Show cover of Fintech Files: Insights on TECH by BCG Platinion

Fintech Files: Insights on TECH by BCG Platinion

Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful conversations with industry disruptors from around the globe. Hosted by Nora Hocke, a manager at BCG Platinion in Munich, and Annika Melchert, a principal currently based in the Middle East. They specialize in IT strategy, modern tech architecture, and state-of-the-art banking. In their work, they've collaborated with some of today's most innovative Fintechs to transform their organizations; including supporting generative AI use cases. With their unique blend of tech expertise and passion, they bring you stories that capture the essence of the evolving Fintech landscape. This season, we're thrilled to introduce Bianca Lopes. Originally from Brazil and currently based in Denmark, Bianca is an entrepreneur and economist with a remarkable background in digital identity and biometrics. Throughout her career, she has supported over 40 financial institutions and 8 governments, reshaping their approach to technology, reimagining identity, and driving innovation agendas. So, what are the most groundbreaking trends shaping the future of Fintech, and how will they impact your financial world? This season we want to explore questions such as how tokenization will transform business, the role of neobanks in reshaping financial services, and the impact of sustainable and regenerative finance on the industry. Get ready to deep dive into generative AI, digital identity, biometrics, wealth management, mobile payments, investment, and cloud transformation as we navigate these exciting topics this season. Fintech Files takes an accessible approach to technology. We break down complex topics and have our guests explain them in a relatable "explain it to your grandma" style. In every episode, we focus on real-world stories of how financial technology operates, demystifying complex concepts and making them relatable for both Fintech enthusiasts and professionals. Join us on this journey into the ever-evolving world of Fintech, as we keep a close watch on the cryptocurrency landscape, tackle cybersecurity challenges, delve into data analytics, explore artificial intelligence, and peek into the future of digital banking. Your voice matters, and we invite you to share your thoughts and dream guests with us at fintech-podcast@bcgplatinion.com. Your feedback shapes our content, ensuring it remains relevant, engaging, and informative. Fintech Files is here to guide you through the world of financial technology. For more information and to stay updated, visit our website at https://bcgplatinion.com/insights/podcast-fi/. Join us every two weeks on Fintech Files from BCG Platinion. The digital future is now. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy

Tracks

Introducing In Her Ellement from BCG
This week on Fintech Files, we're bringing you 'In Her Element' from BCG. A show featuring conversations with women at the vanguard of business, digital, and technology. We're delving into how these powerhouse leaders got to where they are—covering everything from the joy of projects gone right to the realities of family responsibilities. In this episode, AI and digital expert Suchi Srinivasan will be introducing fintech practice leader Kamila Rakhimova as her new co-host. If you like this episode, subscribe to 'In Her Ellement' from BCG wherever you get your podcasts to stay up to date with the show. Enjoy!About this Episode:Kamila takes us on a journey from her native Tajikistan to the USA and through a career that she has mapped out on her terms. Every few years, Kamila gets the itch to try something new. Back in her home country, her proficiency in English and her qualifications in international relations made her an asset in her field. She quickly discovered that microfinance could have a significant impact on underprivileged communities. This niche brought her to the US and eventually to Amazon.At Amazon, she spearheaded the Amazon Alexa Fund, which supported founders in creating innovative businesses. For her, the most meaningful part of the program was being able to launch the careers of underrepresented founders. When Kamila first moved to the US, she followed what she thought was the playbook for success. She quickly discovered that a one-size-fits-all approach didn't work for her. Now, she listens carefully to her inner voice and does things her own way.About Fintech Files:Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful conversations with industry disruptors from around the globe. So, what are the most groundbreaking trends shaping the future of Fintech, and how will they impact your financial world? Fintech Files takes an accessible approach to technology. We break down complex topics and have our guests explain them in a relatable "explain it to your grandma" style. In every episode, we focus on real-world stories of how financial technology operates, demystifying complex concepts and making them relatable for both Fintech enthusiasts and professionals.The Hosts of Fintech Files:Hosted by Nora Hocke, a manager at BCG Platinion in Munich, and Annika Melchert, a principal currently based in the Middle East, our hosts specialize in IT strategy, modern tech architecture, and state-of-the-art banking. In their work, they've collaborated with some of today's most innovative Fintechs to transform their organizations; including supporting generative AI use cases. With their unique blend of tech expertise and passion, they bring you stories that capture the essence of the evolving Fintech landscape.  This season, we're thrilled to introduce Bianca Lopes. Originally from Brazil and currently based in Denmark, Bianca is an entrepreneur and economist with a remarkable background in digital identity and biometrics. Throughout her career, she has supported over 40 financial institutions and 8 governments, reshaping their approach to technology, reimagining identity, and driving innovation agendas.We Want to Hear from You!Reach out to us at fintech-podcast@bcgplatinion.com with your questions, guest suggestions, or topics you'd like us to explore. Or just drop in to say hi! Visit our website at
22:26 4/2/24
Cloud for Value with Maxim Afanasyev, Financial Services Industry Lead at Google Cloud
