Ever thought of sending someone an email, only to learn that
they received it three days later? Sounds funny, right?
Well, if simple data can be transferred within seconds, then why does electronic money transfer take five or seven ‘business’ days to transfer from one bank account to another? Electronic money transfers mean information traveling over wires, but even the biggest names in the US banking industry take days to make the transfer happen.
This week we go back and present this memorable episode by NPR’s Planet Money that airs a great podcast on the same problem. Their episode 489 “The Invisible Plumbing Of Our Economy” talks about why the American banking system is so slow and why is the British banking system much faster.
Payments Canada is Canada’s largest payment system. As taken from their website , this is what they do:
Canada’s national payments systems. Our Large Value System lets financial institutions and their customers send large payments securely, and our Retail System is where the vast majority of day-to-day Canadian commerce is cleared by our financial institutions. The value of payments cleared by Payments Canada’s systems in 2017 was approximately $50 trillion or $200 billion every business day. These encompass a wide range of payments made by Canadians and businesses involving inter-bank transactions, including those made with debit cards, pre-authorized debits, direct deposits, bill payments, wire payments and cheques.
This is a brand new podcast is called The PayPod, and it would be interesting to see if they will maintain their streak and keep going or not. At the time of publishing of this post, the three podcast episodes that they have put up, are pretty decent.
Wishing them lots of luck and welcome to the fintech podcast club.
Podcasts are great to gain accelerated learning and keep up with industry while driving your car or working out in the gym, etc. Here is a curated list of the best fintech podcasts in the in the industry. In no particular order.
Brief:An award-winning fintech podcast, Around The Coin is all about payments. The show’s mission is to help entrepreneurs to build and grow their business in the payment industry. Staying in line with the mission, Around the Coin has recently launched two new series; Behind the Coin and Money on the Move. While the latter talks all about money transfers and payment around the world, Behind the Coin is a show dedicated to the crypto world.
Why You Should Listen To It: Started a little over 3 years ago, this podcast is a great all rounder podcast for all perspective, US, and Rest of the World. The trio makes a great listen. Season 4 start in September 2018.
Hosts: Faisal Khan, Mike Townsend, Brian Roemmele, Nako Mbelle and Malini Kannan.
Brief: Breaking Banks is the number 1 global fintech podcast. The show discusses the changes that take place in the banking industry. Be it changes in consumer behavior, technological advancements or an increase in government scrutiny – the show talks about all changes that have an impact on the banking industry, and how the money and finance world will see more changes in the next 10 years as compared to the previous 100 years.
Why You Should Listen To It: Because of Brett King. This award-winning author, futurist, pilot, podcast host, entrepreneur and a great person over-all has an amazing overview of the industry and the guests on his shoes are worth tuning into.
Brief: Planet Money talks about all forces that move the economy. Launched during the 2008 financial crisis, Planet Money helps its listeners to stay updated regarding the fiscal world. The podcast has won a number of awards including Peabody and Edward R. Murrow Award in 2017 for their investigation regarding Wells Fargo’s retaliation against whistleblowers. In the same year, 2017, Planet Money launched a new series known as The Indicator. A shorter and more frequent version of Planet Money’s podcast, it helps its listeners stay updated regarding the recent news and ideas behind it.
Why You Should Listen To It: This has got to be the epitome of money, banking, payment,s fintech and all things economics. The show that has been running successfully for over a decade. Undoubtedly one of the best shows produced on the internet.
Hosts: Robert Smith, Cardiff Garcia, Stacey Vanek Smith, Jacob Goldstein, Ailsa Chang, Noel King and Kenny Malone
Brief: Payments on Fire is a podcast from Glenbrook Partners on the latest developments in the payments space. Featuring interviews with fintech business and opinion leaders, the podcast also includes Glenbrook’s own take on emerging technologies and industry trends, news and views on this dynamic space.
Why You Should Listen To It: Produced by the team at Gleenbrook Partners, otherwise casually known as the oracle of payments, their insights (albeit US concentric) are worth listening to. They offer a season approach to all things payments.
Hosts: Scott Loftesness, Terence Spies, George Peabody, Elizabeth McQuerry
Brief: The host John Siracusa covers the most important topics in fintech and banking right now. Every week John asks the toughest questions and has in-depth conversations with his guests. Some of these topics include fintech/bank partnerships and AI to Blockchain.
Why You Should Listen To It: John’s been doing his podcast steadily since over 3 years now. Very good depth and absolutely great listening material.
Brief: The Fintech Impact Podcast is an exploration of the fintech world, where we interview fintech entrepreneurs about their stories, what they do, and what their impact is on consumers, incumbents, and the industry is as a whole.
Why You Should Listen To It: Very recent entrant, but the one show that has substance and is not fluff. The great thing about this series is they are always focused on the ‘impact’ of the issues they discuss.
Brief: Fintech, banking and financial services – this is what Fintech Insider is all about! The latest trends and developments in the industry are discussed weekly by the hosts along with a new guest. Fintech Insider Insights is a dedicated podcast that talks about APIs, AI, digital banking and everything else that is disrupting the industry. On the other hand, Fintech Insider Interviews brings one-on-one in-depth interviews with the innovators and thought leaders of financial services.
Why You Should Listen To It: The mother of all shows created by David Brear and his partners, including Chris Skinner. Great show with a very diversified view.
Hosts: David Brear, Jason Bates, Simon Taylor, Chris Skinner and Sam Maule.
Brief: The Wharton FinTech Podcast is a student-led initiative. While focusing on the unique perspectives of founders, investors, students and thinkers from the world of FinTech, the podcast presents the trends, topics and ideas that shape financial services.
Why You Should Listen To It: The only podcast that comes out of a university, the Waharton Fintech series is one worth listening to.