Articles

Banking for SMEs has been ineffective for a long time, with products that kept owners working on admin rather than growth. It’s time for something new.

If all the bits of your car lived in different countries, and you had to ship them to your house and assemble them every time you wanted to drive somewhere – it would get a bit annoying right? You would question why anyone thought this was an acceptable way of building something so critical.

Every Thursday, Leda Glyptis, 11:FS Chief of Staff creates #LedaWrites. This week she turns her attention to dudes and core banking.

Jason Bates interviewed Rishi Khosla, CEO of OakNorth for Fintech Insider, the under the radar fintech unicorn in the SME lending space. They discuss OakNorth’s origin story, how they reached profitability within 24 months, the social impact of the SME lending space and what the future holds for this little-big company with deep roots. Listen to the interview in full on the podcast here or stream it below.

China’s currently the second biggest hub for fintech in the world. In 2018 the nation managed to secure $15.1BN in funding for fintechs. A great deal of that reputation for success is down to the power and growth of Ant Financial.

Every Thursday, Leda Glyptis, 11:FS Chief of Staff creates #LedaWrites. This week she turns her attention to industry conferences and forgetfulness.

It’s Valentine’s Day. Obvious opening statement for a blog published on February 14th but on the off chance you forgot, you might want to bookmark this blog, run and buy a card. I’ll be here when you get back.

Big business is dying. But you already know that from my previous discussion with Jeff Tijssen last week. I digged a little deeper into the issue with him to find out how big businesses need to transform to stay alive.

Under Friday night lights and in appalling conditions of driving wind and rain, the mighty 11:FC overcame all odds to bring home a 2-1 victory over office neighbours, Yieldify FC.

Despite the global fintech boom, a lot of people in the Middle East remain unbanked, and there is plenty of work to do.

Every Thursday, Leda Glyptis, 11:FS Chief of Staff creates #LedaWrites. This week she’s thinking about how fintechs can survive doing business with big banks.

Former Apple and BCG Digital Ventures Head of Talent will manage 11:FS team to scale the business as it engages in new projects, with new clients and across new geographies.

A couple of months ago our 11:FS CEO David Brear was invited to be a judge of Tech City UK’s Fintech for All competition. This was a nationwide competition in 2017 to find fintech startups that make financial services work for everyone. As well as some fantastic entrants and eventual winners, this event got us thinking about the wider implications of financial inclusion. Therefore we felt we really needed to do a podcast to delve into the issues raised and what this competition really highlighted, and how best the problems of financial inclusion and serving the underbanked can be solved in the UK.

Every Thursday, Leda Glyptis, 11:FS Chief of Staff creates #LedaWrites. This week she turns her attention to diversity in financial services.

Banking no longer has the luxury of getting up to speed with new technology. If you can’t adapt on the fly you’ll be left behind.