Challenger banking is just getting started – Bianca Zwart, Bunq

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UKTN

Technology, Entrepreneur, Tech, Business, Hr, Sales, Uktech, Investing, Funding, Entrepreneurship, Marketing

5 • 6 Ratings

🗓️ 17 December 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bianca Zwart, chief strategy officer at Bunq, discusses the massive issue of fraud, how Brexit has affected the company's UK operations and the exciting future of the banking sector.

Bunq is a challenger bank founded in 2012. Zwart joined the firm in 2016 and worked across a handful of roles before leaving to become an entrepreneur. After founding a few companies, Zwart found herself returning to Bunq to work as its chief of staff and then its chief strategy officer. Headquartered in Amsterdam, Bunq for years operated in the UK before Brexit forced it to stop onboarding British users, though it is seeking a return.

Transcript

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0:00.0	Fraud is a massive issue and it is everywhere at neo-banks, traditional banks, but also beyond banking, right?
0:18.7	I see a misconception about moving fast and breaking things.
0:21.6	Like, oh, I'm going to move fast and break things.
0:24.6	Now we have a broken system.
0:26.6	But the actual essence of moving fast, breaking things, is also being able to adapt and fixing them quickly.
0:33.6	Brexit is the main reason that we are no longer in the UK.
0:38.1	We still have users in the UK that signed up before that period.
0:41.9	However, we cannot open any new accounts for British people at this moment.
0:50.7	From the first time founders to the funds that back them, innovation needs different.
0:56.0	Our episode partner, HSBC Innovation Banking, is proud to accelerate growth for tech and life science businesses,
1:03.0	creating meaningful connections and opening up a world of opportunity for entrepreneurs and investors alike.
1:10.0	Discover more at www.
1:12.2	www. hsbc Innovationbanking.com slash en dashGB.
1:21.2	Hello and welcome to the UKTM podcast, a weekly chat with the movers and shakers of the UK tech industry
1:29.0	and the destination for all things UK tech related. And today I am joined by Bianca Swartz, Chief
1:35.7	Strategy Officer at Bunk's, a Dutch neobank headquartered in Amsterdam. Welcome, Bianca. Thank you so much
1:42.3	for having me. Now, Bunk has been a big success, first NeoBank in Europe to make a profit, which is always
1:49.0	a good thing, right?
1:51.0	What do you put that down to?
1:52.0	What's the sort of secret source?
1:54.0	I think it all comes down to how we started.
1:57.0	We've had a bit of a different trajectory than other place in the market.
	...

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