Tech seems to drive our lives these days. We can't do anything without some sort of device in our hand, at our fingertips, and even on our faces. But what does the tech industry actually do? 

Fran Racioppi asks Sultan Meghji for his opinion on all things tech. Sultan was the first Chief Innovation Officer at the Federal Deposit Insurance Corporation, he's a Scholar at the Carnegie Endowment for International Peace, a Fellow at the George Mason National Security Institute, a Member of the Bretton Woods Committee, and currently a Professor in the graduate programs at Duke University's Pratt Engineering School teaching AI, Web3 & Cybersecurity.

They cover how FINTECH changed the banking industry and why Sultan’s four innovation themes of Inclusion, Resilience, Amplification and Future are critical to implementing sustainable technology solutions in any business. Plus they cover how technology is being used in America’s peer-to-peer competition with China. 

Learn more about him on LinkedIn and Twitter @sultanmeghji.

Read the full episode transcription here and learn more on The Jedburgh Podcast Website. Subscribe to us and follow @jedburghpodcast on all social media. Watch the full video version on YouTube.

Highlights:

• 0:00 Welcome to Washington, DC
• 5:00 What is tech and the technology revolution
• 10:19 Leading technology at FDIC
• 21:51 How FINTECH has advanced the banking industry
• 27:53 Sultan’s Four Innovation Themes: #1 Inclusion
• 30:38 #2 Resilience
• 35:13 #3 Amplification
• 37:32 #4 Future
• 40:27 How technology will enable competition with China 
• 56:11 The status of cybersecurity in America
• 1:01:07 Banking competition
• 1:04:53 The next big tech innovation
• 1:06:49 Three Foundations

Quotes: 

• “We use tech and technology as a placeholder relative to how the caveman first had tools.” (5:24) 
• “I fundamentally believe that humans plus technology are a different species than humans without technology.” (5:49)
• “We’ve started removing people from the processes of our civilization.” (5:32)
• “Starbucks would be a multi-hundred billion dollar bank if you just thought about the app as a bank.” (13:06)
• “Anybody who says they can predict the future has no idea what they’re doing.” (37:36)
• “I want the United States to continue to be the backbone of the global financial system.” (39:10)
• “By the time we get to 2040-2050, all the telecommunications infrastructure globally will be Chinese.” (45:08)
• “It’s always in cyber going to be easier to be an offensive actor than a defensive actor.” (58:11)

Sultan’s Three Daily Foundations to Success:

• Get really good sleep
• Learn something new and meaningful
• Do something to get tired

This episode is brought to you by Jersey Mike’s,  18A Fitness & Compass Workforce Solutions