How do we elevate our perspective of the cloud from merely a technological tool boosting efficiency, to a strategic ally that addresses key business challenges? Maxim Afanasyev, Financial Services Industry Lead at Google Cloud, shares his insights on the transformative approach of 'cloud for value' within the financial sector. This approach requires shifting focus from an infrastructure-centric view to embracing a strategy enriched with digital, data, and AI innovations. He articulates how this transition is not only reshaping the way financial services operate but also tackling the intricate regulatory landscapes that financial institutions navigate.  Discussion Highlights:Cloud Transformation in Financial Services: Maxim explains the concept of cloud transformation, illustrating its impact on financial institutions and how it enables them to better serve stakeholders like clients and regulators.From Cloud for Infrastructure to Cloud for Value: The evolution from traditional cloud services to a more value-driven approach, focusing on innovation, real-time data processing, and solving complex business problems.The Ethical Implications and Strategic Uses of AI in Finance: The transformative role of AI in the financial sector, highlighting ethical considerations, the importance of transparent and responsible AI deployment, and how AI is being strategically used. Case Study: HSBC's Anti-Money Laundering Initiatives: AI and cloud technologies are revolutionizing approaches to anti-money laundering, significantly reducing false positives while improving detection rates.Addressing Regulatory Concerns and Risks: Maxim shares how Google Cloud navigates the complexities of regulatory compliance and security concerns, ensuring financial institutions can adopt cloud solutions without compromising on governance.Customizing Cloud Journeys: We discuss the necessity for financial services to develop bespoke cloud adoption strategies that cater to their distinctive needs.  For more info on this, check out BCG’s article "Financial Institutions Need to Pursue Their Own Path to the Cloud.” Singapore's Regulatory Environment: Explore how Singapore is leading by example in fostering innovation through a 'Digital-first' regulatory approach and how this impacts the financial services industry and compares to the EU AI Act. The Future of Banking with Cloud Technology: Maxim forecasts the long-term effects of cloud-driven digital transformation on banking, including enhanced customer experiences, operational efficiencies, and regulatory compliance.About Fintech Files:Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful conversations with industry disruptors from around the globe. So, what are the most groundbreaking trends shaping the future of Fintech, and how will they impact your financial world? Fintech Files takes an accessible approach to technology. We break down complex topics and have our guests explain them in a relatable "explain it to your grandma" style. In every episode, we focus on real-world stories of how financial technology operates, demystifying complex concepts and making them relatable for both Fintech enthusiasts and professionals.The Hosts of Fintech Files:Hosted by
30:08 3/19/24
Interoperability in Africa's Financial Landscape with Alfred Mukudu, Financial Services Go-To-Market Lead at Amazon Web Services (AWS)
We dive into the complexities and opportunities within Africa's financial services sector with Alfred Mukudu, Financial Services Go-To-Market Lead at Amazon Web Services (AWS) South Africa. With over 50 countries and about 42 different currencies, Africa presents a unique landscape for financial innovation. Alfred shares insights into the critical role of interoperability, cloud-based solutions, and emerging technologies in driving digital transformation and financial inclusion across the continent.Discussion Highlights:Africa's Financial Landscape: Alfred provides an overview of the complexities and challenges posed by Africa's diverse market landscape, highlighting the varying regulatory environments and the need for tailored technology solutions across different countries.Interoperability in Financial Services: Alfred explains the concept of interoperability “to his grandma” and discusses its importance in fostering collaboration and driving digital innovation in Africa's financial services sector. Examples like M-Pesa in Kenya and emerging open finance regulations across several African countries are highlighted.Role of Technology in Financial Inclusion: The conversation delves into how cloud-based solutions, such as those offered by AWS, are making financial services more accessible and scalable in Africa. Alfred shares examples of innovative solutions leveraging machine learning and mobile channels to address challenges like identity verification and cross-border payments.  The conversation touches on open banking. Be sure to check out our episode “Revolutionizing the Future of Finance in the Middle East through Open Banking” with Emir Isik from Tarabut Gateway.  Investment in Infrastructure and Skills Development: Alfred discusses the significance of infrastructure investments, including AWS's cloud region in Cape Town, in advancing fintech development. He also emphasizes the importance of skill development programs in empowering local talent and driving economic growth.Internet Connectivity and Access: Around 30% of South Africans lack internet access according to a 2023 study from datareportal.com. The concentration of innovation often lies in urban centers and relies on alternative channels like USSD and SMS due to connectivity issues. By concentrating connectivity points and reducing data costs, broader adoption of fintech products could be achieved.Impact of Managed Services and Emerging Technologies: Alfred highlights the role of managed services and AI-driven solutions in simplifying technology adoption for businesses, with examples ranging from data analytics to machine learning. He also touches upon the potential of quantum computing and blockchain in addressing complex challenges like supply chain integrity.Future Outlook: Looking ahead, Alfred shares his optimism about the future of technology in Africa, from the short-term potential of machine learning to the long-term possibilities of spatial computing and the metaverse. He emphasizes the importance of regulatory clarity and technological innovation in driving Africa's digital transformation journey.About Fintech Files:Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful...
