Payments Innovation: Fintech | Innovation | Ecommerce

The term “disruption” doesn’t just get thrown around occasionally. “Disruption” gets thrown around incessantly — especially in tech, and, perhaps even more especially in fintech. Let us introduce perhaps the one founder who is not actually trying to disrupt traditional banking. Meet Eric Solis, a 3-time fintech founder, former SVP of investments for Merrill Lynch, former VP of Investments for Prudential Securities, a full stack entrepreneur with educational credits in bitcoin, AI, and business from MIT, Oxford, and Stanford. Eric came on the Payments Innovation podcast to share about his latest creation — MovoCash, and how he’s using it to solve problems for the underbanked, without disrupting traditional banking. What we talked about: What is MovoCash Eric says they solve 3 problems traditional banks couldn’t: 1) Guaranteed payment 2) Getting money off the ledger  3) Preventing fraud & creating denominations Eric’s not actually out to disrupt the banks To ensure that you never miss an episode of Pa

Across the United States, challenger banks are springing up, such as Chime and Simple. But, within the US, most of these don’t actually have their own charter. Meet Varo Money — the digital bank that wants to become the first challenger bank to receive its own US charter. I spoke with Wesley Wright, Varo’s COO, on the Payments Innovation podcast to hear about why pursuing their own charter is so important. Wesley’s response? Because they want to own the entire customer experience. What we talked about: Traditional banks haven’t responded to everyone’s needs Varo focuses on long-term, core banking relationship with customers Varo’s goal: own the customer experience The sponsor bank model versus being a chartered bank What would need to change to become their own charter How does Varo determine which processes to keep in house and which to outsource? Varo’s “customer-centric” approach To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here.  Until ne

Have you ever tried purchasing life insurance? It seems like it should take less than 60 minutes, but it rarely takes less than 60 days. So Yaron took that process, laden with pdfs, phone calls, and paperwork, and turned it inside-out, co-founding Haven Life. On this episode, Yaron gives his insights on: Why buying term life insurance has been so difficult traditionally Giving customers what they need Allowing customers to purchase how they want How Haven Life is using modern tech to align with the customer Rapid application approval How Yaron defines success Yaron’s insights into the future of insurtech To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here.  Hosted on Acast. See acast.com/privacy for more information.

It would be easy to chalk Brandon’s passion into something driven by his near-death experiences. But that’s only half the story.  Brandon Dewitt is CTO at MX, a company that grew from the merging of his own company, MyJibe. At his heart, he’s a computer scientist. He wants to help people solve real-life problems, by separating out those things computers do well to help people with their lives. But a while back, he found out he had over a dozen tumors. The docs gave him 30 to 90 days. That was over 4 years ago. On this episode of the Payments Innovation Podcast, Brandon discusses his passion for consumer-friendly, computer-driven financial analysis built for the everyday person. What we talked about: Everyday people need a different financial visualization Visibility for consumers Showing a consumer’s “trajectory,” with colors and graphs, not just the exact numbers Consumers don’t want to look at their own numbers The banking industry is becoming more consumer-focused Banks actually want to do what’s best fo

Problem: Local financial institutions don’t have the access to resources or multiple branches that a larger bank like JPMorgan has. So, usually, local community lenders find a niche, and double down on 1 type of lending products. But, that creates at least 2 problems: An over concentration in geography An over concentration in 1 lending product So Ian Lampl stepped in, and by comparing lending to the bond market, LoanStreet was born. On this episode, Ian tells us all about his end-to-end lending platform that 600 local financial institutions are already falling in love with.  What we talked about: Community lenders had 2 problems: geography & product Most people thought ‘matching’ would solve the issue The problem wasn’t ‘matching.’ The issue was infrastructure How LoanStreet modeled their loan platform after the bond market LoanStreet’s platform is actually better than the bond market’s standardization model  Example LoanStreet in action To ensure that you never miss an episode of Payments Innovation

“I don’t have that much cash available. Is there any way I can get a loan to finance this?”  “I’m sorry, not really,” said the dentist. Adam Rice overheard the conversation, and the idea for Loan Connect was born. Their goal is simple: provide Canadians with personal loans that lenders actually compete to provide.  On this episode, Adam discusses how the platform works, and how it’s defying the odds (and the banks) in Canada. Adam is the CEO and Founder of Loan Connect, with an MBA from UNSW, and a Masters in Communication and Management from UWO. What we talked about: Loan Connect had a “chicken-and-egg” problem Canadian banks are slow to change Example of getting a personal loan in Canada  Loan Connect’s desire to help the end-user Why Adam went around the “big 5” & focused on credit unions.  Traditional Canadian banking Fintech in Canada Lending/borrowing in Canada To contact Adam:  Email him at adam@loanconnect.ca Connect with him on his LinkedIn To ensure that you never miss an episode of Paymen

