Breaking Banks Asia Pacific Rachel Williamson

With Asian markets making the leap into open banking and open finance, there's new talk of cross-border open banking and open finance. We sat down with opn payments and open banking experts Lauren Jones and Nilixa Devlukia at Money 20/20 Asia to discuss lessons for new markets considering open banking, use cases for cross-border open banking and the rails that need to be in place to truly empower consumers.







Guests:







Nilixa Devlukia is the Chair of the Open Finance Association and founder of Payments Solved, a regulatory consultancy advising on the regulatory framework for CBDC, crypto assets, open banking, and payment services. She’s a lawyer by training and has worked both on the banking side at Barclays, but also on the regulatory side at the Financial Conduct Authority, and other regulatory bodies.







Lauren Jones is SVP Global Advisory at UK-based open banking and tech company Konsentus. She was formally Head of Standards at Payments UK  where she was responsible for the UK’s standards policy on behalf of banks, government, and the wider industry. So it’s no surprise she’s a self-proclaimed regulation geek







Produced by Charis Palmer, with sound engineering by Kevin Hirshorn.

Sometimes it takes out of the box thinking to get people to make the move from cash to digital money. 







And if there is one person who has had to think deeply around this issue, it's Jojo Malolos, currently the CEO of Philippines payment service PayMongo and before that founded digital bank GoTyme.







But so many people start the journey at the easy bit, in the middle: how to get people who already have money to use cards or digital wallets. Jojo starts at the much more difficult extreme, with people who are unbanked because they have no money at all.







We travel through the journey of providing a basic income to people so they have enough money to open a bank account, through to how to encourage people to take the leap from the under-mattress stash to digital money.Produced by Rachel Williamson and Charis Palmer, with sound engineering by Kevin Hirshorn. 

The team from Breaking Banks Asia meet forward thinkers to sum up last week's Money 20/20 Asia conference with a focus on the investment outlook for startups and fintechs, the key themes coming out of the conference and how banks and their competitors are teaming up to innovate.







Guests:







- Scarlett Sieber, Chief Strategy and Growth Officer at Money20/20







- Dennis Pratistha, Chief Investment Officer, Mandiri Capital Indonesia







- Tim Poskitt, Fintech Managing Director - APAC, Startupbootcamp







Produced by Rachel Williamson and Charis Palmer, with sound engineering by Kevin Hirshorn. 

In this second part of our series on cash, cards and digital wallets, we shift our focus to the challenges and opportunities of an entirely digital payments world and look to the innovation happening beyond consumer payments. 







We start with the legacy of India's controversial 2016 demonetisation program, explore the role of central banks in cutting back cash, and investigate the future of cross border payments, where things are heating up.







Guests:







Monica Jasuja, Ambassador, Emerging Payments Association Asia







Anthony Thomas, Non-executive Chairman, MoMo; MD, Fintech, Delivery Hero







Brad Pragnell, Principal, 34 South 45 North







Richard Holden, Professor of Economics, UNSW Business School







Produced by Charis Palmer and Rachel Williamson, with sound engineering by Kevin Hirshorn. Music credits to Raz Burg, Mahesh Vinayakram and BalloonPlanet. 

Debanking is a real problem for fintechs operating in Australia. Local companies and foreign intrants alike are not immune to a 30-minutes-to-midnight text saying "your accounts will be closed from tomorrow". 







Stuart Stoyan, founder of Moneyplace and former chair of Fintech Australia, is in no mood for making nice after five years of inaction from governments and regulators and feeling the humiliation himself of being told you can't be trusted with your customers' money, or data. 







We discuss who's been broken up with via text and ghosted, the chilling effect on doing business as a fintech in Australia, and Stoyan's views on the real reasons why banks have had to be told by the top finance cop, "don't be dicks". 







Produced by Rachel Williamson and Charis Palmer, with sound engineering by Kevin Hirshorn. Music credits to Raz Burg and BalloonPlanet.

In Part 1 of this two-part show we explore the resilience of cash for payments.







From cards and digital wallets to superapps and digital currency, we ask the experts what’s the killer app to kill cash in Asia, and what would mass uptake of global digital payments mean for financial inclusion in our region.







Guests:







Anthony Thomas, MoMo







Jason Bryce, Cash Welcome







Brad Pragnell, 34 South 45 North







Monica Jasuja, Emerging Payments Association Asia







Produced by Charis Palmer and Rachel Williamson with sound engineering by Kevin Hirshorn. Music credits to Charlie Ryan, Mahesh Vinayakram and BalloonPlanet.