Podcasts about fintechs

Victoria and Will interview Rishi Malik, the Founder of Backstop.it and VP of Engineering at Varo Bank. They talk about Rishi's recent adventure at DEF CON, the renowned annual security conference that he's attended for six years, and describes how it has transformed from a mere learning experience into a thrilling competition for him and his team. The conference = their playground for tackling an array of security challenges and brain-teasing puzzles, with a primary focus on cloud security competitions. They talk about the significance of community in such events and how problem-solving through interaction adds value. Rishi shares his background, tracing his path from firmware development through various tech companies to his current roles in security and engineering management. The vital topic of security in the fintech and banking sector highlights the initial concerns people had when online banking emerged. Rishi navigates through the technical intricacies of security measures, liability protection, and the regulatory framework that safeguards online banking for consumers. He also highlights the evolving landscape, where technological advancements and convenience have bolstered consumer confidence in online banking. Rishi shares his unique approach to leadership and decision-making, and pearls of wisdom for budding engineers starting their careers. His advice revolves around nurturing curiosity and relentlessly seeking to understand the "why" behind systems and processes. __ Backstop.it (https://backstop.it/) Follow Backstop.it on X (https://twitter.com/wearebackstop). Varo Bank (https://www.varomoney.com/) Follow Varo Bank on Instagram (https://www.instagram.com/varobank/), Facebook (https://www.facebook.com/varomoney/), X (https://twitter.com/varobank), YouTube (https://www.youtube.com/varomoney), or LinkedIn (https://www.linkedin.com/company/varobank/). Follow Rishi Malik on LinkedIn (https://www.linkedin.com/in/rishilmalik/). Follow thoughtbot on X (https://twitter.com/thoughtbot) or LinkedIn (https://www.linkedin.com/company/150727/). Become a Sponsor (https://thoughtbot.com/sponsorship) of Giant Robots! Transcript: VICTORIA: This is the Giant Robots Smashing Into Other Giant Robots podcast, where we explore the design, development, and business of great products. I'm your host, Victoria Guido. WILL: And I'm your other host, Will Larry. And with us today is Rishi Malik, Founder of Backstop.it and VP of Engineering at Varo Bank. Rishi, thank you for joining us. RISHI: Thanks for having me. I'm excited to be here. VICTORIA: Yes, Rishi. I'm so excited to talk with you today about your security background and get into your role at Varo and Backstop IT. But first, I wanted to hear a little bit more about your recent experience attending DEF CON. How was that? RISHI: It was awesome. I do have quite the background in security at this point. And one of the things I started doing early on, as I was getting up to speed and learning more about the security-specific side of things, was beginning to attend DEF CON itself. So, I've now gone six years straight. And it started out as just kind of experiencing the conference and security and meeting folks. But it's progressed to where I now bring a team of people where we go and we compete. We have a good time. But we do get to kind of bring the security side of things into the software engineering and engineering leadership stuff that we all do on a day-to-day basis. VICTORIA: Yeah. And what kind of puzzles do you solve with your team when you attend DEF CON? RISHI: There's definitely a lot of variety there, which I think is part of the fun. So, DEF CON frequently has electronic badges, you know, with random puzzles on there that you have to solve. Some of it are cryptographic. Some of them are kind of random cultural things. Sometimes there's music challenges based around it. Sometimes, it's social and interactive. And you have to go find the right type of badge or the right person behind it to unlock something. So, all of those, you know, typically exist and are a ton of fun. Primarily, in the last few years, we've been focusing more on the cloud CTF. So, in this case, it's our team competing against other teams and really focused on cloud security. So, it's, you know, figuring out vulnerabilities in, you know, specially designed puzzles around AWS and GCP, the application side of things as well, and competing to see how well you can do. Three years ago, the last couple of years, we've not won it, but we've been pretty competitive. And the great thing is the field is expanding as more and more people get into CTF themselves but, more importantly, into cloud infrastructure and cloud knowledge there. So, it's just great to see that expansion and see what people are into, what people are learning, and how challenging some of these things can be. VICTORIA: I love the idea of having a puzzle at a conference where you have to find a specific person to solve it. And yeah, I'm always interested in ways where we can have these events where you're getting together and building community and growing expertise in a field but in a way that makes it fun [laughs] and isn't just life-draining long, like, talks about random stuff. RISHI: [laughs] I think what you're touching on there is crucial. And you said the word community, and, to me, that is, you know, a big part of what DEF CON and, you know, hacking and security culture is. But it is, I think, one of the things that kind of outside of this, we tend to miss it more, you know, specifically, like, focused conferences. It is more about kind of the content, you know, the hallway track is always a thing. But it's less intentional than I personally, at this stage, really prefer, you know. So, I do like those things where it is encouraging interaction. For me, I'd rather go to happy hour with some people who are really well versed in the subject that they're in rather than even necessarily listening to a talk from them on what they're doing. Simply because I think the community aspect, the social aspect, actually gets you more of the information that is more relevant to what you're doing on a day-to-day basis than just consuming it passively. VICTORIA: I agree because consuming it passively or even intentionally remotely, there are things that you didn't even think to think about [laughs] that aren't going to come up just on your own. You have to have another person there who's...Actually, I have a good friend who's co-working with me this week who's at Ticketmaster. And so, just hearing about some of the problems they have and issues there has been entertaining for me. So yeah, I love that about DEF CON, and I love hearing about community stories and fun ways that companies can get a benefit out of coming together and just putting good content out there. RISHI: Absolutely. I think problem-solving is where you get the most value out of it as a company and as a business. VICTORIA: Yeah, maybe that's a good segue to tell me a little bit more about your background and how you came to be where you are today. RISHI: Yeah. For me growing up, I was always that problem-solver type of person. So, I think that's what kind of naturally gravitated me towards tech and, you know, hardware and software engineering. You know, so, for me, I go back quite a while. I'd been doing a lot of development, you know, in the early days of my career. I started out doing firmware development back in the days of large tape libraries, right? So, if you think about, like, big businesses back before cloud was a big thing and even back before SSDs were a thing, you know, it was all spinning disks. It was all tape. And that's kind of the area that I started in. So, I was working on robots that actually move tapes around these giant tape libraries that are, you know, taller than I am that you can walk inside of because they're so big, for big corporations to be able to backup their data on an overnight basis. You have to do that kind of stuff. Then I started going into smaller and smaller companies, into web tech, into startups, then into venture-backed startups. And then, eventually, I started my own company and did that for a while. All of this is really just kind of, you know, software engineering in a nutshell, lots of different languages, lots of different technologies. But really, from the standpoint of, here's a whole bunch of hard problems that need to be solved. Let's figure out how we can do that and how we can make some money by solving some of these problems. That eventually kind of led me down the security path as well and the engineering management side of things, which is what I do now, both at Backstop...is a security consulting business and being VP of Engineering at Varo Bank. WILL: How was your journey? Because you started as an intern in 2003. RISHI: [laughs] WILL: And then, you know, 20 years later. So, how was your journey through all of that? [laughs] RISHI: [laughs] You know, I hadn't actually put it together that it has been 20 years this year until you said that. So, that's awesome. It's been a blast, you know. I can honestly say it's been wildly different than what I imagined 20 years ago and interesting in different ways. I think I'm very fortunate to be able to say that. When I started out as an intern in 2003, technologies were very different. I was doing some intern shifts with the federal government, you know, so the pace was wildly different. And when I think of where technology has come now, and where the industry has gone, and what I get to do on a day-to-day basis, I'm kind of just almost speechless at just how far we've come in 20 years, how easy some things are, how remarkably hard some other things are that should honestly be easy at this point, but just the things that we can do. I'm old enough that I remember cell phones being a thing and then smartphones coming out and playing with them and being like, yeah, this is kind of mediocre. I don't really know why people would want this. And the iPhone coming out and just changing the game and being like, okay, now I get it. You know, to the experience of the internet and, you know, mobile data and everywhere. It's just phenomenal the advances that we've had in the last 20 years. And it makes me excited for the next 20 years to see what we can do as we go forward. VICTORIA: I'm going to take personal offense to someone knowing that technology being too old [laughs], but, yeah, because it really wasn't that long ago. And I think one thing I always think about having a background in civic tech and in financial tech as well is that the future is here; it's just not evenly distributed. So, now, if you're building a new company, of course, the default is to go straight to the cloud. But many companies and organizations that have been around for 60-80 years and using the internet right when it first came out are still in really old technologies that just simply work. And maybe they're not totally sure why, and change is difficult and slow. So, I wonder if you have any experience that you can take from the banking or fintech industry on how to make the most out of modern security and compliance platforms. RISHI: Yeah, you know, I think most people in tech especially...and the gray hairs on me are saying the younger folks in tech especially don't realize just how much older technologies still exist and will exist for quite some time. When you think of banking itself, you know, most of the major companies that you can think of, you know, in the U.S. especially but kind of across the world that are the top tier names of banks, and networks, and stuff like that, still run mainframes. When you swipe your credit card, there's a very good chance that is processed on a mainframe. And that's not a bad thing. But it's just, you know when you talk to younger engineers, it's not something that kind of crosses their mind. They feel like it is old-tech. The bulk of businesses don't actually run on the cloud. Having been through it, I've racked and stacked servers and had to figure out how to physically take hardware across, you know, country borders and things like those lines. And now, when I do want to spin up a server somewhere else, it's just a different AWS region. So, it's remarkably easy, at this point, to solve a lot of those problems. But once you're up and live and you have customers, you know, where downtime is impactful or, you know, the cost of moving to the cloud or modernizing your technology is substantial, things tend to move a lot slower. And I think you see that, especially when it comes to security, because we have more modern movements like DevOps bringing security into it. And with a lot of the, you know, the modern security and compliance platforms that exist, they work very, very well for what they do, especially when you're a startup or your whole tech stack is modernized. The biggest challenges, I think, seem to come in when you have that hybrid aspect of it. You do have some cloud infrastructure you have to secure. You do have some physical data centers you have to secure. You have something that is, you know, on-premise in your office. You have something that is co [inaudible 10:01] somewhere else. Or you also have to deal with stuff like, you know, much less modern tech, you know, when it comes to mainframes and security and kind of being responsible for all of that. And I think that is a big challenge because security is one of those things where it's, you know, if you think of your house, you can have the strongest locks on your door and everything else like that. But if you have one weak point, you have a window that's left open, that's all it takes. And so, it has to be all-inclusive and holistic. And I think that is remarkably hard to do well, even despite where technology has come to these days. WILL: Speaking of securities, I remember when the Internet banking started a couple of years ago. And some of the biggest, I guess, fears were, like, the security around it, the safety. Because, you know, your money, you're putting your money in it, and you can't go to a physical location to talk to anyone or anything. And the more and more you learn about it...at first, I was terrified of it because you couldn't go talk to someone. But the more and more I learned about it, I was like, oh, there's so much security around it. In your role, what does that look like for you? Because you have such a huge impact with people's money. So, how do you overcome that fear that people have? RISHI: There's, I think, a number of steps that kind of go into it. And, you know, in 2023, it's certainly a little bit easier than it used to be. But, you know, very similar, I've had the same questions, you know, and concerns that you're describing. And I remember using one of the first banks that was essentially all digital and kind of wondering, you know, where is my money going? What happens if something goes wrong? And all of those types of things. And so, I think there is kind of a number of different aspects that go into it. One is, you know, obviously, the technical aspects of security, you know, when you put your credit card number in on the internet, you know, is it encrypted? You know, is it over, you know, TLS? What's happening there? You know, how safe and secure is all that kind of thing? You know, at this point, pretty much everyone, at least in the U.S., has been affected by credit card breaches, huge companies like Home Depot and Target that got cards accessed