Episode 432: From Fine Wine & Fintech to Solo Cups & Solo GPs

Today’s special episode of Breaking Banks comes to you live from Fintech House @SXSW. Listen as guest host Dara Tarkowski, Managing Partner, Actuate Law and host of Breaking Banks’ sister podcast Tech on Reg speaks with Mike Bechtel, Chief Futurist at Deloitte Consulting and David Reiling, Chairman and CEO, Sunrise Banks; Author, Fintech for Good; and host of Provoke.fm‘s NextGen Banker. These are wild times, it helps to have a futurist with a background in anthropology to put things in perspective. Where are the opportunities in evolving technology, what’s hype and nonsense? At times we are so busy wondering if we can do something, that we don’t always think if we should. Intentionality and mindfulness are good things, and mild chaos is where opportunity lies, where niches and new angles can be discovered.

In 2013 there were 2.7 billion unbanked people in the world. Today the number stands at 1.3 billion. Huge strides have been made in the last decade vs. the last hundred years. Listen as Brett King connects with Kosta Peric, Deputy Director, Financial Services for the Poor, Bill and Melinda Gates Foundation in the second half of the show. It’s important for everyone to be part of the economy — an economy that includes everyone benefits everyone. Listen as they discuss global advances in banking and payments, digital public infrastructure, and the importance of mobile wallets and identity. Game changing innovation at work!

Just as red wine is said to be good for the heart, this episode is good for the industry. With a glass of fine red wine, host Jason Henrichs raps with Lindsay Davis, Forbes Contributor and Head of Markets, Atomic about where the fintech industry is, among other things. Money and investment continue despite the various challenges of working in a hybrid world. All validation of the fintech space and this industry near to our heart. If it takes money to change money, you need only look to JPMC which has increased fintech investment from $1B to $7B in just a few years…it has its own blockchain, a virtual branch, continues to add branches and is looking at the metaverse. Business models are changing, as is Jason’s drinking vessel to a red solo cup. Solo GPs (General Partner) are on the rise, what does that mean? Spray and pray, will there be a flurry of funding and innovation?

The thirst-quenching episode ends with a view of the future and discussion on untapped markets, you’ll need to listen to hear what’s been identified. You’ll find Jason at SXSW, grab him for a beverage and look at your digital roadmap 7 to 10 years out, bring sneakers and a water bottle!

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