Shaun Weston talks to Luka Ivicevic about entrepreneurship, getting Penta off the ground, and the difference between being digital and simply digitised.

In the latest BankNXT Fintech Podcast, I talk to Luka Ivicevic about entrepreneurship, getting SME digital bank Penta (for SME banking) off the ground, initial funding, next steps and the importance of having fun when you embark on something new and exciting such as a fintech startup.

We also touch on what it’s like to be a German startup, the struggles new businesses go through on the road to fruition, and how failing is a great way to fine-tune the success of later ventures.

Luka also has forthright views about the digital banking scene: “I really think that the current digital banking scene – I mean what has been created – is just a better legacy bank,” he says. “Just because you get easy access to the mobile app, where you don’t have to scan your eye and your finger to get into that … I think these are all incremental changes. Of course, they’re leading in the right direction, but I don’t think there are any proven results actually out there. I don’t think anything serious has been moved by it.

“I hope we’re going to be the first that actually pushes something out there that’s going to make a difference between a digital bank and a digitised bank. I’d say that most challenger banks and all legacy banks are just digitised.”

I ask Luka what he means by being simply digitised, but of course you’ll have to listen to the interview to hear his explanation.

I hope you enjoy the podcast. I love to hear from you, so please leave your comments below, or contact me on Twitter. You can see the other interviews in this series on this page.

 You can subscribe to this podcast on iTunes.

About the author

Shaun Weston

Shaun Weston is Senior Editor of BankNXT and Backbase, and a creative content provider specialising in digital projects, marketing and social media. He has worked with businesses that focus on editorial strategy for online or print, consumer or B2B, and his work includes The Economist, SAS, Oracle, Future Publishing, FoodBev.com and Backbase.

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