Fintechs are a force for good in the world. Christian Rau of Mastercard discusses purpose-driven innovation, how Mastercard identifies trustworthy fintech players, what traditional banks are ignoring at their own risk, and what trends to look for new innovations in.
Key Takeaways.
- [0:00] Denise Johansson puts Christian Rau, Senior Vice President of Crypto and Fintech Enablement Europe at Mastercard, in the hot seat.
- [2:16] We all know the brand, but what exactly does Mastercard do?
- [4:11] The 9 trends to watch in the payment industry and where fintech can fit in.
- [4:46] Innovation rarely comes from traditional banks, fintech partnerships make that magic happen.
- [7:07] Christian offers his favorite 2 trends to watch and why: connected finance and unleashing acceptance.
- [9:59] In a frictionless, safe, secure, simple transaction world, there is room to ponder conscious consumerism.
- [10:36] Helping organisations focus on their core gives them more time to innovate and push forward.
- [13:45] Mastercard plays an active role in helping fintechs find partners.
- [16:12] Building trust and keeping trust is not something to take lightly, and working with a large player requires you to be on your best game
- [18:46] How Mastercard came to be such a big fintech partner and why being an early innovation adopter is key to growth.
- [21:09] Enfuce x Mastercard! Increasing advances in technology means you have to partner with knowledgeable, technical actors.
- [23:29] Christian highlights a fundamental theme: easy and simple works.
- [26:07] Advances are unpredictable and surprising, stay on your toes!
- [27:12] Denise signs out until the next time she puts an industry leader in the hot seat.
People.
- Guest Christian Rau, SVP Crypto and Fintech Enablement Europe at Mastercard, a global payments industry company powering a safe, simple, and secure digital economy benefiting everyone.
- Host Denise Johansson, co-CEO and co-Founder of Enfuce, a female-founded fintech helping drive business growth, solve customer challenges, and extend financial inclusion.
Links.
Guest Quotes.
- A lot of the trends are shaped, perpetuated, and driven by fintech. — Christian Rau, Mastercard, InTheHotSeat
- The increasing digitization of consumer-to-merchant commerce, whether it's in-app or mobile, actually determines the consumer journey quite a bit. — Christian Rau, Mastercard, InTheHotSeat
- Generation Z and all these new founders come with a different attitude. They would like to run a profitable business, but for them, it's equally important to do something that contributes to the wider well-being. — Christian Rau, Mastercard, InTheHotSeat
- We are not more relaxed with a FinTech than we would be with a high street bank. — Christian Rau, Mastercard, InTheHotSeat
- Trust is something that takes a lot of time to build, it's very easily lost, and then very difficult to gain back. — Christian Rau, Mastercard, InTheHotSeat
- It always boils down to offering choice and leveraging partnerships and technology to add value to the ecosystem. — Christian Rau, Mastercard, InTheHotSeat
Denise Quotes.
