Ex-HSBC executive discusses transition to financial technology sector
In the dynamic world of fintech, Austin, Texas-based Episode Six is making waves. The company, which helps banks and fintechs upgrade from legacy payments technology to build innovative products, has been a significant player in modernizing payment infrastructures and enabling real-time payment capabilities within the banking industry.
Brian Muse-McKenney, formerly the global head of strategy and business management at HSBC, now serves as the chief revenue officer at Episode Six. His transition was partially influenced by the company's creation of PayMe, a significant factor in Muse-McKenney's decision to join Episode Six full-time. HSBC's PayMe social payments app, which has grown to a 70% market share in Hong Kong, leverages Episode Six's infrastructure.
Episode Six's key services include providing a payment infrastructure platform for instant payments and real-time money movement, powering embedded finance solutions, offering modular, composable infrastructure for commercial banking services, and supporting small and medium-sized businesses with bundled financial service solutions. These services have been instrumental in disrupting the banking industry, helping financial institutions transition into the digital age.
The company's partnerships are strategic and collaborative, aimed at tackling legacy system challenges through technology integration. One such partnership is with U.S. Bank, where Episode Six technology helps modernize payment processing and bundle services to better serve small and medium-sized businesses. This partnership exemplifies the new fintech-bank relationship paradigm, moving from disruption to strategic collaboration focused on embedded finance.
Recently, Episode Six announced a partnership with Yoo Financial, a fintech subsidiary of global payment processor OTT Pay Inc., to create customizable credit products available throughout Canada. This collaboration further solidifies Episode Six's position as a key enabler for financial institutions transitioning into the digital age.
Innovation extends to Episode Six's social responsibility efforts as well. Germany has been using Episode Six's technology to issue payouts to refugees and asylum seekers on programmable cards, digitizing a previously paper-based payment system. The cards, available in multiple colours to avoid discrimination, represent a significant step towards a more inclusive financial ecosystem.
As Muse-McKenney believes, Episode Six's capabilities and customer roster speak for themselves. The company's focus on personalization, as demonstrated by its partnership with Yoo Financial and Mastercard, allows it to continue innovating and delivering on its promise of choice and value. With its innovative services and strategic partnerships, Episode Six is undoubtedly shaping the future of the banking industry.
Technology plays a crucial role in Episode Six's service offerings, as it provides a payment infrastructure platform for instant payments and real-time money movement, powers embedded finance solutions, and offers modular, composable infrastructure for commercial banking services.
Episode Six's technology partnership with Yoo Financial and global payment processor OTT Pay Inc. is an example of how technology integration can create customizable credit products, further solidifying its position as a key enabler for financial institutions transitioning into the digital age.
