AI and the Future of Money: Stephen Wolfram

Today, we are honored to be joined by Stephen Wolfram, a legend in Silicon Valley, and a genius in the computing space.  We are talking to him about AI, and all the amazing things that are happening in Artificial Intelligence and Machine Learning, and how that will affect the future of money, finance, and the ethical discussions we need to be having to plan for it.
Stephen Wolfram is the creator of Mathematica, Wolfram|Alpha and the Wolfram Language; the author of A New Kind of Science; and the founder and CEO of Wolfram Research. Over the course of nearly four decades, he has been a pioneer in the development and application of computational thinking—and has been responsible for many discoveries, inventions and innovations in science, technology and business.

Born in London in 1959, Wolfram was educated at Eton, Oxford and Caltech. He published his first scientific paper at the age of 15, and had received his PhD in theoretical physics from Caltech by the age of 20. Wolfram’s early scientific work was mainly in high-energy physics, quantum field theory and cosmology, and included several now-classic results.

And we will also be joined by the Temenos team- Duena Blomstrom and Ben Robinson, who talk to us about their new Temenos MarketPlace. And Penny Crosman from American Banker joins.

AI & Fintech: Solutions and Challenges

There is no question that AI presents exciting new solutions and happy additions to our lives. But in order for us to truly take advantage and prepare for a future when cars are not privately owned and are self-driving, energy is green, abundant, and cheap, and robots replace workers at a dramatic rate, changing the nature of work forever. To talk about this future and how fundamental “fintech” principles are to it, Brett is hosting thought leaders – JoAnn Barefoot of Barefoot Innovation, Greg Cross of Soulmachines, and Tony Seba, Author of “Clean Disruption of Energy and Transportation”

Innovate Finance Global Summit 2017

Innovate Finance Global Summit has become a must attend event in the world of FinTech. This year was no exception, and Breaking Banks teamed with the Innovate Finance Team to create an episode that brings you some of the important thinking that was presented at the conference.
Brett took time away from his presentation and his judging the Pitch 360 event that Innovate Finance has started to highlight Fintech Startups and spoke with some of the main presenters of the conference.
Dave Birch joins to host. Guests include Ruth Wandhofer, Global Head of Regulatory at Citi; Mike Blalock, General Manager of Intel FSI; Poppy Gustafsson, EMEA CEO of Darktrace; Will Beeson, CEO of Civilised Bank and host of ReBank Podcast; Paul Taylor, CEO of Thought Machine; and Kosta Peric from the Bill & Melinda Gates Foundation.

Fintech Hub: #BankingReimagined

Starling bank in the UK is building from scratch.  But unlike other neo-banks, Starling sees it’s future as a hub of financial products, but not necessarily the generator of every product.   They are making a series of important and innovative partnerships to provide the best services fintech can offer with the security that a bank can offer.

Today, Brett is talking with Starling’s CEO and Founder Anne Boden , creator of the Digital Banking Report Jim Marous, and Penny Crosman of American Banker.   And we are asking- What if banks reimagined themselves as fintech hubs?

Fintechs & Banks: Tips for Partnership

Today, we are in the offices of American Banker in NYC and we are discussing different strategies that banks and fintechs can use to create viable and strong partnerships.
Brett hosts with Marc Hochstein and Penny Crosman from AB. Derek Corcoran of Avoka is here to discuss the State of Digital Sales in Banking report, and how banks have embraced digital marketing, but are having problems translating that experience into digital sales.
And we have a special guest, Randy Pennington, the author of “Results Rule” and “Make Change Work” and who advises on building cultures that endure, adapt, and foster positive disruption.

The Financial Diaries and Fintech

Do you have $400 in case of emergency?  When the Fed announced a study revealing that most American’s don’t have $400 in case of emergency, it changed the way that we think about the status of the middle class and the struggles that many people are having with their financial life.   Today, Brett King talks to Rachel Schneider, SVP of Center of Financial Services Innovation, about her new book The Financial Diaries: How American Families Cope in a World of Uncertainty.   This book is based on the US Financial Diaries Study conducted by CFSI and NYU Wagner Graduate School of Public Service.

Also, we get to talk instant payments with CEO of Push Payments, Travis Dulaney about the architecture and marketing of “real time payments’ and Push Payments open API which offers 1.8 second transactional speed.   And we talk with Mary Wisniewski from American Banker about the nuances of data aggregation in lending, and how it could change the ethics and ideas behind determining credit scores forever.

Innovations in Lending at LendIt2017

This week, Brett and Breaking Banks were onstage with Antony Jenkins, CEO of 10x Future Technologies at the LendIt conference in NY!
While we were at the conference, we decided to talk to some others that were making new waves in the lending space. We talked to Brock Blake, CEO of Lendio about their new “franchising” model to expand their reach in the US. We caught up with Christoph Reiche, CEO of iwoca about the affects of Brexit on the lending space for small business through the EU, and what kinds of data are proving useful to create new lending models. We chatted about the ideas of debt rehabilitation with Ohad Samet, from TrueAccord, and how machine learning and AI can help people fix their credit situations. Of course we talked with Peter Renton, who created the conference, and we wrap up by catching up with John Owens and Emmanuel Daniel!
It was a full day at a great event! We want to thank the LendIt conference, Metro Multimedia, and all our guests!

Bitcoin: ETF and ICO

Bitcoin is soaring. After 18 months of steady growth, it’s value is $1275, and only looks to be growing. As today’s guest, Brock Pierce, puts it- it is GOLD 2.0.

But in 9 days, the SEC will decide whether to approve the Winklevoss twins filing of a Bitcoin ETF (Exchange Traded Fund). Whether it is approved, and others like it can follow, could slow the growth, or send it catapulting. Today, Brock Pierce and Spencer Bogart of Blockchain Capital join to discuss all the elements of the ETF and their new Initial Coin Offering (ICO) which could democratize venture capital in surprising ways.

Also, we have Steve Cocheo from Banking Exchange on to talk about the proposed national Fintech charter, what that could mean for banking, and why there is opposition from state governments in the US.

Fintech Helping the Refugee Crisis

There are 65 Million refugees in the world.  That is 10% of the global population that had to flee war and drought, leaving behind homes, businesses and assets.  In the long term, these people need financial services that allow them to rebuild credit, get banking services, pay for things and become parts of the economies where they are now.

Today, Brett King, Marc Hochstein of American Banker, and Peter Renton, Founder of LendIt Academy, talk about the upcoming Digital Identity Crisis Webinar, The LendIt Conference at the Javits Center in NYC, and the proposed Fintech Charter and what that can mean for changes in banking in the US.

Sam Maule takes the helm in the second half, and talks to Zeina Shuhaibar from the IRC, Ashish Gadnis, Founder/CEO of BanQu Inc., and Aneesh Varma, Founder of Aire (Credit scores for humanity @AireScore) to talk about fintech solutions to help refugees regain some economic stability and contribute to the economies of their new domiciles. And we encourage everyone to help!  (check out #Techfugees and #Codetoinspire)

Fintech and MPESA: What Mobile Money Means

MPESA, the Swahili word for money, is Kenya’s mobile money system developed by Safaricom.   It has literally transformed the ability for people to work, save, pay for everything from groceries, bills, rents, and everything else.  Kenya reports that use of MPESA has helped to lift 186,000 families out of poverty.  That is nearly 2% of the entire population.  And it has helped wealth grow across the board, helping to develop a stronger middle class.

Today, we tell the story of MPESA, and how it came to partner with banks, particularly KCB,  to give all people access to banking services, to easy movement of their money, increasing their ability to save and build wealth in their lives.

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