Fintech Finance Podcasts: The FF Salon
FF News | Fintech Finance presents... well.. what is turning into a selection of creative, innovative spins on B2B podcasts! Kicking off with the ”FF Salon”, we interview some of the best and brightest in Fintech... while at the same time, cutting, styling & ”zhuzh”ing their hair; giving us much more intimate and deeper insight into what makes these executives and companies tick Coming up... - Carpool Conversations @ITC - The FF Salon @Sibos
Episodes

Wednesday Jan 12, 2022
Wednesday Jan 12, 2022
In today’s Virtual Arena, our host Doug Mackenzie is joined by Christoffer Andvig from Neonomics as well as Siri Borsum and Michael Lowers from Huawei to discuss the partnership between the two organisations, the future of Open Banking and what these two organisations are doing right at the heart of Open Banking.

Wednesday Dec 22, 2021
Wednesday Dec 22, 2021
Today’s Virtual Arena is the last of the year, so make sure you join CBI’s Alessio Castelli and our host Douglas Mackenzie as we discuss the state of Open Banking – particularly in Italy. CBI, the collaborative hub for technological innovation and digitalisation of the financial industry, has published a report which provides a complete picture of the state of the art of Open Banking, highlighting potential trends and future developments in the Italian and global market.

Monday Dec 20, 2021
Monday Dec 20, 2021
In today’s Virtual Arena join Expert.Ai’s Daniele Cordioli and esure Group’s Chris Pearce in a discussion titled ‘Using Ai in Insurance: Reducing Risk and Improving the CX’. With the significant amount of sensitive data flowing through an insurance organisation, one of the key advancements will be to utilise artificial intelligence in an actionable and meaningful way – not just for the back office, but for the customers too.

Thursday Dec 16, 2021
Thursday Dec 16, 2021
On today’s Virtual Arena enabled by Adjust, we are going to be looking at finance apps and how they can stand out in an increasingly busy ecosystem. Join Google’s Charlene Jolly, Mettle’s Jack Collier and Atom Bank’s Micheal Sherwood as we drill down to what your fintech or bank needs to do in a mobile dominated ecosystem. From user acquisition, retention and even security, this discussion will be key to understanding and thriving in this bold new environment.