or, you know, just even the smaller companies when you're buying something random from maybe something...a smaller website on the internet. You know, that's all a little bit better now. So, I think what you have there was just kind of a little bit of becoming comfortable with what exists now. The other aspect, though, I think, then comes into, well, what happens when something goes wrong? And I think there's a number of aspects that are super helpful for that. I think the liability aspect of credit card, you know, companies saying, you know, and the banks "You're not liable for a fraudulent transaction," I think that was a very big and important step that really helps with that. And on top of that, then I think when you have stuff like the FDIC, you know, and insurance in the U.S., you know, that is government-backed that says, you know what? Even if this is an online-only digital bank, you're safe. You're protected. The government's got your back in that regard. And we're going to make sure that's covered. At Varo, that's one of the key things that we think about a lot because we are a bank. Now, most FinTechs, actually, aren't banks, right? They partner with other third-party banks to provide their financial services. Whereas at Varo, we are federally regulated. And so, we have the full FDIC protection. We get the benefits of that. But it also means that we deal with the regulation aspects and being able to prove that we are safe and secure and show the regulators that we're doing the right things for our customers. And I think that's huge and important because, obviously, it's safety for customers. But then it changes how you begin to think about how you're designing products, and how you're [inaudible 13:34] them, and, you know, how you're marketing them. Are we making a mobile app that shows that we're safe, and secure, and stable? Or are we doing this [inaudible 13:42] thing of moving too fast and breaking things? When it's people's money, you have to be very, very dialed into that. You still have to be able to move fast, but you have to show the protection and the safety that people have because it is impactful to their lives. And so, I think from the FinTech perspective, that's a shift that's been happening over the last couple of years to continue that. The last thing I'll say, too, is that part of it has just come from technology itself and the comfort there. It used to be that people who were buying, you know, items on the internet were more the exception rather than the rule. And now with Amazon, with Shopify, with all the other stuff that's out there, like, it's much more than a norm. And so, all of that just adds that level of comfort that says, I know I'm doing the right things as a consumer, that I'm protected. If I, you know, do have problems, my bank's got my back. The government is watching out for what's happening and trying to do what they can do to regulate all of that. So, I think all of that has combined to get to that point where we can do much more of our banking online and safely. And I think that's a pretty fantastic thing when it comes to what customers get from that. I am old enough that I remember having to figure out times to get to the bank because they're open nine to five, and, you know, I have to deposit my paycheck. And, you know, I work nine to five, and maybe more hours pass, and I had no idea when I can go get that submitted. And now, when I have to deposit something, I can just take a picture with my phone, and it safely makes it to my account. So, I think the convenience that we have now is really amazing, but it has certainly taken some time. And I think a number of different industry and commercial players kind of come together and make that happen. MID-ROLL AD: Now that you have funding, it's time to design, build, and ship the most impactful MVP that wows customers now and can scale in the future. thoughtbot Liftoff brings you the most reliable cross-functional team of product experts to mitigate risk and set you up for long-term success. As your trusted, experienced technical partner, we'll help launch your new product and guide you into a future-forward business that takes advantage of today's new technologies and agile best practices. Make the right decisions for tomorrow today. Get in touch at thoughtbot.com/liftoff. VICTORIA: I appreciate that perspective on approaching security from the user experience of wanting safety. And I'm curious if we can talk in contrast from that experience to the developer experience with security. And how do you, as a new leader in this financial product company, prioritize security and introduce it from a, like, building a safety culture perspective? RISHI: I think you just said that very eloquently. It is a safety culture. And cultural changes are hard. And I think for quite some time in the developer industry, security was either an afterthought or somebody else's problem. You know, it's the security team that has to think about it. It's, you know, and even these days, it's the red team that's going to go, you know, find these answers or whatever I'm shipping as a developer. My only thing to focus on is how fast I can ship, or, you know, what I'm shipping, rather than how secure is what I'm shipping. And so, I think to really be effective at that, it is a cultural shift. You have to think and talk about security from the outset. And you have to bake those processes into how you build product. Those security conversations really do need to start at the design phase. And, you know, thinking about a mobile app for a bank as an example, you know, it starts when you're just thinking about the different screens on a mobile app that people are going to go through. How are people interpreting this? You know, what is the [inaudible 17:23], and the feeling, and the emotions, that we're building towards? You know, is that safe and secure or, you know, is it not? But then it starts getting to the architecture and the design of the systems themselves to say, well, here's how they're going to enter information, here's how we're passing this back and forth. And especially in a world where a lot of software isn't just 100% in-house, but we're calling other partners for that, you know, be it, you know, infrastructure or risk, you know, or compliance, or whatever else it may be, how are we protecting people's data? How are we making sure our third parties are protecting people's data? You know, how are we encrypting it? How are we thinking about their safety all the way through? Again, even all the way down to the individual developer that's writing code, how are we verifying they're writing good, high-quality, secure code? Part of it is training, part of it is culture, part of it is using good tooling around that to be able to make sure and say, when humans make mistakes because we are all human and we all will make mistakes, how are we catching that? What are the layers do we have to make sure that if a mistake does happen, we either catch it before it happens or, you know, we have defense in depth such that that mistake in and of itself isn't enough to cause a, you know, compromise or a problem for our customers? So, I think it starts right from the start. And then, every kind of step along the way for delivering value for customers, also let's add that security and privacy and compliance perspective in there as well. VICTORIA: Yes, I agree. And I don't want to work for a company where if I make a small human mistake, I'm going to potentially cost someone tens or however many thousands of dollars. [laughs] WILL: I have a question around that. How, as a leader, how does that affect you day to day? Because I feel like there's some companies, maybe thoughtbot, maybe other companies, that a decision is not as critical as working as a bank. So, you, as a leader, how do you handle that? RISHI: There's a couple of things I try and consider in any given big or important decision I have to make, the aspects around, like, you know, the context, what the decision is, and that type of stuff. But from a higher level, there's kind of two things I try and keep in mind. And when I say keep in mind, like, when it's a big, impactful decision, I will actually go through the steps of, you know, writing it down or talking this out loud, sometimes by myself, sometimes with others, just, again, to make sure we are actually getting to the meat of it. But the first thing I'm trying to think of is kind of the Amazon idea of one-way versus two-way doors. If we make this decision and this is the wrong decision, what are the ramifications of that? You know, is it super easy to undo and there's very little risk with it? Or is it once we've made this decision or the negative outcome of this decision has happened, is it unfixable to a certain degree? You know, and that is a good reminder in my head to make sure that, you know, A, I am considering it deeply. And that, B, if it is something where the ramifications, you know, are super huge, that you do take the time, and you do the legwork necessary to make sure you're making a good, valid decision, you know, based on the data, based on the risks involved and that there's a deep understanding of the problem there. The second thing I try to think of is our customers. So, at Varo, our customers aren't who most banks target. A lot of banks want you to take all your money, put it in there, and they're going to loan that money out to make their money. And Varo is not that type of bank, and we focus on a pretty different segment of the market. What that means is our customers need their money. They need it safely and reliably, and it needs to be accurate when they have it. And what I mean by that is, you know, frequently, our customers may not have, you know, hundreds or a thousand dollars worth of float in their bank accounts. So, if they're going and they're buying groceries and they can't because there's an error on our side because we're down, and because the transactions haven't settled, then that is very, very impactful to them, you know, as an individual. And I think about that with most of these decisions because being in software and being in engineering I am fortunate enough that I'm not necessarily experiencing the same economic struggles that our customers may have. And so, that reminder helps me to think about it from their perspective. In addition, I also like to try and think of it from the perspective...from my mom, actually, who, you know, she is retired age. She's a teacher. She's non-technical. And so, I think about her because I'd say, okay, when we're making a product or a design decision, how easy is it for her to understand? And my biases when I think about that, really kind of come into focus when I think about how she would interpret things. Because, you know, again, for me, I'm in tech. I think about things, you know, very analytically. And I just have a ton of experience across the industry, which she doesn't have. So, even something as simple as a little bit of copy for a page that makes a ton of sense to me, when I think about how she would interpret it, it's frequently wildly different. And so, all of those things, I think, kind of come together to help make a very strong and informed decision in these types of situations where the negative outcomes really do matter. But you are, you know, as Varo is, you're a startup. And you do need to be able to build more products quickly because our customers have needs that aren't being met by the existing banking industry. And so, we need to provide value to them so that their lives are a bit better. VICTORIA: I love that focus on a specific market segment and their needs and solving for that problem. And we know that if you're at a certain income level, it's more expensive [laughs] because of the overdraft fees and other things that can cause you problems. So, I really appreciate that that's the mission at Varo, and that's who you're focusing on to create a better banking product that makes more sense. I'm curious if there were any surprises and challenges that you could share from that discovery process and finding out, you know, exactly what were those things where your mom was, like, uh, actually, I need something completely different. [laughs] RISHI: Yeah, so, [chuckles] I'm chuckling because, you know, it's not, like, a single kind of time or event. It's, you know, definitely an ongoing process. But, you know, as actually, we were talking, you know, about earlier in terms of being kind of comfortable with doing things digital and online, that in and of itself is something that even in 2023, my mom isn't as comfortable or as confident as, you know, say, maybe the three of us are. As an example, when sending money, you know, kind of like a peer-to-peer basis, like, if I'm sending my mom a little bit of money, or she's sending me something, you're kind of within the family. Things that I would think would be kind of very easy and straightforward actually do cause her a little bit more concern. Okay, I'm entering my debit card number into this so that it can get, you know, the cash transferred into my bank account. You know, again, for me, it didn't even cross my mind, actually, that that would be something uncomfortable. But for my mom, that was something where she actually had some concerns about it and was messaging me. Her kind of personal point of view on that was, I would rather use a credit card for this and get the money on a credit card instead of a debit card because the debit card is linked to a bank account, and the security around that needs to be, you know, much tighter. And so, it made her more uncomfortable entering that on her phone. Whereas even a credit card it would have given her a little bit more peace of mind simply because it wasn't directly tied to her bank account. So, that's just, you know, the most recent example. I mean, honestly, that was earlier today, but it's something I hadn't thought of. And, again, for most of our customers, maybe that's not the case and how they think. But for folks that are at that retirement age, you know, in a world where there are constant barrages of scam, you know, emails, and phone calls, and text messages going around, the concern was definitely there. VICTORIA: That happened to me. Last week, I was on vacation with my family, and we needed to pay my mom for the house we'd rented. And I had to teach her how to use Zelle and set up Zelle. [laughter] It was a week-long process. But we got there, and it works [laughs] now. But yeah, it's interesting what concerns they have. And the funny part about it was that my sister-in-law happens to be, like, a lawyer who prevents class action lawsuits at a major bank. And she reassured us that it was, in fact, secure. [laughs] I think it's interesting thinking about that user experience for security. And I'm curious, again, like, compare again with the developer experience and using security toolings. And I wonder if you had any top recommendations on tools that make the developer experience a little more comfortable and feeling like you're deploying with security in mind. RISHI: That, in particular, is a bit of a hard question to answer. I try and stay away from specific vendors when it comes to that because I think a lot of it is contextual. But I could definitely talk through, like, some of the tools that I use and the way I like to think about it, especially from the developer perspective. I think, first off, consider what aspect of the software development, you