Richard Donaldson is the VP of Management and Marketing for Requis, a technology company that according to their website “connects buyers and sellers, enabling enterprises to procure, manage, and dispose of assets with greater visibility, simplicity and capital efficiency.”  Richard joins us on the Payment Innovations podcast to share his insights for how the future of enterprises are changing, all because of the way that their company is changing asset management.  There is a very large gap of technology solutions of the enterprise supply chain, which Requis is working on filling.  Of the global 2,000 enterprises (as measured by Forbes) those companies represent more than $12 Trillion of procurement per year. Their massive amount of buying and selling each year adds up to over $20 Trillion  per annum--which is the same size as the entire US economy based on GDP. That’s twice as big as the consumer economy! In order to keep all of this working like clockwork, Requis has four main pillars which are the keys to

Financial services make plenty of sense. If you are a financial services professional. But what about the rest of us?  On this episode of the Payments Innovation Podcast, our guest Carey Ransom joined us to discuss his passionate belief that financial services should revolve around the average human’s life. What we talked about: People in financial services understand the financial game. But what about the rest of us? Customer-focused product dev vs. profit-focused profit dev The 1 product Carey is particularly proud of — Payoff The 1 problem Carey is waiting for a founder to solve:  AI & ML in fintech Checkout these resources we mentioned during the podcast: Carey’s podcast, AccelerateOC To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here.  Until next time! Hosted on Acast. See acast.com/privacy for more information.

Successful people get our attention. We’re fascinated by how they got to where they are. Well on the latest episode of the Payments Innovation podcast, we didn’t just interview someone successful. We interviewed Brendan Holt Dunn who’s carrying on his family’s legacy — five generations’ worth of successful business. Brendan is the CEO at Holdun Family Office and Founder at Holt Fintech Accelerator.  He came on the show to talk about his family, their businesses, and their fintech accelerator. To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here.  Until next time! Hosted on Acast. See acast.com/privacy for more information.

Marqeta isn’t your usual sort of fintech. They don’t wrap their API into a legacy system. They own everything, from the hardware, to the API. Dave Matter, Head of Global Product Strategy at Marqeta, recently joined us on the Payments Innovation podcast to discuss what he sees as the future of banking, and how their unique product is taking advantage of financial service opportunities around the globe. Dave has worked in fintech with digitizing student loan processing, and with investments, mortgages, Quicken loans … you name it, he’s done it.  What we talked about: How Marqeta has no middle layers and is a full stack, fully certified program manager How Marqeta works with the issuing banks The advantages of working with Marqeta 1 — Time to market 2 — Marqeta supports various form factors 3 — Onboarding time for customers 4 — Different country, same interface The future of Marqeta To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here.  Until n

When it comes down to payments and foreign exchange exposure, small and medium sized businesses don’t have a good understanding of what it’s costing them. It varies from company to company, obviously, but even the big companies can be oblivious to the charges — up to 5%. On this episode, I talked with Pourash Pant, co-founder of Tigerflo Global Payments, about why most SMBs don’t even realize how much they’re losing. What we talked about: The reality of foreign exchange payments losses Why SMBs are particularly susceptible to the “used car dealership model” Average losses for small businesses and medium businesses Educating SMBs in foreign exchange solutions The next 5-10 years in FinTech To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here. Hosted on Acast. See acast.com/privacy for more information.

A lot of people ignore the middle part of the United States.  The “flyover” states, as they’re called, get a bad rap. They’re ignored for the likes of New York, LA, Silicon Valley, and Austin.  But there is so much happening in Middle America. Incredible things really.  On this most recent episode of the Payments Innovation Podcast, we sat down with Nikkee Rhody, Vice President of Product Development and Marketplace Strategy at Central Payments, and Co-Founder and Managing Director at Falls Fintech.  We talked about Middle America, what’s going on with Falls Fintech, a fintech accelerator, and what their plans are for the coming year. Hosted on Acast. See acast.com/privacy for more information.

