We once again get inside the minds of entrepreneurs by diving deep into a recent piece of content that struck a chord, and Chris Skinner's recent blog post on Starling's Anne Boden and her recent talk on the myths of fintech.
In this episode, Pete Townsend and Paul Smyth (once again filling in for Eoin Fitzgerald) unpack the November 6th post from Chris Skinner's daily blog where he steps through a talk from Anne Boden, the CEO and Founder of Starling Bank on November 5th at the New Statesman's Fintech Summit in London.
During her talk, in addition to talking about the path to profitability for Starling Bank, Anne Boden presented her view on the 'seven myths of fintech'. Anne's seven myths are a blend of social, demographic, competitive and technology themes, and Chris Skinner took a different view on most of them in his blog post the following day. In a world where society's collective grasp on myths and truisms tighten and loosen daily, the different perspectives always make for a better conversation, and we addressed the following questions during this episode:
- Why is fintech heavily populated by young white men?
- Are most banks truly run by old white guys?
- Are people changing their bank accounts for better tech, services and experiences?
- What kind of banking services are the challenger banks / neobanks providing?
- What kind of banking experience do small businesses need?
- Can big banks catch up with the tech prowess of challenger banks?
- Are challenger banks going to achieve profitability?
What is MoneyNeverSleeps?
A weekly podcast that gets inside the mind of the entrepreneur and at what makes them do what they do.