know, lifecycle you're in. If you are an engineer writing, you know, mostly application code and dealing with building product and features and stuff like that, start from that angle. I could even take a step back and say security as an industry is very, very wide at this point. There is somebody trying to sell you a tool for basically every step in the SDLC process, and honestly, before and after to [inaudible 26:23]. I would even almost say it's, to some extent, kind of information and vendor overload in a lot of ways. So, I think what's important is to think about what your particular aspect of that is. Again, as an application engineer, or if you're building cloud infrastructure, or if you're an SRE, you know, or a platform team, kind of depending on what you are, your tooling will be different. The concepts are all kind of similar ideas, but how you go about what you build will be different. In general, I like to say, from the app side of things, A, start with considering the code you're writing. And that's a little bit cultural, but it's also kind of more training. Are you writing code with a security mindset? are you designing systems with a security mindset? These aren't things that are typically taught, you know, in school if you go get a CS degree, or even in a lot of companies in terms of the things that you should be thinking about. So, A, start from there. And if you don't feel like you think about, you know, is this design secure? Have we done, you know, threat modeling on it? Are we considering all of the error paths or the negative ways people can break the system? Then, start from that and start going through some of the security training that exists out there. And there's a lot of different aspects or avenues by which you can get that to be able to say, like, okay, I know I'm at least thinking about the code I write with a security mindset, even if you haven't actually changed anything about the code you're writing yet. What I actually think is really helpful for a lot of engineers is to have them try and break things. It's why I like to compete in CTFs, but it's also why I like to have my engineers do the same types of things. Trying to break software is both really insightful from the aspect that you don't get when you're just writing code and shipping it because it's not something you have time to do, but it's also a great way to build up some of the skills that you need to then protect against. And there's a lot of good, you know, cyber ranges out there. There's lots of good, just intentionally vulnerable applications that you can find on GitHub but that you can just run, you know, locally even on your machine and say, okay, now I have a little web app stood up. I know this is vulnerable. What do I do? How do I go and break it? Because then all of a sudden, the code that you're writing you start to think about a little bit differently. It's not just about how am I solving this product problem or this development problem? But it's, how am I doing this in a way that is safe and secure? Again, as an application side of things, you know, just make sure you know the OWASP Top 10 inside and out. Those are the most basic things a lot of engineers miss. And it only takes, again, one miss for it to be critical. So, start reviewing it. And then, you start to think about the tooling aspect of it. People are human. We're going to make mistakes. So, how do we use the power of technology to be able to stop this? You know, and there is static scanning tools. Like, there's a whole bunch of different ones out there. You know, Semgrep is a great one that's open source just to get started with that can help you find the vulnerable code that may exist there. Consider the SQL queries that you're writing, and most importantly, how you're writing them. You know, are you taking user input and just chucking it in there, or are you sanitizing it? When I ask these questions, for a lot of engineers, it's not usually yes or no. It's much more of an, well, I don't know. Because in software, we do a really good job of writing abstraction layers. But that also means, you know, to some extent, there may be a little bit of magic in there, or a lack thereof of magic that you don't necessarily know about. And so, you have to be able to dive into the libraries. You have to know what you're doing to even be able to say something like, oh no, this SQL query is safe from this user input because we have sanitized it. We have, you know, done a prepared statement, whatever it may be. Or, no, actually, we are just doing something here that's been vulnerable, and we didn't realize we were, and so now that's something we have to address. So, I think, like, that aspect in and of itself, which isn't, you know, a crazy ton of things. It's not spending a ton of money on different tools. But it's just internalizing the fact that you start to think a little bit differently. It provides a ton of value. The last thing on that, too, is to be able to say, especially if you're coming from a development side, or even just from a founder or a startup side of things, what are my big risks? What do I need to take care of first? What are the giant holes or flaws? You know, and what is my threat model around that? Obviously, as a bank, you have to care very deeply right from the start. You know, if you're not a bank, if you're not dealing with financial transactions, or PII, or anything like that, there are some things that you can deal with a little bit later. So, you have to know your industry, and you have to know what people are trying to do and the threat models and the threat vectors that can exist based on where you are. WILL: That's amazing. You know, earlier, we talked about you being an engineer for 20 years, different areas, and stuff like that. Do you have any advice for engineers that are starting out right now? And, you know, from probably year one to year, you know, anything under ten years of experience, do you have any advice that you usually give engineers when you're chatting with them? RISHI: The advice I tend to give people who are just starting out is be the type of person that asks, "How does this work?" Or "Why does this work?" And then do the work to figure out the answer. Maybe it is talking to someone; maybe it's diving into the details; maybe it's reading a book in some aspect that you haven't had much exposure to. When I look at my career and when I look at the careers of folks around me and the people that I've seen be most successful, both in engineering but also on the business side, that desire to know why something is the case is I think, one of the biggest things that determines success. And then the ability to answer that question by putting in the right types of work, the right types of scientific method and processes and such, are the other factor. So, to me, that's what I try and get across to people. I say that mostly to junior folks because I think when you're getting started, it's really difficult. There's a ton out there. And we've, again, as software engineers, and hardware engineers, and cloud, and all this kind of stuff, done a pretty good job of building a ton of abstraction layers. All of our abstraction layers [inaudible 32:28] to some degree. You know, so as you start, you know, writing a bunch of code, you start finding a bunch of bugs that you don't necessarily know how to solve and that don't make any sense in the avenue that you've been exposed to. But as soon as you get into the next layer, you understand how that works begin to make a lot more sense. So, I think being comfortable with saying, "I have no idea why this is the case, but I'm going to go find out," makes the biggest difference for people just starting out their career. WILL: I love that advice. Not too long ago, my manager encouraged me to write a blog post on something that I thought that I really knew. And when I started writing that blog post, I was like, oh boy, I have no idea. I know how to do it, but I don't know the why behind it. And so, I was very thankful that he encouraged me to write a blog post on it. Because once you start explaining it to other people, I feel you really have to know the whys. And so, I love that advice. That's really good advice. VICTORIA: Me too. And it makes sense with what we see statistically as well in the DORA research. The DevOps Research Association publishes a survey every year, the State of DevOps Report. And one of the biggest findings I remember from last year's was that the most secure and reliable systems have the most open communication and high trust among the teams. And so, being able to have that curiosity as a junior developer, you need to be in an environment where you can feel comfortable asking questions [laughs], and you can approach different people, and you're encouraged to make those connections and write blog posts like Will was saying. RISHI: Absolutely, absolutely. I think you touched on something very important there as well. The psychological safety really makes a big difference. And I think that's critical for, again, like, folks especially earlier in their career or have recently transitioned to tech, or whatever the case may be. Because asking "Why?" should be something that excites people, and there are companies where that's not necessarily the case, right? Where you asking why, it seems to be viewed as a sign that you don't know something, and therefore, you're not as good as what you should be, you know, the level you should be at or for whatever they expect. But I do think that's the wrong attitude. I think the more people ask why, the more people are able and comfortable to be able to say, "I don't know, but I'm going to go find out," and then being able to be successful with that makes way better systems. It makes way safer and more secure systems. And, honestly, I think it makes humans, in general, better humans because we can do that. VICTORIA: I think that's a great note to start to wrap up on. Is there any questions that you have for me or Will? RISHI: Yeah. I would love to hear from both of you as to what you see; with the experiences that you have and what you do, the biggest impediments or speed bumps are when it comes to developers being able to write and ship secure code. VICTORIA: When we're talking with new clients, it depends on where they are in really the adoption of their product and the maturity of their organization. Some early founders really have no technology experience. They have never managed an IT organization. You know, setting up basic employee account access and IDs is some of the initial steps you have to take to really get to where you can do identity management, and permissions management, and all the things that are really table stakes for security. And then others have some progress, and they have a fair amount of data. And maybe it's in that situation, like you said before, where it's really a trade-off between the cost and benefit of making those changes to a more secure, more best practice in the cloud or in their CI/CD pipeline or wherever it may be. And then, when you're a larger organization, and you have to make the trade-offs between all of that, and how it's impacting your developer experience, and how long are those deployed times now. And you might get fewer rates of errors and fewer rates of security vulnerabilities. But if it's taking three hours for your deployments to go out [laughs] because there's so many people, and there's so many checks to go through, then you have to consider where you can make some cuts and where there might be more efficiencies to be gained. So, it's really interesting. Everyone's on a different point in their journey. And starting with the basics, like you said, I love that you brought up the OWASP Top 10. We've been adopting the CIS Controls and just doing a basic internal security audit ourselves to get more ready and to be in a position where... What I'm familiar with as well from working in federal agencies, consulting, maintaining some of the older security frameworks can be a really high cost, not only in terms of auditing fees but what it impacts to your organization to, like, maintain those things [laughs] and the documentation required. And how do you do that in an agile way, in a way that really focuses on addressing the actual purpose of the requirements over needing to check a box? And how do we replicate that for our clients as well? RISHI: That is super helpful. And I think the checkbox aspect that you just discussed I think is key. It's a difficult position to be in when there are boxes that you have to check and don't necessarily actually add value when it comes to security or compliance or, you know, a decrease in risk for the company. And I think that one of the challenges industry-wide has always been that security and compliance in and of itself tends to move a little bit slower from a blue team or a protection perspective than the rest of the industry. And so, I mean, I can think of, you know, audits that I've been in where, you know, just even the fact that things were cloud-hosted just didn't make sense to the auditors. And it was a struggle to get them to understand that, you know, there is shared responsibility, and this kind of stuff exists, and AWS is taking care of some things, and we're taking care of some other things when they've just been developed with this on-premise kind of mentality. That is one of the big challenges that still exists kind of across the board is making sure that the security work that you're doing adds security value, adds business value. It isn't just checking the box for the sake of checking the box, even when that's sometimes necessary. VICTORIA: I am a pro box checker. RISHI: [laughs] VICTORIA: Like, I'll get the box checked. I'll use Trello and Confluence and any other tool besides Excel to do it, too. We'll make it happen with less pain, but I'd rather not do it [laughs] if we don't have to. RISHI: [laughs] VICTORIA: Let's make it easy. No, I love it. Is there anything else that you want to promote? RISHI: No, I don't think there's anything else I want to promote other than I'm going to go back to what I said just earlier, like, that culture. And if, you know, folks are out there and you have junior engineers, you have engineers that are asking "Why?", you have people that just want to do the right thing and get better, lean into that. Double down on those types of folks. Those are the ones that are going to make big differences in what you do as a business, and do what you can to help them out. I think that is something we don't see enough of in the industry still. And I would love for that to change. VICTORIA: I love that. Thank you so much, Rishi, for joining us. RISHI: Thanks for having me. This was a great conversation. I appreciate the time. VICTORIA: You can subscribe to the show and find notes along with a complete transcript for this episode at giantrobots.fm. If you have questions or comments, email us at hosts@giantrobots.fm. And you can find me on Twitter @victori_ousg. WILL: And you could find me on Twitter @will23larry. This podcast is brought to you by thoughtbot and produced and edited by Mandy Moore. Thanks for listening. See you next time. ANNOUNCER: This podcast is brought to you by thoughtbot, your expert strategy, design, development, and product management partner. We bring digital products from idea to success and teach you how because we care. Learn more at thoughtbot.com. Special Guest: Rishi Malik.

