Betabank Episode 6 – THE BUSINESS OF BETABANKING

Banks are not like other businesses. Starting them, funding them and running them – it’s all quite different from your run of the mill software-as-a-service technology startup. In a live event at Stone & Chalk Sydney, co-hosts Andrew Davis & Mark Pesce talk to four neobank founders about what it takes to launch a neobank – and succeed.

Our amazing panelists are:

Dominic Pym, co-founder UP Banking;
Rob Bell, CEO of 86 400;
Simon Costello, co-founder of Frankie Financial;
Alex Twigg, CIO of Judo Bank.

Big thanks to the Stone & Chalk team for making this happen!

Episode 2.04: Five Billion Bankers with Andrew Davis

All the way back in 1994, Bill Gates quipped, “Banking is necessary – banks are not.” For billions of ‘unbanked’ in the developing world, banking happens through a smartphone app – no branches, no tellers, and no ATMs. How does a bank inspire trust – or trust its customers – when it’s all inside a smartphone?

Banking futurist Andrew Davis shares his vision of a future where banks protect privacy as well as your money, a world where everyone, everywhere becomes a banker.

Andrew Davis chats with Mark Pesce (photo: Dee Halwala)

Here’s a clip of Andrew talking about ‘open banking’ – the coming revolution where banking becomes about your data just as much as today it’s about your money:

One of the most interesting innovations in banking involves the analysis of mobile usage to measure the creditworthiness of an individual or business. This article from the World Bank explains how it works.

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