In today's 250th episode we have guest host, Guy Anderson to interview Jason Pereira. Guy asks Jason what he has learned till now and where he is going from this point.

Episode Highlights

• 2.08: There are a lot of integrations in the US market, but Jason would actually refer to a lot of those integrations as borderline superficial.
• 3.25: As per Jason there are a couple of ways to look at big trends. We can contrast the US market versus elsewhere because in US market everybody got baseline technology.
• 4.35: If you went too far and just focused on digitizing and optimizing your process without focusing on how you can provide deeper, greater value to a client, you didn't do yourself a service in that regard, says Jason.
• 5.24: In the developing markets, Jason is seeing a lot of unique and interesting ways of trying to get more people access to financial services, which is enormously important.
• 8.40: The longer you depend on a system the more likely you are to depend on it for a longer period of time, says Jason.
• 9.23: One of the single biggest bottlenecks with old systems is the inability to get the data open and out and then put into something elsewhere.
• 11.28: Netflix and all that were big examples of technology uptake during COVID where people were using streaming systems. Jason explains whether he saw an uptake in Fintech adoption during COVID or not. 
• 16.54: Flow charts technology to basically make a decision or to basically confirm that the planning solution you make is solid, that is foundationally found fantastic nudge.
• 21.55: To monetize open banking, they're going to figure out a way to monetize it through the companies that are giving it to you, which is going to basically come back to you through fees, says Jason.
• 23.31: When Jason started four and half years ago, Fintech was new term and we were in a big hype cycle at the time and he was seeing solutions left, right and center, novel things and different ideas but that's slowed down because the industry had hit maturity plateau at this point.
• 28.33: Jason sees a world where money or decisions with money are going to be minute and the challenge is that this is a cognitive burden on humanity. 
• 31.45: Google basically gives you every financial service for free and monetizing out the data and that should be scared to every sector of finance. 

3 Key Points

• Jason talks about the challenges that he has seen in the sector that perhaps are limiting the advance of some of the Fintech companies.  
• When it comes to how to digitally transform businesses, many institutions don't have internal people that can think at higher level and nor the incentives designed to do that, says Jason.
• In Canada Jason had released the paper on open banking framework and when he started reading it, he stopped reading it very quickly because timeline set out was completely unrealistic.

Tweetable Quotes

• "There is a lack of surprisingly digital on-boarding systems that exist in any country." – Jason
• "There is no way that we are going to meet the demand for developers in the future." – Jason
• "It's hard to teach an old dog new tricks sometimes." - Jason

Resources Mentioned

• Facebook – Jason Pereira's Facebook
• LinkedIn – Jason Pereira's LinkedIn
• Woodgate.com – Sponsor

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