Fintech Insider Podcast by 11:FS

COBOL is a programming language that was ubiquitous to the programming world around 60 years ago. It's since been replaced by newer and more useful languages. Unfortunately, COBOL still underpins a great deal of the banking technology in the world, but no-one's trained in it. This has left to a rise in the number of 60-80 year olds who have come out of retirement to maintain the modern banking world. Cowboys who can do what they want because they're the ones maintaining current banking technology. We take a look at what happened to lead us to this point and interview Ewan Silver, CTO of 11:FS to shed some light on the issue. Next up we interview Scott Seely, Principal Solutions Architect at Microsoft. He runs us through the complex process of untangling legacy systems to work with new technology and hopefully escape the COBOL cowboys. People are the main sticking point here, so Microsoft have come up with an ingenious solution to enable the financial industry to work with legacy systems while still engaging with the most modern technology and making APIs a much smaller sticking point by extending legacy systems out to them. We also take a look at the AI problem. It's no secret that the industry has been going wrong with AI for a while now, using it in meetings to get budgets approved or used as a distance promise of results when numbers are flagging. We examine where the industry is making mistakes with AI. This episode was written by Ollie Judge. Produced by Petrit Berisha & Laura Watkins. Edited by Holly Blaxill and hosted by Simon Taylor. Legacy to Cloud was brought to you by Microsoft Azure. If you’d like to find out more how they could help you out leverage your existing systems for much more head on over to microsoft.11fs.comSpecial Guests: Charlie Wood, Ewan Silver, and Scott Seely.Sponsored By:Microsoft Azure Learn more about your ad choices. Visit megaphone.fm/adchoices

Sarah and David sit down with Forbes and The Economist journalist, Monty Munford, and CEO of Onfido, Husayn Kassai. The panel discuss the latest news hitting the fintech space this week. Including: TSB could have up to $150m in debt after their IT systems meltdown back in April - the team discuss whether this amount is accurate (or indeed, even enough); Monzo's losses quadruple in 2017 - but is this in line with what our panel expected? They also take a look at the FCA's latest cohort for their 4th sandbox, their review into “unfair fees” and yet another massive data breach, from a data broker no one has heard of. We even have two "and finally" stories this week as we couldn't decide between them: Goldman Sachs is getting into EDM and rapper Big Sean raps about crypto on his latest album - has it finally gone mainstream?! All this and so much more on today's episode of Fintech Insider! Subscribe so you never miss an episode, leave a review on iTunes and every other podcast app. Spread the fintech love by sharing or tweeting this podcast. Let us know your thoughts @FintechInsiders and join the discussion by signing up at www.fintechinsidernews.com Special Guests: Husayn Kassai and Monty Munford.Links: TSB bank will be at least £150million out of pocket over IT crash as union warns it "will never recover" from it - Mirror Online Monzo losses widen but the digital bank's user numbers surge Challenger banks raise record capital in Q1 - AltFi News Regulatory sandbox - cohort 4 | FCA Subscribe to read | Financial Times Exactis said to have exposed 340 million records, more than Equifax breach - CNET Banks to be subjected to ‘cyber stress tests’ to see if they can withstand a major hacking attack Goldman's Solomon just released first EDM remix of Fleetwood Mac song - Business Insider As Drake Drops Scorpion Album, Big Sean Raps About Crypto in 'Big Bank' invest.com and Bittrex Announce a New Digital Trading Platform Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's insights show brings together how everything in the UK fintech space is working together to improve the industry. We want to talk about how the whole nation can start talking about fintech, share knowledge, and work together in unity. But is it even possible in a nation with such strong individual identities? Fantastic insights are given by fintech experts who are working across the UK to bring fintech to those who need it most: Greg Michel, Fintech Lead at Tech Nation John Glen, MP & Economic Secretary to the Treasury Deb Harding, Head of Engagement in Financial Services for the Welsh Government Ben Brabyn, CEO, Level 39 Chris Pond, Vice-Chair, Financial Inclusion Commission Katia Lang, CEO, The Fintech TImes Martin Cook, General Counsel at Funding Circle and founding member of the Fintech Delivery Panel Paul Rippon, Co-founder, Monzo Jon Bradford, Founding partner, Motive Partners Wendy Jephson, Co-founder & Chief Behavioural Specialist, Nasdaq Sybenetix Lisa Wood, CMO, Atom Bank We