Pieter Franken's guest appearances

Pieter Franken

Asia Tech Podcast

Mutsdas Podcast | Stichting Jouw Verhaal

Tim Ferriss

Jen Loong

Jason Goldberg

Jerry Chen

Michael Bloomberg

Michael Smith

Nitin Sawhney

Horace Dediu

Stephen Covey

Will Lee

Kerry Brown

Simon Dixon

Andrea Loubier

Daniel Fraser

Jason Choi

OwlTail

[02:10] You came to Japan to work for Panasonic Corp in 1989. What was Japan like back then? -- This was just after the real estate bubble started to burst. Prior to that Japan always felt like an endless party. In 1989 the hangover was starting. It was a special time. You find Japanese companies all have their own stories. They are not all the same.[28:00] You were actually involved in the aftermath of what was the largest corporate failure in Japanese history. Tell us a little bit about that. -- You're talking about The Long-Term Credit Bank of Japan, which went bankrupt in 1998. I joined the bank that emerged from this in 2000, Shinsei Bank. My interests were in rebuilding the bank from a technical / operational standpoint. At that time, Japanese banking technology in services was lagging. We really started to innovate to make Shinsei Bank a leader in banking tech.[43:23] When you look at FinTech innovation in Japan today, there seems to be a lot going on. How has this happened? Who is driving it? -- First, it's important to consider that FinTech is a very broad term, which at it's core means bringing into the world of finance new digital technologies, new companies, and new innovative concepts. In Japan now there is a realization the central places for finance in Asia are in Singapore and Hong Kong, they are not in Tokyo. There's a growing realization banks need to innovate more.

[02:10] You came to Japan to work for Panasonic Corp in 1989. What was Japan like back then? -- This was just after the real estate bubble started to burst. Prior to that Japan always felt like an endless party. In 1989 the hangover was starting. It was a special time. You find Japanese companies all have their own stories. They are not all the same.<br><br>[28:00] You were actually involved in the aftermath of what was the largest corporate failure in Japanese history. Tell us a little bit about that. -- You're talking about The Long-Term Credit Bank of Japan, which went bankrupt in 1998. I joined the bank that emerged from this in 2000, Shinsei Bank. My interests were in rebuilding the bank from a technical / operational standpoint. At that time, Japanese banking technology in services was lagging. We really started to innovate to make Shinsei Bank a leader in banking tech.<br><br>[43:23] When you look at FinTech innovation in Japan today, there seems to be a lot going on. How has this happened? Who is driving it? -- First, it's important to consider that FinTech is a very broad term, which at it's core means bringing into the world of finance new digital technologies, new companies, and new innovative concepts. In Japan now there is a realization the central places for finance in Asia are in Singapore and Hong Kong, they are not in Tokyo. There's a growing realization banks need to innovate more.

264: Pieter Franken – Safecast, Shinsei Bank, MIT & Monex Group