David Yakobovitch spoke to Ryan Conway, SVP, Head of Business Development & Strategic Partnerships at Oxygen, about how Oxygen improves banking for SMEs. They talked about FinTech evolution, crypto, SME banking, COVID-19 and banking, building and maintaining brand equity and more!
Show Notes
David Yakobovitch spoke to
Ryan Conway, SVP, Head of Business Development & Strategic Partnerships at
Oxygen about how Oxygen improves banking for SMEs.
Here is what they covered:
FinTech evolution - Fintech industry trends
- Predictions for fintechs and traditional banking
- FinTech 1.0 - unbundling
- FinTech 2.0 - rebundle multiple products
- FinTech 3.0 (smart money/ AI)
- Crypto
SME banking
- Now more than ever, the importance of banking for small businesses
- Banking for small businesses
- Oxygen recently announced a partnership with Fundera (Nerd Wallet) to help small businesses and self-employed people who were largely left out of the 1st PPP round
COVID-19 and banking
- How COVID has changed banking
- Digital banking is here to stay and traditional banks have to be prepared to handle all aspects of their business through digital channels
- COVID-19 has also been the biggest digital acquisition driver and many customers are finally embracing their digital tools, but fintechs have re-examined ways to drive every account process to be more efficient and user friendly
Brand equity
- Creating and maintaining brand equity
- Ex: Robinhood/ GameStop stock situation
Oxygen's journey
- Oxygen’s milestones
- Series A
- Peek of products- segmenting of cards, the elevation of the brand, additional features
Best way to reach out
What is Voice of FinTech®?
Aiming to inspire entrepreneurs around the world to launch their new ventures. Connect FinTech enthusiasts with start-ups, incubators, accelerators, investors and incumbents.