The emerging problems in banking-as-a-service, with Lex Sokolin and Will Beeson

The Fintech Blueprint

In this conversation, we chat with Will Beeson, who currently works at Standard Chartered Ventures. Previously, Will was the Co-Founder & Chief Product Officer at digital bank BELLA, as well as, a Principal at Rebank, a fintech advisory firm. Will’s banking entrepreneurship streak doesn’t end there, he co-founded Allica, a digital bank for businesses in the UK. We discuss the evolution of the banking-as-a-service sector, and in particular the challenges of infrastructure providers when their fintech clients fail due to market pressure. What’s next for embedded finance?

MENTIONED IN THE CONVERSATION

Rebank: https://rebank.cc/

Will Beeson: https://www.linkedin.com/in/willbeeson/ and https://twitter.com/will_beeson

Topics: Embedded finance, fintech, neobank, banking, payments, finance, banking-as-a-service, API, RegTech, Regulation

Companies: Plaid, Onfido, Stripe, Socure, Green Dot Bank, Cross River Bank, FIS, Fiserv, BlockFi, BBVA

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TIMESTAMPS

1’01”: Setting the scene in Fintech 2022 & what are the symptoms of things going wrong in the Banking-as-a-Service (BaaS) space

10’01”: The recipe for success in the BaaS space and the opportunities over the next coming years

13’19”: The dialectic between infrastructure and application and their phases of innovation

19’32”: Optimising the operating model for maximum efficiency & where/how regulatory influence plays a part

24’27”: The tangible impact of regulation & how this may help alleviate the current state of affairs

28’04”: The cost impact of fintech solutions on the value chain & what these costs may look like

31’31”: The optimal outcome for fintech infrastructure: embedded & bundled, or independent development, or acquisition of leading providers of services

34’00”: The optimal outcome for fintech applications: build a full service neobank or build a revenue generating component and grow from there

37’13”: Channels to use to connect with Will & Lex

Disclaimer here — this newsletter does not provide investment advice and represents solely the views and opinions of FINTECH BLUEPRINT LTD.

Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella

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