Rex & Simon Talk Fintech

State of Fintech 2025: Everything You Need to Know - Rex & Simon Talk Fintech SPECIAL

Rex Salisbury — Tue, 07 Jan 2025 11:00:00 -0800

In this episode of “Rex & Simon Talk Fintech,” we explore Simon’s new 113-page deep dive into the state of fintech in 2025. We discuss how hyperscalers like Revolut and Robinhood are taking on big banks, why AI could unlock 90% of the $30 trillion market in financial services, and how the wallet wars are shaping up. We also cover embedded finance, stablecoins, real-time payments, and the rise of global Neobanks. Join us to see why fintech is only just getting started and what 2025 might hold for this rapidly evolving industry.

Simon Taylor: LinkedIn.com/sytaylor

00:00:00 - Introduction: 113-Page Fintech Report

00:00:29 - Hyperscalers Challenge Big Banks

00:01:04 - Overview: Key Trends in 2025

00:02:42 - The Rise of Global Neobanks

00:05:06 - AI Unlocks $30T Market Potential

00:07:10 - Embedded Finance Matures

00:08:18 - Banks: Strong Year Amid Shifts

00:10:27 - Rebundling: The New Fintech Approach

00:12:00 - Payment Giants Face New Rivals

00:14:19 - Open Finance & Real-Time Rails

00:16:14 - Stablecoins Return to Spotlight

00:18:02 - Scamdemic: Addressing Fraud & AML

00:21:55 - Looking Ahead: Future Opportunities

00:25:30 - Final Reflections & Takeaways

00:28:01 - Where Fintech Heads Next

00:53:42 - Closing Thoughts & Next Steps

$300M Acquisition: Can Robinhood serve Wealth Advisors? - Rex & Simon Talk Fintech #9

Rex Salisbury — Sun, 24 Nov 2024 13:00:00 -0800

Robinhood has made its biggest acquisition yet, buying Trade Pamela for $300 million in a bold move to enter the $15 trillion wealth advisory market. This video breaks down what this acquisition means for Robinhood, the impact on the wealth management space, and the challenges the company faces as it repositions itself. Can Robinhood shake up an industry dominated by legacy custodians? Watch to find out.

Burger flipper to IPO - Klarna’s Founder story & what’s next (Sebastian Siemiatkowski) - RSTF #8

Rex Salisbury — Mon, 18 Nov 2024 13:00:00 -0800

In this episode of Rex & Simon Talk Fintech, Rex and Simon delve into Klarna's anticipated IPO and the journey that brought it to this pivotal moment. They discuss Klarna’s unique story, compare it with its US counterpart Affirm, and explore Klarna's innovative use of AI and the future of BNPL (Buy Now, Pay Later). With Klarna now positioning itself for a major US listing, this episode examines the transformation, struggles, and successes of Europe’s biggest fintech company.

Trump Won - What that REALLY means for Fintech & Crypto - Rex & Simon Talk Fintech #7

Rex Salisbury — Sat, 09 Nov 2024 13:00:00 -0800

In this episode of Rex & Simon Talk Fintech, we’re diving deep into the shifting landscape of fintech regulation and the influence of recent political changes on financial innovation. With Trump potentially returning in 2024, the fintech industry faces a new "vibe shift," where deregulation could boost profitability for banks and open doors for emerging sectors like crypto and AI. We’ll explore how these changes impact banks, crypto markets, and the future of fintech—and what that means for innovators, investors, and regulators alike.

Video Chapters

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00:00:00 - Intro to Market Shifts

00:02:46 - Fintech’s Growth Amid Challenges

00:05:29 - Crypto Reaches New Heights

00:08:24 - Future of Bank Charters

00:10:49 - Discussing Regulatory Rollbacks

00:13:21 - Rising Rates and Capital Costs

00:16:13 - Rate Impact on Fintech

00:18:11 - Prediction Markets & Insights

00:20:12 - Open Banking & Consumer Data

00:23:11 - Final Wrap-Up

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Connect with Rex on social media:

LinkedIn: https://www.linkedin.com/in/rexsalisbury/

Twitter: https://twitter.com/rexsalisbury

TikTok: https://www.tiktok.com/@rex.salisbury

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Is Stripe’s $1.1 Billion Acquisition Their Instagram Moment? - Rex & Simon Talk Fintech #6

Rex Salisbury — Sun, 27 Oct 2024 13:00:00 -0800

Join us as we unpack the recent acquisition of Bridge by Stripe—crypto’s biggest acquisition yet and perhaps its “Instagram moment.” With a $1 billion price tag, this is Stripe’s bid to take the lead in stablecoin payments. We delve into the acquisition’s significance, stablecoin utility, and the groundbreaking potential for global, 24/7 payments that bypass traditional limitations. Discover how Stripe plans to leverage this acquisition for mainstream crypto adoption, how Bridge aims to streamline stablecoin use, and what it means for the future of payments worldwide. Let’s explore this pivotal moment together!

