Everything Eileen Burbage said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Burbidge: London hosts more US bank headquarters than New York
“We have more American bank headquarters here in London than in New York.”
Burbidge: Over 90% of European banks rely on FIS or Fiserv
“It's at least here in Europe about something like 90%, more than that, of all of the banks are using one of two back-end suppliers, FIS or Fiserv, which prohibits them from being able to do things faster.”
Burbidge: The term "fintech" is a swipe at legacy banks
“It's almost like a diss, right? It's like the new, newer companies are thinking, oh, we're going to introduce technology into your sector, thereby implying that they never used technology to do it. So it's almost a bit of a swipe.”
Burbidge: London surpassed New York as global financial capital in 2015
“Which it just re-got again from New York this year.”
Burbidge: UK government committed to granting 15 challenger bank licenses
“We're going to approve or grant new licenses for up to 15 challenger banks.”
Burbidge: London transit is world's largest bank-backed contactless network
“And that is the largest contactless payment bank sort of backbone as opposed to a private network contactless payment in the world.”
Burbidge: Nearly 80% of millennials trust tech giants over banks
“Certainly more than 50, I think it was close to 80% of millennials trust the brands, you know, Facebook or Google. Or Apple, I think was the top of the pile, much more than their banks.”
Burbidge: Fintech startups will sell to big tech, not banks
“Your exit opportunities aside from staying independent and maybe going public or whatever is potentially on the buyout side. You may not be selling to a bank, you might be selling to Facebook, you might be selling to Amazon, you might be selling to Google as t…”
Burbidge: 190 million people in India opened bank accounts in four years
“You look at what's happened in India, they've had a hundred and ninety million people open up bank accounts in the last four years”
Burbidge: UK financial sector contributes up to £160B annually to GDP
“The financial services sector contributes about 150 to one hundred and sixty billion pounds a year to the UK economy and GDP.”
Burbidge: Barclays spends $5 billion annually on technology
“Barclays has been publicly establishing that they spend three billion pounds a year, which is about five million dollars, five billion dollars a year on its IT spend or its tech spend”
Eileen Burbage
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