hope you enjoyed the show! Don't forget to subscribe so you never miss an episode, and follow Fintech Insider on Twitter or Facebook. If you really loved it, please leave us a review, we love reading them!Special Guests: Anna Wallace, Ben Brabyn, Chris Pond, Debs Harding, Gregoire Michel, John Glen, Jon Bradford, Katia Lang, Lisa Wood, Martin Cook, Paul Rippon, and Wendy Jephson.Sponsored By: Tech Nation: Tech Nation believes the UK is the best place in the world to start and grow a digital business.Tech Nation is expanding their network of growth programmes, events, skills and data resources to reach all corners and clusters of the UK. Their newly launched Fintech programme is aimed at company founders. Through a 24 hour induction, series of in-depth learning sessions, networking events and a three-day international showcase trip, you'll become part of the very first Tech Nation Fintech cohort. Insights sessions will be delivered by some of the most established fintech entrepreneurs, investors and partners, who will cover topics such as regulation, partnering with banks and expanding internationally. Find out more here: https://technation.io/programmes/fintech/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Simon sits down with Freddy Kelly, Veronique Barbosa, Tanya Andreasyan, and Philip Clarke to discuss the latest news hitting the fintech space this week. Including: Amazon teaming up with American Express for SMBs, Nationwide launch their fintech fund, and Goldman Sachs predict the world cup final. We also have a few great interviews with Emma Huntington from Nationwide, Nick Katz, CEO of Acasa, Harry Keen, CEO of Hazy, and Brian Barnes the CEO of M1 Finance. All this and so much more on today's episode of Fintech Insider! Subscribe so you never miss an episode, leave a review on iTunes and every other podcast app. Spread the fintech love by sharing or tweeting this podcast. Let us know your thoughts @FintechInsiders and join the discussion by signing up at www.fintechinsidernews.com Special Guests: Brian Barnes, Doug Bobenhouse, Emma Huntington, Freddy Kelly, Harry Keen, Nick Katz, Ollie Judge, Philip Clarke, Tanya Andreasyan, and Veronique Barbosa.Links: American Express has deal to offer Amazon credit card Fintech friends: Monzo partners with TransferWise for international payments Venmo Launches A Debit Card | PYMNTS.com BBVA trials facial recognition payments Credit Karma CEO Ken Lin says autonomous money will be here in five years UK financial entrepreneur Anthony Thomson is launching a new digital bank in Australia | Business Insider Nationwide launches £50m fintech fund Alexa, I can trust you with my checkbook, right? Banks start to offer services through virtual assistants, smart speakers Introducing M1 Borrow | M1 Finance World Cup final showdown between England and Brazil, Goldman Sachs says - Business Insider Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's insights show shines a light on how fintech is making the world a better place. We want to talk about what makes the UK fintech scene so useful for solving real problems that affect the lives of so many people. We’re going to be taking a look at how customer-centricity helps fintechs cater better to their customers to ensure they have access to better services, and the impact financial education can have on financial inclusion and literacy. Fantastic insights are given by fintech experts who are working across the UK to bring fintech to those who need it most: Greg Michel, Fintech Lead at Tech Nation Anish Kapoor, CEO of AccessPay Jonathan Hollow, Head of Financial Capability, Strategy and Innovation at the Money Advice Service. Richard Theo, CEO and founder of Wealthify Stephen Ingledew, CEO of Fintech Scotland Dr Sue Black, OBE Virraj Jatania, CEO and founder of Pockit We hope you enjoyed the show! Don't forget to subscribe so you never miss an episode, and follow Fintech Insider on Twitter or Facebook. If you really loved it, please leave us a review, we love reading them!Special Guests: Anish Kapoor, Dr. Sue Black, Gregoire Michel, Jonathan Hollow, Richard Theo, Stephen Ingledew, and Virraj Jatania.Sponsored By: Tech Nation: Tech Nation believes the UK is the best place in the world to start and grow a digital business.Tech Nation is expanding their network of growth programmes, events, skills and data resources to reach all corners and clusters of the UK. Their newly launched Fintech programme is aimed at company founders. Through a 24 hour induction, series of in-depth learning sessions, networking events and a three-day international showcase trip, you'll become part of the very first Tech Nation Fintech cohort. Insights sessions will be delivered by some of the most established fintech entrepreneurs, investors and partners, who will cover topics such as regulation, partnering with banks and expanding internationally. Find out more here: