Banking on the Future: Fintechs Finance Makeover

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 11 September 2019

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Buzz: “Like many technology driven industries, [Fintechs] regulations are horribly outdated, authored at a time when an app meant fries for the whole table, and spam was just canned meat. Imagine running a business under laws written before your industry or product ever existed…Congress directions for regulators about what “banks” are and do are based on how banking worked in the 1970s…Banks, as institutions, do not really exist anymore. Customer activities exist and financial services exist and they are part of a complex and perpetually shifting network of problems and solutions Customers expectations have changed every bit as much for financial services as for the music industry” (fortune.com). We will ask four experts about the future of banking as we know it: Penny Crosman, American Banker; Brett King, Breaking Banks Podcast; Usman Aijaz, Deloitte Consulting; Jerry Silva, IDC Financial Insights. You are invited to join us for Banking on the Future: Fintechs Finance Makeover.

Transcript

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0:00.0	Where does yesterday's future, which is already here, meet today's future, which is about to happen?
0:09.8	And tomorrow's future, which could be just minutes away.
0:14.6	Welcome to Technology Revolution, the future of now.
0:19.7	Where host Bonnie D. Graham asks savvy futurists for their predictions about the tech-driven
0:25.8	trends that are shaping our future right now. Here's your host who will take us into the future of now.
0:33.1	Bonnie D. Graham. Welcome, welcome, welcome. I always get a kick out of that intro. Thank you to our
0:40.4	voiceover artist and my partner in crime, my co-producer, Ryan Treasure at Voice America. I'm Bonnie
0:45.2	D. Graham. Let's check and see what the buzz is today. Okay, remember everyone. I don't know how old
0:50.9	are listening audiences around the world. There were more than 40,000 of you last month that were so happy you're listening.
0:56.6	Remember when you could say to someone, I'm going to go to the bank, and people knew what you
1:00.5	meant.
1:00.9	You knew what you meant.
1:02.3	You went to a place.
1:04.0	You had tellers, and there were windows.
1:06.4	Maybe they didn't have a protective gun protective shield in front of them.
1:10.5	You waited on a line.
1:11.4	What were you doing there?
1:12.5	You deposited money or you withdrew money.
1:14.7	Maybe you bought a money order.
1:15.9	Maybe you bought a savings bond.
1:17.7	Oh, am I harking back to the good old days?
1:19.6	You might even have received a toaster as the bank's gift for opening a new checking
	...

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