Day in the Life, Member Exclusive

‘It all goes back to creating access’: A day in the life of Roy Ng, co-founder and CEO of Bond

  • As the head of a rapidly growing startup, Roy Ng faces new and exciting challenges every day.
  • His days are spent connecting with customers, teaching young students the basics of finance, and taking long walks with his wife and two sons.
close

Email a Friend

‘It all goes back to creating access’: A day in the life of Roy Ng, co-founder and CEO of Bond

Roy Ng is the co-founder and CEO of Bond, an embedded finance platform that enables non-financial companies to offer personalized banking services to areas of the economy that have historically been underbanked and underserved by traditional financial institutions.

Bond was launched in 2019 in a small San Francisco office with around 10 employees. Since then, the firm has expanded rapidly and now has close to 70 employees, with lots of new roles opening up. Over the last couple of years, Bond has collaborated with various technology companies to offer banking services to a variety of industries, including freelancers, financial advisors, trucking businesses, and even barbershops.

Founding Bond and working in fintech feels like a natural evolution for Roy. Bond’s overarching goal of banking the underbanked ties to lessons he learned as a child about the importance of having a financial foundation for building a life, especially in the U.S. In 1988, at the age of 10, Roy emigrated with his mother to the suburbs of Los Angeles from Hong Kong, where his father stayed behind for a year to wrap up their old life.

“One of the first commandments of American living, according to relatives, new friends and neighbors, was to establish good credit,” said Roy. “There were lots of ways to begin a banking relationship, but the barriers to entry were numerous, and much of it was bewildering to a 10-year-old child and his immigrant mother.”


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “‘It all goes back to creating access’: A day in the life of Roy Ng, co-founder and CEO of Bond”

Outlier OpinionsMakers

Green Finance, Member Exclusive

Green Finance Briefing: An intro to environmental sustainability in banking

  • For banks and financial institutions, sustainability initiatives present opportunities as well as risks, according to a new report on the current landscape of environmental sustainability in banking.
  • Sustainability is a business conversation - climate change is bound to create a shift in resources, bringing with it a reallocation of capital away from the status quo.
Iulia Ciutina | September 30, 2022
Blockchain and Crypto, Member Exclusive

Bankchain Briefing: How crypto firm Blockdaemon is bucking the “crypto bro” trend

  • This week, we explore the current state of gender equality in the crypto industry, and what firms in the space can do to counter the long-standing “crypto bro” trend and make way for a more egalitarian future.
  • We also discuss the current state of crypto regulation in the US, and look at how the lack of regulatory clarity is impacting the growth of the industry.
Ismail Umar | September 29, 2022
Member Exclusive, Online Lenders

Lending Briefing: Debit cards are taking over

  • This year, debit cards have emerged as the preferred payment method for the majority of US consumers, dethroning credit cards.
  • Younger generations are behind this switch – even though they're also getting credit cards, Millennials and Gen Zers prefer to pay with debit.
Iulia Ciutina | September 28, 2022
Member Exclusive

Why are regulators cracking down on bank-fintech partnerships?

  • A higher level of regulatory scrutiny is on the way for fintechs and the bank partners on which they rely.
  • Increased regulatory scrutiny could result in a safer and more resilient market to the benefit of consumers, says Brian Graham, partner at Klaros Group.
Lindi Miti | September 27, 2022
Innovation, Member Exclusive

Slack and Salesforce launch industry-specific digital solutions – what’s in it for FIs?

  • Slack and Salesforce have built solutions to help their customers make the most of their digital tools.
  • How will these solutions benefit financial firms?
Sara Khairi | September 26, 2022
More Articles