Americas Series with David Yakobovitch: How to master banking for your small businesses with Ryan Conway from Oxygen

<p><a href="https://www.linkedin.com/in/davidyakobovitch/">David Yakobovitch</a> spoke to <a href="https://www.linkedin.com/in/ryansconway/">Ryan Conway</a>, SVP, Head of Business Development &amp; Strategic Partnerships at <a href="https://oxygen.us/">Oxygen</a> about how Oxygen improves banking for SMEs.</p><p>Here is what they covered:</p><p><strong>FinTech evolution</strong></p><ul><li>Fintech industry trends <ul> <li>Predictions for fintechs and traditional banking</li> <li>FinTech 1.0 - unbundling</li> <li>FinTech 2.0 - rebundle multiple products</li> <li>FinTech 3.0 (smart money/ AI)</li> <li>Crypto</li> </ul> </li></ul><p><strong>SME banking</strong></p><ul><li>Now more than ever, the importance of banking for small businesses<ul> <li>Banking for small businesses </li> <li>Oxygen recently announced a partnership with <a href="https://www.fundera.com/">Fundera </a>(Nerd Wallet) to help small businesses and self-employed people who were largely left out of the 1st PPP round</li> </ul> </li></ul><p><strong>COVID-19 and banking</strong></p><ul><li>How COVID has changed banking<ul> <li>Digital banking is here to stay and traditional banks have to be prepared to handle all aspects of their business through digital channels</li> <li>COVID-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</li> </ul> </li></ul><p><strong>Brand equity</strong></p><ul><li>Creating and maintaining brand equity <ul><li>Ex: Robinhood/ GameStop stock situation</li></ul> </li></ul><p><strong>Oxygen's journey</strong> </p><ul><li>Oxygen’s milestones<ul> <li>Series A</li> <li>Peek of products- segmenting of cards, the elevation of the brand, additional features </li> </ul> </li></ul><p><strong>Best way to reach out</strong></p><p><br></p><p><br></p><p><br></p><p><br></p>