of decentralized finance means for traditional financial intermediaries.

What are the indicators of success for banks as they embark on a transformation process to prepare themselves for the future? Digital finance transformation expert, Chris Skinner, explains his “litmus test” of the hallmarks for success, and failure, in this episode of Banking (Remix).

Chris also discusses how the digital era is transforming governance and accountability for financial institutions, how open banking has evolved in reality (versus the expectations) and why banks should be thinking inter-planetarily.

As consumer finance channels evolve rapidly, traditional banks risk getting left behind if they can’t execute digital transformation quickly, says Juan Miguel Guerra, Head of RappiCard, in this episode of Banking (Remix).

Juan discusses strategies that institutions can employ to speed up the pace of change, from his experience in both fintechs as well as large banks. We also discuss how distribution channels are evolving, the role of alternative data sources, how banks are being unbundled - and what it all means both for established banks and new entrants.

What makes someone use a finance app? Mainly, because it’s easy, studies show.

In this episode of Banking (Remix), Greynier Fuentes, VP of Digital Solutions at Veritran unpacks what that means – and how banks can make their apps convenient and intuitive.

We also discuss how consumer expectations of digital financial services are changing (spoiler alert: points and rewards don’t cut it anymore), and the key role of IoT in upcoming products.

This is Banking Remix, the new podcast from Veritran.

On this podcast series, our host Katie Llanos-Small - fintech expert and founder and editor of iupana - talks to leaders in digital finance about how traditional banking is being remixed and how it’s being spun together with new technologies.