839. Insights: Can any government build a fintech hub?

Our expert host, Benjamin Ensor, is joined by some great guests to talk about fintech hubs and how difficult or otherwise it is to create them globally, and we will hone in on the importance of government and regulator support to achieve this. Around the world, whether it’s in Canada lobbying for open banking, or Saudi Arabia’s Vision 2030 programme, harnessing the combined power of a whole sector and community can achieve extraordinary results, and the same can be said for fintech hubs. So we are going to discuss the benefits of a fintech hub, how hubs can be created, and the challenges of doing so. Plus, we look at the importance of maintaining a strong relationship between government and industry, and why fintech hubs can be the driving force behind this. This week's guests include: Lord Chris Holmes of Richmond Pat Patel, Executive Director at Elevandi Miranda Perumal, Founder & CEO at Scale Highlights from this episode include: When is a fintech hub a fintech hub? (06:58) Why is there a need to gravitate towards physical locations? (14:55) Can fintech hubs succeed without active support from government and regulators? (24:28) How to put the right regulations in place? (28:00) Which countries in Africa doing some great things to encourage fintech? (32:22) Where in the world would you start a fintech, and why? (47:16) --------------------------------------- Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services.  Our expert hosts, with real industry experience, are joined by the biggest decision-makers, VCs, and reporters from across financial services including guests from Visa, Nubank, M-Pesa, Starling, and JP Morgan Chase to discuss the latest news, developments, and trends within the industry. Our weekly news show drops every Monday and tackles the biggest news stories, from acquisitions and launches, to regulatory changes and innovation. Then, every Friday our Insights show dives deeper into the hottest topics shaping the industry like web3 and BNPL. Whether you’re already immersed in the world of financial services, or just keen to learn more, this is the #1 podcast for you. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email [email protected]! Learn more about your ad choices. Visit megaphone.fm/adchoices