Asset Management Will One Day Be App Based: Revolut’s Gilbert

The transcript discusses the vision of a company aiming to become a global super app with a UK banking license. It highlights the cultural differences in fintech, emphasizing the need for regulatory balance. The potential for asset management in fintech, particularly through passive investments and ETFs, is explored. Opportunities in UK finance are examined, focusing on London's role and the importance of maintaining its status amidst competition from other financial centers.

What is the company's vision discussed in the first section?

• To focus solely on asset management

• To operate only in the European market

• To be a global super app with a UK banking license

• To become a local banking app

What is a key challenge mentioned in obtaining a UK banking license?

• It is easily available

• It requires minimal preparation

• It is not handed out like confetti

• It is only for large corporations

What cultural aspect is emphasized for fintech startups in the second section?

• Focusing solely on growth

• Changing the company culture entirely

• Balancing innovation with regulatory compliance

• Avoiding any form of regulation

What investment trend is highlighted in the third section?

• Shift from passive to active investments

• Increased focus on private banking

• Shift from active to passive investments

• Decline in ETF popularity

What is a potential future development for fintech companies according to the third section?

• Avoiding any form of investment services

• Focusing only on traditional banking

• Offering only high-fee investment options

• Developing full asset management capabilities

What is a key opportunity for UK finance mentioned in the final section?

• Maintaining a lead in fintech

• Reducing investment in technology

• Focusing only on local markets

• Avoiding global financial centers

What is a potential threat to London's financial status discussed in the final section?

• Lack of infrastructure

• Growth of satellite financial centers

• Decline in population

• Increased local competition