The #1 global fintech radio show and podcast. Every week we explore the personalities, startups, innovators, and industry players driving disruption in financial services; from Incumbents to unicorns, and from the latest cutting edge technology to the people who are using it to help to create a more innovative, inclusive and healthy financial future.
Episode 470: Dystopian vs. Utopian
Host Jason Henrichs kicks today's episode off with song — it's not to be missed and neither are the conversations with Michael Kitces, Nerd's Eye View and then Theodora Lau, Unconventional Ventures. The markets are a bit frightful and there is strain on individuals and financial service providers. Our guests address the role of technology and empathy.
Michael covers the role tech plays in financial planning. Much has been said of robo-advisors but there are parts of the process and the trusted advisor relationship that can't be digitized. Tech makes you efficient but advice delivery, expertise and deep financial advisor relationships can't be automated. Tech doesn't supplant the human, it augments the human relationship, the right combination changing individual trajectories.
Money is emotional and current situations have people stressed. Theo addresses empathy. People need help managing money; many don't have the right data, tools to take action, and lack discipline. Debt is going up and, with record inflation, savings are dwindling. A recent Tik Tok trend shows younger generations budgeting the way the Greatest Generation did...a.k.a. the envelope method. How do we help people understand implications before it's too late? We need to keep learning, Tech and empathy-- opposite ends of the spectrum -- are they at odds?
Episode 469: Seven Generations of Economic Opportunity
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!
Episode 468: Rapping Up M20/20 ’22
The party goes on....or does it? Are we back to normal before things went crazy? Jason kicks this episode off with a conversation with Jason Mikula, Fintech Business Weekly. They dive into one of JH's favorite topics....interchange! Listen as The Jasons discuss payments, rewards, mobile wallets and the rise of commerce players (Walmart and Amazon) becoming more fintech focused with what they do.
Then JP connects with Nick Chandi, CEO and Co-Founder, Forward AI created to solve SMB cash flow problems. It's difficult for small businesses to share their accounting data with banks and other financial players to speed access to secure financing. Forward AI’s API enables SMBs to connect in an easy way to share data and bridges a gap for financial institutions, lenders and other fintechs to help SMBs stay financially healthy.
Episode 467: Improving Access to the Global Economy
This week JP Nicols continues exploring the risks and opportunities in the global economy and how to balance fraud and friction with these live recordings from Money 20/20 in Las Vegas.
We start in Latin America, with Sergio Almageur. Founder and CEO of Yaydoo, which simplifies finance with its B2B payment automation tools and helps small businesses manage invoices, payables, receivables, and cross-border payments.
Then we connect with Misha Esipov from Nova Credit and discuss how they’re addressing the challenges of immigrants and expats getting credit in the U.S. Listen to learn how to unlock opportunities for those historically excluded from the credit system and companies looking to serve them, and how Nova Credit recently partnered with HSBC to provide the bank with global access to its cross-border credit data product.
Episode 466: New Paradigms for Fintech Investing & The Good Future
If you want to play the game, learn the players. Listen as Amber Buker records live from the MoneyPot podcast booth at M20/20 with Kelsey Weaver, a Founder, Investor, Bank Board Member and Philanthropist, and Siya Vansia, SVP, Chief Brand and Innovation Officer, ConnectOne Bank. The OG Fintech Girl Gang members share insights on what fintechs need to do as investment dollars tighten and how bank investors are creating new paradigms that recognize value is not the same as valuation.
Then, futurist and humanist Gerd Leonard joins Brett King and Robert Tercek to talk about a positive future, one that is inclusive, sustainable and purpose driven. What kind of world do we want? As talk turns to putting things in action and global perspectives, they cover tech & reboots, regulation, NFTs and crypto.
Episode 465: Balancing Friction and Fraud in the Global Economy
Everyone talks about reducing friction, but could there be too much of a good thing? New research shows that in processes like account opening making it too easy actually reduce’s the customer’s confidence. Today’s theme is about balancing fraud and friction in the global economy… in identity verification, onboarding, payments, payroll, and more. First JP Nicols talks with Michael Ramsbacker, Chief Product Officer from Trulioo, then Eynat Guez, Cofounder and CEO of Papaya Global joins the show.These are the first of several interviews from Money 20/20 in Las Vegas, where we’re recording live. In coming shows you’ll hear more interviews from Jason Henrichs. Amber Buker, and Chloe James with other experts and entrepreneurs.
Breaking Banks has quickly become a favorite in my feed! I'm consistently impressed by the engaging conversations, insightful content, and actionable ideas. I truly learn something every time I listen!
Brett, host of the Break Banks podcast, highlights all aspects of innovation and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
Empowering, insightful and actionable! 🔥
Whether you’re well established as someone innovating in the world of banking and fintech, or just getting started as a catalyst for change within your organization - this is a must-listen podcast for you! Brett does an incredible job leading conversations that cover a huge breadth of topics related to the ins and outs of successfully navigating an ever changing banking landscape - from leaders who’ve actually walked the path. Highly recommend listening and subscribing!