FinTech
summary
Panel claims an engineering path to financial inclusion: an open protocol Stellar as TCP/IP for money that supports microtransactions and global interoperability, plus products that cut fees and friction — TransferWise ~10x cheaper and Funding Circle pricing small‑business credit via marketplace lending (now a top four net lender in the UK). Surprising magnitudes recur: remittances ~$500B/year and a 5% fee drop saves ~$16B. Regulation, KYC and local trust models are practical hurdles; design choices prioritize low per‑transaction cost, transparency and verifiable financial history.
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chapters (17)
- 0:00Joyce Kim
- 3:30Savings Account
- 5:15Payments
- 7:00Credit
- 17:20Trust
- 18:29Price
- 22:51Trust between entities
- 24:43Regulation
- 27:50Regulatory battles
- 29:33Learning from banks
- 31:08Hiring from banks
- 32:37Banks focus on lending
- 34:43Banks are crosssell models
- 36:56The end of universal banking
- 39:29The emerging market
- 40:46Why London
- 42:49Favorite company
