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The 2015 Fintech Finance 35: Derek White, Barclays

No. 27

Derek White
Chief Design and Digital Officer

Entrepreneurship came naturally to Derek White. At age nine he started a newspaper distribution business with his brother, when their father was out of work. While attending Utah State University in the mid-1990s, White formed an events marketing company that had credit card bank First USA as a client, and that became his entrée into financial services and, ultimately, online finance. Impressed with White’s proficiency at attracting account applications, First USA — subsequently acquired by Bank One Corp. and in turn by JPMorgan Chase & Co. — hired him to start a sports and entertainment division. In 2000, after working with First USA’s Wingspan, touted as the world’s first Internet bank, White went to work with the founders of Juniper Bank, moving to Barclays when the U.K. giant acquired the online upstart in 2005. For London-based Barclays, White spearheaded an emerging-markets expansion strategy in 15 countries, and in 2011 he became chief customer experience officer, launching the Pingit mobile platform. With an MBA from the Wharton School of the University of Pennsylvania, White, 42, has been Barclays’ chief digital and design officer since 2013, and he has laid out a welcome mat to fintech start-ups. “We asked what we could provide beyond financial and human capital — and it was customers,” he says. “Start-ups’ hardest nut to crack is customers.” Barclays has partnered with the Techstars accelerator in London to “create collisions between brilliant people and the right kind of environment for innovation.” They held their first demo day in London a year ago and one in New York last month, where applications ranged from quantum computing to bond trading to blockchain. Says White, “We’re taking the growth opportunities that we have, the new technology we see, and going out to start-ups asking how they could help us create the future of financial services.”

The 2015 Fintech Finance 35
1. James Robinson III
& James Robinson IV
RRE Ventures
2. Jane Gladstone
Evercore Partners
3. Matthew Harris
Bain Capital Ventures
4. Steven McLaughlin
Financial Technology Partners
5. Jonathan Korngold
General Atlantic
6. Richard Garman &
Brad Bernstein
FTV Capital
7. Amy Nauiokas & Sean Park
Anthemis Group
8. Thomas Jessop
Goldman Sachs Group
9. Meyer (Micky) Malka
Ribbit Capital
10. Hans Morris
Nyca Partners
11. Maria Gotsch
Partnership Fund for New York City
12. Marc Andreessen
Andreessen Horowitz
13. Barry Silbert
Digital Currency Group
14. Jay Reinemann
Banco Bilbao Vizcaya Argentaria
15. Mariano Belinky
Santander InnoVentures
16. François Robinet
AXA Strategic Ventures
17. Vanessa Colella
Citi Ventures
18. Alan Freudenstein & Gregory Grimaldi
Credit Suisse
19. Justin Brownhill & Neil DeSena
SenaHill Partners
20. Rodger Voorhies
Bill & Melinda Gates Foundation
21. Michael Schlein
Accion International
22. Kenneth Marlin
Marlin & Associates
23. Rumi Morales
CME Ventures
24. Mark Beeston
Illuminate Financial Management
25. Vladislav Solodkiy
26. Fabian Vandenreydt
Innotribe SWIFT
27. Derek White
28. Alex Batlin
29. Jeffrey Greenberg
& Vincenzo
La Ruffa
Aquiline Capital Partners
30. P. Howard Edelstein
REDI Holdings
31. Nektarios Liolios
Startupbootcamp FinTech
32. Roy Bahat
Bloomberg Beta
33. Andrew McCormack
Valar Ventures
34. Lawrence Wintermeyer
Innovate Finance
35. Janos Barberis
FinTech Hong Kong

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