Simon Taylor: J / sytaylor

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0:00:00 – Historic Acquisition: Stripe acquires Bridge

0:02:22 – Bridge and Stripe’s Strategic Move

0:04:12 – The Power of Stablecoins: Benefits and Challenges

0:06:31 – Stripe’s Goal for Global Reach

0:08:25 – Growth Opportunities in Emerging Markets

0:09:56 – The Superconductor Metaphor Explained

0:12:00 – Stablecoins vs Traditional Banking

0:15:00 – New Financial Rails and Regulations

0:18:02 – Crypto Innovations & Institutional Backing

0:21:20 – The Eurodollar Legacy and Stablecoins Today

What's really happening behind the Fintech "Bubble" - Rex & Simon Talk Fintech #5

Rex Salisbury — Sat, 19 Oct 2024 13:00:00 -0800

In this episode of “Rex & Simon Talk Fintech,” we explore the resurgence of fintech and debunk the myths surrounding its supposed decline. We discuss the latest market trends, including the performance of fintech stocks and the rise of neobanks like Revolut and Chime. We delve into the significant opportunities in embedded finance and how companies like Gusto are partnering with major banks to expand their reach. We also touch on the evolving landscape of partnerships in fintech and the emerging potential in private credit. Join us as we unpack data, challenge misconceptions, and highlight why now is an exciting time to be involved in fintech.

https://www.linkedin.com/in/sytaylor/

00:00:00 - Introduction: Weather and Fintech Revival

00:01:07 - The Fintech Bubble: Bubble or Opportunity?

00:02:14 - Public Markets and Low-Quality Revenue

00:03:26 - Insurtech’s Lessons: Negative Loss Ratios

00:04:29 - Early Stage Fintech Funding Trends

00:05:05 - The Messy Middle: Series B and Beyond

00:06:12 - IPO Rumblings: Klarna, Chime, and Plaid

00:07:10 - Valuations and Growth in Private Markets

00:08:18 - The Rise of Revolut: Profitability and Growth

00:09:19 - Fintech Fatigue: Are Big Numbers Losing Impact?

00:10:27 - Product Ambitions: Neobanks Expanding

00:11:40 - Embedded Finance: A $320 Billion Opportunity

00:12:51 - Gusto and Embedded Payroll with JPMorgan

00:13:30 - Partnerships Over Competition: The New Normal

00:15:05 - Key Takeaways for Fintech Builders

00:16:14 - Ignore the Noise: Fintech’s Opportunity

00:17:10 - Private Credit: A New Frontier

00:18:02 - Wrapping Up: Future Topics and Feedback

Venmo vs Zelle - who wins and why? Rex & Simon Talk Fintech #4

Rex Salisbury — Sun, 13 Oct 2024 13:00:00 -0800

In this episode, we dive into the heated competition between Venmo and Zelle, discussing how both platforms are shaping the world of peer-to-peer and peer-to-business payments. With Venmo recently launching recurring payments, we explore the growing rivalry with Zelle, which is currently dominating in total payment volume. Our conversation covers the user demographics, transaction sizes, and how each company plans to monetize their services. We also take a deep dive into the “wallet wars,” discussing potential competitors like Apple and Google, and the evolving role of fintech in payments.

Simon Taylor: V / sytaylor

00:00:00 - Introduction and Stats: Venmo vs Zelle

00:01:06 - Transaction Sizes and User Demographics

00:01:45 - Use Cases: Venmo vs Zelle

00:03:26 - Zelle’s Right to Win and Revenue Opportunities

00:04:29 - Venmo’s Monetization Challenges

00:05:05 - The Coming Wallet Wars: Who Will Win?

00:06:12 - PayPal Wakes Up: Venmo’s Untapped Potential

00:07:10 - Inside PayPal’s New Executive Turnaround

00:08:18 - Why PayPal Needs Cohesion in Its Offerings

00:09:19 - Meet Paze: Banks’ Answer to Digital Wallets

00:10:27 - Paze’s Strategy: Can It Compete with Apple Pay?

00:11:40 - Challenges for Paze: Do Consumers Want It?

00:12:17 - PayPal’s Fast Lane: The Future of Venmo?

00:12:51 - Venmo’s Strong Brand: Can It Lead the Market?

00:13:30 - Monetization Debate: Subscriptions vs Aggregation

00:15:05 - Will Wallets Become Identity Aggregators?

00:16:14 - Hiding Fees: Adding Value Through Services

00:17:10 - Subscriptions or Supply Charges: Which Model Wins?

00:19:54 - Venmo’s Next Move: Business Payments and Pay-by-Bank

00:21:55 - Venmo’s Roadmap: Building the Wallet of the Future

Who cares if this is Peak OpenAI? This is great for Fintech!

Rex Salisbury — Wed, 09 Oct 2024 13:00:00 -0800

In this episode of “Rex & Simon Talk Fintech,” we delve into the current state of OpenAI and its implications for the fintech industry. We discuss OpenAI’s recent $6.6 billion VC round at a $157 billion valuation, making it the third-largest private tech company in the world. Is this peak OpenAI, or is there more to come?

