Any Company Can Offer Financial Services

[@dlilchamp]

6 yrs in Fintech and I have never seen anyone articulate it so well. Bravo!

[@stanstarygin6622]

This should not be confused for an unbiased overview of the industry. This is a self-serving explanation based on what fintech wants, not on what the customer wants.

[@rodionpopkov9179]

I'm 10 years in fintech and never heard so clear story about where the fintech industry drives in

[@anupamshah7694]

Open source is going to be a game changer.

[@jim999-aaa]

Plaid( earnin, blend), synapse(Mercury, propel), Comply Advantage, SentiLink

[@juliawyckoff1845]

Brilliant discussion of a complex topic. Let's hope her vision of how this will turn out for consumers around the world comes true!!

[@imicca]

Great presentation! Interesting points that I wish there was slightly more detail about is "Why Americans live pay check to pay check"? I feel this is probably a different topic entirely but maybe fintech can solve the root of this problem ? As much as "layers of complexity" as a service is an amazing idea, I see this a potential disaster with chain-reaction that would destroy all new companies accessing these services. These services become commodity or even utility and whoever controls them, has immense power. I am not saying lets make our own well to get water and own electricity without big companies to "depend" on but eventually there will be either few or just 1 "amazon web services" type company that would source services to all who want to start startup. Unless there is some competition and easy to switch providers.

[@papasavvaselias2781]

Excellent Executive Summary. The future of thoughtful banking is indeed here.

[@jbtechcon7434]

Trust your finances to Facebook. What could go wrong?

[@mustavogaia2655]

What would happen if you had money on FB and you are block/suspended from FB for saying the wrong word? You lose your money?

[@jbtechcon7434]

@@mustavogaia2655 Good point. Who knows what they'd do? Governments seize funds from domestic terrorist groups, so I wouldn't put it past FB & co to decide anyone opposed to their agenda is a terrorist too.

[@mustavogaia2655]

@@jbtechcon7434 Remember the Patreon controversy?

[@1mauidude]

trust big banks or big tech firms? keep in mind, big banks are highly regulated; big tech firms, not at all, and they abuse your PII to maximize their profits.

[@jerrysstories711]

I had to admire your restraint, not blasting the people on this thread who somehow missed that you were being sarcastic.

[@jmzhang34]

Chinese internet companies are already doing it, Didi ( Chinese version of Uber), already has Didi pay, and Didi loan. You will see more American companies will offer their own credit card too.

[@venper6074]

Where does Stripe fit into the system

[@tyc00n]

so go to your countries wealthiest city and see who has the most logos on the biggest building and then copy them

[@aseprohmandarjuara2891]

Literasi keuangan lebih cepat berkembang daripada edukasi dan distribusi kekayaan uangnya kepada masyarakat global.

[@ownagejuice1394]

is the speaker affiliated with AWS?

[@amanarora9394]

I feel your analysis is a little biased

[@globalsmartinvestor937]

We Provided Financial Services

[@webuilt_america_period5062]

Great Talk

[@MyExpertAccountant]

Who's the speaker?

[@camronmiraftab6942]

Surprised A16z didn’t at least mention the financial services stack being built in the crypto/DeFi space here. These on demand services offered by these service providers will cease to exist and will be replaced by smart contracts

[@UxJoy]

Provided the adoption of these auto contracts takes off everywhere. Adoption plays a big role in disruption :)

[@josehazi]

Camron Miraftab agreed

[@Katana_00]

This is about serving people now. Folks need fast liquidity and a stable currency. If you have a crypto platform that has this, then make my day. Poor folk do not have tolerance for currency volatility.

[@J5L5M6]

Shemsu is correct. What's more, smart contracts on that wide use scale pretty much assumes the non existence of governments, at least in the West. Barring another financial meltdown (not impossible) we're still at least a decade away from this.

[@AdeelKhan1]

What's a good resource for learning more about smart contracts? Or should I take a more of a diy approach with eth?

[@moejoe8048]

What have I learned from this video - one word - “BLOCKCHAIN”

[@jenniferkim3718]

Great insights!

[@fantastikfanatic1900]

Yes like when a California plan got only 1% return over a period of 5 years.

[@rodlenepaul4978]

Please help democratize financial services for immigrants . Sign the petition.

