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AI is going to revolutionize banking. Credit unions and banks are already being disrupted by fintechs, now AI is either going to accelerate their demise or give them a chance to leapfrog their disruptors. The choice is theirs.
In this episode, I (Derik Krauss) am joined by my co-founder, Ryan Harmon, to unpack how AI could disrupt UI-based fintechs and open up new opportunities for community banks and credit unions. We discuss The Innovator's Dilemma, the benefits of launching AI-first spinoffs, and how future financial institutions might operate without traditional mobile apps or online banking.
00:00 Introduction and Recap of Previous Episode
01:11 AI's Potential in Banking and Financial Institutions
03:53 The Innovator's Dilemma in Banking
05:59 The Shift from Physical Branches to Digital Banking
11:37 AI as the Next Disruptive Innovation
17:02 The Future of AI-Driven Financial Services
23:04 AI Integration in Everyday Life
29:50 The Role of AI in Financial Decision Making
31:35 Blockchain and AI: Revolutionizing Banking
33:25 AI-First Experience: The Future of User Interfaces
35:48 Cost Efficiency in AI-Driven Banking
39:08 OpenAI's App Store: A New Frontier
40:31 Challenges and Opportunities for Credit Unions
42:58 The Innovator's Dilemma: Embracing Disruptive Innovation
46:49 Launching Spinoffs: A Strategy for Transformation
49:00 The Future of Banking: AI-First Spinoffs
50:03 Legacy Institutions and Modern Challenges
01:00:35 The Role of Marketing in Credit Union Transformation
01:03:01 AI's Impact on the Banking Industry
01:05:47 Conclusion: Embracing AI for Future Success
Hosted on Ausha. See ausha.co/privacy-policy for more information.
By James Robert Lay5
2828 ratings
AI is going to revolutionize banking. Credit unions and banks are already being disrupted by fintechs, now AI is either going to accelerate their demise or give them a chance to leapfrog their disruptors. The choice is theirs.
In this episode, I (Derik Krauss) am joined by my co-founder, Ryan Harmon, to unpack how AI could disrupt UI-based fintechs and open up new opportunities for community banks and credit unions. We discuss The Innovator's Dilemma, the benefits of launching AI-first spinoffs, and how future financial institutions might operate without traditional mobile apps or online banking.
00:00 Introduction and Recap of Previous Episode
01:11 AI's Potential in Banking and Financial Institutions
03:53 The Innovator's Dilemma in Banking
05:59 The Shift from Physical Branches to Digital Banking
11:37 AI as the Next Disruptive Innovation
17:02 The Future of AI-Driven Financial Services
23:04 AI Integration in Everyday Life
29:50 The Role of AI in Financial Decision Making
31:35 Blockchain and AI: Revolutionizing Banking
33:25 AI-First Experience: The Future of User Interfaces
35:48 Cost Efficiency in AI-Driven Banking
39:08 OpenAI's App Store: A New Frontier
40:31 Challenges and Opportunities for Credit Unions
42:58 The Innovator's Dilemma: Embracing Disruptive Innovation
46:49 Launching Spinoffs: A Strategy for Transformation
49:00 The Future of Banking: AI-First Spinoffs
50:03 Legacy Institutions and Modern Challenges
01:00:35 The Role of Marketing in Credit Union Transformation
01:03:01 AI's Impact on the Banking Industry
01:05:47 Conclusion: Embracing AI for Future Success
Hosted on Ausha. See ausha.co/privacy-policy for more information.

1,368 Listeners