We explore the competitive landscape of AI models, the productivity paradox in tech, and how AI promises to impact productivity growth. Linking OpenAI’s advancements to fintech innovation, we analyze how AI is reshaping financial services—from serving overlooked customers to disrupting traditional financial jobs.

We also discuss the potential for AI to empower vertical SaaS platforms, the emergence of RPA 2.0 for automating complex tasks, and the challenges of integrating AI into consumer fintech products. The conversation touches on regulatory hurdles, AI hallucinations in finance, and the role of AI in wealth management and personal admin.

Join us as we unpack whether we’re at peak OpenAI and what the future holds for AI in fintech.

Simon Taylor: https://www.linkedin.com/in/sytaylor/

0:00 - Introduction: Tech Lifting and Last Man Standing

0:39 - OpenAI’s $6.6B VC Round and Valuation

1:26 - Is OpenAI at Its Peak?

2:02 - Competitive Dynamics in AI Models

3:07 - The Productivity Paradox in Tech

4:14 - AI’s Promise for Productivity Growth

5:26 - Linking OpenAI to Fintech Innovation

6:30 - Fintech’s Growth Post-Mobile Era

7:23 - Success Stories: Nubank and Super Apps

8:00 - Serving Overlooked Customers in Fintech

9:26 - AI Disrupting Financial Services Jobs

10:06 - Beyond Cost Reduction: Creating New Products

11:01 - AI Empowering Vertical SaaS Platforms

13:14 - RPA 2.0: Automating Complex Tasks

16:11 - The Search for Consumer AI Fintechs

17:17 - Challenges of AI Hallucinations in Finance

18:18 - Regulatory Hurdles in AI Financial Advice

20:26 - AI in Wealth Management and Personal Admin

24:14 - Packaging AI for Consumer Use

26:24 - Conclusion: Is This Peak OpenAI?

Visa Antitrust Lawsuit & The Future of Fintech | Rex & Simon

Rex Salisbury — Wed, 02 Oct 2024 13:00:00 -0800

In this episode of the Cambrian Fintech Podcast, Rick Salsbury and guest fintech expert dive deep into the DOJ’s antitrust lawsuit against Visa and its potential impact on the fintech ecosystem.

We discuss Visa’s dominant market position in debit payments, the competitive landscape of real-time payment rails, and the implications for fintech businesses, merchants, and global payment systems.

We also explore acquisitions, regulatory hurdles, and the evolving role of identity in payments. Whether you're a fintech founder, operator, investor, or just curious about the financial services industry, this episode is packed with insights on the future of payments and fintech!

Chapters:

00:00 - Introduction

00:23 - Overview of Visa Antitrust Case

00:58 - Visa’s Market Dominance in Debit Payments

01:51 - Implications for Visa and Fintech Ecosystem

02:21 - Impact on Merchants and Fintech Startups

03:43 - Real-Time Payment Rails and the Future of Payments

05:24 - DOJ’s Role in Fintech Acquisition Regulations

07:11 - Global Competitive Threats to Visa

08:14 - Chilling Effect of Antitrust on Fintech Acquisitions

10:14 - The Changing M&A Landscape in Fintech

11:06 - Visa’s European Strategy and Fraud Prevention Moves

12:44 - Private Companies and Multibillion-Dollar Acquisitions

13:38 - Visa’s Flexible Credential and Identity in Payments

14:40 - Broader Antitrust Conversations and Industry Trends

15:03 - Conclusion and Preview of Next Episode

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What do Deep Fakes really mean for KYC? - Rex & Simon Talk Fintech

Rex Salisbury — Tue, 01 Oct 2024 13:00:00 -0800

In this episode of "Rex & Simon Talk Fintech," I chat with Simon, head of strategy at Sardine, about the rising threat of deep fakes and their impact on KYC processes. We dive into how traditional KYC is being outpaced by new technologies and what companies like Sardine are doing to stay ahead. We also explore the FDIC's new rule and its implications for embedded finance, as well as Klarna's bold move to replace Salesforce with AI-driven solutions. Finally, we discuss the broader impact of AI on financial services and the evolving landscape of fintech.

Simon Taylor: https://www.linkedin.com/in/sytaylor/

00:00 - Deep Fakes and the KYC Crisis

01:37 - Why Traditional KYC Is Failing

04:23 - How Sardine Tackles KYC Challenges

05:51 - The Importance of Collaboration in Fraud Prevention

07:21 - FDIC’s New Rule: Threat to Embedded Finance?

10:15 - Understanding Brokered Deposits and Risks

12:21 - Klarna Drops Salesforce: End of SaaS?

16:08 - The Role of AI in Replacing SaaS Systems

19:56 - What Is an “Agentic” Offering?

22:39 - AI’s Impact on Financial Services

24:42 - Macro Trends and Their Impact on Fintech

32:03 - Rebundling Financial Services

34:37 - Final Thoughts and Lessons Learned

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Connect with Rex on social media:

LinkedIn: https://www.linkedin.com/in/rexsalisbury/

Twitter: https://twitter.com/rexsalisbury

TikTok: https://www.tiktok.com/@rex.salisbury

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