[@tokhmi2006]

What’s wrong with not loving your bank? Why do we necessarily have to “love” them? Why can’t we accept banks as utilities - things we need and are okay with as long as they deliver with consistency. It’s not a coffee or a jeans or whatever that we have to LOVE. It’s a bloody bank. This whole stat that is always thrown around by VCs of % of people who don’t love their banks is just a useless metric. Like Angela, tell me, has the fact that you haven’t loved your bank actually meaningfully impacted your financial life in a negative way? I bet not.

[@Juliapak]

really great presentation

[@ApplicoInc]

While there is opportunity and value in modernizing existing infrastructure/services, as we saw with Visa's acquisition of Plaid, I think the true revolution for finance will be through P2P platforms. Some of the things we see at fintechs like Zopa go beyond just digitizing the infrastructure that's been around for years. We spoke with Former Group Chief Operating Officer at Standard Chartered Bank, Doris Honold, about this in October: kzbin.info/www/bejne/npTZe6mvpL9pf6s

[@platoscavealum902]

@9:48 Plaid... What’s Visa Going To Do With Plaid? www.forbes.com/sites/ronshevlin/2020/01/20/whats-visa-going-to-do-with-plaid/ January 20, 2020

[@platoscavealum902]

Applico, thank you for writing and posting your comment here. After watching a few of your videos - I subscribed to your KZbin channel.

[@ApplicoInc]

@@platoscavealum902 Thank you for subscribing Plato, would love to hear your thoughts as we continue to produce new content.

[@imicca]

Why disable likes/dislikes?

[@tyc00n]

so basically she is saying "leverage your merchant abilities and hope nobody shuts down your merchant abilities for x" x being gender bias or something ridiculous (competition) revealing the single point of failure of your main business while pursuing a fintech business

[@yuvarajj6948]

Great industrial analysis 👍😊

[@ivanhidalgo865]

Defi on Etherium anyone?

[@niku500]

what about banking license?

[@gregchristoph]

BaaS bro!

[@peki4072]

Buying MFACstocks on Monday,they just merge with BankMobile👍🏻👍🏻👍🏻💵💵💵🚀🚀🚀

[@yixe2253]

I don't trust any video with disabled like & dislike.

[@profemeritus534]

Shadow banking 2.0

[@krishnachythanya]

The “CONSUMERS” part is the biggest lie

[@atorbtech]

she's selling AWS :D

[@platoscavealum902]

👍 @9:48 Plaid...

[@platoscavealum902]

What’s Visa Going To Do With Plaid? www.forbes.com/sites/ronshevlin/2020/01/20/whats-visa-going-to-do-with-plaid/ January 20, 2020

[@MichaelMillerGR]

She forgot to mention stablecoins and blockchain. They remove the entire stack and give a new one designed for the internet.

[@weswest8666]

This comment didn’t age well

[@Jedry.s]

I dint do anything

[@sandpiperbf9767]

Kinda feel like this whole concept goes against the crypto dominance story. And already existing tech companies turned financial have major trust issues with their customers. So I find it hard to believe.

[@J5L5M6]

Many US based crypto companies are using these infrastructure as a service firms today. She is correct in her portrayal of how immensely difficult meeting the demands of markets or governments for regulatory/compliance, money transfer (cash to digital to crypto or the other direction) and of course fraud can be for the still very young crypto space.

[@mustavogaia2655]

Sincerely, if credit cards companies change a few lines of code on their servers,there would be no need fro crypto.

[@sandpiperbf9767]

@@mustavogaia2655 I don't think you know what you're talking about.

[@sandpiperbf9767]

security, privacy, accountability, decentralization, and economic efficiency are all things that can be achieved via cryprocurrency based finance. You will never see any of these traits fully realized in traditional financial institutions without wholesale adoption of the same kinds of technology.

[@sandpiperbf9767]

Also, as a follower of a16z, you really should understand that blockchain based solutions have a strong future and the potential to revolutionize a huge number of industries.

[@duncanmuriithi2486]

sounds like Bitcoin

[@TheSecularHumanist]

WTF is supplier? Calling service provider a supplier takes the mood out of watching this video.

[@teegreenburg]

The Dark Bank lol

[@TheMagicJIZZ]

The problem I have with These presentations is lmao they just aren't being blunt or direct. It's simply just a loan? Lmao like why not just say Google loans? The woman said financial loans? But that's just a race to margin being tight. Everyone is poor and this is just a way of saying loans application easier.

[@deepakchapagain1360]

Nothing new!!!

[@busimo]

and ur country is still 50 yrs behind