Kailee Costello

@WhartonFintech Podcast 🎙 | Hiking, climbing & board games enthusiast

[Wharton Fintech @whartonfintech]

Tune into @KaileeCostello_’s chat with @Adyen President North America, Davi Strazza, to hear about:
- Adyen’s value proposition
- Opportunities from obtaining bank licenses (loans, issuing, FedNow)
- Partnering with BILL and Plaid

https://t.co/4lOIFLfjk3

[Wharton Fintech @whartonfintech]

Tune into @KaileeCostello_’s chat with @Mastercard President & CTO Ed McLaughlin to hear about:
- How Quantum Computing and AI are impacting payments
- Partnering and co-creating products with fintechs
- The industry outlook for payments

https://t.co/bFn4SU2t5w

[Airwallex @airwallex]

On the latest @whartonfintech podcast, CEO @awxjack sits down with @KaileeCostello to talk about global growth, financial infrastructure, AI and more.

Give the episode a listen🎧

#fintech

[Kailee Costello @KaileeCostello_]

Exciting to host an Australian fintech on the podcast!

[Wharton Fintech @whartonfintech]

Tune into @KaileeCostello_’s chat with @airwallex CEO Jack Zhang to hear about:
🚀 Airwallex’s growth story
🌎 How Airwallex built their global money movement infrastructure
✨ AI opportunities
💸 The role of crypto

https://t.co/rzOD6yInu8

[Fintech Insider @FintechInsiders]

🚨 BONUS POD 🚨

@davidbrear sits down with @KaileeCostello_ from our friends over at @whartonfintech for a one-on-one chat about the current state of FS - covering everything from commercial banking to how financial ecosystems differ across the globe.

🎧 Tune in ⬇️

[David Haber @dhaber]

Had a great time chatting w/ @KaileeCostello_ on the @whartonfintech podcast! We covered a lot of ground including lessons as an entrepreneur, why we're spending time building bridges between fintech and traditional finance, and several investment theses https://t.co/gD1RDcKMGy

[Simon Taylor @sytaylor]

Rumors of Fintech's demise were over stated. Wise reports 234% jump in pre-tax profits YoY. Here's my take 👇

Revenue at Wise is up 51% in the full-year, and including interest, it's up 73%. The customer base continues to increase c. 30% YoY, and the interim CEO remarked that higher interest rates have benefitted the company. Wise announced it has integrated directly with Canada's Interac, Australia's New Payment Platform (NPP) and SWIFT.

🧠 Interest rates benefit Fintech, not banks. Interest rate "normalization" was supposed to make life easy for banks and crush risk assets like Fintech. The opposite has happened. Bank profits are up but they're losing deposits and market share. Wise is gaining deposits, market share and growing profitability. The interest rate rise is the icing on the cake, making those deposits more profitable.

🧠 Rumors of Fintech's demise were overstated. Banks still trade 70% below book value. Wise is trading at 7x revenue and delivering "rule of 40" growth (revenue growth + EBITDA growth = 40%)

🧠 What's their secret? Wise operates a single global treasury platform. Investors do not get this. Banks might operate in 70 markets but have 70 mainframes and 70x the operating cost. Wise now has better payment connectivity than many tier-1 "money center" banks and operates at a much lower unit cost. With just 800 engineers, Wise has a cutting-edge platform that can use Machine Learning without a McKinsey consultant in sight.

🧠 Market share erosion. Every bank CEO will quietly admit that Wise and Revolut have taken most of their consumer and SMB FX business.

🧠 Is there some regulatory arbitrage going around banks for FX? It is true that going around banks and connecting directly to local payment systems does create some risk. The receiving banks and wallets, say ACH, aren't screening for cross-border payment risk. I've heard global tier 1 banks complaining to regulators about this issue. It is real, but its an issue of outdated local payment systems and banks not doing DD. We can't lay that at the door of Fintech companies.

[Kailee Costello @KaileeCostello_]

Thank you @dhaber for joining me on the podcast! Tune in to hear about David's learnings from his previous role as CEO/founder at Bond Street and how this has shaped his investing approach today.