Miguel Armaza sits down with Ricardo Josua, CEO/Co-Founder of Pismo, a global tech company that builds banking and cards solutions for digital banks and large financial institutions. Headquartered in Sao Paulo, Brazil, the company has operations in Latin America, Southeast Asia, Europe, and the US and processes $210 billion dollars in annual transaction volume. Pismo's investors include Redpoint Brazil, Softbank, Amazon and Accel.Importantly, back in June 2023, Visa announced a definitive agreement to acquire Pismo for $1 billion in cash. Making it one of the largest fintech acquisitions announced this year worldwide, and certainly the largest one outside of the US. The transaction is still subject to regulatory approvals so we couldn't talk that much about it.In this episode, we discuss:From Brazil to the world – the importance of having a global mindset from day onePartnering with fintechs and large banks – how Pismo went from mostly fintech clients to selling to some of the largest banks in the worldBuilding a modern system while still connecting to legacy technologiesAdvice for company builders and leaders to navigate both great times and choppy weathers… and a lot more!Live Recording Alert! Join us for a live Fintech Leaders recording and Happy Hour with Stuart Sopp, CEO & Co-Founder of Current, a multibillion-dollar fintech built in New York City.  See you at Barclays Rise New York on Monday, October 16 to kick off New York Tech Week. Register here --> https://bit.ly/3sMaIBjWant more podcast episodes? Join me and follow Fintech Leaders today on Apple, Spotify, or your favorite podcast app for weekly conversations with today's global leaders that will dominate the 21st century in fintech, business, and beyond.Do you prefer a written summary, instead? Check out the Fintech Leaders newsletter and join almost 60,000 readers and listeners worldwide!Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.Miguel on LinkedIn: https://bit.ly/3nKha4ZMiguel on Twitter: https://bit.ly/2Jb5oBcFintech Leaders Newsletter: bit.ly/3jWIpqp

