Deciphered: The Fintech Podcast

Hosted by Bain & Company

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Nov 2025

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About the show

Deciphered is a fintech podcast brought to you by Bain & Company. Each episode brings insight and analysis on specific industry topics, dissected with data with help from fantastic guests. We're deciphering the financial services world in a way that is digestible, to help add context to your day to day industry conversations.

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31 recent

November 24, 202536 min

From Assistants to Agents: The Future of AI in Financial Services

In this episode of Deciphered, Jeff Tijssen, partner and global head of Fintech, Bain & Company and Mike Cashman, partner, Bain & Company are joined by Mike Edmonds, VP of Agentic Commerce, Commercial Growth, PayPal and Pahal Patangia, Head of Payments Strategy, NVIDIA to discuss the future of AI in financial services. Timestamps: 00:00 Introduction 04:50 Personalization and friction reduction through agentic AI 05:13 Supercharging workflows in financial services with AI 06:19 Distinction between traditional, generative, and agentic AI 09:24 Shift from reactive to predictive banking with AI 13:46 Current adoption curve of agentic AI in finance 15:01 Promising use cases of agentic AI in commerce 17:27 Autonomous agents and redefining customer engagement 21:45 Barriers to adopting AI at scale in organizations 26:38 Building and maintaining trust in AI-driven decisions Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show! You can find Jeff Tijssen here You can find Mike Cashman here You can find Mike Edmonds here You can find Pahal Patangia here For more insights from the Deciphered podcast, visit the page on Bain’s website

August 19, 202540 min

Fund Administration: AI’s Growing Impact on Fund Services

In this episode of Deciphered, Mike Cashman, partner, Bain & Company is joined by Alex Robinson, CEO, Juniper Square to discuss AI’s growing impact on fund services. Timestamps: 03:52 Digital interfaces for investor experience in private markets 13:54 Automation in repetitive fund administration tasks 18:58 Probabilistic vs deterministic models in AI applications 27:19 Future industry structure of fund administration services 34:20 Passporting KYC identities across funds and platforms 39:04 Protocol-based solutions for universal KYC in private markets 39:32 How to learn more about Juniper Square's innovations Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show! You can find Mike Cashman here You can find Alex Robinson here For more insights from the Deciphered podcast, visit the page on Bain’s website

July 22, 202546 min

Stablecoins: State of the Union 2025

In this episode of Deciphered, Mike Cashman, partner, Bain & Company is joined by Ricardo Correia, partner, Bain & Company, Dante Disparte, CSO and Head of Global Policy and Operations, Circle, Jane McEvoy, SVP Fintech, BVNK and Cindy Turner, Chief Product Officer, WorldPay to discuss the state of stablecoins in 2025. Timestamps: 03:22 Stablecoin infrastructure providers and enterprise integration 04:53 WorldPay's stablecoin payout solutions for marketplaces 06:11 Stablecoins disrupting traditional cross-border payments 10:00 Singleness of money and stablecoin interoperability 14:40 Elasticity of money and stablecoin reserves 17:41 Productization of stablecoins in payouts and escrow 27:03 Regulatory harmonization for stablecoins across jurisdictions 31:27 Future use cases of stablecoins beyond cross-border payments Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show! You can find Mike Cashman here You can find Ricardo Correia here You can find Dante Disparte here You can find Jane McEvoy here You can find Cindy Turner here For more insights from the Deciphered podcast, visit the page on Bain’s website

July 2, 202534 min

What’s Next for Fintech: AI, IPOs and Stablecoins

In this episode of Deciphered, Jeff Tijssen, partner and global head of Fintech, Bain & Company is joined by Georgios Kolovos, EMEA Payments & Fintech Leader, NVIDIA and Phoebe Wallis, Chief Revenue Officer, Griffin to discuss what’s next for Fintech. Timestamps: 5:51 What's next for Fintech? 8:50 Evolution of Fintech landscape post-funding boom 11:26 Emerging trends: AI, stablecoins, and data challenges 16:17 Nvidia's work with FS firms on AI efforts 20:20 Practical AI applications in fraud and risk mitigation 24:04 Outlook for Fintech IPOs and market sentiment 27:45 Future of Fintech: Personalization and vertical payments Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show! You can find Jeff Tijssen here You can find Georgios Kolovos here You can find Phoebe Wallis here For more insights from the Deciphered podcast, visit the page on Bain’s website

