Are banks preparing for defaults on auto, credit cards, etc? Jason Hartman brings you financial updates across the US.
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?
Join Us Live: LiveStreaming: Tonight! July 15 @8PM.EDT
Meet The Masters Virtual: July 31 – August 2
Guests: Ken McElroy, Sharon Lechter, Harry Dent, George Gammon, Sean Carroll
[1:30] Has COVID-19 brought an end to helicopter parenting?
[6:15] The banks are stockpiling money. What does this mean?
[14:00] The tax bill that we thought lowered people’s taxes will substantially increase people’s taxes. Find out how with George Gammon.
[17:15] Banks have been challenged technologically because they have not updated their systems
[19:00] Antiquated banking systems are often referred to as spaghetti structures that need updates recently forced by COVID-19.
[19:30] Big banks are too big to fail.
[22:00] What makes Stripe such a standout business regarding FinTech Companies?
[27:30] Everyday living is in the new hip and cool bank.
[28:45] Can anyone launch a digital bank?
[32:00] Switching gears to robotics and technology in the future.
[35:00] There have been two significant behavioral shifts immediately since this lockdown.
[38:00] On robotics and essential work, what happens when people no longer need to work?