The Future Of Commerce Is Now

Episode 6 Reinventing Insurance Podcast

Paul Ricard and Beth Costa

8 min read

Double Quotes
Fintech and new technology companies have changed the game — they tapped into customer needs and kept expanding. Today, there are also new opportunities for insurers to become a part of consumers' day-to-day lives
Beth Costa, Oliver Wyman Partner

In this podcast episode, Beth Costa shares perspectives on the dynamic side of Payments, and the latest pandemic impacts to commerce, Insurance, small businesses and Millennials.  

Beth is a Financial Services industry veteran with more than 30 years' experience. As a Partner in Oliver Wyman's Payments and Retail Banking practices, Beth brings a unique blend of perspectives to her clients, having worked both in industry and also as a consultant.  

During our conversation, Beth dives into current growth and consumer opportunities, and what companies need to survive and thrive in this new age of commerce. We discuss how fintechs and new technology companies are changing the game and reinventing customer experiences with super apps.

Our Reinventing Insurance podcast explores best practices for taking a CustomerFirst approach to innovation within Insurance. Throughout this series, host Paul Ricard discusses lessons, challenges, and new ways of working with guests who will share their first-hand experiences.

Subscribe for more on: Apple Podcasts | Spotify | Google | Amazon Music

Featured Guest

Beth Costa is a partner in Oliver Wyman’s Payments and Retail Banking practices in the Americas. Beth brings a unique blend of experiences and perspectives to her clients, having worked both in industry and also as a consultant.

She specializes in payment products, with an emphasis on payment networks and solutions. Beth’s more than 30 years of industry experience includes leadership roles at banks and payment processors, as well as C-level responsibilities with Merchant Customer Exchange (MCX). Her diverse background ensures that she provides a 360-degree view of payments from consumer, merchant, network/processor, bank (and MNO) perspectives—across any form of payment or channel.

Beth is also a frequent author and contributor for Oliver Wyman insights, including Merchant Payments Digest and the Payments Plus newsletter. Beth's latest article, "How Gen Z Shops and Pays," can be found here.

Our Host

Paul Ricard is a Partner and Head of Asia Pacific Insurance and Asset Management at Oliver Wyman, as well as a member of the CustomerFirst platform, which focuses on designing and building digital solutions, starting with customer needs and challenges.

Paul has worked with large financial-services institutions across the Americas and Asia-Pacific regions. He is also actively connected with the Insurtech and Fintech communities, and has facilitated strong ties between Insurtechs and incumbents.

His areas of expertise include designing and building greenfield digital solutions and implementing large-scale digital transformations.

    In this podcast episode, Beth Costa shares perspectives on the dynamic side of Payments, and the latest pandemic impacts to commerce, Insurance, small businesses and Millennials.  

    Beth is a Financial Services industry veteran with more than 30 years' experience. As a Partner in Oliver Wyman's Payments and Retail Banking practices, Beth brings a unique blend of perspectives to her clients, having worked both in industry and also as a consultant.  

    During our conversation, Beth dives into current growth and consumer opportunities, and what companies need to survive and thrive in this new age of commerce. We discuss how fintechs and new technology companies are changing the game and reinventing customer experiences with super apps.

    Our Reinventing Insurance podcast explores best practices for taking a CustomerFirst approach to innovation within Insurance. Throughout this series, host Paul Ricard discusses lessons, challenges, and new ways of working with guests who will share their first-hand experiences.

    Subscribe for more on: Apple Podcasts | Spotify | Google | Amazon Music

    Featured Guest

    Beth Costa is a partner in Oliver Wyman’s Payments and Retail Banking practices in the Americas. Beth brings a unique blend of experiences and perspectives to her clients, having worked both in industry and also as a consultant.

    She specializes in payment products, with an emphasis on payment networks and solutions. Beth’s more than 30 years of industry experience includes leadership roles at banks and payment processors, as well as C-level responsibilities with Merchant Customer Exchange (MCX). Her diverse background ensures that she provides a 360-degree view of payments from consumer, merchant, network/processor, bank (and MNO) perspectives—across any form of payment or channel.

    Beth is also a frequent author and contributor for Oliver Wyman insights, including Merchant Payments Digest and the Payments Plus newsletter. Beth's latest article, "How Gen Z Shops and Pays," can be found here.

    Our Host

    Paul Ricard is a Partner and Head of Asia Pacific Insurance and Asset Management at Oliver Wyman, as well as a member of the CustomerFirst platform, which focuses on designing and building digital solutions, starting with customer needs and challenges.

    Paul has worked with large financial-services institutions across the Americas and Asia-Pacific regions. He is also actively connected with the Insurtech and Fintech communities, and has facilitated strong ties between Insurtechs and incumbents.

    His areas of expertise include designing and building greenfield digital solutions and implementing large-scale digital transformations.

    In this podcast episode, Beth Costa shares perspectives on the dynamic side of Payments, and the latest pandemic impacts to commerce, Insurance, small businesses and Millennials.  

    Beth is a Financial Services industry veteran with more than 30 years' experience. As a Partner in Oliver Wyman's Payments and Retail Banking practices, Beth brings a unique blend of perspectives to her clients, having worked both in industry and also as a consultant.  

    During our conversation, Beth dives into current growth and consumer opportunities, and what companies need to survive and thrive in this new age of commerce. We discuss how fintechs and new technology companies are changing the game and reinventing customer experiences with super apps.

    Our Reinventing Insurance podcast explores best practices for taking a CustomerFirst approach to innovation within Insurance. Throughout this series, host Paul Ricard discusses lessons, challenges, and new ways of working with guests who will share their first-hand experiences.

    Subscribe for more on: Apple Podcasts | Spotify | Google | Amazon Music

    Featured Guest

    Beth Costa is a partner in Oliver Wyman’s Payments and Retail Banking practices in the Americas. Beth brings a unique blend of experiences and perspectives to her clients, having worked both in industry and also as a consultant.

    She specializes in payment products, with an emphasis on payment networks and solutions. Beth’s more than 30 years of industry experience includes leadership roles at banks and payment processors, as well as C-level responsibilities with Merchant Customer Exchange (MCX). Her diverse background ensures that she provides a 360-degree view of payments from consumer, merchant, network/processor, bank (and MNO) perspectives—across any form of payment or channel.

    Beth is also a frequent author and contributor for Oliver Wyman insights, including Merchant Payments Digest and the Payments Plus newsletter. Beth's latest article, "How Gen Z Shops and Pays," can be found here.

    Our Host

    Paul Ricard is a Partner and Head of Asia Pacific Insurance and Asset Management at Oliver Wyman, as well as a member of the CustomerFirst platform, which focuses on designing and building digital solutions, starting with customer needs and challenges.

    Paul has worked with large financial-services institutions across the Americas and Asia-Pacific regions. He is also actively connected with the Insurtech and Fintech communities, and has facilitated strong ties between Insurtechs and incumbents.

    His areas of expertise include designing and building greenfield digital solutions and implementing large-scale digital transformations.

Authors