December 18, 202451 min

Looking Ahead: What Are the Top Trends for Fintech in 2025

In this episode of Deciphered, Adam Davis, expert associate partner at Bain & Company and Jeff Tijssen, partner and global head of Fintech, Bain & Company are joined by an all-Bain lineup, Karim Ahmad, expert partner, Mike Smith, expert partner, and Tevia Segovia, partner to discuss what will be the top Fintech trends of 2025. Timestamps: 03:13 Looking Ahead: What Are the Top Trends for Fintech in 2025 09:42 Has a stable environment materialised over the last year? 14:19 Fintech investment 15:46 Impact of the election on private markets 18:28 What excites you in the FS ecosystem in 2025? 20:47 What's caught your eye in the world of payments? 24:05 PSD regulations 27:11 Stripe & becoming processor agnostic 29:39 How will stablecoins affect the market in 2025? 31:18 Is Klarna's IPO valuation vindication for the BNPL model? 33:17 How will the election affect fintech & FS endeavours going into 2025? 34:49 Pre-election crypto promises 38:32 Growth in valuations for tier 1 players 42:26 AI use case break throughs 44:32 How can digital banks stand out to investors in 2025? 47:43 FS predictions for 2025 Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show! You can find Adam Davis here You can find Jeff Tijssen here You can find Mike Smith here You can find Tevia Segovia here You can find Karim Ahmad here For more insights from the Deciphered podcast, visit the page on Bain’s website

December 3, 202437 min

Navigating the Waves: Exploring Fintech Investment Trends in Asia

In this episode of Deciphered, Jeff Tijssen, partner and global head of Fintech, Bain & Company, is joined by Kelvin Tan, chief executive officer, Audax and Rishi Sethi, head of Fintech, Torch Partners to discuss Fintech investment trends in Asia. Timestamps: 03:30 Why is Asia such an exciting Fintech market? 07:13 Upcoming Fintech trends 11:57 What does the current Fintech investment landscape look like in Asia? 17:18 How has the Fintech ecosystem in Asia evolved in recent years? 20:50 What challenges do Asian Fintechs face looking to expand across the region? 24:24 How will the Asian FinTech landscape evolve over the next 2-3 years? 27:08 How can the region attract more investments? 29:32 How can the government create an environment for Fintechs to thrive? 33:23 Advice for aspiring entrepreneurs building in Asia Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show! You can find Jeff Tijssen here You can find Kelvin Tan here You can find Rishi Sethi here For more insights from the Deciphered podcast, visit the page on Bain’s website

November 19, 202436 min

From Turbulence to Triumph: Are We About to Witness the Great Fintech Rebound?

In this episode of Deciphered, host Jeff Tijssen, partner and global head of Fintech, Bain & Company, is joined by Mike Cashman, partner at Bain & Company, Nik Milanović, founder of This Week in Fintech and general partner at The Fintech Fund and Clara Jackson, director of investments at TA Associates, to discuss if we're about to witness the great Fintech rebound. Timestamps: 04:36 From Turbulence to Triumph: Are We About to Witness the Great Fintech Rebound? 06:24 Are there any changes to how Fintech companies are being evaluated for investments? 08:01 How have growth investors and private equity firms been looking at the industry? 09:04 Early stage venture capital 11:02 Fintech funding in 2024 12:50 What's giving companies confidence in pushing for IPOs? 15:52 Interesting sub sectors in the current market 20:28 What makes a great Fintech company to invest in? 24:30 Are there any particular countries where Fintech is flourishing? 26:25 Outlook for 2025 30:34 One piece of advice for investors Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show! You can find Jeff Tijssen here You can find Mike Cashman here You can find Nik Milanović here You can find Clara Jackson here For more insights from the Deciphered podcast, visit the page on Bain’s website

August 19, 202458 min

Has Crypto Crossed the Institutional and Consumer Chasm?

