EPISODE · Mar 17, 2025 · 35 MIN
The Journey of Building a Bank & a Fintech, with Steve Britain
from The HiveMind Interviews: Sharing the secrets of successful Fintechs · host jamesbarkert
What does it really take to build a bank from the ground up? In this episode of The HiveMind Podcast, I sit down with Steve Britain, co-founder of Monument Bank and CEO of Monument Technology, to discuss scaling fintech, regulatory hurdles, and the future of banking technology. From securing a banking license to navigating fundraising and launching a new tech company, Steve shares invaluable lessons on resilience, product-market fit, and the hidden challenges of selling into financial institutions. If you’re a fintech founder, investor, or banking innovator, this episode is packed with insights you can’t afford to miss! ⏳ Time Chapters 00:00 Intro – Welcome to The HiveMind Podcast! 01:40 The Monument Bank Journey: How It All Started 02:42 Scaling Monument: £1B to £5B in Assets Under Management 03:19 The Banking License Process: What Founders Need to Know 05:20 Fundraising & Regulatory Challenges: The Hidden Risks 07:36 Surviving in Fintech: Why Endurance Matters More Than Innovation 09:35 The Role of COVID in Remote Banking & Technology Development 12:58 Attestation & Regulatory Burdens for New Banks 14:33 How Vendors Sell to New Banks: The Reality of Long Sales Cycles 16:33 Fintech Innovation: Has Regulation Slowed It Down? 19:37 How Interest Rate Changes Impact New Banks & Their Growth 22:06 Why Some Neobanks Fail While Others Thrive 24:39 The Birth of Monument Technology: A New Opportunity 26:00 Legacy Banking vs. Modern Cloud Solutions: The Market Gap 30:47 The Realities of Selling Tech to Banks: What Founders Need to Know 33:03 Steve’s Advice to Founders: How to Succeed in Fintech 34:57 Outro & Final Thoughts
What this episode covers
What does it really take to build a bank from the ground up? In this episode of The HiveMind Podcast, I sit down with Steve Britain, co-founder of Monument Bank and CEO of Monument Technology, to discuss scaling fintech, regulatory hurdles, and the future of banking technology. From securing a banking license to navigating fundraising and launching a new tech company, Steve shares invaluable lessons on resilience, product-market fit, and the hidden challenges of selling into financial institutions. If you’re a fintech founder, investor, or banking innovator, this episode is packed with insights you can’t afford to miss! ⏳ Time Chapters 00:00 Intro – Welcome to The HiveMind Podcast! 01:40 The Monument Bank Journey: How It All Started 02:42 Scaling Monument: £1B to £5B in Assets Under Management 03:19 The Banking License Process: What Founders Need to Know 05:20 Fundraising & Regulatory Challenges: The Hidden Risks 07:36 Surviving in Fintech: Why Endurance Matters More Than Innovation 09:35 The Role of COVID in Remote Banking & Technology Development 12:58 Attestation & Regulatory Burdens for New Banks 14:33 How Vendors Sell to New Banks: The Reality of Long Sales Cycles 16:33 Fintech Innovation: Has Regulation Slowed It Down? 19:37 How Interest Rate Changes Impact New Banks & Their Growth 22:06 Why Some Neobanks Fail While Others Thrive 24:39 The Birth of Monument Technology: A New Opportunity 26:00 Legacy Banking vs. Modern Cloud Solutions: The Market Gap 30:47 The Realities of Selling Tech to Banks: What Founders Need to Know 33:03 Steve’s Advice to Founders: How to Succeed in Fintech 34:57 Outro & Final Thoughts
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The Journey of Building a Bank & a Fintech, with Steve Britain
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