Episode 464: Second Wave BaaS & “Deep Tech”

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!

A boutique bank with a big vision! Seattle Bank’s Josh Williams, EVP Chief Banking Officer and Head of Partnerships speaks with Jason Henrichs about Seattle Bank’s forward-leaning approach and how they are leveraging tech to guide BaaS partnerships. Call it BaaS’ second era, they talk about the next iteration of BaaS, embedded finance, and what banks have to get right if they want to compete in the space. Seattle Bank is keeping its eye on the puck and where it’s going as they continue to solve client and market problems.

Then, “Deep Tech” is transforming every industry. Tricia Martinez, Managing Director Techstars, Industries of the Future Accelerator
covers Deep Tech. What is Deep Tech? Tech that addresses deep engineering and science driven problems such as AI, biotech, quantum
computing…tech with potential to revolutionize industry and problems our world is up against. As an example we connect with Spiky.ai’s Co-Founder Furkan Eris. Spiky.ai powers and increases the engagement of forward thinking companies with the goal to use data to empower everyone. Trust and human connection is so important in financial services, as things go more digital, how do you ensure effective communication, improve management and assessment, and make the most of your team, with the goal to get the best out of everyone? Forward-thinking tech!