Fresh from our post conference hiatus, we are back, producing fresh content and sharing some of the more pertinent moments from our stages! And now we are weekly and global!

During the Money 20/20 conference, there was a lot of chatter about stablecoins and Facebook's Calibra project and we couldn't wait to share with you some of the insights.
First, you will hear from Shamir Karkal's (Founder, Sila) presentation, “3 Predictions and a Bet “, about why a project like Calibra is necessary, inevitable and finally, possible!
Next, you hear from a panel with Rachel Mayer (Director of Product, Circle) and John Muller (Head of Legal, Calibra) about why stablecoins are edging out earlier cryptocurrencies and how they can disrupt the problems more than they disrupt the whole system. They also outline the early goals of the Libra Association and the Calibra project.
And lastly, we give you a taste of the mainstage session with Money 20/20’s Scarlett Sieber and David Marcus, (Head of Facebook Messenger. the Head of the controversial and exciting Calibra project at Facebook. David explains why Facebook is the organization to take on a project this size, and why trusting Facebook isn't the real question.

We hope you enjoy a taste of the conference and we will return with a regular episode next week!

Challenger Banks have been on the move. Often cited as a sector with tremendous potential, they have shaken up how the industry views banking. This week, we learn about Grasshopper Bank, a Challenger Bank that is challenging the business models of Challenger Banks by getting its own bank charter rather than partnership. Also the first charter for an all digital bank, this venture bank is itself a startup venture. Prepare to have your beliefs challenged and the status quo upended in this episode.

Guest: Judith Erwin, CEO, Grasshopper Bank\]

Hosts: Scarlett Sieber and Sanjib Kalita

Producers: Roland Bodenham and Rachel Morrissey

Challenger Banks have been on the move. Often cited as a sector with tremendous potential, they have shaken up how the industry views banking. This week, we learn about Grasshopper Bank, a Challenger Bank that is challenging the business models of Challenger Banks by getting its own bank charter rather than partnership. Also the first charter for an all digital bank, this venture bank is itself a startup venture. Prepare to have your beliefs challenged and the status quo upended in this episode.

Guest: Judith Erwin, CEO, Grasshopper Bank\]

Hosts: Scarlett Sieber and Sanjib Kalita

Producers: Roland Bodenham and Rachel Morrissey

Will the next financial crisis be a cyber security crisis? 2018 and 2019 have been banner years for cyber hackers. In August 2019 alone, over 114.6 million financial records were leaked in 95 breaches around the world. As we continue to increase the amount of business and banking on our mobile devices, our data becomes more tempting to cyber terrorists, rogue nation states, or hacker collectives, like blood in the water for a shark. While we might think we are safely on the boat, in reality, the sharks have gotten larger and can take down bigger boats, like in the movie ‘Jaws’.

In this episode we speak to Alissa Knight, a senior analyst with Aite Group, and a self described “white hat” in the cyber security wars. She has recently done a study of over 30 financial services apps around the globe- ranging from very large banks to smaller fintechs- and found profound vulnerabilities throughout the entire industry. She walks us through some of the reasons for it and teases some possible solutions, but the bottom line is- we are gonna need a bigger boat.

Hosts: Sanjib Kalita and Scarlett Sieber
Guest: Alissa Knight, Senior Analyst, Aite Group
Producers: Rachel Morrissey and Roland Bodenham

Will the next financial crisis be a cyber security crisis? 2018 and 2019 have been banner years for cyber hackers. In August 2019 alone, over 114.6 million financial records were leaked in 95 breaches around the world. As we continue to increase the amount of business and banking on our mobile devices, our data becomes more tempting to cyber terrorists, rogue nation states, or hacker collectives, like blood in the water for a shark. While we might think we are safely on the boat, in reality, the sharks have gotten larger and can take down bigger boats, like in the movie ‘Jaws’.

In this episode we speak to Alissa Knight, a senior analyst with Aite Group, and a self described “white hat” in the cyber security wars. She has recently done a study of over 30 financial services apps around the globe- ranging from very large banks to smaller fintechs- and found profound vulnerabilities throughout the entire industry. She walks us through some of the reasons for it and teases some possible solutions, but the bottom line is- we are gonna need a bigger boat.

