“The Banker” interview with Mintos CEO Martins Sulte: the fintech perspectives

15.05.2020

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In February 2020, Mintos CEO Martins Sulte had an interview in the series “Tech Talk” with The Financial Times’ international financial affairs publication “The Banker”. The London interview was hosted by Joy Macknight, Managing Editor at “The Banker”. Recorded before the COVID-19 pandemic, the video interview was featured on the magazine’s website in May 2020. 

Every company can become a fintech company, we see more and more banking as a service* (BaaS) popping up. When it comes to alternative investments or investments as such: new and older players are competing for the next generation of investors. They (the new generation of investors) require different tools and they want to have a different experience from the older generation of investors,” said Martins Sulte when talking about the general trends and developments in the alternative lending space. 

Sulte also talked about the way new technologies enable a more diverse investor community. He said that technology helps by giving more access to different kinds of asset classes to more investors. New investors prefer to have hands-off experience in the fast-paced lives we lead, that’s where the trend of passive income comes in and the technology is the driving force behind that, added Sulte.

This interview was conducted before the COVID-19 pandemic started changing the landscape of many industries, including fintech. We took another look at this interview with “The Banker” with the current situation in mind, Martins Sulte said: Fintech industry bloomed right after the bank-driven financial crisis in 2008, precisely because of its innovative approach to people’s needs. New players reimagined traditional financial products and introduced more agility with new and disruptive technologies. I’m optimistic that leanness with which fintech businesses adapt to the new conditions will help many of them not only to survive, but to get out of the crisis transformed, and more experienced, said Sulte.

As the company is navigating through the current crisis adjusted to new conditions, Mintos will continue providing a sustainable environment for investors looking to earn their passive income by investing in loans, while providing additional sources of funding for international fintech and alternative lending companies.

Watch the whole interview here

About the media:

“The Banker”, first published in January 1926, is a monthly international financial affairs publication owned by The Financial Times Ltd. and edited in London, United Kingdom. It provides economic and financial intelligence for the world’s financial sector and has built a reputation for objective and incisive reporting. The magazine “has navigated its way through over 90 years of banking coverage from the Wall Street Crash of 1929 to the financial crisis of 2008 with the same reputation for accuracy, authority and integrity”.


*Banking-as-a-Service (or BaaS) providers are an intermediary between banks and fintech, offering financial services to end-users with an infrastructure built on APIs. As an ecosystem with a variety of industry leaders, BaaS continues to develop bank offerings, widening the spectrum of functionalities and constantly raising the bar for financial services users’ expectations.

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