Interview

[VIDEO] Money20/20 Europe: Interview with Nigel Verdon, Railsbank`s Co-Founder and CEO

Tuesday 12 October 2021 09:01 CET | Editor: Oana Ifrim | Interview

This year at Money 20/20 Europe, The Paypers Lead Editor Oana Ifrim talked to Nigel Verdon, Co-Founder and CEO at Railsbank, about BaaS, innovation and expansion strategies, and key areas for growth in future for Railsbank

Topics addressed in the interview:

  1. Top criteria when picking the right project and role.
  2. What makes APAC a go-to, forward-looking market. Local and regional trends transforming banking.
  3. Following the Philippines, Malaysia, Vietnam, Sri Lanka, and Singapore, Railsbank also announced a market launch in Australia earlier this year, with local challenger bank Volt as its first client. The reasoning behind this move and the strategy when picking the right business partners.
  4.  Top challenges of international expansion.
  5. In July 2021 Railsbank has raised USD 70 million in new equity funding. The main targets aimed towards with this investment.
  6. We see lots of challengers, neobanks, crypto players, PaaS providers emerging. On the other hand, some market needs/verticals are ignored/underserved. We discussed the underserved verticals in finance/banking that are in high need of innovation/push.
  7. Existing initiatives that seek to address the existing challenges in the cross-border payment system.
  8. Railsbanks’s evolution over the next couple of years and key areas for growth in future for Railsbank.

Read Railsbank`s interview Demystifying BaaS and how it relates to iTunes, where Nigel Verdon digs into the future of finance by explaining BaaS and how it is synonymous with Open Finance, providing relevant use cases, and showcasing its benefits.

About Nigel Verdon

Nigel is Co-Founder and CEO at Railsbank. He is a well known fintech entrepreneur and has founded three successful fintech firms Evolution, Currency Cloud and most recently Railsbank. He sits on the board of FX Options Hedge Fund LCJ and was previously a partner at fintech VC fund Finch Capital. He also worked at Swiss Bank Corporation (now UBS) and was a director at Dresdner Kleinwort Investment Bank - both banks recognised for their innovation in technology.

 

 


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Keywords:
Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech