Disrupt the Banks!
summary
Claims that three forces—mobile phones as continuous identity sensors, cloud-based machine learning on mobile footprints, and pennies-cost, real-time money movement enable new lenders and payers. One company trains models on thousands of loans across Philippines Mexico Colombia, spins off an identity/KYC product now piloted by regulators, and reports banks adopting the algorithm. Payments infrastructure vendor buys a bank license and invests hundreds of millions to offer real-time issuing and acquiring. Tech can cut frontier-market consumer rates from 100–200% down toward 30–40%.
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chapters (8)
- 0:00Introduction and panel
- 1:41The rise of fintech
- 6:15Bank transformation
- 10:23Business models
- 14:53Role of regulation
- 20:56Geographic opportunities
- 29:04Consumer impact
- 32:37Company evolution
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