31:43 3/5/24
Navigating Compliance and Risk: The Crucial Role of Data with Camila Vicenci Witt, Chief Risk and Compliance Officer at InPay
How do companies combat financial crime and adhere to the strict regulations of our industry? Camila Vincenci Witt has unique insight as the Chief Risk and Compliance Officer at Inpay, a fintech specializing in facilitating cross-border payments. Camila shares the importance of data and data governance in compliance and risk, as well as highlighting the significance of leveraging diverse perspectives as a key strength of her team. Join us for this fascinating conversation with Camila!Discussion Highlights:MobilePay and Identity Verification: Camila delves into her experience working with MobilePay, a digital wallet leveraging the Danish Civil Registration System (CPR number) for identity verification, setting the stage for a discussion on the intersection of technology and compliance.InPay's Origins and Cross-Border Payments: We explore the genesis of InPay, born out of a mission to provide relief after the 2008 Myanmar natural disaster, unraveling the intricacies of cross-border payments and the challenges inherent in navigating diverse regulatory landscapes.Combating Fraud in Fintech: Camila sheds light on the perpetual battle against fraudsters and criminals in the fintech realm, underscoring the importance of proactive fraud prevention measures to safeguard customer assets and data.Data's Role in Risk Management: The conversation turns to the pivotal role of data in risk management, with Camila highlighting the significance of data quality, patterns, and behaviors in informing effective risk mitigation strategies.AI and Automation in Compliance: Camila discusses how InPay harnesses AI, automation, and machine learning to bolster compliance efforts, particularly in transaction screening, monitoring, and fraud detection, ushering in a new era of efficiency and effectiveness.The Significance of Data Governance: We delve into the importance of robust data governance frameworks for fintech companies, exploring how they ensure regulatory compliance, data integrity, and trustworthiness in the eyes of regulators and customers alike.Navigating Regulatory Compliance: Camila provides insights into InPay's regulatory obligations under the Danish Financial Supervisory Authority (FSA), highlighting the pivotal role of transparency and trust in fostering strong relationships with regulatory bodies and customers.Future Horizons: Gen AI and Cross-Border Payments: The conversation concludes with a glimpse into the future of fintech, as Camila shares her vision of Gen AI revolutionizing cross-border payments, driven by a commitment to innovation and collaboration in the industry.Digital identity: The hosts discuss how identity remains a complex challenge globally, with antiquated systems prevailing despite technological advancements. Various approaches, from biometric systems like Aadhaar in India to blockchain technology, offer potential solutions to the decentralized ownership and verification of personal data. For more discussion on identity check out our episode with Peter Grosskopf, former CTO of Solaris. About Fintech Files:Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful conversations with industry disruptors from around the globe. So, what are the most groundbreaking trends shaping the future of Fintech, and how will they...
33:10 2/20/24
Season One Throwback with Solaris: “How the Latest German Fintech Unicorn Plans to Stay Ahead of Competition” with Dr. Jörg Howein, Former Chief Product Officer
In this special throwback episode, we revisit one of our favorite moments from Season One with a fintech titan, Dr. Jörg Howein, formerly the Chief Product Officer at Solarisbank. Since we last spoke with Jörg, Solarisbank, now known simply as Solaris, has continued its meteoric rise in the fintech world. In this engaging conversation, Jörg shares valuable insights into how this German fintech unicorn seamlessly transitioned from a monolithic to a self-built modular core, all while ensuring their end customers remained blissfully unaware of the shift. Since our previous encounter with Solaris, the company has achieved remarkable milestones, including raising an impressive €38 million euros in funds earmarked for scaling up their banking-as-a-service business. If you're intrigued by fintech innovation, curious about the secrets behind Solaris' success, or simply eager to stay ahead in the ever-evolving financial landscape, this episode is a must-listen. Join us as we dive into the world of fintech with Dr. Jörg Howein and uncover the strategies that keep Solaris at the forefront of the competition.About Fintech Files:Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful conversations with industry disruptors from around the globe. So, what are the most groundbreaking trends shaping the future of Fintech, and how will they impact your financial world? Fintech Files takes an accessible approach to technology. We break down complex topics and have our guests explain them in a relatable "explain it to your grandma" style. In every episode, we focus on real-world stories of how financial technology operates, demystifying complex concepts and making them relatable for both Fintech enthusiasts and professionals.The Hosts of Fintech Files:Hosted by Nora Hocke, a manager at BCG Platinion in Munich, and Annika Melchert, a principal currently based in the Middle East, our hosts specialize in IT strategy, modern tech architecture, and state-of-the-art banking. In their work, they've collaborated with some of today's most innovative Fintechs to transform their organizations; including supporting generative AI use cases. With their unique blend of tech expertise and passion, they bring you stories that capture the essence of the evolving Fintech landscape.  This season, we're thrilled to introduce Bianca Lopes. Originally from Brazil and currently based in Denmark, Bianca is an entrepreneur and economist with a remarkable background in digital identity and biometrics. Throughout her career, she has supported over 40 financial institutions and 8 governments, reshaping their approach to technology, reimagining identity, and driving innovation agendas.We Want to Hear from You!Reach out to us at fintech-podcast@bcgplatinion.com with your questions, guest suggestions, or topics you'd like us to explore. Or just drop in to say hi! Visit our website at https://bcgplatinion.com/insights/podcast-fi/ and follow us on social media for updates and additional content.The digital future is now. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
30:01 2/6/24
Empowering Finance through Financial Inclusion with Vera Futorjanski, Founder and CEO of Beyond Global and Veritas Ventures
How many globally lack access to banking? Astonishingly, one in three. In this insightful conversation, Vera Futorjanski, former Head of Communications at Rocket Internet and founding member of Dubai Future Accelerators, shares her journey. Emphasizing the transformative role of technology, she explores challenges and strategies to enhance accessibility and diversity in finance through education and innovation.Discussion Highlights:Dubai as a Hub for Innovation: Vera discusses the unique ecosystem in Dubai, where the government actively supports and accelerates innovation. Vera elaborates on her involvement with the Dubai Future Accelerators program, highlighting the collaboration between government entities and startups. Female Representation in the Startup Ecosystem: The discussion delves into the challenges faced by female founders, investors, and leaders in the startup ecosystem. Vera shares a shocking statistic; only 2% of globally available funding for startups goes to female founders.Beyond Community and Empowering Women: Vera introduces Beyond, a curated community of female leaders launched by her that provides a safe and trusted space for women leaders to connect, collaborate, and grow.Web3 and Diversity in the Tech Space: Vera expresses her early optimism in the Web3 space and her disappointment in the progress made regarding diversity. She highlights her experiences in the Metaverse, NFTs (Non-Fungible Tokens), and the need for greater representation of women in key roles in Web3 technologies.AI and the Importance of Female Representation: Vera highlights the lack of representation of female voices in AI discussions, referencing that Sam Altman's quotes in AI news coverage last year surpassed those of all female AI experts listed in Times Magazine's top AI influencers combined. Read more in Where are all the ‘godmothers’ of AI? Women’s voices are not being heard from Luba Kassova for The Guardian. Importance of Funding for Women in Tech: Vera acknowledges the importance of funding in driving change in the tech industry. She emphasizes the need for more female Limited Partners who can influence investment decisions and stresses that change will come through a combination of education, funding opportunities, and increased visibility for women in the tech space.About Fintech Files:Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful conversations with industry disruptors from around the globe. So, what are the most groundbreaking trends shaping the future of Fintech, and how will they impact your financial world? Fintech Files takes an accessible approach to technology. We break down complex topics and have our guests explain them in a relatable "explain it to your grandma" style. In every episode, we focus on real-world stories of how financial technology operates, demystifying complex concepts and making them relatable for both Fintech enthusiasts and professionals.The Hosts of Fintech Files:Hosted by Nora Hocke, a manager at BCG Platinion in Munich, and
33:00 1/23/24
Happy New Year from Fintech Files!
