It's a fascinating time in digital banking, as tech-forward banks in the UK, US, Europe and elsewhere race for product and geographic coverage and players like Apple and Goldman Sachs, who recently announced a credit card partnership, encroach on retail banks' turf.
I thoroughly enjoyed this conversation. As you’d expect, Ricky brings a lot of insight to this topic.
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Thank you very much for joining us today. Please welcome, Ricky Knox.
Francesco Simoneschi is the Co-Founder and CEO of TrueLayer, an Open Banking API platform.
Since Open Banking went live early last year, progress has been slow, and reviews have been mixed. At the same time, companies like Plaid and Quovo in the US and Tink and Bud in Europe have raised eight- and nine-figure rounds to scale platforms to support the innovations Open Banking promises.
TrueLayer is squarely in the mix of leading Open Banking API platforms, quickly rolling out functionality and seeking full coverage of Europe by the end of the year.
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Thank you very much for joining us today. Please welcome, Francesco Simoneschi.
Lex Sokolin started a roboadvisor way back in 2009, which was eventually sold to AdvisorEngine. As a result of that experience, and the strategy and advisory work he's done since, Lex has unique insight into the evolution of the digital investments space, one of the fastest moving areas of fintech today.
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Thank you very much for joining us today. Please welcome, Lex Sokolin.
SME banking is a particular interest of mine, as long-time listeners know.
We've covered it from a number of angles on Rebank, including challenger banking with OakNorth, digital lending with iwoca and Spotcap, payments with GoCardless and support services with Xero, to name a few.
If one area of fintech has been getting increasing interest lately, it's SME banking, and it's about time.
Last week, Pool A of the RBS Capability & Innovation Fund was allocated, with massive cash grants going to winners Metro Bank, Starling and ClearBank to enhance existing business current account offerings. The cash injections are sure to shake up competition in the space.
Today, we're joined by Richard Davies to talk through recent developments and the broader trajectory of the space. Richard runs business banking and sits on the Executive Committee at TSB, the UK's 7th largest bank.
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Thank you very much for joining us today. Please welcome, Richard Davies.