Get ready to unlock the future of B2B payments with our guest, Chad Wallace, Global Head of Commercial Solutions at Mastercard. With his expertise in consumer and corporate banking, Chad sheds light on the shift from traditional cash and checks to digital payments - a transition fueled by the pandemic, evolving consumer expectations, and the influx of new talent in finance roles. He also introduces us to the vast spectrum of products and services his team brings to the table, including commercial cards, virtual cards, and accounts payable products. From Mastercard's partnership with emerging global Fintechs to building scalable, human-centered solutions, our conversation takes you through the dynamics of payments industry. Mastercard's collaboration with Fintechs not only builds solutions but also ideates and provides data necessary to reconcile books. Chad further underlines the importance of digital solutions and how data can be harnessed to maximize working capital, improve payment status and maintain an ISO-based framework. As we look into the crystal ball, Chad paints a picture of the future of B2B payments marked by human-focused design, digitization, interconnectivity, and the growing use of AI. He elaborates on how Mastercard is leveraging these trends with their innovative “beyond card” strategy and embedded finance use cases. As we wrap up, Chad leaves us with his insights on security, value-added services, and the criticality of providing a consumer-grade experience for buyers and suppliers. Don't miss out on this enlightening discussion that redefines the future of B2B payments.

In this episode of the Web3 Innovators Podcast, Dotun Rominiyi, Blockchain Strategy – Emerging Technologies at LSEG, shares his journey into the world of blockchain technology. Starting from his early encounter with Bitcoin during his time at Barclays Investment Bank to his fascination with Ethereum's decentralised compute capabilities, he paints a picture of the evolving landscape of blockchain. Key Moments:Dotun's experience in the video games industry and how it fostered a keen interest in emerging technologies. The fascination with blockchain technology and how it presents opportunities to represent assets of value and enable decentralised compute.The importance of considering regulatory constraints and compliance requirements when exploring blockchain solutions in the financial industry.The need for precise, evolutionary approaches to blockchain integration in heavily regulated environments like the London Stock Exchange Group.The unique innovation of blockchain and its potential to revolutionise various sectors beyond technology considerations.The need to understand and navigate the complex legal structures and regulations governing financial markets.The potential of blockchain in simplifying and automating regulatory compliance and contractual enforcement.Standout Quote: "We do exist in a heavily regulated environment, so whatever we do, we have to think about the context of regulation, the realities of that, and what that means for the types of obligations that we have, the types of obligations that our clients have, and the constraints that entities within the ecosystem have to navigate when they think about the commercial activities they engage in." - Dotun RominiyiResources:Stay updated with the latest developments and insights from the LSEG website.Follow LSEG on Twitter for industry news and updates.Contact Dotun Rominiyi: Twitter | LinkedInDotun Rominiyi, Blockchain Strategy – Emerging Technologies at LSEG, is responsible for steering adoption and engagement of blockchain and distributed ledger technologies across both internal group businesses and across the wider capital markets landscape. Dotun and his team are currently focused on delivering a number of internal initiatives as well as partnerships with FinTechs and capital market institutions. Previously he ran technology as CTO of the blockchain start-up BlockEx, as well as co-founding a commercial blockchain gaming venture prior. Dotun has an extensive background as an expert technologist and software engineer, across both the financial services (in automated derivatives trading & execution) and video game sectors. Connect with Us Join the Web3 Innovators community and engage with like-minded individuals passionate about the potential of blockchain technology.Contact Web3 Labs:Twitter | LinkedIn | Instagram | Facebook | Discord | Tiktok • Explore Web3 Labs: Web3 Labs specialise in web3 solutions for enterprise. • Email Web3 Labs • Get Conor's latest thoughts on Web3 and where we're headed.

Fraudology is presented by Spec. Check out their no-code platform you can implement to start fighting fraud today!Can fraud experience in the banking industry easily transition you on to the e-commerce side of fraud? What about Vice Versa?In this episode of Fraudology, Karisse is on the road for another client trip. After presenting a training to the employees of a FraudTech vendor that supports banks, Financial Institutions, and Fintechs, she shares one of the concepts she talked about in the training course. -How, even though most of the terminology is the same in both areas of fraud prevention/revenue integrity, for the most part, that's where the similarities end. She talks about how the differences in consumer behavior, the nature of the consumer/entity relationship, regulations (like KYC), the differences in data collected, and the very nature of the items being protected/stolen require very different ways of thinking about detection. And, for the most part, they require different types of tools to identify fraudulent behavior. These comparisons created a great conversation when Karisse was presenting it to this group in person, so she hopes you appreciate the comparisons, and the opportunity to think more about the different skills, technology, and knowledge needed for each sector online (and multi-channel).Fraudology is hosted by Karisse Hendrick, a fraud fighter with decades of experience advising hundreds of the biggest ecommerce companies in the world on fraud, chargebacks, and other forms of abuse impacting a company's bottom line. Connect with her on LinkedIn She brings her experience, expertise, and extensive network of experts to this podcast semi weekly, on Tuesdays and Thursdays.

Contact: Mark Tibbles mtibbles@asl.com.au  Delighted to welcome Mark Tibbles, CEO of Australian Settlements Limited or ASL.Mark is a Payments guy having spent most of the last 25 years in the payments sector, including stints at CBA, NAB, Westpac, Clydesdale & Yorkshire Bank, Verifone and Wirecard. Since 2019 Mark has been leading the ASL Team in the shift from aggregator to a next generation Payments Platform service provider. ASL is an Authorised Deposit Taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA) and a provider of B2B ‘Payments-Platform-and-Settlement as a Service' (PPaaSS) solutions to banks, Fintechs and Corporates. ASL's goal is to provide platform access to the domestic rails – connect simply and almost self-serve in a complicated world. ASL partner with organisations that are leaders in their field – FIS for NPP connectivity, Shaype for our Platform and API led services, ISW for the latest Fraud and transaction monitoring capability. In the near future ASL will add leading Card Management and Switching services along with Digital Identity and a single pane of glass view of our services.  ASL are Payment tech led and Customer focused. ASL connects banks, fintech's, Corporates and a range of other businesses to the Payments world. ·          ASL was originally formed by the Building Societies in NSW, VIC and QLD as a cooperative·          ASL were the first non-Bank to be granted an Exchange Settlement Account (ESA)·          ASL is now one of 12 Direct connectors to COIN and the NPP along with the big 4 - ANZ, Commonwealth, Westpac and NAB. ·          ASL processes 100m+ transactions annually and in excess of $650m per day ASL offer access to all the Domestic network requirements like:·          New Payments Platform (NPP)·          Direct Entry·          Cards – Visa and eftpos with the ability to settle Mastercard·          BPay·          Financial Crime/Fraud Services·          RTGS·          Plus some of the lesser known and specialist services like Australclear and Pexa.   ASL also represent  customers and give them a voice in the Industry with organisations like AusPayNet and Australian Payments Plus (AP+). Generally/historically, ASL supports banks, other financial institutions, fintech's – however their suite of solutions are suitable for a range of organisations that have high payment/transaction flows. ASL see corporate users as a key future customer base along with other wholesale payment service providers who don't have direct access to the domestic rails. What do ASL customers (generally) need? ·          Access to payment rails / the payment's world·          Settlement solutions ·          Financial crime management ·          Payment's consulting/advice/education – this is key – we help our customers navigate a very complicated industry·          Partnering with an organisation with an Australian banking license (ADI)What are their biggest pain points you solve for?·          A partner that helps navigate the industry nuances·          Accessing all services from a single partner·          Getting

Fintechs created earned wage access so cash-strapped employees could get an advance on their next paycheck to cover urgent expenses. Some say repeat usage of fee-based EWA resembles a payday loan, sparking debate over whether regulators should call EWA a loan. 

Fintech firms are currently facing a series of challenges stemming from a variety of factors, including dropping venture capital (VC) funding, the failure of Silicon Valley Bank and the uncertain economic climate. Collaboration and partnerships within the fintech ecosystem and with traditional financial institutions may become even more crucial as fintech firms reassess business models and try to build greater resilience. My guest on the Banking Transformed podcast is Jeff Tijssen, Expert Partner and Global Head of FinTech at Bain & Company. Together, we try to unravel the complexities of this rapidly evolving sector and uncover how fintech is reshaping the way we think about money, payments and financial services.

#107 - Agilität in einer Sparkasse? Das Beispiel WESPA mit Vorstandsvorsitzenden Peter KlettIn der heutigen Folge geht es um ein Buzzword, das in den letzten Jahren sehr häufig in Kontext von Transformation in Banken gefallen ist - FinTechs und BigTechs sind es schon lange, Banken wollen es werden - es geht um Agilität. Aber was passiert, wenn eine Sparkasse beschließt Agilität auf die Vorstandsagenda zu nehmen, wie fängt man an und legt los? Genau darüber sprechen wir gemeinsam mit unseren zwei Gästen, Peter Klett und Martin Fürst. Peter ist Vorstandsvorsitzender der Weser-Elbe-Sparkasse und Martin ist Senior Manager und Agile Coach bei zeb. Viel Spaß beim Hören! Fragen, Anregungen und Feedback sehr gerne an mail@plaudertaschen-podcast.de Euer Plaudertaschen-Team __________ Dieser Podcast wird präsentiert von: S Broker AG & Co. KG - Innovative und bedarfsorientierte Lösungen „as a Service“ für das Wertpapiergeschäft der Sparkassen. TABULARAZA by zeb - Wir gestalten Zukunft. __________ Bei diesem Podcast handelt es sich um ein Privatprojekt der Podcast-Autoren. Folge direkt herunterladen

Erik Podzuweit is a former German Rugby Champion, and co-founder and co-CEO of Scalable Capital - one of Europe's leading FinTechs. In this week's podcast episode he talks about how he leads and communicates with his gut!  Developing and trusting your gut feeling takes dedication and tenacity, but in turn you will have a team and clients who trusts you and a thriving business.  His approach is always keeping it simple and straightforward, and that honesty pays off in the long run. Check out my conversation with Erik to find out how he leads a fast-growing unicorn, and how he turned it into a European finance powerhouse over the last decade.   *** Subscribe to the Message Machine newsletter and become an unstoppable founder yourself.  https://www.eoipsocommunications.com/kontakt/ --- Send in a voice message: https://podcasters.spotify.com/pod/show/likeaceo/message

In dieser Episode spricht Philipp Sandner mit Philipp Hartmannsgruber, Board Member beim Bundesblock, über seine Arbeit als “Blockchain-Lobbyist”. Die beiden sprechen über drängende regulatorische Themen im Blockchainbereich, welche in der Politik aktuell behandelt werden. Philipp Hartmannsgruber erklärt, dass der digitale Euro der Europäischen Zentralbank wahrscheinlich nicht auf einer Blockchain aufbauen wird und gibt seine Meinung zur MiCA ab. Er gibt Einblicke in die Zusammensetzung der Arbeitsgruppen im Bundesblock und wie die verschiedenen Ziele von Bitcoinern, Krypto-Enthusiasten und Fintechs unter ein Dach gebracht werden.