[Wharton Fintech @whartonfintech]

David Haber (@dhaber), General Partner at @a16z has seen fintech through the lens of an operator, entrepreneur & investor. @KaileeCostello_ sits down with him to chat about his investing theses and much more!
https://t.co/h94XQnqfZ1

[Wharton Fintech @whartonfintech]

Tune into @KaileeCostello_’s chat with @Narmi_Tech Co-Founder Nikhil Lakhanpal to hear about how Narmi’s API-driven platform layers on top of existing bank infrastructure to give financial institutions access to best-in-class digital banking functionality

https://t.co/hzhxYWp9IW

[Wharton Fintech @whartonfintech]

Tune into @KaileeCostello_’s chat with @DailyPay COO Stacy Greiner to hear about DailyPay’s mission to make Earned Wage Access available to more workers, and why Stacy is a strong proponent of “earned” not “early” wage access.

https://t.co/HqyP3tqmxq

[Wharton Fintech @whartonfintech]

In today’s episode, @KaileeCostello_ hosts @oakhcft General Partner @mattstreisfeld. Tune in to hear Matt’s perspectives on the M&A environment for fintechs, AI/ML, digital assets and more!

Spotify: https://t.co/Es4paKS2mj
Apple Podcasts: https://t.co/LTcZA4w0CD

[Wharton Fintech @whartonfintech]

In today’s episode, @KaileeCostello_ hosts @Wise CTO, Harsh Sinha and Head of Wise Platform, Steve Naudé. They discuss how Wise is helping partners embed best-in-class cross border payments experiences.

Spotify: https://t.co/7BWBASRk1b
Apple: https://t.co/voQNXKdAV7

[Kailee Costello @KaileeCostello_]

Had a great chat with Annie at @Upstart for the @whartonfintech podcast - tune in to hear about how they’re expanding access to affordable credit!

[Wharton Fintech @whartonfintech]

In today’s episode, @KaileeCostello_ hosts Annie Delgado, Chief Risk Officer at @Upstart. They discuss Upstart’s ML models and how AI can solve systematic bias.

Spotify: https://t.co/ncgDOJsx43
Soundcloud: https://t.co/blxWFGLE5S
Apple Podcasts: https://t.co/y5Yu3xonjg

[Wharton Fintech @whartonfintech]

In this article, @KaileeCostello_ chats to @tactycHQ about
best practices for fund modeling and why maintaining an active forecast is important for responding to market shifts and deal terms as well as for optimizing follow-on returns.

https://t.co/GtcI6yAK1g

[Wharton Fintech @whartonfintech]

In today's episode, @josh_benadiva @KaileeCostello_ and @tg_tarang sit down to discuss the 2023 Wharton Fintech Conference.

Tune in at
Soundcloud: https://t.co/baBNrz8CCd
Spotify: https://t.co/RgXq0MX0s6
Apple Podcasts: https://t.co/xnnh4chypr

Visit https://t.co/uHrqJwkPJR

[Nik @NikMilanovic]

*instant payments transition intensifies*

@Visa this week launched an interoperability standard for instant digital wallet-to-wallet transactions, and @Plaid launched 24/7/365 real-time payments capability between bank accounts.

More at @twifintech:

https://t.co/QaNsb4c6m1

[Rex Salisbury @rexsalisbury]

Visa is getting in P2P w/ a network of networks!

To start, users of PayPal or Venmo will be able to send money to anyone on either network.

Others committed to participate are:
Western Union, TabaPay, i2C and DailyPay

https://t.co/h71URBInKP

[Kailee Costello @KaileeCostello_]

Had fun recording this episode with Jesse Greif of OneChronos in-studio in NYC! Tune in to hear how they're applying Nobel prize-winning auction techniques to electronic trading

Soundcloud: https://t.co/vr2o3fvVAA
Spotify: https://t.co/hTSWDEs5Ed
Apple: https://t.co/4egJy79wF9

[Wharton Fintech @whartonfintech]

Today, @KaileeCostello_ hosts Jesse Greif, COO of OneChronos. They discuss how OneChronos uses optimization in electronic trading to solve for quality, not just speed.

Soundcloud: https://t.co/tHch5kHIe3
Spotify: https://t.co/65xbneWdqH
Apple Podcasts: https://t.co/CsdnPDJOi1

[Pinwheel @PinwheelAPI]

ICYMI: @kurtisjlin stopped by the @whartonfintech pod to discuss:
🤔Why the former deputy director of the CFPB @rajdate joined as an advisor
🌟Our North Star Metric
💰The next generation of #IncomeData use cases
& much more! #fintech #banking
👉 https://t.co/jkC4t8pupf

[Kailee Costello @KaileeCostello_]

Enjoyed chatting with @kurtisjlin about how leveraging payroll data creates a fairer financial system and leads to better financial outcomes for consumers

[Wharton Fintech @whartonfintech]

@KaileeCostello_ hosts @kurtisjlin, Co-Founder & CEO of @PinwheelAPI. They discuss the need for a fairer credit system and enabling earned-wage access the right way.

Tune in at:
Soundcloud: https://t.co/eDarrPVyOP
Spotify: https://t.co/BaMOHWZBvJ
Apple: https://t.co/N1SOhu433W