Banking Uncovered Podcast

RFI Global
Banking Uncovered Podcast

Welcome to RFI Global’s Banking Uncovered - the podcast that goes behind the industry PR, the media spin, the product awards and the investor reports to look at what’s really going on in the industry. Using customer data we focus on how are customers behaving, how behaviour is changing and how institutions are reacting to new customer needs. At the same time as the rapid development and enhancement of data capability, the impact of generative AI and the emergence of stronger fintech propositions, traditional banks have invested heavily in their digital capabilities. As the industry stalwarts, challengers and fintechs continue to compete in this new digital and physical world, we bring together divergent opinions and viewpoints. Talking to CEOs, founders, global experts and leaders in banks, payments, fintechs and challengers spanning the globe, we ask the big questions facing the industry. In depth interviews and panel discussions, combined with RFIs global customer data lake will ask: · What are evolving needs of customers and what are the key trends? · What are the next innovations that will meet these? · Which players are responding to new and emerging customer needs and what propositions are working? · Are new and upcoming regulations going to impact the market and how?

  1. 10.12.2024

    Banking Uncovered Episode 13: Transforming fintech, the role of AI and reimagining the future of financial services

    For most Americans, their financial institution is the last thing on their minds - they’re too busy navigating pay cheque-to-pay cheque living, rising costs and a housing crisis. What they need from financial service providers isn’t just another product; they need tools that make life simpler, more transparent and fairer. From real-time access to wages to innovative housing solutions like PadSplit, the future of financial services lies in meeting people where they are and empowering them to build better lives.  In this episode of the Banking Uncovered Podcast, Chloe James, Banking Uncovered Co-host, speaks to Kathryn Petralia, Co-founder of Kabbage and Keep Financial, and one of Forbes’ most powerful women in the world. They discuss trends in banking, the biggest challenges in financial services today, the future of fintech and the broader industry, US consumer sentiment, satisfaction and dissatisfaction, global innovation, the gender pay the gap in financial services, and much more.  Topics discussed include:  The need to make financial services more accessible and less judgmental through data-driven decisions and online platforms  How to balance innovation with responsibility, including the challenges of unintended consequences in the machine learning model  Americans' focus on day-to-day financial survival amid the cost-of-living crisis and economic instability  Innovations in global payments, cross-border banking, and cryptocurrency adoption for consumers and SME’s  What we can learn from companies like Revolut that are simplifying financial processes and setting new benchmarks for customer experience  Looking ahead to 2025: Kathryn’s vision for addressing financial needs, empowering individuals to save more and strengthening economies through innovative compensation models.

    33 мин.
  2. 07.11.2024

    Banking Uncovered Episode 12. Jim Marous: Futureproofing finance part 2 – Customer engagement, branding and next-level innovation in banking

    Customer engagement in banking is shifting from passive loyalty to active engagement, driven by innovation and increasing customer expectations. Today’s customers want banks that understand their unique needs, offer quick and simple account setups, and provide a personalised experience.  But what is the difference between a fabulous relationship and being intrusive?  Banking Uncovered host Chloe James, speaks to Jim Marous, a top 5 retail banking influencer, global speaker, podcast host and co-publisher at The Financial Brand about the evolving landscape of customer experience (CX) and engagement in financial services. They explore how banks must prioritise personalisation beyond broad segmentation and embrace partnerships with fintech’s to offer streamlined, intuitive experiences that build trust and loyalty.   They discuss how traditional banks and fintechs should take advantage of the data they have on their customers, what’s next for innovation in banking, and much more.  In the second of two podcasts, Jim and Chloe dive into the challenges financial institutions face with the rising pressure to embrace personalised, customer-driven experiences in a tech-driven world.  Topics discussed include:   What customer engagement means today and how to excel The importance of personalised engagement and how customers expect banks to understand their unique goals, preferences and financial patterns The huge and under-utilised value that data and customer insight bring What financial institutions can learn from GPS systems, Amazon Prime and Disney The next level of innovation in banking and how to deliver meaningful innovation The imperative for convenience and speed

    43 мин.
  3. 29.10.2024

    Banking Uncovered Episode 11. Jim Marous: Futureproofing finance part 1 – Digital innovation, AI and the dawn of the fintech

    Intention to switch main bank accounts around the world is at an all-time high. In the world’s largest markets, up to 34% of consumers are considering changing their main bank provider. In the US it has never been higher at 25%.   Banking Uncovered host Charles Green talks to Jim Marous, a top 5 retail Banking Influencer, global speaker, podcast host and co-publisher at The Financial Brand, about the market dynamic causing this trend, the proliferation of digital, AI and fintechs. And much more.  In the first of two podcasts Jim and Charles dive into the challenges traditional banks face in keeping up with digital platforms, and the opportunity the data they hold on customers represents.   Topics discussed include:  Redefining switching: The dynamics behind switching behaviour today and how the definition of switching has changed  Banking relationships: Why the main bank account is no longer the primary banking relationship  The rise of PayPal and super apps: How companies like PayPal and other transactional apps have become dominant, and the value of the insights they hold on consumers  Lessons outside of finance: What financial institutions can learn from the likes of Uber and Airbnb  The role of AI and Gen AI: How AI is reshaping everything from personalisation to fraud prevention, setting the pace for finance’s future.  The dawn of fintechs: The growth of fintechs and the importance of personalisation and convenience   Don’t miss part 2, subscribe on your podcast app today.

