Highlights of Swiss Fintech Tour
Date: 09 May 2024
Author: FINTECH Circle
At FINTECH Tours, we provide an immersive experience designed to connect you with the minds shaping tomorrow’s financial landscape.
On March 21st, 2024, FINTECH Circle hosted Swiss delegates to another insightful Fintech Tour. Susanne Chishti, the Founder & Chair of FINTECH Circle & Prof. Andreas Dietrich, extended a warm welcome to all attendees & outlined the day’s agenda.
Susanne Chishti discussed the global trends in Fintech, highlighting the market’s size, impressive growth trajectory, and the diverse players within the ecosystem. She provided an insightful breakdown of Fintech sub-sectors & UK’s Fintech framework, touching upon its political landscape, the role of the FCA regulator, and the tax system.
This year’s Fintech Tour featured presentations from five innovative Fintech startups, each addressing unique challenges with their solutions.
Federico Spinella, Senior Data Scientist at Revolut, shed light on Revolut’s innovative approach to banking during our conversation. He emphasised how Revolut, as a London-based fintech giant, caters to a diverse clientele of 35 million retail customers and 500 thousand businesses across 200+ countries.
Federico highlighted the pivotal role of AI and machine learning in shaping Revolut’s lending practices, ensuring they are not only efficient but also customer-centric.
Moreover, he discussed how Revolut integrates AI into open banking initiatives, offering transparent and seamless financial experiences to customers worldwide.
Oli Cook, CEO of ekko, discussed how their company is transforming finance through real-time carbon tracking and offsetting. He emphasised on ekko’s capability to embed its technology at any bank, retailer, or employer globally, enabling the highest quality, real-time carbon footprint tracking.
Oli underscored ekko’s mission to integrate sustainability seamlessly into transactions, allowing users to visualise and offset their carbon footprint. Moreover, he highlighted how ekko’s modular infrastructure benefits businesses by integrating sustainability into their core operations.
Through partnerships with global leaders, ekko ensures real-world impact by driving conservation and reforestation efforts. Oli pointed out ekko’s participation in events like the FINTECH Circle Tour as a testament to their dedication to sustainable finance.
Ben Mason, CEO of Kinherit, and Richard Thomson, Chairman of Kinherit, shared about how company has established itself as an impressive Wills & Trusts specialist. They’ve developed a fintech platform to address the complexities surrounding the transfer of a significant US$7 trillion of wealth annually upon death.
Kinherit’s innovative solution, Kinvault, is designed to prevent asset loss during inheritance. With a commitment to simplicity, Kinvault provides inheritors with convenient access to essential information, such as details & situational permissions.
Having undergone testing for over 5 years with over 3,000 users, Kinherit has earned the reputation of being the largest will-writer in UK, trusted by regulated financial advisers. Through a B2B2C approach, Kinherit aims to lead the global “deathtech” industry by partnering with financial institutions to offer banking-standard security and asset management solutions.
Savannah Price, CEO & Founder of Serene shared that the company is revolutionising the financial landscape with its real-time support for vulnerable customers. She unveiled Serene’s end-to-end digital solution, garnering interest and outlining a vision for a more empathetic financial system.
By utilising behavioural insights, Serene aims to identify and support vulnerable customers proactively, aiming to break the cycle of financial distress. Their vulnerability management platform provides predictive insights and personalised support, addressing the critical gap in vulnerability detection.
With Serene, each transaction becomes a narrative of empowerment, fostering positive change within the financial industry.
Robin Peter, Co-Founder and CEO of Snugg, addressed the challenge of decarbonising UK homes with a streamlined platform. Snugg’s innovative approach identifies, funds, and implements necessary improvements for the 11 million homes in need of energy upgrades. Their B2B2C model targets financial institutions, utility companies, and private customers, ensuring efficient access to a wide customer base.
Through simplification and emphasis on efficiency, Snugg empowers homeowners to save up to 2 tons of carbon annually, thereby creating a market for carbon credits. With its elegant solution, Snugg emerges as a key player in the journey towards efficient, sustainable homes, leading the way in the green revolution of residential living.
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