In this episode of Deciphered, Adam Davis, expert associate partner at Bain & Company, is joined by Chris Kuiper, Director of Research at Fidelity Digital Assets, Edward Woodford, CEO at Zero Hash and Jeremy Fox-Geen, CFO at Circle to discuss whether crypto has crossed the institutional and consumer chasm. Timestamps: 06:22 Has crypto crossed the institutional and consumer chasm? 09:41 What's underpinned this crypto bull run over the last 12 months? 12:56 How do Bitcoin ETFs differ from other ETFs? 15:11 Regulatory hurdles with Bitcoin ETFs 17:21 Is there a correlation between user adoption and ETF approvals? 18:57 Bitcoin: Will the use cases grow, or is it just a store of value? 23:16 Which other crypto assets could go through this regulatory process in the near future? 25:23 The future of stablecoins 32:52 What are the blockers stopping widescale adoption of stablecoins? 42:59 How has crypto influenced global culture and society? 48:37 What role will crypto play in Financial Services once it has fully matured? Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show! You can find Adam Davis here You can find Chris Kuiper here You can find Edward Woodford here You can find Jeremy Fox-Geen here For more insights from the Deciphered podcast, visit the page on Bain’s website

July 22, 202429 min

Betting on Fintech: Which Transformative Technologies Will Shape the Near Future?

In this episode of Deciphered, recorded live from Money20/20 Europe, host Adam Davis, Bain associate partner, is joined by Jeff Tijssen, Bain partner and global head of fintech, Ronit Ghose, Citi Future of Finance global head of banks research and cohead of fintech and Anthony Craufurd, Visa Europe director of ventures and startup engagement, to discuss which transformative technologies will shape the future of Fintech. Timestamps: 04:46 Betting on Fintech: Which transformative technologies will shape the future? 09:48 Practical applications of new technologies in financial services 13:50 How is the research at Citi translated into investment and product decisions? 16:12 Dividing up ventures from a tech perspective 18:09 Integrating investments back and driving revenue 19:22 Overhyped technologies 22:59 Proof points when looking at companies pioneering new technologies 24:58 Money 2020 takeaways Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show! You can find Adam Davis here You can find Jeff Tijssen here You can find Ronit Ghose here You can find Anthony Craufurd here For more insights from the Deciphered podcast, visit the page on Bain’s website

July 1, 202455 min

AI and Quantum: Is the World Ready for the Impact on Payments?

In this episode of Deciphered, Adam Davis, expert associate partner at Bain & Company, is joined by Erin McCune, expert partner at Bain & Company, Ed McLaughlin, President and Chief Technology Officer at MasterCard, Sladjana Jovanovic, Chief Information Officer for the Canadian Personal Business Banking at BMO Financial Group, and Daragh Morrissey, director of AI at Microsoft Worldwide Financial Services, to discuss if the world is ready for AI and quantum's impact on payments. Timestamps: 06:06 AI and Quantum: Is the World Ready for the Impact on Payments? 12:19 Based on Bain's surveys on AI, are those expectations realistic? And what timeframe are we looking at? 15:29 How will AI transform our experience with payments? 18:32 How is Mastercard implementing AI to meet future expectations? 21:05 How does the growth and maturation of accountability change as AI models develop? 26:27 What are the most interesting use cases of AI? 31:48 Quantum computing: What is it? And how will it impact us? 37:01 How will quantum computing impact fraud? 40:46 Who will be the biggest benefactors of quantum? 45:36 How have partnerships effected POCs & go-to-market solutions? Please subscribe to the show so you never miss an episode, and leave us a review if you enjoy the show! You can find Adam Davis here You can find Erin McCune here You can find Ed McLaughlin here You can find Sladjana Jovanovic here You can find Daragh Morrissey here For more insights from the Deciphered podcast, visit the page on Bain’s website