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Tackling financial fraud with AI: Qonto CEO Alexandre Prot

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Manage episode 490996331 series 2999568
Content provided by Sifted. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sifted or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

French fintech Qonto is a rare beast in startup land: it's actually profitable. Founded in 2016, the company provides banking and other financial services to 500,000 small businesses customers across eight European markets, helping them do everything from banking to accountancy, lending, savings, and as of recently, payment terminals.

And being in the black gives it plenty of opportunities to expand further, via new product development, acquisitions — and by becoming a fully-licensed bank.

In this episode of the Sifted podcast, CEO Alexandre Prot joins Amy to talk about how soon Qonto might apply for a banking licence, how it's using AI to tackle fraud and what lies ahead on the path to an IPO.

Key moments:

02:30 Acquisition strategy
14:05 Becoming a ban
19:24 Secondaries and fundraising plans
22:57 IPO?
25:37 Challenges ahead
28:14 Fraud and AI
35:45 What Alex would do differently building Qonto again

  continue reading

121 episodes

Artwork
iconShare
 
Manage episode 490996331 series 2999568
Content provided by Sifted. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sifted or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

French fintech Qonto is a rare beast in startup land: it's actually profitable. Founded in 2016, the company provides banking and other financial services to 500,000 small businesses customers across eight European markets, helping them do everything from banking to accountancy, lending, savings, and as of recently, payment terminals.

And being in the black gives it plenty of opportunities to expand further, via new product development, acquisitions — and by becoming a fully-licensed bank.

In this episode of the Sifted podcast, CEO Alexandre Prot joins Amy to talk about how soon Qonto might apply for a banking licence, how it's using AI to tackle fraud and what lies ahead on the path to an IPO.

Key moments:

02:30 Acquisition strategy
14:05 Becoming a ban
19:24 Secondaries and fundraising plans
22:57 IPO?
25:37 Challenges ahead
28:14 Fraud and AI
35:45 What Alex would do differently building Qonto again

  continue reading

121 episodes

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