Hosts: Sanjib Kalita and Scarlett Sieber
Guest: Alissa Knight, Senior Analyst, Aite Group
Producers: Rachel Morrissey and Roland Bodenham

Where does game changing innovation come from? While standard practice uses customer surveys to incrementally improve existing products and services, true customer centricity is understanding what drives your customer’s behaviors, and helping them in ways they can’t imagine. To stay that one step ahead, it is time to look outside banking at what other disciplines have to offer. Expanding the talent pool and getting input from people with a fresh view and who aren’t burdened by the status quo can make you aware of questions that you may have never thought to ask.

It is time to look outside the vault.

Hosts:  Sanjib Kalita, Scarlett Sieber

Guest:  Melissa Eggleston, Chief Deposit Officer,  NBKC 
Susie Kim, Co-Founder &CXO,  Pluto Money

Producers:  Rachel Morrissey and Roland Bodenham

Where does game changing innovation come from? While standard practice uses customer surveys to incrementally improveme existing products and services, true customer centricity is understanding what drives your customer’s behaviors, and helping them in ways they can’t imagine. To stay that one step ahead, it is time to look outside banking at what other disciplines have to offer. Expanding the talent pool and getting input from people with a fresh view and who aren’t burdened by the status quo can make you aware of questions that you may have never thought to ask.

It is time to look outside the vault.

Hosts:  Sanjib Kalita, Scarlett Sieber

Guest:  Melissa Eggleston, Chief Deposit Officer,  NBKC 
Susie Kim, Co-Founder &CXO,  Pluto Money

Producers:  Rachel Morrissey and Roland Bodenham

In Fintech, there are several technologies, such as blockchain, AI, cloud and quantum computing, with the potential for disruptive change. Each in isolation has tremendous potential, but together, they can be revolutionary. As they mature, use cases could grow, and they could help solve many of the most important issues facing us today.

Today, on The Moneypot, Sanjib Kalita and Scarlett Sieber talk to Marwan Forzley about the current and future states of blockchain and cryptocurrency. They will also compare the history of its growth to other technologies that have had more time and investment.

Hosts: Sanjib Kalita, Scarlett Sieber
Guest: Marwan Forzley, CEO and Founder of Veem
Producers: Rachel Morrissey, Roland Bodenham

In Fintech, there are several technologies, such as blockchain, AI, cloud and quantum computing, with the potential for disruptive change. Each in isolation has tremendous potential, but together, they can be revolutionary. As they mature, use cases could grow, and they could help solve many of the most important issues facing us today.

Today, on The Moneypot, Sanjib Kalita and Scarlett Sieber talk to Marwan Forzley about the current and future states of blockchain and cryptocurrency. They will also compare the history of its growth to other technologies that have had more time and investment.

Hosts: Sanjib Kalita, Scarlett Sieber
Guest: Marwan Forzley, CEO and Founder of Veem
Producers: Rachel Morrissey, Roland Bodenham

When you board a train on the London Tube, there is a very polite recording that reminds you to “mind the gap”. “Mind the gap” so you don’t trip, so you don’t get your foot caught, so you will get onboard safely, quickly, and get to your destination.

Well in fintech, we need to start minding the trust gap. When a customer downloads an app and the verification fails, a third of them walk away because it is too much trouble. That is the number that keeps UX architects up at night. 33% of customers who have already downloaded the app walk away because the verification and onboarding process feels like an interrogation rather than an invitation.

But, it isn’t that simple, right? Banks and Fintechs need to be more careful than the average app. With KYC requirements, they can’t just hope people are whom they say they are. In the last few years, fraudulent account openings has been the top strategy of cyber thieves and consumers lost more than $16 billion due to fraud and identity theft. Banks and Fintechs straddle an almost impossible line, meeting customers demands for both a hassle-free and safe onboarding experience that works seamlessly in their lives.

So what strategies can banks and fintechs use to strike the proper balance between security and ease? Scarlett Sieber and Sanjib Kalita share the insights from Rodger Desai, CEO of Payfone, and Jason Wilk, CEO of Dave to answer how financial institutions can help Mind the Trust Gap. 

Producers: Roland Bodenham, Rachel Morrissey
Hosts: Sanjib Kalita, Scarlett Sieber
Guests: Rodger Desai, CEO of Payfone, Jason Wilk, CEO of Dave