In This Episode

What happens when two financial futurists get together? They chat about money of the future and related topics worthy of debate.

This week, host Brett King connects with Chris Skinner, author, influencer, The Finanser blogger, and advisor to leading organizations, governments and firms across the world to talk about Chris' new book, Intelligent Money, due out this summer. Lots of great banter and thought provoking discussion as they look at cross border payments, smart wallets / super wallets that act as an agent on your behalf, embedded intelligent financial services and payments, and of course AI, to name just a few of the topics they get into. What's your vision for Main Street 2034? Is the need for growth at the heart of some of our problems? Enjoy the debate!

Read the entire transcript here.

Podcast Content:

Chapter 1: [00:00] Welcome to Breaking Banks

Hosts Brett King and Jason Henricks introduce the show and discuss its mission to explore innovations in financial services. They welcome regular guest Chris Skinner, a leading fintech thinker.

Chapter 2: [04:30] The Evolution of Payments

Chris Skinner and Brett King discuss the future of payments, predicting the rise of AI-driven "super wallets" and the eventual obsolescence of traditional financial tools like credit cards and cash.

Chapter 3: [12:45] Centralized vs. Decentralized Systems

A deep dive into centralized and decentralized finance structures, touching on the friction between cryptocurrencies, stablecoins, and central bank digital currencies.

Chapter 4: [20:15] The Future of Identity and Security

The conversation turns to digital identities and their role in payments, healthcare, and government services. The hosts debate the feasibility of self-sovereign identity models.

Chapter 5: [30:00] Borderless Finance and Migration

Chris Skinner examines the intersection of global finance, migration, and technology, highlighting how digital wallets empower displaced populations and digital nomads alike.

Chapter 6: [40:10] AI and the Changing Face of Banking

The discussion shifts to how AI reshapes banking, turning institutions into algorithmic entities. Trust, the role of branches, and the generational shift in financial behavior are analyzed.

Chapter 7: [50:00] The Ethics and Economics of AI

A philosophical debate on AI's impact on jobs, universal basic income (UBI), and the potential for capitalism to adapt to a world dominated by automation.

Chapter 8: [01:00:15] Reimagining Money and Society

Brett and Chris speculate about new economic systems and the role of technology in creating equitable and sustainable societies, touching on ideas like techno-socialism.

Chapter 9: [01:10:00] Preview of Chris Skinner's New Book

Chris shares insights from his upcoming book Intelligent Money, which explores embedded AI in finance and its transformative potential.

Chapter 10: [01:15:30] Closing Thoughts and Future Episodes

The hosts wrap up with reflections on the discussion and preview future episodes of Breaking Banks and their collaborative podcast Beyond Banking.

Related Content:

Episode 238: The Bankers' Bookshelf: Intelligent Money

Digital Wallets: Exploding Or Blowing Up?

Bitcoin: Hope or Hype?

Are Mobile Wallets On The Horizon Or Somewhere Over The Rainbow?

Episode 560: Killing It: Ohad Samet on Reimagining Debt Collection

https://youtu.be/DC03x1pySWg