Financial fairness
summary
Company built a peer‑to‑peer money transfer system after noticing banks hide FX spreads that can be ~£500 on every £10,000, now moving 750 million dollars every month and putting one million dollars back to consumers pockets every day by cutting hidden fees; separate trading venture builds an exchange that intentionally delays orders with a 38 mile coil causing a third of a millisecond delay to see all market moves first, already handling ~2% of the US stock market while seeking SEC approval and navigating state licensing and regulatory pushback.
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chapters (14)
- 0:00Introduction to FinTech fairness
- 1:10Hidden bank fees frustration
- 2:12Starting a stock exchange
- 3:36Nine founders and challenges
- 5:01Tech replacing banking systems
- 6:24Why banks don’t fix fees
- 7:47Regulatory hurdles in FinTech
- 9:09Coil technology for fair trading
- 10:54Transparency in financial services
- 12:42FinTech regulation in US vs Europe
- 14:09US market focus for FinTech
- 14:31Will FinTech disrupt banks
- 16:17Future of transparent finance
- 17:01Advice for entrepreneurs
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