480. Insights: Path to profitability: are fintech business models sustainable?

Episode 657 · November 20th, 2020 · 57 mins 52 secs

About this Episode

The path to profitability for many fintechs has not been an easy one. Much like disruptive technology and media companies, for the vast majority of challenger banks, their number one objective has been growth and building a loyal customer base, rather than prioritizing making a profit. However, as the UK plunges into the deepest recession on record, challenger banks are under renewed pressure from both inside and outside of the industry to start making a profit.

In today’s show, David Brear is joined by some great guests to explore the topic:

  • Adam Davis - Head of Delivery, 11:FS
  • Lianna Brinded - Head of Yahoo Finance UK
  • Alexandra Frean - Head of Corporate Affairs, Starling

Tune in for an exploration for why profit has evaded some banks, why it’s such a hot topic in the media and if the goal of profit is even necessary at this stage.


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Banking as a Service is deconstructing the banking stack.
It's enabling brands to embed finance more easily, and to tailor financial products to specific customer needs.
This is presenting new opportunities for specialised providers and offers banks extra revenue streams.
Download our report for a comprehensive, no BS view of what Banking as a Service is and what it means for the industry.

Head to bit.ly/bankingasaservice.

Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. Hosted by a rotation of 11:FS experts including David Brear, Simon Taylor, Jason Bates and Sarah Kocianski and joined by a range of brilliant guests, we cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking.

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