Wednesday Dec 15, 2021
Wednesday Dec 15, 2021
Digital Mortgages: A Transformation Into the Future
Mortgages. A vast loan used for acquiring property. They are one of the largest financial products that a customer will use in their lifetime. After all, buying a house is no small feat. While the rest of the financial world was evolving and digitizing itself at a regular pace before COVID-19, some would say that mortgages had slipped behind on that. This lack of digital growth pre-COVID, the importance of customer experience, and the future of mortgage technology became the key topics behind our latest Virtual Arena. Featuring Laurean Herepean from FintechOS, Christopher Pearson from HSBC UK, and Tom Hodgson from Trussle, our own Douglas Mackenzie sat down with these figures and discussed the journey – as well as the challenges – that digital mortgages faced up until now.
Pre-COVID, many referrals for mortgages came from a non-digital environment. Word of mouth, estate agents, and physical ads; there were reasons to do this, of course, as the complexity of such a system was a difficult hurdle to overcome for that digital growth. Not only that, but people want to be nurtured through the mortgage process. It’s natural. We, as humans, rely on interaction in almost every aspect of our lives. You can’t just throw a bunch of algorithms at the mortgaging process and expect customers to be content with that.
That isn’t to say there has been no digital growth for mortgages. A lot of banks, even before COVID, had been investing in the customer experience, the journey to digital, and cloud-based platforms. That transformation simply hadn’t been as overt until COVID-19. This pandemic, while ghastly in every sense of the word, was a trigger for digital transformation worldwide. When every other channel is inconvenient, unavailable, or unsafe, we need to create a new channel. Before then, we were jogging. Now, we are sprinting. A fire was lit under our rears.
“Trussle were well set up for when the pandemic hit, we’ve been trying to bring this process online as much as we could anyway. We didn’t need people to go in or be anywhere physically, customers could go online and fill in their information, […] but we saw a big uptick in the amount of people that were coming to us because of the other channels being offline.”
Tom Hodgson, Commercial Director at Trussle.
Even with this digital growth, however, the actual components of buying a house – the system itself – hasn’t changed much. It’s a step by step process. You find a house, you go to an estate agent, you to a financial advisor, and so forth. Nowadays, however, we’ve seen an increased reliance (and necessity) on video calls rather than face-to-face interactions. In these times, you’d be hard pressed to find a service that still demands you visit a branch. Instead, you engage in calls behind monitors and talk through online chat platforms. Instead of filling out a mountain of paperwork and forms, there are automated evaluations and existing data that banks can use to gauge a customer’s affordability. Efficiency is the name of the game. It’s that efficiency that we’ve seen the biggest improvements on when it comes to digitization.
Simply put, we’re seeing more automation but the journey itself hasn’t changed. It’s smoother. It’s quicker. It’s efficient.
When making that transformation, however, the customer’s experience is absolutely vital. Building what the customer wants, tailoring it to their experiences and needs, allows for a solution that creates as little disruption as possible for the consumer. Open banking has that potential. We need to get customers more attuned to that open banking experience, however, and to get them more comfortable with it. A soft, guiding hand to walk them through is best. We can already see that; customers will regularly come onto live chat, or phone you, not only to make sure they’re going through the process correctly but to get as close to a face-to-face experience as possible. Anyone who engages in the mortgage business needs those interactions to build trust. A self-service approach can’t completely work.
A hybrid approach, where automation improves but interaction remains, is not only a possibility but a necessity and close to a reality. Why? It’s all about trust.
“The human element will remain critical to build trust. As a bank, you want to save human involvement for where it counts; you can digitize document uploads, ID verification, form signatures, but this human touch should be preserved in the mortgage process.
I think the approach will be a combined one; assisted together with self-service.”
Laurean Herepean, Digital Banking Product Owner at FintechOS.
So how are the different players positioned in today’s climate? For traditional banks, they’re in a better position to leverage these new mortgage approaches due to their funds, infrastructure, and most importantly the trusted brand that a customer can rely upon. For a bank such as HSBC UK, some of their customers and their customers’ families have been with them for over a hundred years. That heritage, that trust, is so valuable for them. With this new hybrid approach to mortgages, traditional banks are able to invest far more into these areas and are secure in their opportunities to lend for mortgages.
On the other hand, you have neobanks. While they don’t have as much of a trusted brand as traditional banks might, and might have access to less funds due to how recent they are, we’re already seeing them grow into that digital transformation. Venture Capitalists in the UK, in fact, are already branching out into financial services and mortgage lending. We’re seeing examples of Neobanks, like Starling Bank, take those steps into digital mortgages – to further the example just mentioned, Starling Bank acquired Fleet Mortgages. This is a growth market and it shows.
For this market as a whole, one of the things that’s really going to differentiate competitors is pre-approved mortgages and write-ups in front of the journey. Efficiency, in other words, and being fast. Not just in the offer, not just in the form filling, but across the entire sphere. This is the general direction that we should be looking towards and keeping our eyes on. We’ll see banks and brokers enabling much quicker outcomes, making the house buying process faster, and using data in innovative ways to provide the right product, at the right time, for clients.
This “battle” between neobanks and traditional banks might even see a third contributor to the space. Tech companies. They already add a lot to the space; they have the technology, the money, the process. These big names could very well become fintech businesses in their own right. That may become the future of the mortgage, as well as the future of financial services. But it’s not going to come suddenly. That change isn’t going to happen overnight.
“I see [the future] as steady, controlled change. I think we’re going to see more collaboration with embedded lenders. And now they’ve got more agility through cloud-based computing and the ability to link in certain component parts of that through API methodologies. I think it’s highly likely we’ll see a little more collaboration in that space.”
Christopher Pearson, Head of Intermediary Mortgages at HSBC UK.

Monday Dec 13, 2021
Monday Dec 13, 2021
In today’s Virtual Arena we tackle the ultimate issue – saving the planet. Join BBVA’s Ricardo Laiseca and our host Doug Mackenzie as they find out how financial institutions are gearing up for taking down coal. Fresh off their chairman’s announcement that they are phasing out the fossil fuel we wanted to find out how BBVA were going to achieve this.

Wednesday Dec 08, 2021
Wednesday Dec 08, 2021
In today’s Virtual Arena, our host Douglas Mackenzie is joined by Sarah Leugers from Gold Standard and Alex Lawson from Western Union Business Solutions. Together, these two organisations have formed a partnership, exemplifying how finance can go green and how business impacts on climate change. Furthermore, today’s discussion also covers how climate change effects business.

Monday Dec 06, 2021
Monday Dec 06, 2021
In today’s Virtual Arena we are joined by Molo Finance’s Francesca Carlesi to discuss mortgages in the world of fintech. They are one of the biggest financial products that consumers will use in their lifetime, and a traditionally physical process. In a post-COVID world, we find out how Molo Finance has digitised, hybridized, and improved the mortgage experience for customers, and what the future looks like for digital mortgages.

Thursday Dec 02, 2021
Thursday Dec 02, 2021
In today’s Virtual Arena, our host Doug Mackenzie discusses with BNY Mellon’s Joon Kim how the American bank are utilising the blockchain to digitise working capital in the global trade finance scene. Furthermore, Joon Kim discusses his role and tenure at BNY Mellon and the banking industry; as well as the state of digital payments and trade finance pre COVID-19.

Wednesday Dec 01, 2021
Wednesday Dec 01, 2021
In today’s Virtual Arena, Microsoft’s Craig Wellman will be speaking with our host Douglas Mackenzie as part of our series on how finance can go green. This episode will be discussing how urgent action is required for at least half of all UK organisations to meet the UK Government’s 2050 net zero carbon emissions target.