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!
In honor of Native American Heritage Month and Day (11/25) we have an incredible episode hosted by Amber Buker and Jason Henrichs. First, Amber speaks with Dawson Her Many Horses, SVP & Head of Native American Banking about Wells Fargo’s new report on Indian Country’s Once-In-a-Seven Generation Opportunity. Wells Fargo is a leading provider of capital for the native american and Alaska native markets banking 4 out of 10 federally recognized tribes in the US, equating to roughly $3B in credit commitments and $3.9 billion in deposits. Incredible but often invisible opportunities exist to partner with tribal economies.
Then Jason sits down with Amber to talk about what inspired her to start Totem. You need only listen to the founding story and Amber’s interest in aligning opportunities with mission to understand. What better way to help others than by starting an identity-focused bank! Totem, a truly mission driven company, supporter and advocate for native culture with a goal to create pathways to financial inclusion for Native Americans through digital banking — closing gaps in service in this market, taking friction out of the system and creating value. Banking by and for Native Americans, the fastest growing racial demographic on the 2020 census (160% population jump vs. 2010).
Yakoke (Thanks in Choctaw) for listening, enjoy the episode!