Launching a Unicorn Business and Disrupting Traditional Markets with Purpose | Group CPO and Group Chief Risk & Compliance Officer Frankie Woodhead and Stephen Bell @ The Bank of London
In this episode, Livvie Holt sits down with Stephen Bell, Group Chief Risk and Compliance Officer, and Frankie Woodhead, Group Chief Product Officer, from the Bank of London. A unicorn status attained at time of launch, and second clearing bank to launch in the UK in 250 years; The business has taken the fintech sector by storm, landing into the top 10 of the nation’s most valuable FinTechs in 2021 – trailblazing since. The Bank of London is different. They don’t lend, invest, or leverage your deposits like other banks do, so they're not impacted by traditional ‘bank-runs’. They simply hold all deposits in full and unencumbered at the Bank of England, always keeping them fully available upon demand - 'safer banking for business Britain, the way it should be.'We delve into the bank's unique vision and strategy that disrupts traditional banking by focusing solely on payment settlement, clearing, and agency banking without lending or investing. Stephen and Frankie share insights into the challenges and triumphs of launching and growing a startup in the highly regulated banking sector. They highlight the importance of inclusivity being a the heart of the business, resilience, and a customer-centric approach in driving their success. Tune in to hear about their journeys, the innovative solutions they bring to the table, and their advice for other disruptors in the industry. Whether you're a startup enthusiast or a banking professional, this episode offers valuable lessons on navigating and succeeding in disrupting a traditional market, with purpose.Follow The Start-Up Diaries Podcast on LinkedIn, Instagram, or find more free content from the Tech Recruitment Specialists powering The Start-Up Diaries - Burns Sheehan.
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