    35 мин.
  4. 18.09.2024

    Banking Uncovered Episode 10: Building trust through transparency - RAA Insurance's focus on a member-centric service

    RAA Insurance won three prestigious awards in the Australian Banking & Finance Awards 2024, Most Recommended General Insurer, Best Motor Insurer and Best Home Insurer. The Awards celebrate the financial service providers who have outperformed their peers, and often exceeded the expectations of their customers. Unlike other awards programmes, winners are determined by customers and are backed by data.    In this engaging episode of the Banking Uncovered Podcast, Chloe James, Banking Uncovered Co-host at RFI Global, speaks to Tara Page, Chief Executive at RAA Insurance about how they achieved customer excellence and how they are addressing many of the challenges the insurance industry is facing worldwide, including the impacts of climate change and cost of living crisis.  By keeping their members' needs at the forefront, RAA Insurance ensures its products offer value for money while addressing affordability and providing quality service.   Topics discussed include:   The challenges facing the industry including climate change, the cost-of-living crisis and the aftermath of the pandemic The impact of economic stress on consumers and the protection gap How insurers around the world can learn from each other The importance of customer-centricity and designing products that meet consumers’ evolving needs and the importance of membership benefits How to offer value-for-money insurance products Best practice and innovation in the insurance sector Representing the voice of the consumer with government initiatives Introducing flexible motor insurance options Managing late payments with flexible payment plans Enhancing customer experience during claims Strategies for maintaining affordable insurance premiums

    27 мин.
  5. 27.08.2024

    Banking Uncovered Episode 9: The digital banking revolution - Brett King on the rise of challenger banks

    The banking sector has undergone a radical transformation over the past decade. Fourteen years ago, when our podcast hosts first met our guest, there were no fintechs or neo banks. Now, the world’s top 20 fintechs significantly outvalue the top 20 traditional banks. So, what does the future hold? How should traditional banks navigate this changing landscape?  In this engaging episode of the Banking Uncovered podcast, Charles Green, RFI Global’s Founder, and co-host Chloe James, speak to Brett King, founder of Moven and host of Breaking Banks, investor, author and futurist, about how AI and technology are shaping the future of banking. They explore changing customer behaviours, particularly among younger generations, who prefer digital solutions over physical branches. They discuss how banks in different regions, like the US, are adapting their branch strategies and integrating digital services to meet customer expectations, the next big transformations in the industry and much more.    Topics discussed include:    The phenomenal global growth of fintechs and neobanks  The evolution of digital banking and its impact on traditional institutions The role of AI and technology in enhancing banking services and customer experiences The future role of bank branches: Will they become a fashion accessory? The shift in customer preferences, particularly among younger generations The increasing importance of convenience and accessibility in financial services, driven by smartphones and AI capabilities Consumer appetite for super apps around the world and the potential for ‘super wallets’  Tune in to gain valuable insights into the digital revolution in banking and what lies ahead for financial institutions and fintechs.  Explore all our past podcast episodes here.

    45 мин.
  6. 13.08.2024

    Banking Uncovered Podcast Episode 8: Innovating banking - Steve Weston on digital transformation and customer engagement at Barclays

    Steve Weston, Head of Everyday Money Management at Barclays, discusses his career journey, including his role in founding neobank Volt and his return to Barclays UK. He shares valuable insights into the challenges and experiences of working in both a fintech startup and a traditional bank.  In this engaging episode of the Banking Uncovered podcast, Charles Green, RFI Global’s Founder, and co-host Chloe James, speak to Steve about the future of digital banking for neobanks and traditional banks. Innovative strategies for maintaining customer relationships beyond digital transformation, the concept of super apps, AI and cyber security and much more.  Topics discussed include:     The future of neobanks and the increasing need for them to act more like traditional banks, especially regarding customer service and fraud reimbursement  Barclays’ innovative approach to customer engagement including the creation of  Barclays Local, the introduction of shared banking hubs and the development of electric vans The role of super apps and advanced payment solutions in the future of banking Barclays’ approach to acquiring and retaining young customers The importance of personalised services and digital tools Strategies to integrate payments and enhance digital services The value of Barclay’s Digital Eagle programme in educating customers and preventing fraud  Explore all our past podcast episodes here.

    40 мин.

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Welcome to RFI Global’s Banking Uncovered - the podcast that goes behind the industry PR, the media spin, the product awards and the investor reports to look at what’s really going on in the industry. Using customer data we focus on how are customers behaving, how behaviour is changing and how institutions are reacting to new customer needs. At the same time as the rapid development and enhancement of data capability, the impact of generative AI and the emergence of stronger fintech propositions, traditional banks have invested heavily in their digital capabilities. As the industry stalwarts, challengers and fintechs continue to compete in this new digital and physical world, we bring together divergent opinions and viewpoints. Talking to CEOs, founders, global experts and leaders in banks, payments, fintechs and challengers spanning the globe, we ask the big questions facing the industry. In depth interviews and panel discussions, combined with RFIs global customer data lake will ask: · What are evolving needs of customers and what are the key trends? · What are the next innovations that will meet these? · Which players are responding to new and emerging customer needs and what propositions are working? · Are new and upcoming regulations going to impact the market and how?

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