Join Charlie Kelly, Partner at Remedy Consulting, as we discuss core banking systems and whether your financial institution is on the right core to improve efficiency and drive sales. If you are considering a change in your core system, what should you know ahead of time and are you asking the right questions? https://www.remedyconsult.net/whitepaper/https://fi-navigator.com/ For more information on BankTalk:BankTalk WebsiteSubscribe to BankTalk NewsRemedy Consulting WebsiteRemedy LinkedInTo speak on the BankTalk Podcast, please email us.

How are fintechs managing economic headwinds and credit tightening? We talk with Ratinder Bedi, Chief Credit Officer at SoFi, about how his company is managing these challenges and how fintechs and traditional banks often differ in their approach. In this episode: ·      The biggest challenges facing SoFi this year·      How the restart of student loan refinancing may impact the fintech industry·      What's in SoFi's playbook for economic downturns·      Where SoFi wants to leverage generative AI in its business·      What the fintech industry is doing differently from traditional banks·      How fintechs and other industries are battling the rising tide of fraud  Resources: Fintech Solutions: Discover how our rich data, predictive analytics and cloud-native technologies can help fintechs successfully target and acquire more customers, mitigate fraud and make better business decisions. CreditForecast.com is a joint venture between Equifax and Moody's Analytics. Get actionable consumer credit, economic and demographic data, forecasts and analysis.  Register for Market Pulse webinars to get relevant economic and credit insights to help your business make more confident decisions. Learn more about our Market Pulse podcast, and contact us at marketpulsepodcast@equifax.com

This week on WealthTech Unwrapped, Ned sits down with Varun Mittal, Chief Innovator and Group Head of Innovation and Ecosystem at Singlife. Together, they explore the extraordinary growth of Fintech in Singapore over the past decade, uncovering the crucial elements that have propelled it to become a "Fintech Nation." Gain valuable insights into why Fintechs in Southeast Asia must expand their horizons beyond the region to thrive.Key Takeaways:1) Southeast Asia has more net new digital bank licenses than the United States.2) Southeast Asian Fintechs need to move out of the region as there aren't enough buyers of large enough size to sustain them. In addition, the public market's risk appetite is low as there is little to no means to list in Southeast Asian exchanges due to local liquidity pools.Tune in to this insightful conversation, only here on WealthTech Unwrapped! 

Der Werber aus Hamburger erfand "Pay with a Tweet", ging in die USA und arbeitete für Jack Dorsey. Nun baut er in New York Public.com auf. Die Investment-App ist größter Rivale von Robinhood und war zwischenzeitig mit mehreren Milliarden Dollar bewertet. Im OMR Podcast spricht Leif Abraham mit Philipp Westermeyer und Finance Forward-Redakteur Caspar Schlenk über Investment-Hypes, einen möglichen IPO von Public.com und wie ihm der Marketing-Background beim Aufbau seines Fintechs hilft.

How do organisational habits determine the way we make decisions? Has the financial services sector failed to keep up with digital transformation? Find out the answers to these and much more in this special episode of In Check with Fintech coming live from Money20/20 Europe.   On this special episode, our CEO, Rogier Rouppe van der Voort had the honour to be joined by Leda Glyptis, Chief Client Officer at 10x Banking, and Non-Executive Director at Flagstone.   During their conversation, Leda shared some interesting insights about outdated organisational habits, the lack of diversity within Fintechs, as well as innovation and digital transformation in the financial services sector.   Enjoy listening!

► Episode Notes: The indices are up this week, but whose portfolio is down? Find out on this week's PlayingFTSE Podcast! Paul, Steve, and Steve are in the house for this week's show. But blink and you might miss them, because Paul is a busy fella these days! Steve and Steve are starting off with the latest from Vodafone. The FTSE 100 laggard has agreed to merge its UK operations with Three, which has Steve W thinking about whether the stock should be on his watch list. Next it's Adobe – the US tech giant released earnings this week and it's just quietly doing its thing. As the company moves forward, innovates, and grows, does it have a place in Steve D's portfolio? Sticking with tech, it's on to AI. Goldman Sachs insist there's no bubble here, but Steve has other ideas… but he also has a stock that might be worth a look for investors wanting to profit from the rise of the machines. And we're finishing with the UK fintech space. Revolut, Freetrade, and Trading212 all have news to share, but is there anything positive for any of them? All on this week's PlayingFTSE Show! ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps: 0:00 Intro 05:36 Vodafone 20:14 Adobe 32:47 AI 49:17 UK Fintech ► Show Notes: What's been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that's accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com

O último Papo de CEO gravado no WebSummit Rio! No episódio de hoje, recebemos como convidado Chaim Finizola, co-fundador e CGO da Credix, uma renomada startup baseada em blockchain. Com uma mente jovem, entusiasta, global e determinada, Chaim trará insights valiosos para o episódio. Na Credix, Chaim atua como Chief Growth Officer, procurando e apoiando fintechs e originadores de empréstimos não bancários em mercados emergentes. Além disso, ele lidera as iniciativas de marketing e construção de comunidades da Credix na América Latina. A Credix é um mercado de crédito descentralizado que conecta investidores globalmente com fintechs de crédito em mercados emergentes. Construída sobre o protocolo Solana, a Credix estabelece uma ponte entre CeFi (finanças centralizadas) e DeFi (finanças descentralizadas). O episódio está imperdível com muita conversa boa pra você ficar por dentro das últimas tendências do mercado de fintechs. Dá play e bom Papo para você!​ ​ Esse podcast contou com o apoio da Transfero Group, nossa parceira em criptoativos!

Join Rob Foxx from FIPCO as we discuss Cybersecurity threats and some things you can do to avoid them.  What does your cyber insurance cover and what do cyber claims look like?For more information on BankTalk:BankTalk WebsiteSubscribe to BankTalk NewsRemedy Consulting WebsiteRemedy LinkedInTo speak on the BankTalk Podcast, please email us.

FinTechs have multiple options for revenue generation, and in this episode, I am going to discuss some of the most common and easily understood revenue sources as well as some of the more complicated ones that tend to lead to pushback from regulators!  If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.    Today's episode: [00:39] An overview of today's topic: The different business models that FinTechs use to make money.  [02:11] Examples of the types of fees that FinTechs charge.  [04:31] How FinTechs can make money from proprietary trading.  [04:57] Some of the FinTechs that offer subscriptions to generate revenue.  [08:00] How FinTechs can make money through advertising revenue and affiliate commissions (and the criticism that this approach often receives).  [11:49] The controversial practice of charging inactivity fees.   [12:45] How FinTechs can make money through investing customer balances and why this is a risky route to take.  [14:11] My thoughts on why advertising revenue and commissions are problematic ways of making money for FinTechs. [17:03] Do you know of any other sources of revenue for FinTechs?  [17:33] The benefits of investing in my FinTech Compliance Self-Starter Package!    Show links: Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.

This recording is from Fintech Nexus USA held at the Javits Center in New York City on May 10-11, 2023.Session: "How Fintechs and Regulators Can Lean on Each Other to Protect the Retail Investor" from the Engaging With Regulators Has Never Been More Important track - in partnership with the American Fintech CouncilFeaturing:Lule Demmissie, eToroJames Siciliano, Deloitte

En este episodio platicamos con Miguel Armaza, socio fundador de Gilgamesh Ventures, sobre el estado actual de las Fintechs en EE.UU., México y LATAM. Retos y oportunidades hacia adelante en un ambiente mucha más retador que hace algunos años, así como el fin último que debería tener cualquier Fintech: aumentar el tamaño del "pay", en lugar de redistribuirlo.

Nesse episódio recebemos os convidados Semi Kim e Ronaldo Franca para um papo sobre Fintechs e Insurtechs, descubra como elas surgiram e passaram a operar no Brasil e como elas estão beneficiando o mercado financeiro e coexistindo com grandes corporações, entenda também como a AWS contribui com esse segmento.

