Scaling a core ledger for neobanks, processors, brokerages, and payment providers, with Twisp CEO Jarred Ward

In this conversation, we chat with Jarred Ward, CEO and
co-founder of Twisp. Ward has been tasked with building nearly
every part of the modern financial ecosystem, from a greenfield
core banking stack, direct integrations with Visa and the card
networks for card issuing, and later, building a
banking-as-a-service API on top of BBVA’s global core.


Ledgers are the detailed records of transactions and money
movement for every fintech, yet they are continuously reinvented
for every product. The process of building and operating
mission-critical ledgers to track and reconcile payments and
money movement is complex.


Twisp’s vision is to provide the operational and scaling
guarantees of DynamoDB, the correctness guarantees of a
relational database, with the ledger and accounting primitives
you need to build modern financial products at any scale


THANK YOU TO OUR SPONSORS 


This episode was sponsored by Twisp. We are committed to
highlighting partnerships transparently, and only work with
organizations that we find compelling from an editorial
perspective.
 


MENTIONED IN THE CONVERSATION


Twisp website: http://bit.ly/3BEWBzb

CEO's Linkedin profile: http://bit.ly/3HAHgng  


Topics: fintech, blockchain, ledgers, finance, financial
infrastructure, cloud, accounting, banking-as-a-service, baas,
api


Companies: Simple, BBVA, Twisp, PacifiCorp, Stripe, Marqeta,
MySQL
 


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Twitter: https://twitter.com/LexSokolin
 


TIMESTAMPS


1’29”: The foundational experiences in Jarred’s education and
career


3’39”: Identifying the ways in which computers and automation
were helping people in finance solve their problems


7’35”: Jarred’s experience working at B2C consumer neobank Simple
and its approach to success in a highly competitive space


12’58”: The approach of the financial stack in a US-based
traditional bank vs. neobank like Simple


16’47”: The acquisition of Simple by BBVA and their approach to
remaining competitive and relevant


22’29”: The evolution of banking: Is old infrastructure with a
modern API-based real-time infrastructure on top the answer?


25’32”: Twisp – financial ledger infrastructure: Founding the
company and its core propositions to date


33’08”: The fundamentals of a core ledger and how abstraction
supports assets of differing types


38’39”: The ways that modern stacks are able to get around the
natural limitations of technologies like MySQL and Postgres


43’52”: Financial workflows: Their evolution, customer adoption
preferences, and the ability to package them into on-demand
financial infrastructure


46’50”: Channels to use to connect with Jarred & learn more
about Twisp


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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