Podcast Interview with Dr. Tim Sievers, CEO & Founder, Deposit Solutions
The sixth interview in our special series of csuite podcast episodes that we’re recording in partnership with the European PR Agency Tyto was with Dr. Tim Sievers, CEO and Founder of Deposit Solutions, an open banking platform that, as reported in the Financial Times, reached unicorn status in September 2019 after securing a $55m investment for a 4.9% stake from Deutsche Bank.
For savers, deposits are an important product category for the financial services’ needs, that’s just where you put your money, the excess cash that you want to save.
For banks, it is a really important funding source, 40 percent of European banks balance sheets are funded in deposits.
To Tim, open banking is about putting the customer at the centre of everything, the customer’s needs at the centre of everything.
Millions of Britons are at risk of invalidating their home insurance if they choose to continue working from home after 1 August, when the UK government will further ease lockdown rules to encourage people to return to the office.
Some 26 per cent of people plan to continue working from home on a permanent or semi-permanent basis as the coronavirus lockdown lifts, but seven in 10 are unaware they may need to inform their insurance provider of their change in circumstance, research has found.
This amounts to 9.7 million people whose home insurance may be affected after 1 August.
In addition, over half of customers are confused about how working from home could impact their policy, with 43 per cent claiming they received no communication from their insurer and a further eight per cent saying information they received was unclear.
The research by personal finance comparison website, Finder.com, highlighted
I’m sure many of us have watched in disbelief at the COVID-19 situation unfolding in Melbourne, and are very grateful to be living and working here in the west. Few people would disagree that not only is Perth one of the safest places in the world to be right now, but also to do business.
So it’s perhaps somewhat of a surprise that city workers aren’t back at their desks in city offices en-masse. In the new normal of the COVID world, the WA workforce has largely adapted to working from home, and it seems they’re not in a hurry to return to the CBD.
Some examples include a major accounting firm, which has only 6% of its 600 person workforce coming in, and a large mining company which has red teams and blue teams alternating weeks, but only a quarter of its 4,000 staff opting to show up in
Jeffrey Dastin, technology correspondent for Reuters, explained how he investigated drug store chain Rite Aid and its use of facial recognition cameras in its stores.
Here is an excerpt:
“I had wanted to deeply explore an example of facial recognition’s use in the United States. I also had an interest in how the private sector was applying the software, when I heard Rite Aid had a program underway. Early conversations in which sources described one vendor’s links to China and problems with another supplier’s system led me to keep reporting.”
Dastin shares some of the challenges during the reporting process: “I wanted to hear the perspective of a customer who was affected by the technology, but finding someone was a challenge: Rite Aid staff often did not recall the names of people they said they misidentified, and shoppers typically did not know that facial recognition was at