Episode 10 – Lending Loop, Mylo, Wave [Podcast]

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This is the first part of a 3 part series called The SIBOS interviews. This episode features 3 Canadian FinTech companies: Lending Loop, Mylo, Wave.

What is SIBOS?

SIBOS stands for Swift International Banking Operations Seminar, which sounds really really boring, but it has become much more than a seminar about banking operations.

Every year since 1978, the SIBOS conference has been held in a different city around the world. Today, over 8,000 people from around the world attend SIBOS, with the highest attendance to date being 9,600 in Amsterdam in 2010.

This year, the SIBOS conference was to be held in Toronto, so I applied for a press pass – and I got it. The delegate pass would have cost me 3,200 Euro.  So let’s just say the only way I could attend such a prestigious event would be with press credentials.

The SWIFT organization is responsible for the SIBOS conference. SWIFT is another acronym, that stands for the Society for Worldwide Interbank Financial Telecommunication.

For many years, SWIFT has been the only way to send money from a bank in one country to a completely different bank in another country.

The conference is not just about the world’s banks getting together, but also about innovation and technology. To quote the SIBOS website:

“The preeminent annual conference and exhibition connects more than 8,000 executives, decision makers and thought-leaders from financial institutions, market infrastructures, multinational corporations and technology partners. Sibos facilitates debate, networking and business collaboration that collectively shapes the future of payments, securities, cash management and trade.”

THE SIBOS INTERVIEWS – PART 1 – LENDING LOOP, MYLO, WAVE

As I mentioned, The SIBOS Interviews is in 3 parts and this is part 1 with Lending Loop, Mylo, Wave.

• Part 1 of the series gives you a quick introduction to 3 fintech companies that were part of the Canadian Fintech Corner: Lending Loop, Mylo, and Wave.
• Part 2 is my Canadian fintech showcase where I interview Chad Sichello, Co-Founder of Dojo.
• Part 3 is an interview that could have only happened at SIBOS. Part three is the East African episode where I interview a group of amazing fintech leaders from Uganda, and we discuss the state of banking in East Africa.

I originally interviewed the co-founders of Lending Loop for Episode 2 of The Personal Finance Show so when I saw that they were setup at SIBOS in the Canadian Fintech corner, I knew that I wanted to include them in Episode 1 of The SIBOS Interviews.

Mylo is a smartphone app that is fairly new and currently only available on the iOS app store but they are working on an Android beta so stay tuned for that.

Wave has been around since 2010. But they are recently new to me and they may be new to you, despite the fact that they currently have 2.8M customers worldwide.

Listen on Soundcloud, iTunes and Google Play

Thanks to Cato Pastoll from Lending Loop, Liam Cheung from Mylo and Rob Maurin from Wave for taking the time to chat with me.

NEXT EPISODE

Next time on the Personal finance show I have Chad Sichello from Dojo for part 2 of The SIBOS Interviews.

If you enjoyed this episode of The Personal Finance Show, please listen to the previous episodes and subscribe to the podcast. I would love to hear from you, good or bad, but hopefully good, so please if you have anything to tell me, email me at beau@investwisely.ca.