Happy New Year from your friends at Fintech Files!  To kick off 2024 in style, we’re bringing you a throwback to our very first episode of 2023; “Revolutionizing the Future of Finance in the Middle East through Open Banking” with Emir Isik, Head of Business Development from Tarabut Gateway.  We felt this was the perfect episode to kick off the new year as there have been so many exciting developments with Open Banking and Tarabut since we had them on the show, including raising $32m in Series A funding round to propel open banking in Saudi Arabia. This episode dives into the world of open banking! We dive deep into the buzzword that has taken the financial world by storm. What is open banking? Why is it relevant? And how is it transforming the finance landscape in the Middle East? Join Emir Isik, Head of Business Development at Tarabut Gateway, the largest open banking platform in the region, as he delves into the organization’s challenges, opportunities, the role it plays in Saudi Vision 2030 and its impact on the future of finance.About Fintech Files:Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful conversations with industry disruptors from around the globe. So, what are the most groundbreaking trends shaping the future of Fintech, and how will they impact your financial world? Fintech Files takes an accessible approach to technology. We break down complex topics and have our guests explain them in a relatable "explain it to your grandma" style. In every episode, we focus on real-world stories of how financial technology operates, demystifying complex concepts and making them relatable for both Fintech enthusiasts and professionals.The Hosts of Fintech Files:Hosted by Nora Hocke, a manager at BCG Platinion in Munich, and Annika Melchert, a principal currently based in the Middle East, our hosts specialize in IT strategy, modern tech architecture, and state-of-the-art banking. In their work, they've collaborated with some of today's most innovative Fintechs to transform their organizations; including supporting generative AI use cases. With their unique blend of tech expertise and passion, they bring you stories that capture the essence of the evolving Fintech landscape.  This season, we're thrilled to introduce Bianca Lopes. Originally from Brazil and currently based in Denmark, Bianca is an entrepreneur and economist with a remarkable background in digital identity and biometrics. Throughout her career, she has supported over 40 financial institutions and 8 governments, reshaping their approach to technology, reimagining identity, and driving innovation agendas.We Want to Hear from You!Reach out to us at fintech-podcast@bcgplatinion.com with your questions, guest suggestions, or topics you'd like us to explore. Or just drop in to say hi! Visit our website at https://bcgplatinion.com/insights/podcast-fi/ and follow us on social media for updates and additional content.The digital future is now. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
25:20 1/9/24
Happy Holidays from Fintech Files!
