Name: Catherine Porter on why generative AI is hot and why regtech is cold
Uploaded: 2023-11-02T14:01:44.636Z
Duration: 204.87
Description: What’s hot and what’s cold in fintech? We spoke to financial institutions, fintechs, and innovation experts at FinovateFall to understand what they’re most excited about. This time, we hear from Catherine Porter, Chief Buisness Officer, Tilia.

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{{00:00:10}}
Hot.

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And I think it's because, again, we're
looking at user generating content to

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push the bounds of our digital economies.

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We need more creators making
beautiful content, exciting

{{00:00:22}}
content, inspiring content.

{{00:00:24}}
So generative AI is...

{{00:00:27}}
Another step in scale in that kind
of content that helps advance user

{{00:00:31}}
generated content and its economy.

{{00:00:40}}
Mid, and I really just think it's
because I'm bullish on it in the future.

{{00:00:44}}
I think that it will require a number
of advances in hardware and then

{{00:00:49}}
the platforms that serve a scalable
hardware experience, a wearable

{{00:00:54}}
experience, an environment experience.

{{00:00:57}}
The adoption of that I think is the
first hurdle, and once we pass that with

{{00:01:02}}
something that's rather easy for consumers
to understand and to adopt, then I think

{{00:01:07}}
the world is open for the metaverse.

{{00:01:17}}
Uh, I love what it does for helping
businesses find more consumers.

{{00:01:22}}
I don't love what it does in regressive
interest rates for consumers who

{{00:01:26}}
don't really understand, um, how that
is incurring, uh, expense for them.

{{00:01:39}}
Means so many different things.

{{00:01:41}}
So if you're talking about embedded
finance, where the technologies are

{{00:01:45}}
really about shipping transactions
at scale and making them low cost

{{00:01:50}}
and making those instantaneous
and global, then I'm all about it.

{{00:01:54}}
Hot.

{{00:02:01}}
Hot in the long term?

{{00:02:02}}
Um, I think that blockchain technology,
you just heard me say, that is embedded,

{{00:02:07}}
if I define it by being systems that
allow for instantaneous scale and increase

{{00:02:13}}
profitability for everyone involved.

{{00:02:15}}
Then I really do believe
in the power of blockchain.

{{00:02:18}}
Um, I think there are a number of
consumer and regulatory hurdles for

{{00:02:21}}
us to cross before that's a reality.

{{00:02:29}}
Well, anytime we are being innovative
with regulation, I'm all about it.

{{00:02:33}}
Uh, I haven't seen anything yet.

{{00:02:36}}
That truly excites me, um, but I hope
that we see more innovation in this space.

{{00:02:49}}
Hot, if it means that we're scaling
FinTech, we're scaling transactions

{{00:02:54}}
globally and instantaneously and
low cost, then sure, I'm hot.

{{00:03:04}}
Hot, and because I believe that Our
banking system needs to be incredibly

{{00:03:10}}
easy for all consumers, so any advances
that we're making for ease of use

{{00:03:14}}
of digital spending and thriving in
the digital economy, I am all for.

And I think it's because, again, we're
looking at user generating content to

push the bounds of our digital economies.

We need more creators making
beautiful content, exciting

Another step in scale in that kind
of content that helps advance user

Mid, and I really just think it's
because I'm bullish on it in the future.

I think that it will require a number
of advances in hardware and then

the platforms that serve a scalable
hardware experience, a wearable

The adoption of that I think is the
first hurdle, and once we pass that with

something that's rather easy for consumers
to understand and to adopt, then I think

Uh, I love what it does for helping
businesses find more consumers.

I don't love what it does in regressive
interest rates for consumers who

don't really understand, um, how that
is incurring, uh, expense for them.

So if you're talking about embedded
finance, where the technologies are

really about shipping transactions
at scale and making them low cost

and making those instantaneous
and global, then I'm all about it.

Um, I think that blockchain technology,
you just heard me say, that is embedded,

if I define it by being systems that
allow for instantaneous scale and increase

Then I really do believe
in the power of blockchain.

Um, I think there are a number of
consumer and regulatory hurdles for

Well, anytime we are being innovative
with regulation, I'm all about it.

That truly excites me, um, but I hope
that we see more innovation in this space.

Hot, if it means that we're scaling
FinTech, we're scaling transactions

globally and instantaneously and
low cost, then sure, I'm hot.

Hot, and because I believe that Our
banking system needs to be incredibly

easy for all consumers, so any advances
that we're making for ease of use

of digital spending and thriving in
the digital economy, I am all for.

FinovateFall

Trend

What’s hot and what’s cold in fintech? We spoke to financial institutions, fintechs, and innovation experts at FinovateFall to understand what they’re most excited about. This time, we hear from Catherine Porter, Chief Buisness Officer, Tilia. 