Recorded live at Baltic Fintech Days in Riga, this conversation with Jakub Wieclaw, CEO of Magnetiq Bank, is one of the most honest and insightful takes on banking as a service you will find anywhere. Jakub knows this space better than almost anyone, having been part of the Vodeno Aion exit to UniCredit for close to 300 million euros before turning Magnetiq Bank from losses into projected 2 million profit with 444% revenue growth in under two years. In this episode Jakub breaks down why embedded finance is reshaping the entire banking landscape and which players will actually survive, what killed competitors like Solarisbank and why regulatory relationships matter more than any technology advantage, how Magnetiq slashed go-live timelines in half and why time to market is the real competitive weapon, the brutal internal restructuring he led including replacing 40 people and stripping out hierarchical layers to build a genuinely flat performance culture, and what it really takes to lead a turnaround, from daily profitability tracking to cycling before work instead of after. If you want the unfiltered truth about where fintech is heading from someone who has lived through the failures and built through them, this is essential viewing.