As a special holiday treat for you, our listeners, we’re revisiting one of our favourite season 2 episodes. It’s “The Art of Navigating a Company Through Rapid Growth and Post-Merger Integration” – with Michael Stephan, COO and Co-founder of Raisin.” They are the first and only pan-European deposit marketplace. Since our 2022 episode, this Berlin-based fintech unicorn has secured over 60 million euros in funding in a series E round.The Berlin-based fintech unicorn Raisin has written quite a success story of organic and inorganic growth since it was founded in 2012. Starting with a “savings-as-a-service” offering, it has massively expanded over the years both in functionality and in markets. Most recently, it merged with its former competitor Deposit Solutions to grow even stronger. Listen in to this episode to learn about Raisin’s evolution and the challenges they’ve overcome—both technical and operational—and hear about what lies ahead on their journey to become one of the biggest European open banking fintechs.About Fintech Files:Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful conversations with industry disruptors from around the globe. So, what are the most groundbreaking trends shaping the future of Fintech, and how will they impact your financial world? Fintech Files takes an accessible approach to technology. We break down complex topics and have our guests explain them in a relatable "explain it to your grandma" style. In every episode, we focus on real-world stories of how financial technology operates, demystifying complex concepts and making them relatable for both Fintech enthusiasts and professionals.The Hosts of Fintech Files:Hosted by Nora Hocke, a manager at BCG Platinion in Munich, and Annika Melchert, a principal currently based in the Middle East, our hosts specialize in IT strategy, modern tech architecture, and state-of-the-art banking. In their work, they've collaborated with some of today's most innovative Fintechs to transform their organizations; including supporting generative AI use cases. With their unique blend of tech expertise and passion, they bring you stories that capture the essence of the evolving Fintech landscape.  This season, we're thrilled to introduce Bianca Lopes. Originally from Brazil and currently based in Denmark, Bianca is an entrepreneur and economist with a remarkable background in digital identity and biometrics. Throughout her career, she has supported over 40 financial institutions and 8 governments, reshaping their approach to technology, reimagining identity, and driving innovation agendas.We Want to Hear from You!Reach out to us at fintech-podcast@bcgplatinion.com with your questions, guest suggestions, or topics you'd like us to explore. Or just drop in to say hi! Visit our website at https://bcgplatinion.com/insights/podcast-fi/ and follow us on social media for updates and additional content.The digital future is now. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
28:35 12/26/23
Gen AI for Financial Institutions: Navigating Regulation, Risk & Opportunities with Kirsten Rulf, Partner and Associate Director at BCG
How should banks navigate Gen AI's regulatory challenges? Kirsten Rulf, BCG Partner and Associate Director, shares key strategies and opportunities. As the former Senior Digital Policy advisor aka “nerd-in-chief” to Chancellor Angela Merkel, Kirsten played a key role in negotiating the EU AI Act.  Now, Kirsten guides global Fintech clients in adopting this transformative technology.Discussion Highlights:Regulatory Challenges: Kirsten explores negotiations behind the EU AI Act, detailing the hurdles in aligning Gen AI adoption with regulations and grasping its comprehensive impact on the financial sector.Gen AI Opportunities in Finance: Highlighting potential in personalized interactions such as chatbots and knowledge management, Kirsten underscores Gen AI's prospects in the financial sector. The discussion emphasizes the ongoing challenge of balancing opportunities with inherent regulatory and technological risks.Challenging Stereotypes: Kirsten advocates for a positive perspective on AI, steering away from doomsday narratives and promoting it as an opportunity for significant positive impact.Human in the Loop Challenges: Discussing the challenges of the "human in the loop" concept, particularly in large-scale AI systems with extensive data, Kirsten and Nora delve into the complexities of effective human oversight implementation.AI Risk & Panic Button: Kirsten introduces the concept of a "panic button" in AI systems, citing an example of an inappropriate encounter with an AI agent. The panic button enables human intervention to halt AI processes during critical situations.AI Impact on Creativity: BCG's study involving 750 consultants reveals a 40% boost in creativity for 'AI-friendly' tasks but a 23% decrease for tasks aligned with human intuition. This underscores the importance of nuanced AI deployment. Building Trust in Gen AI: Kirsten stresses the role of trusted institutions, like banks, in public AI education, emphasizing the need to showcase AI's positive potential while actively managing risks and ensuring regulatory compliance.Reputational & Financial Risk: Nora, Bianca, and Annika discuss the reputational risk of Gen AI, citing Google's stock plunge after an AI incident with Google Bard. The example underscores the necessity for financial institutions to navigate AI risks while seizing opportunities to avoid reputational and financial damage.About Fintech Files:Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful conversations with industry disruptors from around the globe. So, what are the most groundbreaking trends shaping the future of Fintech, and how will they impact your financial world? Fintech Files takes an accessible approach to technology. We break down complex topics and have our guests explain them in a relatable "explain it to your grandma" style. In every episode, we focus on real-world stories of how financial technology operates, demystifying complex concepts and making them relatable for both Fintech enthusiasts and professionals.The Hosts of Fintech Files:Hosted by Nora Hocke, a manager at BCG Platinion in Munich,...
31:47 12/12/23
Sustainable Fintech: Eve Morelli shares Radicant’s Unique Approach to Transparent Digital Banking and Investing
