#08 Hungarian banking opening with Monika Nemeth (Fintech Zone)

Banking on Air

In this episode of Banking in Air, we speak with Monika Nemeth about her transition from the telco sector into finance and payments. The fintech and banking sector is going through a massive opening and renaissance due to open banking regulation like PSD2 and instant payment schemes. This is going to transform business processes and bring completely new players into the market. Monika talks about her experiences in the telco industry and how she now uses it to help fintechs and banks succeed in this new world.

Here is a rundown of the episode, if you want to jump ahead:

• 01:00 Introduction and background in the telco industry
  
• 3:33 Transmitting from telco to payments industry and fntech
  
• 5:45 Fintech is going through the same liberalization telco did a decade ago
  
• 7:20 Instant payments and 5-seconds transfer rule in Hungarian market
  
• 12:15 How instant payments and open banking will transform SME business
  
• 14:30 Growth of Hungarian Fintech scene
  
• 17:40 Tips for fintechs which want to work with corporates
  
• 22:00 Projects Monika is really proud of creating
  
• 27:15 What Monika would put on a billboard in her hometown
  

Useful links from episode:

• Monika on Linkedin
  
• FinTech Group website
  

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After working at Magyar Telekom where she was responsible for regulatory issues and managed several business development projects for 20 years, Monika Nemeth joined the Ministry of Development for a short period of time. At the Ministry she created the development strategy of the telecommunication sector in cooperation with the market players. In 2015, she moved to fintech and co-founded FinTech Group, where she is focusing more on the new regulatory topics in fintech and also on organizing FinTechShow and PayTechShow.

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War stories episodes in Banking in Air explores the lives and journeys of founders and technology leaders as they work to overcome challenges while building products in an ever-changing world. Hosted by Marcel Klimo of Vacuumlabs.