In episode 82 of Fintech Chatter Dexter Cousins is joined by Macgregor Duncan of Westpac. They discuss the 10x partnership and how Westpac's Banking as a Service model brings Fintech and Banking closer.
In October 2020 Westpac announced a landmark partnership with Fintech giant, Afterpay.
The partnership will allow Afterpay to provide Westpac transaction and savings accounts and other cashflow management tools to its 3.3 million customers in Australia.
To our knowledge, no other such partnership exists in the world of Fintech. Further partnerships with Society One demonstrate Westpac's desire to work with Fintech rather than compete.
As we head into Intersekt Festival 2021 Macgregor talks candidly of the challenges facing incumbent banks. He also shares his thoughts on how banks can adapt and become part of a very exciting but uncertain future.
About Macgregor Duncan
Macgregor leads Westpac’s corporate and business development team, where he’s responsible for M&A, strategic investments and partnerships.
He is also the Co-CEO of Westpac’s new digital bank.
Before joining Westpac in 2016, Macgregor was a managing director at a US private equity firm, an investment banker at Goldman Sachs, and a corporate lawyer in New York.
Macgregor graduated from Adelaide, Princeton and Harvard Universities, and is the co-author of Imagining Australia: Ideas For Our Future (Allen & Unwin 2004).
Macgregor is currently a non-executive director at the Australian Business Growth Fund, and sits on the board of 10x Future Technologies in the UK.
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