Podcasts

The Challengers 4: Making sense of Apple Card — OakNorth’s B2B strategy to go global

  • This week's episode goes deep into Apple's financial service offerings, especially Apple Card.
  • Also, we explore OakNorth, its global growth strategy, and its takeaways.
close

Email a Friend

The Challengers 4: Making sense of Apple Card — OakNorth’s B2B strategy to go global

On today's episode of The Challengers, Josh and Zack explore the new Apple Card -- what's the big fuss and why people are so up in arms about it. Also on today's show is a discussion around OakNorth. It's a profitable UK challenger bank that doesn't get the same press as its competitors. It has a global strategy that your hosts describe in detail. Who knows -- maybe it's a model for other challengers, as well.

Josh doesn't understand why Titanium is such a pull for Apple fans. Zack thinks that there are better, more generous credit cards out there. Both your hosts agree that Apple Card is really good for Apple. Cash back rewards are deposited daily in the form of Apple Cash. This money can be further spent on Apple products and services or sent to other Apple Pay users -- keeping more cash longer in the Apple ecosystem.

Next, Zack described an article he wrote this week about OakNorth. The UK challenger bank doesn't get as much attention as N26, Revolut, or Monzo but it deserves a deeper look. It's focused primarily on debt financing of profitable, growing British businesses and has been profitable for 2 of its 4 year life.

Like the other European challengers, OakNorth also has global ambitions but it is charting a different course. Instead of building commando teams to secure banking licenses all around the globe, OakNorth spun off its technology into a subsidiary, OakNorth AI. It's going to license its way to international distribution.

0 comments on “The Challengers 4: Making sense of Apple Card — OakNorth’s B2B strategy to go global”

Podcasts

‘If you can get Gen Z right, it’s going to build your bank for the future’: Citizens Bank’s Vice Chair, Brendan Coughlin

  • Regional banks like Citizens face a variety of challenges, from high interest rates to rising consumer expectations.
  • Brendan Coughlin, the bank's Vice Chair and head of consumer banking, joins us on the podcast to discuss how his firm is navigating the challenges and opportunities in this market.
Zachary Miller | November 21, 2023
Podcasts

Revisioning banking and BaaS last mile to safely deliver financial products

  • The BaaS ecosystem has been evolving and that means different things for the banks, fintechs, non-banks, and middleware companies participating.
  • On the Tearsheet Podcast, editor Zack Miller is joined by executives from Thread Bank, CCG Catalyst Consulting Group, and Infinant to discuss the last mile and where business models are headed.
Zachary Miller | November 17, 2023
Podcasts

The Gen Z Effect: Sustainability, technology, and the future of finance

  • Gen Z has demonstrated an interest in shopping for sustainable fashion, in goods and companies whose values align with their own.
  • In this special episode of the Tearsheet Podcast, executives from Klarna, Publicis Sapient, and Good on You join us to talk about the intersection between sustainability, technology, and finance.
Zachary Miller | November 13, 2023
Podcasts

Wise’s partnership with Swift helps modernize X-border payments for FIs

  • Wise and Swift joined forces to create Correspondent Services for faster, more affordable international money transfers.
  • This partnership enables financial institutions and banks to enhance global payments without major system changes, simplifying adoption.
Zachary Miller | November 09, 2023
Podcasts

The evolution of digital banking tech platforms and Deloitte BankingSUITE with Deloitte’s Tim O’Connor

  • In this episode of the Tearsheet Podcast, Deloitte's Tim O'Connor explores the evolution of banking technology, from monolithic systems to today's modular ecosystem.
  • Tim and Tearsheet editor Zack Miller discuss how modern banking is embracing an ecosystem-based approach to create customer-centric solutions and product propositions.
Zachary Miller | November 02, 2023
More Articles