Name: Upcoming Trends - Embedding Community Values
Uploaded: 2023-11-15T18:28:59.715Z
Duration: 148.28
Description: Our FinTech Founders mini series explores various aspects on Upcoming Trends and how to build values for a new digital vision. This brief video features first-hand learnings and insights from fintech entrepreneurs and founders including Kathleen Craig, Plinqit; Chase Neinken, Chimney; Michael Duncan, Bankjoy.

FF10 UPCOMING TRENDS.mp4

FF10 UPCOMING TRENDS.vtt

ENGLISH

{{00:00:00}}
What's hot

{{00:00:08}}
right now is AI.

{{00:00:10}}
We are actually doing a session.

{{00:00:11}}
We have a keynote speaker coming in for
Association for Financial Technology

{{00:00:16}}
Conference, a Stanford professor on AI.

{{00:00:19}}
And he has some really interesting
things to say about AI and finance.

{{00:00:23}}
So I think that's hot right now.

{{00:00:25}}
But what, again, what I'd like to see
is that it's hot that we get back to

{{00:00:28}}
basics and really focusing on, folks,
especially right now in the time of

{{00:00:32}}
recession and inflated interest rates.

{{00:00:35}}
Really focusing on how we can help
people money is such a stressor for the

{{00:00:39}}
majority of people and I think we have a
really noble opportunity to help folks.

{{00:00:46}}
Everything's moving faster.

{{00:00:48}}
Everything's moving more connected.

{{00:00:50}}
Everything's getting to a place
where technology is enabling

{{00:00:52}}
so much of what previously had
taken weeks and months to do.

{{00:00:56}}
It's really building on those trends.

{{00:01:00}}
I think Jeff Bezos has a great
perspective which, what isn't going to

{{00:01:05}}
change, is what he likes to ask, right?

{{00:01:07}}
People are always going
to want convenience.

{{00:01:09}}
People are always going
to want things faster.

{{00:01:11}}
When we think about all the new
technologies and innovations that

{{00:01:14}}
are coming on the technical side, I
think there's great perspective in

{{00:01:17}}
thinking about what's also not going to
change, which I think the things around

{{00:01:20}}
speed, convenience, and ease of use
are always going to remain constant.

{{00:01:25}}
Yeah, the biggest thing is is especially
for community banks and credit unions is

{{00:01:29}}
that we've as an industry, the industry's
been so focused on building out the table

{{00:01:36}}
stakes features that are going to make...

{{00:01:38}}
I'm going to talk the larger FIs, but
have the industry as a whole has lost

{{00:01:43}}
sight of its community roots and the real
value that they used to deliver in the

{{00:01:48}}
branch as we move to digital and most
people are moving to mobile and digital

{{00:01:52}}
channels for convenience the future really
is about embedding those core community

{{00:01:58}}
root values into into digital and
helping people do things like understand

{{00:02:04}}
money better helping them develop
better personal financial wellness.

{{00:02:07}}
That's we have to get back to what makes
community based FIs really special and

{{00:02:12}}
that's really going to lead the way
this transformative value that we're

{{00:02:16}}
not seeing at a large scale today.

We have a keynote speaker coming in for
Association for Financial Technology

And he has some really interesting
things to say about AI and finance.

But what, again, what I'd like to see
is that it's hot that we get back to

basics and really focusing on, folks,
especially right now in the time of

Really focusing on how we can help
people money is such a stressor for the

majority of people and I think we have a
really noble opportunity to help folks.

Everything's getting to a place
where technology is enabling

so much of what previously had
taken weeks and months to do.

I think Jeff Bezos has a great
perspective which, what isn't going to

People are always going
to want convenience.

People are always going
to want things faster.

When we think about all the new
technologies and innovations that

are coming on the technical side, I
think there's great perspective in

thinking about what's also not going to
change, which I think the things around

speed, convenience, and ease of use
are always going to remain constant.

Yeah, the biggest thing is is especially
for community banks and credit unions is

that we've as an industry, the industry's
been so focused on building out the table

stakes features that are going to make...

I'm going to talk the larger FIs, but
have the industry as a whole has lost

sight of its community roots and the real
value that they used to deliver in the

branch as we move to digital and most
people are moving to mobile and digital

channels for convenience the future really
is about embedding those core community

root values into into digital and
helping people do things like understand

money better helping them develop
better personal financial wellness.

That's we have to get back to what makes
community based FIs really special and

that's really going to lead the way
this transformative value that we're

Fintech Founders

Trend

Our FinTech Founders mini series explores various aspects on Upcoming Trends and how to build values for a new digital vision.


This brief video features first-hand learnings and insights from fintech entrepreneurs and founders including Kathleen Craig, Plinqit; Chase Neinken, Chimney; Michael Duncan, Bankjoy.