American Monetary Association

Jason Hartman is joined today by Chris Skinner, Chairman at the Financial Services Club and founder of Finanser. Chris has authored the books: Digital Bank: Strategies to Launch or Become a Digital Bank, Digital Human: The Fourth Revolution of Humanity Includes Everyone, and Doing Digital: Lessons from Leaders. Jason and Chris talk about the future and the role that technology plays in it, or the lack of a role for humankind. This tech-talk touches on modern banking technology, how to start a bank with $50k. Lastly, robotics and philosophy. What is our purpose when work is in the hands of robots?  Key Takeaways: [2:15] Banks have been challenged technologically because they have not updated their systems [4:00] Antiquated banking systems are often referred to as spaghetti structures that need updates recently forced by COVID-19. [5:30] Big banks are too big to fail. [8:00] What makes Stripe such a standout business regarding FinTech Companies? [12:30] Everyday living is in the new hip and cool bank.  [13:45]