103 episodes

Are you prepared to embrace change, take risks and disrupt yourself in response to the digital disruption in banking? If not, this podcast is for you. Hosted by top 5 banking and fintech influencer, Jim Marous, Banking Transformed highlights the leadership and cultural challenges facing the banking industry. Featuring interviews with some of the top minds in business, this podcast explores how financial institutions can prepare for the future of banking.

Banking Transformed with Jim Marous Evergreen Podcasts

    • Business
    • 4.9 • 53 Ratings

Are you prepared to embrace change, take risks and disrupt yourself in response to the digital disruption in banking? If not, this podcast is for you. Hosted by top 5 banking and fintech influencer, Jim Marous, Banking Transformed highlights the leadership and cultural challenges facing the banking industry. Featuring interviews with some of the top minds in business, this podcast explores how financial institutions can prepare for the future of banking.

    The Future of Payments is Fast, Seamless, Safe and Embedded

    The Future of Payments is Fast, Seamless, Safe and Embedded

    Before the rise of PayPal, Venmo, and dozens of other new payment solutions, banks didn't look at the payments function as an epicenter for innovation. Times have changed.

    Digitization of front, middle, and back office processes, plus an explosion of fintech experimentation around the world, have turned the payments function into a competitive weapon rather than a cost center. In parallel, the rise of contextual or embedded finance mean that payments innovation is changing the operating models for banks and the industries they serve.

    Our guest is Mike Cook, global payments leader at IBM. We discuss how the center of transformation in banking is focused on payments and how legacy financial institutions can keep pace with a new generation of providers.

    This episode of Banking Transformed is sponsored by IBM:
    IBM has created a payments fabric where ecosystem members can easily, quickly and economically collaborate and consume payments services from banks, other Financial institutions, or FinTechs.. The IBM Payments Center brings together all elements of IBM to offer clients payments modernization services in a Payments as a Service offering.
    For more information visit ibm.com

    • 38 min
    What Defines a Digital Banking Winner?

    What Defines a Digital Banking Winner?

    Despite increased investment in digital initiatives, financial institutions continue to be concerned that they are falling behind with digital transformation efforts that are needed to build real, long-term competitive advantages.

    Enabling digital engagement is not enough. Banks and credit unions must re-imagining banking from the inside out, changing both how banking is done, as well as what will create value in the digital era.

    Our guest is Daniel Latimore, chief research officer for Celent. He discusses the ways leading financial institutions are differentiating themselves with innovation, back-office reengineering, technology modernization and new leadership paradigms.


    This Episode of Banking Transformed is Sponsored by FIS Global 
     
    If you’re looking to transform, then look no further than FIS’s Modern Banking Platform. Cloud-enabled, containerized, open and secure – it’s built from the ground up to meet the unique challenges and opportunities of the digital age.
    More at: fisglobal.com/modernbanking

    This Episode of Banking Transformed is Sponsored by Microsoft:

    See how Microsoft can help to unlock new opportunities at speed through innovative business models, deliver differentiated customer experiences across channels, products and services, and redefine new ways of working.
    More at Microsoft.com/financialservices

    • 37 min
    The History of Fintech Transformation

    The History of Fintech Transformation

    In 2009, Shamir Karkal and several colleagues created the first digital-only bank of its kind in the U.S. Struggling to describe the benefits of a bank without branches, getting funding was a difficult process. As it turned out, Simple not only grew, but was one of the first neobanks to be acquired by a legacy financial institution.

    When Shamir tried to generate interest for his new financial technology start-up, Sila, he generated $5 million in funding in only a few months … in a marketplace that readily embraces fintech start-ups today.

    On the show, Shamir Karkal, Founder & CEO of Sila, discusses how innovation in the banking industry has changed since the early days of Simple, and what the prospects are for innovation and digital banking transformation in the future.

    • 45 min
    The Importance of Global Payments Functionality

    The Importance of Global Payments Functionality

    Competition in the financial services sector has never been more intense. Banking boundaries, that once were defined geographically, have expanded globally as a result of digital functionality. While neighborhood financial institutions built their businesses on domestic transactions, today’s consumer and small businesses are sending and receiving funds from all around the world more frequently than ever.

    Our guest is Stephen Kuhl, Managing Director – Financial Institutions and Strategic Partnerships for Western Union Business Solutions. We discuss why offering international payment services can be a game-changer, how to overcome hurdles, and what action steps every community bank and credit union must take right now.

    Episode Sponsor

    Western Union Business Solutions is a global leader in international payment enablement for financial institutions. With hassle-free implementation, we offer a world-class, 24/7 digital platform where customers can send payments in 130+ currencies and receive foreign funds with only a few clicks. Each institution is offered a customized solution and dedicated support to help increase customer satisfaction and attract new business.

    Visit HERE to learn more about Western Union Business Solutions.

    • 31 min
    Improving Customer Experiences With Alternative Data

    Improving Customer Experiences With Alternative Data

    In order to survive in an increasingly competitive market, financial organizations must be able to correctly identify consumers to streamline the account opening and credit application processes. This includes those with limited profiles, which has long been a shortcoming of the banking industry.

    It’s important that organizations use new sources of data to combat fraud and improve the customer experience for all consumers, expanding the availability of banking services for a broader population.

    We are fortunate to have Zac Cohen, COO of Trulioo, a global identity verification company, on the show. Zac discusses how alternative data can be used to provide stronger digital identities and provide credit and other services to the previously underserved markets.

    • 41 min
    Is the Future of Community Banks at Risk?

    Is the Future of Community Banks at Risk?

    Some experts predict the demise of community banking organizations, that are challenged by changed consumer behavior, outdated infrastructure, an evolving competitive landscape, and the high cost of digital transformation.
    Is there a viable niche for community banks and credit unions in an industry that is increasingly dominated by huge mega-banks, or are we entering an era of ‘too small to succeed’? If there is a niche, what needs to be done today?
    Our guest is Jeff Marsico, President of The Kafafian Group, Inc. and author of the new book, 'Squared Away: How Can Bankers Succeed as Economic First Responders'. Jeff discusses the role community banks and credit unions can play in an increasingly demanding banking ecosystem.

    This Episode of Banking Transformed is Sponsored by Microsoft:
    See how Microsoft can help to unlock new opportunities at speed through innovative business models, deliver differentiated customer experiences across channels, products and services, and redefine new ways of working.
    More at Microsoft.com/financialservices

    • 40 min

Customer Reviews

4.9 out of 5
53 Ratings

53 Ratings

TimMarkHamilton ,

Thoughtful questions, tons of insights, no fluff

Jim’s guests are about as credible and authoritative as they come. The discussions are always well planned with thought provoking questions and insightful discussion. One of the best podcasts out there about the future of banking. Highly recommended.

Clarisse Gomez ,

Awesome Podcast!!!

Jim, host of the Banking Transformed podcast, highlights all aspects of banking, fintech and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!

Political junkie Florida ,

Great ideas

This podcast feels like a brainstorming session. Great insights and ideas from experts in the Fintech industry. A diverse and wide range of type of guests.

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