Talking Banking Matters

After growing technology businesses at every stage and across different industries, Daniel Marovitz joined Booking.com to introduce payments into its then-basic hotel-booking service. As senior vice president of fintech, Marovitz is enabling the company to achieve its vision to remove financial friction from travel. His cross-functional team focuses on the financial systems, payment solutions, and innovative financial products that strengthen Booking.com’s position as the platform of choice for customers worldwide to arrange lodging, transportation, and more. In this episode, he speaks with McKinsey partner and payments industry expert Uzayr Jeenah about what makes transactions especially complex in the travel industry and how streamlining payments eases customers’ pain points. Related insights The 2025 McKinsey Global Payments Report: Competing systems, contested outcomesGuardrails for growth: Building a resilient payments system Follow our banking and payments sector insights: Talking Banking Matters Read our Financial services blog: Banking & Securities Matters Discover our latest insights with our LinkedIn community of 9,000+ financial services professionals: McKinsey Financial Services Find all of our Financial Services insights on McKinsey.com See www.mckinsey.com/privacy-policy for privacy informationSee www.mckinsey.com/privacy-policy for privacy information

When Nigel Morris and his cofounder, Frank Rotman, started QED Investors in 2007 to support high-growth financial technology companies, the fintech world was just beginning to blossom. Today, QED is a leading venture capital firm specializing in early-stage and growth fintechs, backing more than 250 portfolio companies. The firm provides hands-on operational support, backing fintech start-ups in lending, payments, insurance, and banking. In this episode, Nigel speaks with McKinsey partner and payments industry expert about how the fintech landscape is shaping up in the face of AI and a younger demographic. Related insights The next age of fintech: AI, digital assets, and new paths to successMcKinsey Insights on Financial ServicesGlobal Banking Annual ReviewStablecoins in payments: What the raw transaction numbers missFinancial services: M&A bounces back, with scale and capabilities at the center Follow our banking and payments sector insights: Talking Banking Matters Read our Financial services blog: Banking & Securities Matters Discover our latest insights with our LinkedIn community of 9,000+ financial services professionals: McKinsey Financial Services Find all of our Financial Services insights on McKinsey.com See www.mckinsey.com/privacy-policy for privacy informationSee www.mckinsey.com/privacy-policy for privacy information

The blockchain-based fintech Circle is perhaps best known as the issuer of USDC stablecoins, but the company is much broader than that. In the words of its leaders, Circle seeks to build a foundational economic operating system for an AI-driven digital economy running on a blockchain-based payments infrastructure. In this episode Circle CFO Jeremy Fox-Geen speaks with McKinsey partner and payments industry expert Matt Higginson about the effect of the passage of 2025’s Genius Act on the future of stablecoin innovation, sources of future value, and how his background in philosophy informs his work and leadership style. Related insights The 2025 McKinsey Global Payments Report: Competing systems, contested outcomesGuardrails for growth: Building a resilient payments systemThe stable door opens: How tokenized cash enables next-gen paymentsGlobal Banking Annual Review 2025: Why precision, not heft, defines the future of bankingAfter the surge: Tien‑Tsin Huang on the future of paymentsThe future of the payments industry: How managing risk can drive growth Follow our banking and payments sector insights: Talking Banking Matters Read our Financial services blog: Banking & Securities Matters Discover our latest insights with our LinkedIn community of 9,000+ financial services professionals: McKinsey Financial Services Find all of our Financial Services insights on McKinsey.com See www.mckinsey.com/privacy-policy for privacy informationSee www.mckinsey.com/privacy-policy for privacy information

The longtime business payments company seeks to transform B2B money movement and related activities, creating new revenue streams and better cashflow.See www.mckinsey.com/privacy-policy for privacy information

As digital payments make up a growing share of money movement, payments fraud is becoming more frequent and complex, requiring a broader range of ever-more-powerful security tools. SardineAI seeks to meet that need with an AI-powered fraud prevention and compliance platform that uses device intelligence, behavior-based analytics, and machine learning to protect financial services, fintech, and e-commerce businesses. In this episode, SardineAI cofounder and CEO Soups Ranjan speaks with McKinsey partner and payments industry expert Roshan Varadarajan about Ranjan’s experience leading financial crime prevention at Revolut and Coinbase before starting Sardine; the future of payment fraud prevention, given the emergence of agentic commerce; and the growth of the payments security industry. Related insights The 2025 McKinsey Global Payments Report: Competing systems, contested outcomesGuardrails for growth: Building a resilient payments systemThe stable door opens: How tokenized cash enables next-gen paymentsGlobal Banking Annual Review 2025: Why precision, not heft, defines the future of bankingAfter the surge: Tien‑Tsin Huang on the future of paymentsThe future of the payments industry: How managing risk can drive growth Follow our banking and payments sector insights: Talking Banking Matters Read our Financial services blog: Banking & Securities Matters Discover our latest insights with our LinkedIn community of 9,000+ financial services professionals: McKinsey Financial Services Find all of our Financial Services insights on McKinsey.com See www.mckinsey.com/privacy-policy for privacy informationSee www.mckinsey.com/privacy-policy for privacy information