What is the role of technology in aligning banking and investments with sustainability? Eve Morelli, Head of Sustainable Transparency unveils Radicant’s unique approach to sustainable finance.  Discover how this Swiss digital banking startup integrates the UN Sustainable Development Goals (SDGs) into its framework, ensuring users can see where their money is going and why. This is a special sustainable fintech episode to coincide with the 2023 United Nations Climate Change Conference, also known as COP28. Discussion Highlights:Eve Morelli's Journey: Eve, Head of Sustainable Transparency at Radicant, shares her 20-year journey in sustainable finance, emphasizing the importance of transparency.Radicant's Methodology: Radicant, a Swiss digital banking startup, integrates sustainability into banking and investments. The app offers transparency, aligning investments with the UN Sustainable Development Goals (SDGs).Sustainable Finance Explained: Eve breaks down sustainable finance into banking and investment aspects, highlighting the impact on society and the environment. The SDGs serve as Radicant's investment framework.Challenges and Surprises: Eve discusses challenges in evaluating companies for sustainability and shares surprises, such as finding luxury brands in the gender equality portfolio.Radicant's Approach: Radicant's digital banking offers quick account setup with a focus on avoiding fossil fuel financing. Investments start with a low threshold, and clients have a say in their preferences, providing a unique level of transparency.Carbon Footprint Tracker: Radicant includes a carbon footprint tracker in its app, raising awareness about individual carbon footprints with every transaction.Women in Finance: Eve touches on the underbanking of women, stressing the need for inclusivity and technology-driven solutions in the financial sector.About Fintech Files:Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful conversations with industry disruptors from around the globe. So, what are the most groundbreaking trends shaping the future of Fintech, and how will they impact your financial world? Fintech Files takes an accessible approach to technology. We break down complex topics and have our guests explain them in a relatable "explain it to your grandma" style. In every episode, we focus on real-world stories of how financial technology operates, demystifying complex concepts and making them relatable for both Fintech enthusiasts and professionals.The Hosts of Fintech Files:Hosted by Nora Hocke, a manager at BCG Platinion in Munich, and Annika Melchert, a principal currently based in the Middle East, our hosts specialize in IT strategy, modern tech architecture, and state-of-the-art banking. In their work, they've collaborated with some of today's most innovative Fintechs to transform their organizations; including supporting generative AI use cases. With their unique blend of tech expertise and passion, they bring you stories that capture the essence of the evolving Fintech landscape.  This season, we're thrilled to introduce
29:45 11/28/23
Meet the Hosts
Welcome back to Fintech Files from BCG Platinion! In this special episode, "Meet the Hosts," we'll bring you up to speed on our latest endeavors since the last episode and introduce the newest member of our hosting team. Join us for a sneak peek into the exciting topics we're eager to explore this upcoming season.Host Introductions:Nora Hocke: Manager at BCG Platinion, based in Munich, and a passionate diver. Nora specializes in IT strategy, data, AI, and navigating the fintech ecosystem.Annika Melchert: Principal at BCG Platinion, originally from Germany and currently based in the Middle East. Annika, also a passionate diver, is an expert in banking technology builds, integration strategies, and digital transformations for fintechs and incumbent banks.Bianca Lopes: Entrepreneur and economist, originally from Brazil and currently residing in Denmark. Bianca's extensive experience includes reshaping technology, identity, and innovation for financial institutions and governments.Discussion Highlights:Generative AI: Nora dives into recent projects involving generative AI and reflects on the industry impact, exploring technologies like ChatGPT.Project Experiences: The hosts share insights from recent projects, including driving IT strategy, core banking system replacements, and navigating identity, biometrics, and tokenization.Trends in FinTech: The hosts discuss exciting trends, from mobile payments and investments to neobanking, highlighting the growth of FinTech in the Middle East.Looking Ahead:The hosts express their excitement for the upcoming season, promising deep dives into topics like tokenization, neobanking, sustainable finance, and cloud transformation. Stay tuned for live episodes and engagements at financial industry conferences. This season, we'll take a more global approach, exploring fintechs around the world.We Want to Hear from You!Reach out to us at fintech-podcast@bcgplatinion.com with your questions, guest suggestions, or topics you'd like us to explore. Or just drop in to say hi! Visit our website at https://bcgplatinion.com/insights/podcast-fi/ and follow us on social media for updates and additional content.Thank you for joining us for this Meet the Hosts episode of Fintech Files. Get ready for an insightful and engaging season as we explore the latest trends and innovations shaping the future of fintech, neobanks, and the digital banking world.The digital future is now. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
21:26 11/14/23
Fintech Files Trailer
Are you ready to unravel the most innovative trends disrupting the world of Fintech today? Join us on Fintech Files from BCG Platinion, where we delve deep into the dynamic landscape of Fintech, NeoBanks, and the Digital Banking world, sparking insightful conversations with industry disruptors from around the globe.Hosted by Nora Hocke, a manager at BCG Platinion in Munich, and Annika Melchert, a principal currently based in the Middle East, our hosts specialize in IT strategy, modern tech architecture, and state-of-the-art banking. In their work, they've collaborated with some of today's most innovative Fintechs to transform their organizations; including supporting generative AI use cases. With their unique blend of tech expertise and passion, they bring you stories that capture the essence of the evolving Fintech landscape.This season, we're thrilled to introduce Bianca Lopes. Originally from Brazil and currently based in Denmark, Bianca is an entrepreneur and economist with a remarkable background in digital identity and biometrics. Throughout her career, she has supported over 40 financial institutions and 8 governments, reshaping their approach to technology, reimagining identity, and driving innovation agendas.So, what are the most groundbreaking trends shaping the future of Fintech, and how will they impact your financial world?  This season we want to explore questions such as how tokenization will transform business, the role of neobanks in reshaping financial services, and the impact of sustainable and regenerative finance on the industry. Get ready to deep dive into generative AI, digital identity, biometrics, wealth management, mobile payments, investment, and cloud transformation as we navigate these exciting topics this season.Fintech Files takes an accessible approach to technology. We break down complex topics and have our guests explain them in a relatable "explain it to your grandma" style. In every episode, we focus on real-world stories of how financial technology operates, demystifying complex concepts and making them relatable for both Fintech enthusiasts and professionals.Join us on this journey into the ever-evolving world of Fintech, as we keep a close watch on the cryptocurrency landscape, tackle cybersecurity challenges, delve into data analytics, explore artificial intelligence, and peek into the future of digital banking. Your voice matters, and we invite you to share your thoughts and dream guests with us at fintech-podcast@bcgplatinion.com. Your feedback shapes our content, ensuring it remains relevant, engaging, and informative.Fintech Files is here to guide you through the world of financial technology. For more information and to stay updated, visit our website at https://bcgplatinion.com/insights/podcast-fi/.Join us every two weeks on Fintech Files from BCG Platinion. The digital future is now.This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
