Getting Clarity on Personal Finance's Mobile Shift

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 20 July 2018

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

From the financial problems facing Americans to how psychology explains people's saving and spending habits, this episode is all about money. Entrepreneur Adam Dell, founder of Clarity Money, a personal finance app that was acquired by Marcus by Goldman Sachs in April 2018, joins us to talk about all this and more, including how he created a mobile app to simplify individuals' money management. "Startups that have risen to prominence are focused on transparency, advocacy and simplicity - what I consider to be the tectonic shifts in consumer finance," he says. This podcast was recorded on June 14, 2018. This podcast should not be copied, distributed, published or reproduced, in whole or in part. The views expressed in this podcast are not necessarily those of Goldman Sachs, and Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. The information contained in this podcast was prepared for general information purposes only, does not constitute research, advice or a recommendation from any Goldman Sachs entity to the listener and are not a substitute for personalized financial advice. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the statements or any information contained in this podcast. Goldman Sachs and its affiliates expressly disclaim any liability (including any direct, indirect, or consequential loss or damage) for this podcast and its content. Copyright 2018 Goldman Sachs & Co. LLC. All rights reserved.

Transcript

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0:00.0	This is exchanges at Goldman Sachs where we discuss developments currently shaping markets, industries
0:13.6	in the global economy. I'm Jake Seward, global head of corporate communications here at the firm.
0:18.7	On this episode, we're talking money, from how psychology explains people saving and spending habits to the money problems facing Americans,
0:26.0	to how artificial intelligence and big data are changing the personal finance landscape and more.
0:31.0	Joining us in the studio is Adam Dell.
0:33.6	He and his team recently moved from their startup office to the Goldman Sachs headquarters
0:37.4	here in New York.
0:39.0	Adam founded Clarity Money, a personal finance app that was acquired by Marcus by Goldman Sachs in April 2018.
0:45.0	Marcus is the digital consumer offering of Goldman Sachs.
0:48.4	Adam, welcome to the program.
0:49.6	Thank you for having me.
0:50.8	So you're probably the newest Goldman Sachs employee we've ever
0:54.3	had on the program but before joining this firm you worked as a venture
0:59.8	capitalist, a professor, you were a lawyer.
1:03.0	Talk us a little bit through the journey
1:04.6	of how you ended up here and joining the Marcus team at Goldman.
1:08.4	I've been doing startups and venture capital
1:11.3	for about 20 years.
1:13.2	And I have a very specific approach to my work,
1:18.0	which is I look for problems.
1:21.0	And I look for problems that I think are going to be solved by technology.
1:25.0	If I can find a startup that is attacking a problem with technology, I'll invest in it.
	...

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