https://technation.io/programmes/fintech/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Simon and David sit down with Romi, Megan and Dave to discuss the intriguing and interesting stories from the fintech world this week, including: CYBG buys Virgin Money, Visa's broken switch, and Starling launches joint accounts. Simon also has a quick interview with Francisco Carvalho Araújo, Product Manager at Monzo to learn all about Monzo Web. All this and so much more on today's episode of Fintech Insider! Subscribe so you never miss an episode, leave a review on iTunes and every other podcast app. Spread the fintech love by sharing or tweeting this podcast. Let us know your thoughts @FintechInsiders and join the discussion by signing up at www.fintechinsidernews.com Special Guests: Dave Cunningham, Francisco Carvalho Araújo, Megan Cooper, and Romi Savova.Links: Virgin Money bought by CYBG for £1.7bn Visa’s European outage blamed on ‘very rare’ broken switch Square obtains NY State cryptocurrency license | Reuters Monzo – Access your account in an emergency with Monzo Web RESOLVED: No More Cash Advance Fees For Curve / Tesco Bank Customers - Travel Hacking Tutor Brex picks up $57M to build an easy credit card for startups Lenders warn buyers are being refused mortgages due to bank statement banter Akon launching cryptocurrency called Akoin to help African economy Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's insights show shines a light on what makes the UK fintech scene so unique. Fantastic insights are given by fintech experts who are working across the UK and influencing regulation in the fintech space: Frank Jan Risseeuw, CEO of Yolt Greg Michel, Fintech Lead at Tech Nation John Glen, MP Rajesh Agrawal, Deputy Mayor of London Eileen Burbidge, Chair at Tech Nation and Partner at Passion Capital Anthony Lesoismier, CSO and Co-founder at Swissborg Vince Howard, Head of Marketing at Swissborg We want to talk about what makes the UK fintech scene the home of so many success stories. We’re going to be taking a look at the unique UK regulatory environment and why so many international players are keen to come to the country to invest in fintech. We hope you enjoyed the show! Don't forget to subscribe so you never miss an episode, and follow Fintech Insider on Twitter or Facebook. If you really loved it, please leave us a review, we love reading them!Special Guests: Anthony Lesoismier, Eileen Burbidge, Frank Jan Risseeuw , Gregoire Michel, John Glen, Rajesh Agrawal, and Vince Howard.Sponsored By: Tech Nation: Tech Nation believes the UK is the best place in the world to start and grow a digital business.Tech Nation is expanding their network of growth programmes, events, skills and data resources to reach all corners and clusters of the UK. Their newly launched Fintech programme is aimed at company founders. Through a 24 hour induction, series of in-depth learning sessions, networking events and a three-day international showcase trip, you'll become part of the very first Tech Nation Fintech cohort. Insights sessions will be delivered by some of the most established fintech entrepreneurs, investors and partners, who will cover topics such as regulation, partnering with banks and expanding internationally. Find out more here: https://technation.io/programmes/fintech/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Sarah and Ross sit down with James and Lisa and go over some of the weird and wonderful stories from the fintech world, including: SCB applying for a licence, Monzo's new IFTTT, and Danske bank attempts to predict the world cup. All this and so much more on today's episode of Fintech Insider! Subscribe so you never miss an episode, leave a review on iTunes and every other podcast app. Spread the fintech love by sharing or tweeting this podcast. Let us know your thoughts @FintechInsiders and join the discussion by signing up at www.fintechinsidernews.com Special Guests: James Safford and Lisa Matzi.Links: Standard Chartered says it will apply to operate a virtual bank in Hong Kong | South China Morning Post HSBC to invest $15-17 billion by 2020 in push for growth | Reuters Adyen Doubles in Debut in Year's Biggest European Tech IPO - Bloomberg Buy UK Shares Without Paying Stamp Duty Through eToro World's first smart bank? Monzo release IFTTT integration. - 11:FS Starling Bank introduces gambling blocker tech TransferWise’s next partnership could be with U.K. challenger bank Monzo | TechCrunch N26 launches a revised metal card | TechCrunch World Cup – FinTech Futures Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's insights show shines a light on the regional fintech spaces across the UK. Fantastic insights are given by fintech experts who are working successfully outside of London and making waves in the fintech space: Lisa Wood, CMO at Atom, the challenger bank based in Durham, in North East England Chris Sier, Fintech Envoy for the North of England James Varga, CEO