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74. The Unending Evolution of Banking and Finance with Ned Lowe

74. The Unending Evolution of Banking and Finance with Ned Lowe

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Key takeaways

  1. Legacy technology is not as bad as it seems in the banking sector and unfortunately, it tends to be viewed with an elitist mindset.
  2. Relatively simple technologies are often underestimated, but they can be very powerful.

On this episode of WealthTech Unwrapped, we have a double Ned feature where Ned speaks with Ned Lowe, Co-founder and CTO of Mission+. They discuss technologies that exist in banking and finance and how it has evolved over the years to what it is today.

While there is legacy technology in banking, especially more in retail than in investment banking, he highlights that simple technologies can be underestimated and tends not to be utilized as common practices in Fintech. He also mentions that while there are always younger teams building newer technologies in the sector, it is important to remember that it is not just about building the coolest technology. It’s about ensuring adoption, integration, and harmonization across the ecosystem, and these are human skills, not technical skills.

Meet Our Guest Speaker

Ned Lowe

Mission Plus

After spending the last two decades building the technology capabilities for global and Southeast Asian insurtechs and fintechs, Ned Lowe is now the Co-founder and CTO of Mission Plus. He was previously the Head of Engineering at Singlife with Aviva, where he oversaw the direction and strategy for Singlife's application tech stack.

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