In today's episode we talk to our favourite serial fintech entrepreneur, Greg Krasnov, CEO and founder of tonik. He shares insights from his storied career setting up a leading digital bank in Europe and multiple fintech ventures in Asia, illustrates the opportunity and obstacles for digital banking in Southeast Asia, and explains his approach to building a profitable and scalable digital-only banking proposition for the Philippines. Timeline00:16 Yinglan introduction of Greg;1:18 Greg's journey from Europe to Southeast Asia;3:20 Building blocks of a digital bank;5:49 Building a digital bank in the Philippines vs other parts of the world;8:33 Obstacles for digital banking in Southeast Asia;12:54 Digital banking from regulators' perspective;15:23 Why tonik's digital banking proposition is superior to other fintech models;18:27 Launch of tonik;19:17 Greg's advice for founders;20:24 Fast Talk corner;About our guestGreg is a serial fintech entrepreneur with a storied career in the financial space spanning Europe and Southeast Asia. Prior to founding tonik, he co-founded and chaired four other successful fintech startups in Asia, including Credolab and AsiaKredit. Before coming to Southeast Asia, he was the founder and CEO of one of the top private equity-backed success stories in consumer lending in Eastern Europe, Platinum Bank in Ukraine, which exited in 2013 for US$150 million. Before blazing a trail of fintech success stories, he spent 10 years in private equity at Bank of America in London and Innova Capital in Warsaw.Music:Business As Usual by CausmicBroken Purpose by Jukedeck (2019)The content of this podcast is for informational purposes only, should not be taken as legal, tax, or business advice or be used to evaluate any investment or security, and is not directed at any investors or potential investors in any Insignia Ventures fund. Hosted on Acast. See acast.com/privacy for more information.