and Co-founder of the ID Company, based in Edinburgh Richard Theo, CEO and Co-founder of Wealthify, based in Cardiff, and newly appointed Fintech Envoy for Wales Virraj Jatania, CEO and founder of Pockit Paul Rippon, Deputy CEO at Monzo We want to burst the London fintech bubble and talk about UK fintech successes across the whole country. We’re going to be taking a look at the under the radar success stories across the UK, particularly those outside of the behemoth of the London bubble. We hope you enjoyed the show! Don't forget to subscribe so you never miss an episode, and follow Fintech Insider on Twitter or Facebook. If you really loved it, please leave us a review, we love reading them!Special Guests: Chris Sier, Gregoire Michel, James Varga, Lisa Wood, Paul Rippon, Richard Theo, and Virraj Jatania.Sponsored By: Tech Nation: Tech Nation believes the UK is the best place in the world to start and grow a digital business.Tech Nation is expanding their network of growth programmes, events, skills and data resources to reach all corners and clusters of the UK. Their newly launched Fintech programme is aimed at company founders. Through a 24 hour induction, series of in-depth learning sessions, networking events and a three-day international showcase trip, you'll become part of the very first Tech Nation Fintech cohort. Insights sessions will be delivered by some of the most established fintech entrepreneurs, investors and partners, who will cover topics such as regulation, partnering with banks and expanding internationally. Find out more here: https://technation.io/programmes/fintech/ Learn more about your ad choices. Visit megaphone.fm/adchoices

David Simon and Sam are live on the main stage at Money 20/20 covering the latest and greatest in news across the fintech world. Joined by those at the cutting edge of all things fintech, Leda Glyptis, Rob Frohwein, Anna Irrera and Peter Hazou. It's a different show from usual with our guests coming on in pairs. First up are Leda and Rob to share their views on what's going on in Europe. Kicking things off, European payments seemingly ground to a halt when Visa suffered a system failure over the past week. The panel have an interesting take on the issue, it is a payments conference after all. Next up, Kabbage competes with PayPal. Luckily we have the Kabbage CEO on-hand to give us some absolute insight into what's going on there. Finishing up this section, the panel discuss the (un)surprising revelation that Millennials trust tech companies over banks when it comes to personal data. Our two lovely guests have to leave us but we have two equally brilliant ones in the form of Sara and Jeff, ready to let us know their take on the latest blockchain news. It's been a weird one for blockchain with the world's largest shipping firm, Maersk, now tracking cargo using blockchain. Maersk is planning to use the technology to fight fraud and reduce paperwork. Binance are planning to create a $1BN investment fund, but with a dead ICO how did they manage to raise $7BN this year? Next up we have two of the finest fintech minds in the form of Anna Irrera and Peter Hazou to round up the last of the big news stories in fintech this week. Starling has flown the nest after receiving £80M in funding and splitting from Transferwise, the general thinking is the capital increase is to bid for a share of the Capability and Innovation fund set up by RBS following the banking crisis. Next the panel talk about customer service. Surveys show that UK digital challengers are beating high-street banks on customer satisfaction. Although apparently high-street banks are doing a few things better. We also take a look at Citi and just why they're crushing the competition in investment in US fintech. All this and so much more on today's episode of Fintech Insider! Subscribe so you never miss an episode and leave a review on iTunes. Spread the fintech love by sharing or tweeting this podcast. Let us know your thoughts @FintechInsiders and join the discussion by signing up at www.fintechinsidernews.com Special Guests: Anna Irrera, Jeff Tijssen, Leda Glyptis, Peter Hazou, Rob Frohwein, and Sara Feenan.Links: Visa says service returning to normal - BBC News Kabbage To Enter The Payments Processing Space, Will Compete With PayPal And Square RFI Group: Millennial Brits trust Amazon, PayPal over banks - Business Insider The World's Largest Shipping Firm Now Tracks Cargo on Blockchain - CoinDesk Binance, the world’s largest crypto exchange, plans $1 billion investment fund | TechCrunch Starling Bank raising another £80M, ends partnership with TransferWise | TechCrunch UK digital challengers beating high street banks on customer satisfaction Citi spends more on tech than all VC investment in US fintech John McAfee Announces Crypto-Backed ‘Fiat’ Currency Redeemable for Face Time With Him Learn more about your ad choices. Visit megaphone.fm/adchoices