Deciphered: The Fintech Podcast

How Much?! What’s at Stake in the Unsexy World of Wholesale Payments?

Episode Summary

In this episode of Deciphered, Adam Davis, expert associate partner at Bain & Company, is joined by Erin McCune, expert partner at Bain & Company, Manish Kohli, head of global payments solutions at HSBC, and Thierry Chilosi, chief strategy officer at Swift, to discuss what’s at stake in the world of Wholesale Payments.

Episode Notes

Timestamps:

00:00 Introduction
04:07 What’s at stake in the world of Wholesale Payments?
08:06 Why are wholesale payments so important?
10:05 From the FI's perspective, what are the profit pools and ways of making money within wholesale payments?
14:51 How have wholesale payments changed in the last 10 years? What's driving innovation?
23:39 Will real-time payment networks lower the barrier to entry for new payment products?
29:00 What are the effects on working capital and liquidity with real-time infrastructures working 24/7?
33:48 Swift's modernisation journey - from telex to the new XML standards
36:57 How will Swift's new collaborations with Visa and Wise serve businesses and banks going forward?
38:38 What makes a successful partnership in the fintech space?
42:19 What will the wholesale payments industry look like in 15 years?

You can read more about Bain’s POV on Wholesale Payments in the recently published brief: The Fragmentation of Wholesale Payments Calls for Banks to Remake Their Approach

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You can find Adam Davis here
You can find Erin McCune here
You can find Manish Kohli here
You can find Thierry Chilosi here

For more insights from the Deciphered podcast, visit the page on Bain’s website