Deutsche Bank has partnered with the International Air Transport Association to develop an industry wide payments solution; they hope to new system will save the 1 to 3 percent charged by Visa and Mastercard; they plan to charge a fixed fee that will be a matter of cents per transaction; Shahrokh Moinian, global head of cash products at Deutsche Bank, tells the FT “For us, it’s an opportunity for change. We have asked ourselves: Why can’t we behave like a tech company?” Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.