Miguel Armaza sits down with Tidjane Deme, General Partner of Partech Africa, one of the largest Africa-focused venture capital funds with close to $500 million in assets under management. Some of their investments include TradeDepot, Wave, Yoco, Reliance, and Nomba.We discuss:A deep dive into the African Fintech landscape and what he's learned from the most innovative companies and markets in the continentFundraising lessons from building one of the first and largest dedicated African VC fundsImportant differences between VC investing in Africa vs US/EuopeLaunching Partech's annual Africa Tech Venture Capital Report… lots more!Want more podcast episodes? Join me and follow Fintech Leaders today on Apple, Spotify, or your favorite podcast app for weekly conversations with today's global leaders that will dominate the 21st century in fintech, business, and beyond.Do you prefer a written summary, instead? Check out the Fintech Leaders newsletter and join 55,000+ readers and listeners worldwide!Miguel Armaza is Co-Founder & Managing General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.Miguel on LinkedIn: https://bit.ly/3nKha4ZMiguel on Twitter: https://bit.ly/2Jb5oBcFintech Leaders Newsletter: bit.ly/3jWIpqp

This recording is from Fintech Nexus USA held at the Javits Center in New York City on May 10-11, 2023.Session: "Funding Lending Strategies for Fintechs from Pre-Launch to $20M+" from the Fintech Investing Set to Rebound track - Sponsored by Allen & OveryFeaturing:Alec Randall, SivoWill Shao, CoVentureModerator: Todd Anderson, Fintech NexusTo receive updates about the 2024 Fintech Nexus USA event, join our LinkedIn event here:  https://www.linkedin.com/events/fintechnexususa20247063890713540734977/

Estamos vivendo uma nova geração de fintechs. A primeira geração foi muito marcada pelo Nubank (e o banco completou 10 anos recentemente!)... Mas e agora, o que está definindo as novas instituições financeiras? A setorização. Ok, ok: advogado usou ChatGPT em processo... e deu ruim! Entenda a melhor forma de usar o ChatGPT no direito Termômetro: Quente: NVIDIA atinge US$ 1 trilhão de valor de mercado Morno: Uber Eats contará com 2 mil robôs para entregar delivery nos EUA Frio: Amazon terá que pagar multas por conta de falta de privacidade dos usuários A apresentação é de Tainá Freitas, com roteiro do time de Conteúdo da StartSe e edição de Aerolitos. StartSe, a plataforma da educação do agora. www.startse.com

This recording is from Fintech Nexus USA held at the Javits Center in New York City on May 10-11, 2023.Session: "How Emerging Fintechs Benefit Banks" from the Lending, Banking & Payments: SMB Fintech Comes of Age track - Sponsored by Discover.Featuring:Liz Nutting, DiscoverFonta Gilliam, WellthiTo receive updates about the 2024 Fintech Nexus USA event, join our LinkedIn event here:  https://www.linkedin.com/events/fintechnexususa20247063890713540734977/

This recording is from Fintech Nexus USA held at the Javits Center in New York City on May 10-11, 2023.Session: "Fast, Flexible, Functional: Smart growth decisioning for fintechs " from the Consumer Lending: Personal Loans, Cards and BNPL track - Sponsored by ExperianFeaturing:Steve Eichenlaub, ExperianTo receive updates about the 2024 Fintech Nexus USA event, join our LinkedIn event here:  https://www.linkedin.com/events/fintechnexususa20247063890713540734977/

Join Cal Roberson of Integris as we discuss the need for technology expertise on community bank Boards of Directors. What are the risks of having a less-than-tech-savvy individual heading up your technology sub-committee? Join us to find out. caltech.com/ For more information on BankTalk:BankTalk WebsiteSubscribe to BankTalk NewsRemedy Consulting WebsiteRemedy LinkedInTo speak on the BankTalk Podcast, please email us.

The growth of Fintech has led banks to examine opportunities in acting as a sponsor bank and offer Banking as a Service. This offers opportunities for innovative banks, but success is not guaranteed. In this episode, Michael Haney, the head of product strategy at Galileo, discusses the tools needed to be successful in Banking as a Service (BaaS).  We cover how to identify opportunities, what banks need to have in place to launch a program, and how to manage the business. The IPA thanks our member sponsor, Netspend, for helping to make this show possible. This podcast was recorded on May 18, 2023. Things may have changed by the time you hear it.

Tom Braegelmann, Experte für Krypto- und Insolvenzrecht bei Annerton, erklärt, warum die Markets in Crypto Assets Regulation und das Zukunftsfinanzierungsgesetz die rechtliche Situation für betroffene Fintechs entspannen.

No nosso podcast trazemos alguns dos mais relevantes líderes do Brasil e do mundo para debater temas fundamentais para uma sociedade livre e próspera. https://open.spotify.com/show/5YjLMRg...

In this episode, we are taking a closer look at the relationship underpinning much fintech innovation in payments – the fintech, bank, and BaaS trilogy. These 3-way partnerships have spurred innovation, increased access to financial services, and created offerings that appeal to a broad range of businesses and consumers. But in the context of these 3-way partnerships, new and existing risks abound, and relationships between counterparties are not well-established – making this a perfect haven for bad actors. Join us as we explore the current state of payments risk management across these alliances, and discuss the opportunities to make this new landscape safe, strong, and sustainable.  

Join Scott Hildenbrand of Piper Sandler as we discuss a few topics that your board and management teams may be asking in light of the SVB failure. How are you approaching uninsured depositors, and are you utilizing all investment options are a couple of the topics we cover in this episode. For more information on BankTalk:BankTalk WebsiteSubscribe to BankTalk NewsRemedy Consulting WebsiteRemedy LinkedInTo speak on the BankTalk Podcast, please email us.

How banks are partnering with Fintechs to achieve digital transformation and goals for a better user experience.

Our expert host, David M. Brear, is joined by some great guests for this latest edition of Fintech insider Focus! In the latest strand of Fintech Insider, in association with Visa, we taking a burning question from financial services across the globe and put it under the microscope with explainers, expert panels, and in-depth interviews – all to bring the global community into focus. In this episode, we're looking at how great UX spurred on a whole generation of fintechs in Europe, how the banks have fought to catch up, and what the move of Big Tech into this space means for the future of financial services. This week's guests include: Emma Kerr, SVP - Strategic Partnerships - Europe, Visa Axel Cateland, CEO, Spendesk Finanical Services Vasily Starostenko, Head of Product, Revolut This episode is sponsored by Visa Visa's Fintech Fast Track program is streamlining the onboarding process for fintechs – enabling them to gain access to Visa's powerful capabilities and network. Visa and their enablement partners help fintechs launch and scale cards, virtual credentials, and disbursement programs. To learn more visit, partner.visa.com. Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. It's hosted by a rotation of 11:FS experts including David M. Brear, Ross Gallagher, Benjamin Ensor, and Kate Moody - as well as a range of brilliant guests. We cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email podcasts@11fs.com! Special Guests: Axel Cateland, Emma Kerr, and Vasily Starostenko.

Hi everybody.Did you know the financial services industry is undergoing what my guest expert calls a "third wave"? Even better, did you know that the Fintech revolution that's driving this is, and will, offer lots of opportunities for those who possess all kinds of skill sets? Sound interesting? If so, you'll definitely want to hear what Dami Payne, of Canopy Servicing, has to say on this episode of Looking Forward: Opportunities for Job, Career, Business, and Investment Seekers.Among other things, Dami talks about (1) the first two "waves" of the Fintech revolution, and the "third wave" that will now cause this industry to explode, (2) two areas of the world that have led the Fintech revolution, (3) some businesses that have led the Fintech explosion, (4) what impact AI might have on Fintech, and (4) how the Fintech industry may evolve thru the rest of this decade. In true Looking Forward fashion, you'll also learn about the myriad opportunities Fintech presents for job and career seekers, entrepreneurs, businesses, and investors. Dami also provides some great tips on how you can capitalize on these opportunities. Now a little more about Dami. Dami Payne is Product Lead and Head of Client Delivery at Canopy, a US fintech that is building the next generation of lending infrastructure. He formerly worked at Oaknorth Bank, one of the largest startup banks globally. He also launched the banking product at Fluidly, a Financial AI startup acquired by Oaknorth Bank in 2021. Before working in product development, Dami worked in strategy, system architecture, and engineering consulting for large financial service companies across Europe, East Asia, and the US. He is also an Angel investor in over 10 Fintechs in the UK, US, and West Africa, and is an advisor for several startup incubator programs in New York and London. In addition, Dami is a contributor to several blockchain finance communities.**You'll find more information about my business, Jeff Ostroff & Associates, LLC, in the middle of this episode and by visiting https://www.jeff-ostroff.com/On the website, you can also contact us about the various marketing and communications services we offer, such as (1) podcast hosting, creation, consulting, and column writing, (2) professional voice overs, (3) B2B/B2C interviewing for individuals and businesses looking to promote themselves or better understand their customers and prospects, (4) consulting/training on how to excel behind or in front of the microphone as an interviewer or guest, and (5) senior marketing assistance. (Hey, I've actually written a book about that!) You can also reach me at jeff@jeff-ostroff.com** If you enjoy this episode, please be sure to tell your family, friends, and other members of YOUR network about it… and encourage them to listen to it, too. Also, please give it a "like" and/or a good review. And, hey, go ahead and subscribe to this podcast. :)-Looking Forward is THE podcast about the OPPORTUNITIES created by global trends, now and into the future, and how YOU might capitalize on those: Think... jobs, careers, business start-ups, ventures, investments, life enrichment.Guests are experts in their field, and most are C-suite executives, household names, authors, and/or from prestigious universities or similar organizations.Looking Forward is a great source for media outlets, podcast producers, telecom companies, audio publishers, etc. to include as part of their content. This is what MTN, the gigantic telecommunications company in Africa, is doing.To discuss revenue-sharing opportunities to distribute our

Till Christopher Otto von Paytechlaw erklärt, was das Zukunftsfinanzierungsgesetz für Fintechs in Deutschland bedeutet, wie es bisher lief und was die Lösung für Auswirkungen auf Emittenten hat.

Join Tyler Barron of Encapture as we discuss additional regulatory requirements that are about to be added to Dodd-Frank. For more information on BankTalk:BankTalk WebsiteSubscribe to BankTalk NewsRemedy Consulting WebsiteRemedy LinkedInTo speak on the BankTalk Podcast, please email us.

