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

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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Twitter: https://twitter.com/LexSokolin


 


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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questions.