#08 Dr. Thomas Bloch - Fintechs, Robo-Advisors and The New Banking

Dr. Thomas Bloch is the Co-Founder and Co-CEO of Vaamo, a leading German Robo-Advisory platform. Prior to founding an asset management fintech Dr. Bloch has worked in investment banking for J.P. Morgan for almost 9 years. This unique set of experiences makes our today’s guest an amazing conversation partner as he shares valuable insights as seen from both sides of the table. In our conversation, we jump from topic as we discuss the history of Vaamo as well as the current fintech environment and the struggles of founding a financial startup. We also get very deep into the way a Robo-advisor company operates and what is required to succeed in this field. For anyone who is planning on founding a financial startup this is a must-listen. For the full show notes and to sign up for our newsletter go to: www.thewallstreetlab.com  And now to the show notes: 2:00 How does Dr. Bloch explain what he does 3:00 Professional background and the story of Vaamo 06:50 How did the idea for Vaamo come along? 09:00 How was the switch from investment banking to the Fintech space? 10:00 Typical day? 11:00 Fintech impact on banking 13:15 Fintech business environment in Europe in comparison to the US and Asia 16:04 What is a Robo-Advisor? 19:00 Should I purchase SaP500 or give my money to Vaamo? 20:50 Typical customer risk profile questions 22:35 Human role in Robo-Advisors 23:50 Strategies behind Robo-Advisor investments 28:20 The biggest problems Dr.Bloch ran into when launching Vaamo 32:10 Best method of obtaining capital for a financial business and how did Vaamo do it? 33:10 What is Dr.Bloch’s favourite fintech? 34:40 Brexit effect on the startup/finance industry in Frankfurt? 36:00 What pieces of advice would Dr.Bloch give to himself when starting Vaamo? 37:40 Contact 38:05 What would you like to leave our audience with?   As always, if you like what you hear, make sure to sign up to our newsletter and share the podcast with anyone you think might benefit from the information. And, if you want to be really cool, please leave us a 5-Star review on iTunes.  www.thewallstreetlab.com   The next episode will come out on March 23th, in which we interview Alexander Doll, the CEO of Barclays Germany and the Head of Banking for the DACH region! Stay tuned!    

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