In the latest episode of the What the FinTech? podcast, we’re joined by Marion King, chair and trustee of the Open Banking Implementation Entity (OBIE) and non-executive director at payments company Cashflows, to chat about the current state of play and next steps for open banking in the UK following the much-anticipated release of the Joint Regulatory Oversight Committee’s recommendations.

Marion and FinTech Futures editor Paul Hindle discuss whether the new recommendations can help the UK maintain its position as a leader in the open banking space, whether concerns around the lack of clarity in the country’s vision for open banking have been alleviated, and whether there’s a way to monetise open banking amid concerns from banks about the lack of commercial returns.

We also find out what’s next for the OBIE, dive into some of the trends and developments in the digital payments space, and discuss how the fintech sector should be doing more to reduce the gender pay gap.

And finally, we find out what fintech buzzword Marion wants to throw into our Fintech Jail!

Starling Bank has beaten Monzo over the last 2 years in the UK.

Starling Bank is now profitable while Monzo is losing more money every year.

Starling Bank is growing and considering making acquisitions while Monzo is collecting funding rounds to make ends meet.

In this video I will share my view on why Starling Bank has beaten Monzo by explaining the 5 big reasons why the two biggest challenger banks in the UK are so different.

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“Investment Opportunities in Fintech

Speakers
Abdallah Abu Sheikh – CEO & Founder, Astra Tech
Terry Culver – Executive Director, Digital Finance Group
Susanne Chishti – Chief Executive Officer, FINTECH Circle
Steve Schlenker – Managing Partner, Co-Founder, DN Capital

Moderator
John D’Agostino – Senior Advisor: Strategy & Partnerships, Coinbase

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Saying the name out loud conjures images of Ivy League-educated investment bankers in tailored suits managing money for the wealthiest of the wealthy. Or closing deals in high-rise corporate offices. Advising the wealthiest of the wealthy. Navigating the corridors of power across the world’s financial capitals — New York, London, Singapore.
So, why did Goldman Sachs — the 150-year-old investment bank — try to get into checking accounts and credit cards? And, what’s more, how did Goldman Sachs’ fail at that? Watch the video above to find out more.

Chapters:
00:00 — Introduction
01:13 — Introducing Marcus
03:31 — Goldman’s trouble with consumer banking
05:29 — What went wrong?
07:04 — What’s next?

Produced by Jeff Morganteen
Reporting by Hugh Son
Edited by Dennis Donovan
Graphics by Mallory Brangan
Narrated by Jordan Smith

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The Rise And Fall Of Goldman Sach’s Marcus