01:59 11/8/23
“Data Powers Finance” with Antonio Martinez from Snowflake
In this episode, the hosts Annika and Nora dive deep into the world of data with Antonio Martinez, Industry Solution Architect at Snowflake, the world's leading cloud-based data platform. We explore how data has become the lifeblood of the finance industry enabled by Snowflake's cutting-edge technology and advanced data analytics possibilities. Antonio shares how their powerful platform is transforming the way banks and fintechs manage, process and utilize data. Whether you're a bank looking to streamline your data processing, or a fintech striving to gain a competitive edge, this episode is a must-listen. Join us as we uncover the secrets of Snowflake's game-changing technology and learn how it's revolutionizing the world of finance. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
34:08 4/5/23
“International Women’s Day: Embracing Equity in Banking”
In celebration of International Women's Day, Nora and Annika are joined by two BCG colleagues and renowned leaders in the financial institution's space, Claudia Rasper (Partner) and Jan Koserski (Partner & Managing Director). Together, they co-authored BCG’s "Gender Equality in the European Banking Industry" report, which explores the current state of gender equality in leadership within Europe’s top 50 banks and track their year-on-year development. Listen in to hear them discuss what needs to be done to break down barriers, advance gender parity in the banking sector, and create an equitable workplace. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
27:51 3/8/23
“Revolutionizing the Future of Finance in the Middle East through Open Banking” with Emir Isik, Head of Business Development from Tarabut Gateway
Welcome to the world of open banking! In our first episode of 2023, we dive deep into the buzzword that’s taking the financial world by storm. What is open banking? Why is it relevant? And how is it transforming the finance landscape in the Middle East? Join Emir Isik, Head of Business Development at Tarabut Gateway, the largest open banking platform in the region, as he delves into the organization’s challenges, opportunities, the role it plays in Saudi Vision 2030 and its impact on the future of finance.This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
26:28 2/15/23
“Credit Meets Climate: The Role of Banks in Fighting Climate Change” with Hugh Shannon, Head of Sales & Customer Success at OakNorth
OakNorth has rethought credit decisioning with their data-centric credit intelligence platform. Even more interestingly, their first real-life reference was their own bank. Be it the bank or the software provider, both OakNorth companies share a common focus topic: climate change. Listen in to learn what banks can do to address this global matter now! This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
43:28 11/2/22
"Modern Fintechs Are Born in the Cloud” with Anton Langbroek, General Manager DACH & CEE at Mambu
Hardly any other fintech is tied as strongly to the terms “next-gen core banking” and “cloud first” as the unicorn Mambu. Bringing in broad experience across the fintech and banking ecosystem, Mambu General Manager Anton Langbroek shares his views on modern versus traditional core banking systems. What are the implications of a modern core banking system on the customer experience but also operability? How can incumbent banks migrate from a traditional to a modern core banking system? And how can software as a service be realized if the regulator imposes restrictions in terms of hosting location? Listen in to find out!This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
35:15 8/10/22
“Finding the Sweet Spot in B2B Payments: Mondu and Its ‘Buy Now, Pay Later’ Offering” with Philipp Povel and Malte Huffman, Co-Founders and Co-CEOs of Mondu
While other “buy now, pay later” players are laying off employees to make up for increasingly pessimistic market expectations, the Berlin-based fintech Mondu just raised €40M in funding. We met with the two co-founders, Malte Huffman and Philipp Povel, and asked them about their secret recipe for building yet another successful start-up, the challenges of integrating into B2B ecosystems, and their approach to create a tech platform that caters to their ambitious growth plans. Listen in and find out what role our previous guest Raisin plays in the Mondu landscape and how Mondu differs from marketplace payments provider Payaut. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
38:33 6/29/22
“UpLyvt and Their Plan to Unlock Women’s Financial Health” with Alexa Cotiaux, Cofounder of UpLyvt
We invited Alexa Cotiaux, cofounder of UpLyvt to our first live recording session ever that took place during an internal women’s event! UpLyvt is an early-stage fintech from Berlin that focuses on female wealth management and financial well-being. We chatted with Alexa about UpLyvt’s purpose and product vision and what role a low-code platform plays in their product development approach. In addition, she shared with us her secrets of personal drive and some best practices for balancing parenthood and being a fintech founder. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
29:34 5/25/22
“Why API-First Is Not Only Relevant for Fintechs” with Ove Kreison, CTO and Co-founder of Tuum
What makes an Estonian fintech cooler than a Californian one? Probably not just the weather! It’s time to get to know Tuum and its mission to help banks stay in the current digital age. Listen in on this episode with Ove Kreison, CTO and Co-founder of Tuum—formerly known as Modularbank—about what characterizes a state-of-the-art core banking system and why modern APIs are even more important for incumbent banks. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
28:52 5/11/22
“The Art of Navigating a Company Through Rapid Growth and Post-Merger Integration”—with Michael Stephan, COO and Co-founder of Raisin
The Berlin-based fintech unicorn Raisin has written quite a success story of organic and inorganic growth since it was founded in 2012. Starting with a “savings-as-a-service” offering, it has massively expanded over the years both in functionality and in markets. Most recently, it merged with its former competitor Deposit Solutions to grow even stronger. Listen in to this episode to learn about Raisin’s evolution and the challenges they’ve overcome—both technical and operational—and hear about what lies ahead on their journey to become one of the biggest European open banking fintechs.This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
