Jun 14, 2022 • 31M

Jeff Tijssen, Bain Global Head of Fintech – Reimagining Financial Services for Incumbents and Fintechs & How Embedded Finance Will Transform the Industry

Miguel Armaza sits down with Jeff Tijssen, Partner and Head of the Global Fintech Practice at Bain & Company.

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Miguel Armaza
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I sit down with Jeff Tijssen, Partner and Head of the Global Fintech Practice at Bain & Company, where he advises incumbent players, large fintechs, and some of the top venture capital funds in the world on helping them build products, strategy, and figuring out what’s next in fintech.

In this episode, we discuss:

Opportunities and challenges of neobanks and how some of the largest players are adapting to a world where capital is a lot more expensive, profitability is imperative to build a sustainable business, but their opportunities for disruption are as big as ever.

“If customers would be really satisfied with the services that they were getting from their incumbent banks, we would not see millions of consumers and businesses around the world signing up to new banks and adopting a variety of different FinTech solutions.”

Tech strategy for incumbents and how some of the largest banks in the world are modernizing by partnering with modern fintechs, while also transforming their organizations from within.

“We're seeing a ton of interest from a variety of banks around the world to use embedded finance as an exciting opportunity… to effectively turn a cost center into a profit center.”

Why embedded finance is one of the topics Jeff is most excited about and how this will bring a fundamental shift to the industry… and a lot more!

“For non-financial service players [Retailers/Marketplaces], having the ability to embed your financial products and services into the customer journey at the point of sale or point of needs, is something that, I think, will fundamentally transform the landscape.”

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Miguel Armaza is Co-Founder & Managing General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.