For many businesses, the 2008 financial crisis was a death blow. But for at least one opportunistic entrepreneur, it was the moment he made a game-changing dive into a fintech business. David Gens is the Founder, President, and CEO of Merchant Growth, a fintech specializing in delivering financing to small retail businesses in Canada. David joined me on the Payments Innovation podcast to share how he’s leveraging AI to deliver game-changing financing to small business. What we talked about: How the 2008 financial crisis impacted financial services Traditional financial institutions aren’t really competitors anymore in the small business financing arena David’s first challenge was building trust with small business owners  David alleviated some of the trust issues by partnering with big-name logos Merchant Growth’s financing structure: built on data Leveraging AI to drive financing One fintech CEO’s predictions about the financial services Small retail businesses needed a new funding source after the 2008

As a Business Development Rep, Brady is experienced in enterprise-level solution selling with determination to learn and master complex industries.  With years of experience Brady has worked for Healthify, TruClinic, and Better before joining the Currencycloud team. In this episode we welcome Brady to the hosting team at the Payments Innovation podcast.  Hosted on Acast. See acast.com/privacy for more information.

On this episode of the Payments Innovation Podcast we sit down with Bill Dague a Senior Data Scientist at Quandl. Before he began working with Alternative Data at Quandl he was at Nasdaq, before they acquired Quandl.  According to Bill, the world of data science is changing, for employees dedicated to working in the field, and companies seeking to maximize revenue by leveraging its power through data.  Sometimes, the byproduct data can help companies to sort out the following unexpected benefits: -new consumer insights -deeper understanding of consumer trends and habits -competitive dynamics by industry -broader overall picture of the economy Data can come from anywhere, which is why it’s such an important field. Due to the ubiquity of the data available to companies, Bill explains that we are only now just beginning to scratch the surface of how that data can be relevant and useful to companies. For instance, most data is tied up in a small handful of companies. Bill shared that from his perspective it appea

Cara has a passion for helping community banks and credit unions survive and thrive. As the daughter of parents who were small business owners she understands the importance of community financial institutions to the survival of small and medium size businesses who provide the majority of jobs for the American people. At Currencycloud, Cara partners with financial institutions to provide better solutions for their commercial customers looking to facilitate global business. Prior to joining Currencycloud, Cara spent 4 years at CBANC as the Director of Business Development helping community banks, credit unions, and their vendor partners navigate complex challenges in the industry. Before that she spent over six years at Barclays in New York as a VP in Sales where she was responsible for securing large hedge fund mandates for the firm. Cara holds a BS in Business Administration from the University of New Hampshire where she concentrated on entrepreneurship. When she’s not learning what keeps community financi

76% of banks use fintechs for payment solutions for their corporate clients. Why, then, are some banks still stuck in the Dark Ages? Craig Jeffery, Managing Partner at Strategic Treasurer LLC fills us in on the latest B2B Payments Survey Report and his predictions for the future of bank/fintech relationships. In this episode, we cover: The current landscape of B2B payments Improving enterprise customer experience Protecting against fraud To listen to this episode and more like it, subscribe to Payments Innovation on Apple Podcasts or wherever you listen to podcasts. Hosted on Acast. See acast.com/privacy for more information.

Natalie Cartwright and her team at Finn AI have a mission: to improve the financial well-being of 100M people by 2025. And they’re leveraging AI to achieve that mission.  What we talked about: How Finn AI is applying AI in the financial services industry How do virtual assistants create more value for customers? How do virtual assistants create more value for financial institutions? Check out these resources Finn AI Natalie’s LinkedIn To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here.    Until next time! Hosted on Acast. See acast.com/privacy for more information.

Since the 80s, we’ve watched automation make the buy side of trading much more effective. But when it comes to the retail side, the technologies haven't evolved at all.  But that’s where Quantreex comes in. It’s a web based trading platform that allows you to create automated trading strategies in under a minute. It also leverages AI and machine learning to help you control risk and increase returns. On this episode of the Payments Innovation podcast we caught up with Ali Kousari, Co-Founder of Qantreex, to get an inside look at why this solution works and what it could do for you. Hosted on Acast. See acast.com/privacy for more information.

Ricardo Pero is changing the landscape for how and where small to medium businesses find capital funding. In 2016, he left JP Morgan to start SellersFunding. We got a chance to sit down with Ricardo to learn all about his inspiration behind starting his company and how his product will transform funding for these important enterprises.   From lead time to risk assessments, big banks and cash advance merchants have made it really difficult for these startups to get the funding they need. When your industry is growing on average 15-20% year over year, it doesn’t matter how good you are or how great your product is, you’re going to have an issue with your budget. And SellersFunding is stepping in to fill in the gap with an integrative solution to solve this once and for all. Hosted on Acast. See acast.com/privacy for more information.