Episode 508: When Does a Fintech Become a Bank

September 7, 2023 Rachel Williamson Breaking Banks 0:40:15 Comments Off on Episode 508: When Does a Fintech Become a Bank

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In This Episode

When does a fintech become what they set out to disrupt? 

  • Is it when they start offering bank-like products? 
  • Get a banking license? 
  • Is it when they go all-in and buy an actual bank? 

In this episode sister pod, Breaking Banks Asia Pacific, asks whether this is good, bad, or something else for competition. The Asian Banker founder Emmanuel Daniel says fintechs struggle to maintain their innovative edge when they get sucked into the bid to become a bank, and Wise’s Surendra Chaplot believes you can be bank-like and still forge a path that is sensitive to customer needs. What do you think?

About the Author
Rachel is a science and business journalist from New Zealand, writing and podcasting about technology, banking and climate change. As a foreign correspondent, her career has spanned the Middle East, South Asia and the Horn of Africa. Rachel has interviewed Silicon Valley entrepreneurs, politicians and Egyptian revolutionaries, Middle Eastern billionaires, Australian business leaders and former Philippines President Gloria Macapagal Arroyo. She is the Host of Breaking Banks Asia and Co-founder of Soundcraft Media.
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