David Yakobovitch spoke to Ryan Conway, SVP, Head of Business Development & Strategic Partnerships at Oxygen about how Oxygen improves banking for SMEs.

Here is what they covered:

FinTech evolution

Fintech industry trends Predictions for fintechs and traditional bankingFinTech 1.0 - unbundlingFinTech 2.0 - rebundle multiple productsFinTech 3.0 (smart money/ AI)Crypto

SME banking

Now more than ever, the importance of banking for small businessesBanking for small businesses Oxygen recently announced a partnership with Fundera (Nerd Wallet) to help small businesses and self-employed people who were largely left out of the 1st PPP round

COVID-19 and banking

How COVID has changed bankingDigital banking is here to stay and traditional banks have to be prepared to handle all aspects of their business through digital channelsCOVID-19 has also been the biggest digital acquisition driver and many customers are finally embracing their digital tools, but fintechs have re-examined ways to drive every account process to be more efficient and user friendly

Brand equity

Creating and maintaining brand equity Ex: Robinhood/ GameStop stock situation

Oxygen's journey 

Oxygen’s milestonesSeries APeek of products- segmenting of cards, the elevation of the brand, additional features 

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