The MoneyPot LIVE: Raising the Standard of Embedded Financial Solutions
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What if you could streamline your financial transactions and cut costs at the same time? Join us as we uncover the transformative power of embedded finance and open banking, broadcasting live from Money 2020 USA in Las Vegas. With the expert insights of Tom Bianco from Fifth Third Bank's Newline and Eric Faust from Trustly, we explore how the seamless integration of payment capabilities into various platforms is reshaping the way we conduct our financial lives. Tom and Eric share the story behind their collaboration, detailing how they are pioneering innovative account-to-account payment solutions that enhance everyday transactions for businesses and consumers alike.
In our conversation, we delve into the dynamic between traditional banking and fintech agility, offering a strategic perspective on how NewLine is harnessing both worlds. We highlight how the partnership with Trustly is pushing the boundaries of what's possible in payment capabilities, while also addressing the challenges of adapting to the regulatory landscapes of different global markets. With strategic innovation at the forefront, we discuss how institutions are navigating these changes to ensure both scalability and stability in an evolving environment, emphasizing the importance of understanding core business and regulatory requirements when working with large companies.
Finally, we look to the future, examining the implications of rising consumer expectations and the growth of embedded payments. By exploring the potential of open banking as a cost-effective alternative to traditional transactions, we reveal how it enables merchants to reinvest savings into customer engagement. The conversation also touches on the challenges of re-authentication and tokenization, underscoring the necessity of education in this competitive space. With bold insights from Tom and Eric, we encourage creativity and innovation in elevating embedded financial solutions, leaving our listeners with actionable ideas to enhance their fintech offerings.
Hosts: Ian Horne, Head of Content Money20/20 Europe and Sheryl Chen, Head of Content, Money20/20 Asia
Guests: Tom Bianco, General Manager of Newline by Fifth Third Bank and Eric Foust, VP, Banking Partnerships at Trustly