Miguel Armaza sits down with Itai Damti, CEO & Co-Founder of Unit, one of the leading banking-as-a-service and embedded finance providers in the US. Launched in 2019, Unit is backed by Accel, Better Tomorrow Ventures, Insight, Flourish Ventures, and many more.Itai is also a serial entrepreneur, having previously co-founded two companies in the financial industry back in Tel Aviv and Hong Kong.We discuss:Learning from successes and failures of building companies around the worldEmbracing "atomic" problem-solving and why this is incredibly important in product and company managementWhat fintech founders should keep in mind when partnering with banks and financial institutionsFundraising lessons and why you should not ignore investor feedback… and a lot more!Want more podcast episodes? Join me and follow Fintech Leaders today on Apple, Spotify, or your favorite podcast app for weekly conversations with today's global leaders that will dominate the 21st century in fintech, business, and beyond.Do you prefer a written summary, instead? Check out the Fintech Leaders newsletter and join 53,000+ readers and listeners worldwide!Miguel Armaza is Co-Founder & Managing General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.Miguel on LinkedIn: https://bit.ly/3nKha4ZMiguel on Twitter: https://bit.ly/2Jb5oBcFintech Leaders Newsletter: bit.ly/3jWIpqp

Lex chats with David Hoare, the CTO and co-founder of Codat - a universal API platform that connects small businesses to banks and other financial platforms. Together they discuss the value behind data aggregation, API integrations, SME enablement via APIs and the complexities involved in connecting large institutional businesses to API platforms. Additionally, Dave breaks down how the COVID-19 pandemic created an unexpected opportunity for Codat to help large banks deliver funds to smaller businesses in need of financial assistance. He also emphasizes the importance of buying APIs via API platforms like Codat rather than building it in-house, and so much more! MENTIONED IN THE CONVERSATION Codat's Website: https://bit.ly/3LfoYZ1Dave's LinkedIn profile: https://bit.ly/3HnvV90 Topics: API, payments, embedded finance, fintech, payments, integration, automation Companies: Codat, Experian, PayPal, Plaid, Stripe ABOUT THE FINTECH BLUEPRINT 

On today's episode I have the pleasure of speaking with Jess Anuna, Founder and CEO at Klasha. Klasha is financial technology company on a mission to build cross-border payment solutions for African consumers. Jess and I talk about a few things on this episode, from the challenges of raising capital on the continent, to Klasha migrating all their workloads onto AWS as they continue to Scale. Enjoy! Learn more about Klasha (https://klasha.com/business) You can also learn more about Fintechs and Startups on AWS (https://aws.amazon.com/startups/ or https://aws.amazon.com/startups/FinTech/)

Mary Ellen Iskenderian, President and CEO of Women's World Banking joins us to discuss the importance of women's financial inclusion. We look at the topic of women's financial inclusion from various angles, including digital literacy, social norms and impact investing, and we also look at some of the research that tells us that this is not just a moral imperative but also an objective that makes commercial sense. Women's World Banking is a 44-year old global non-profit organisation and they currently work with 65 partners in 36 countries. Their partners include a range of organisations, such as mainstream banks, FinTechs, mobile money provides and non-bank financial institutions that recognise the commercial potential of serving low-income women in a responsible and sustainable way. Thank you for downloading this episode of the Do One Better Podcast. Visit our Knowledge Hub at Lidji.org for information on 200+ case studies and interviews with remarkable leaders in philanthropy, sustainability and social entrepreneurship.   

On today's episode I had the pleasure of speaking with not one, but two Co-founders Laura Spiekerman, President & Co-founder at Alloy. As well as Charles Hearn, who is the CTO & Co-Founder at Alloy. On this episode we discuss a variety of topics from product evolution to trends as well as the recent emergence of Reg-Tech in Fintech. Enjoy! Learn more about Alloy (https://www.alloy.com/). Also check out a recently published blog on how Alloy built on AWS here. https://aws.amazon.com/blogs/startups/alloys-global-identity-decisioning-platform-built-on-aws/ You can also learn more about Fintechs and Startups on AWS (https://aws.amazon.com/startups/ or https://aws.amazon.com/startups/FinTech/)

The recent banking crisis has highlighted the need for FinTechs to take a strategic approach to their current and future bank partner relationships. With bank regulators focusing their attention on exactly these types of arrangements in recent years, there are today a number of hurdles for FinTechs to overcome as they execute on these critical business partnerships. In this episode, partners Rohith George, Eric Mitzenmacher and Jeff Taft, along with host Julian Dibbell, explore the impact of recent bank failures and unpack what they mean for FinTechs as they enter into relationships with new bank partners who are facing regulatory scrutiny regarding third party risk management.

Kailee Costello hosts Kurt Lin, CEO and Co-Founder of Pinwheel, a leading payroll connectivity API provider. Pinwheel's mission is to create a fairer financial system, by enabling consumers to share their payroll and income data with financial institutions, which then use this data for direct deposit switching, income and employment verification, earned wage access, and more. In this episode you will hear about: - Pinwheel's vision to help fintechs and financial institutions to build products that will lead to better financial outcomes for customers - How Pinwheel's API is currently being used for direct deposit and earned wage access, and what the next generation of use cases will look like - Pinwheel's survey insights on blindspots in the financial services industry - How the current macroeconomic environment has increased the need for real-time payroll data - Pinwheel's “north star” metric, and key factors that have contributed to Pinwheel's success - Why Pinwheel brought on the former first-ever deputy director of the US Consumer Financial Protection Bureau as an advisor - And much more! About Kurt Lin Kurt Lin is co-founder & CEO of Pinwheel, the leading payroll connectivity API. The son of two immigrant parents, Kurt saw how the lack of credit history created a greater struggle for them to access and secure financial products. This experience became a driving force for him and his co-founders to create Pinwheel. Prior to Pinwheel, Kurt has been involved in multiple startup acquisitions: first Idean and later with Luxe. About Pinwheel Pinwheel is the market-leading income and employment API. With Pinwheel, fintechs and financial institutions are empowered to build the next generation of financial products that will help create a fairer financial system. Pinwheel provides access to consumer-permissioned income & employment accounts and actionable insights that help them make sense of the data they need to tailor their tools and services for consumers. Fintechs and financial institutions leverage Pinwheel to power direct deposit switching, earned wage access, income & employment verification, and build innovative new products. For more FinTech insights, follow us on WFT Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech WFT Instagram: instagram.com/whartonfintech Kailee's Twitter: @KaileeCostello_ Kailee's LinkedIn: https://www.linkedin.com/in/kaileecostello/

On this episode I had the pleasure of speaking with Will Uppington CEO and co-founder at TruEra. Will breaks down the definitions of AI (Artificial Intelligence and ML -Machine learning). He also provides insights to trends in the AI space (such as Generative AI, which is quite popular at the moment) and how AI is influencing Fintech as a whole. Learn more about TrueEra (https://truera.com/) You can also learn more about Fintechs and Startups on AWS (https://aws.amazon.com/startups/ or https://aws.amazon.com/startups/FinTech/)

Andrew Janssens hosts Rex Salisbury, General Partner at Cambrian Ventures. Rex recently launched Cambrian, a solo-GP fund, after three years at Andreesen Horowitz establishing their Fintech team. In his last appearance on the podcast he talked about setting up the Cambrian fintech community (formerly Fintech Devs & PMs meetup). Cambrian is a U.S fintech fund investing $500K non-lead checks in Fintechs at the pre-seed and seed level. The Cambrian community allows Fintech founders and operators to connect via their slack channel and regular activities such as bi-annual founder matching. In today's episode we cover: -The evolution of Fintech Devs & PMs into the Cambrian community - Rex's investing philosophy - Rex's fintech predictions for 2023 - And much, much more For more FinTech insights, follow us below: WFT Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech WFT Instagram: instagram.com/whartonfintech Andrew's Twitter: twitter.com/Adhjanssens Andrew's LinkedIn: linkedin.com/in/andrew-p-janssens/

Moody's analysts discuss the rescue of Credit Suisse, and explain why some fintechs have thrived even in adversity. Also, a look at the ongoing effects of the Russia-Ukraine conflict on CIS banks.Speakers: Michael Rohr, Senior Vice President, Moody's Investors Service; Dietmar Hornung, Associate Managing Director, Moody's Investors Service; Vladlen Kuznetsov, AVP – Analyst, Moody's Investors Service; Petr Paklin, AVP – Analyst, Moody's Investors Service; Daniel Yu, VP – Senior Credit Officer, Moody's Investors Service; Arlene Sohn, Analyst, Moody's Investors Service; Rodrigo Marimon Bernales, Analyst, Moody's Investors Service; David Yin, VP – Senior Credit Officer, Moody's Investors ServiceHosts: Carolyn Henson – VP, Senior Research Writer, Moody's Investors Service; Danielle Reed, VP – Senior Research Writer, Moody's Investors ServiceRelated Research:Financial Stability – Switzerland: Low sovereign credit risks from events leading to UBS's takeover of Credit Suisse unless contagion spreadsBanks – Europe: Credit Suisse rescue and related liquidity measures protect senior bank creditors, but AT1 bondholders bear a costBanks - Commonwealth of Independent States: Ukraine invasion provides gains for some CIS banks but long-term challenges mountBanks – Australia: Challenges for new banks are increasing but opportunities to grow still remainBanking – South Korea: Expansion of Korea's virtual banks a credit negative for incumbentsBanks – Mexico: How challengers are unlocking Mexico's underserved credit market

Innovative payment processing fintech company.