28:46 4/27/22
About Your Favorite Fintech Podcast
A warm welcome to the Fintech and Digital Banking Podcast hosted by Annika, Manager, and Nora, Senior Consultant, from the BCG Platinion’s Financial Institutions Practice. Join us as we uncover the best-kept secrets of neobank and fintech experts and learn what’s hot and what’s next on the tech side of banking. Any questions? Reach out to us: fintech-podcast@bgcplatinion.comThis podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
11:07 4/6/22
“Why Banking and Flawless Customer Experience Are Not Contrary to Each Other ” With Thomas Fuss (CTO) and Elliott Haralambous (Global Strategic Partnerships and Alliances Lead) from Backbase
While flawless customer experience seems to be more naturally aligned with new-grown Fintechs rather than incumbent banks, some solutions venture to bridge the gap between complex infrastructures and modern user-centric processes. Join Annika and Nora in this episode with Thomas Fuss and Elliott Haralambous from Backbase, the frontrunner in the digital banking engagement platform space, on how to introduce modern customer journeys on top of legacy technology to fuel the ambition in architecting banking around the customers. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
41:03 12/8/21
“How to Build a Bank from Scratch” with Thomas Hilgendorff, CEO and Co-Founder of Yapeal
Personalized IBANs, biweekly feature releases, a special banking license just for Fintechs, a custom-developed core banking system, 100% cloud-native—what sounds like the future for most incumbent banks is already a reality for Yapeal, the rising star in the Swiss fintech market. Join Annika and Nora on their talk with Thomas Hilgendorff, CEO and Co-Founder of Yapeal, about his story of how a group of 12 experienced bankers ventured to join the international competition of challenger banks. At Yapeal, they rethink what customer-centric banking can look like in the digital world of the future. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
28:46 11/24/21
„How to be at the Forefront of Innovation in the Institutional Crypto Space” – With Henrik Gebbing, Co-Founder & Co-CEO of Finoa
When talking about the crypto market, there are similarities to the traditional finance one. However, it is barely a “the winner takes it all” market, which provides opportunities for everyone to grow. Nevertheless, ten years in the future, crypto native players will have outperformed traditional banks. Therefore trust is required for Fintechs such as Finoa, a regulated Digital Asset Platform for institutional investors, to scale and capture incumbents’ market share by building a relationship with the customers to provide professional services as a regulated financial institution. But how to target such an ambivalent and ambitious goal? Listen to this episode with Henrik Gebbing, Co-Founder & Co-CEO of Finoa, about how to combine being regulated, being trustworthy but still being at the forefront of innovation in the crypto space. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
35:44 11/3/21
“About Germany’s First Crypto Saving Plans and the Pioneering Role of the Country in the Blockchain Regulation“ with Philipp Beer, Chief Growth Officer at Nuri
Hardly any other neobank is growing as fast as Nuri, formerly named Bitwala. Trying out some roads not taken yet by other mainstream providers. Nuri offers the world's first banking service that combines a full German bank account with access to cryptocurrencies, digital assets and blockchain-based financial services. But what is their secret recipe for success? Listen in to this episode with Nuri’s Chief Growth Officer Philipp Beer where he shares insights about Nuri's crypto saving plans, the pioneering role of Germany in the field of crypto regulation and how to combine technologies as a competitive advantage. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
27:09 10/20/21
“Payaut’s Tech Stack Transformation Enables Marketplace Payments at Scale” with Simon Hall, CTO of Payaut
In this episode we introduce you to a niche fintech that successfully rides on the platform economy wave: The Amsterdam-based Payaut offers payment services to small and medium sized marketplaces. Listen in to learn from their CTO Simon Hall, former Chief IT Architect at BCG Platinion, what Payaut’s value proposition looks like, why they designed their technology platform the way they did, and how they balance automation and regulation. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
34:22 9/29/21
“What Incumbent Banks can Learn from Fintechs” with Jürgen Eckel, Ludger Küpper and Boris Stoff (Managing Directors of BCG Digital Ventures and BCG Platinion)
Observing the latest funding rounds and market values, it appears that successful Fintechs are rapidly catching up with incumbent banks. While what we currently observe is just the tip of the iceberg, the rate of change and the rate of growth in the Fintech space is going to continue. How does it affect the banking sector? And what can incumbent banks learn from those Fintechs? Join the latest episode with Jürgen Eckel (Partner and Managing Director, BCG Digital Ventures), Ludger Küpper (Managing Director and Head of Financial Institutions Practice Area, BCG Platinion) and Boris Stoff (Managing Director, BCG Platinion) on the discussion on what enables banks to stay at the forefront of driving technology and change fast enough to fulfill both customer and regulatory requirements.This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
40:33 9/15/21
“The Future Is Decentralized” with Peter Grosskopf, Co-Founder/CTO of Stealth Decentralized Finance Company (Part 2)
In our second episode with him, our guest Peter Grosskopf, one of the leading crypto and fintech experts, shares his perspective on how distributed ledger technologies will impact the future of financial services. If you’ve ever looked for a simple explanation for decentralized finance and the blockchain, listen in now and impress your grandma later.This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
34:57 9/1/21
“Why Upvest Considers the Licensing Process as a Chance for Their Full-Stack Investment Offering” with Tobias Auferoth, CFO of Upvest
Full-stack investment offerings with a scope similar to incumbent banks are still rare in the European banking landscape. The German-based fintech Upvest has just positioned themselves in that niche with their "Investment as a service" offering. In parallel, they are just in the process of applying for a full securities trading bank license. Keen to learn how they consider regulation as a chance, and how they've built their cloud-based investment platform? Join Annika and Nora on this episode with Tobias Auferoth, CFO of Upvest, to get to know the process of obtaining a banking license and what advantages this brings to a Fintech.This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
27:03 8/18/21

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