On 30th March our community came together for FTT Lending 3.0, where we explored the key trends, innovations and technologies that are powering the future of lending.
During the day, our Co-Founder and Chief Strategy Officer, Lisa Moyle, sat down with Julia McColl, Chief Product Officer at Chetwood Financial. The two discussed the key highlights across the day, Chetwood’s recent acquisition of core banking provider Yobota, and how the move will expand their BaaS capabilities.
Chetwood’s banking-as-a-service is all about understanding the end-customer’s needs and how to enable businesses to offer better customer experiences. This could be through embedding finance, but it’s also important to consider that lifelong relationship that banks have with customers and how to expand on that through technology, decisioning, the proposition design or the balance sheet.
Chetwood’s acquisition of Yobota has enabled them to offer a “pick-and-mix” approach to fintech’s and other banks. Prior to the recent move, Yobota had acted as Chetwood’s core banking platform from early on in Chetwood’s conception. Julia highlights how flexible the platform is and how this enabled Chetwood to innovate and create a range of products.
Listen to the full onsite interview below to hear more about the acquisition and how fintech’s and lenders are working together to improve their product offerings for the next generation of borrowers.
