A global patchwork of financial institutions has long handled the funds of big corporations. But those big corporate customers are losing patience with the banks, especially as they see consumer payment apps such as Alipay or Venmo make moving money look so easy. That's putting pressure on lenders to overhaul their corporate-payments systems or risk losing their grip on a lucrative business. Bloomberg’s Jennifer Surane reports from the streets of New York, and then sits down with Stephanie and Bloomberg Opinion writer Lionel Laurent to discuss the future of banking and FinTech.

<p>A global patchwork of financial institutions has long handled the funds of big corporations. But those big corporate customers are losing patience with the banks, especially as they see consumer payment apps such as Alipay or Venmo make moving money look so easy. That's putting pressure on lenders to overhaul their corporate-payments systems or risk losing their grip on a lucrative business. Bloomberg’s Jennifer Surane reports from the streets of New York, and then sits down with Stephanie and Bloomberg Opinion writer Lionel Laurent to discuss the future of banking and FinTech.</p>

Bloomberg’s head of economics Stephanie Flanders calls on Bloomberg's worldwide network of reporters and expert commentators to cast a fresh eye on looming challenges for the world economy which affect us all. This six-part podcast combines on-the-ground reporting with expert discussion on the future of cities, finance and technology, trade, global governance and making growth more inclusive. It's the start of a global conversation on how to confront these issues which will continue in Singapore in early November, when around 400 top business leaders and thinkers from across the globe will gather in Singapore for the first New Economy Forum.

A six-part podcast from Stephanie Flanders on the future of cities, finance and technology, trade, global governance and making growth more inclusive.

The New Economy

Banking

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2dabd798-52ff-421f-9eb6-ae3c0009c366/transcript

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