2021 Year in Review with Guest Host, Guy Anderson | E205
A recap of our 2021 seasons.
Today is the 2021 year in review show because that is what we do at this time of year, and Jason brought back his colleague and occasional guest host, Guy Anderson, to interview him on the course of events and what happened in the past year.
Episode Highlights:
00.42: This is our second year in review, and Jason has done over 200 podcasts now in the fintech space. No one in the country understands the Fintech landscape better than you, says Guy
03.22: Anderson says last year, with your podcast on open banking, you had no less than seven episodes on the topic, and you had a five-part miniseries at the beginning of the season, so if you could open a little bit on this.
04.08 Jason says that data tells other institutions about who it is you are. That data allows the current bank or financial institution to make decisions regarding services and products and other things that you can offer you.
06.10: We need to think about the ability to create technology that truly is client-centric in its focus, and to do that, we need to be able to access the data securely and effectively.
08.06 At the end of the day, consumers vote with their wallets in a truly open market without artificial obstacles to the open market.
10.52: Swift data is a platform for securely storing your data. With this, if you have open banking, you can store everything. You could technically leave it in the institution connecting institutions or can extract it and keep it yourself, says Jason.
16.16: Jason asks, where are the systems designed where the information gets pushed to us when there is an action to be done solely, and everything else becomes an automatic routine system in the background? That is Utopia.
20.38: Jason says holistiplan, a fantastic software, came on the scene couple of years ago. It takes up pdfs with a tax return, spits out a user-friendly report, let people know what’s going on with the tax return, and is also a helpful tool for demonstrating value and helping clients.
24.51: Microsoft working on HoloLens doesn’t even have monitors anymore. This is where they headsets and have monitors rendered in front of them.
26.49: There are some applications where AR makes sense and others where accounting numbers do not need to hover in space, says Guy.
28.31: The difference between fractional ownership and blockchain is that blockchain being divisible means that they have to take zero-risk by its nature.
30.08: When you think about your choices as an owner of a real estate property or your own home for accessing the capital within that property, it is minimal borrowing, says Jason.
31.22: Diversification can own fractional real estate worldwide, and it’s finally coming to markets and finally coming true, says the guy.
32.52: Guy asks, what podcast you planned in 2022 that you are looking forward to and what type of technologies or Fintech companies you are looking forward to interviewing next year?
35.00: Jason says that a lot of newer, smaller ones’ companies to talk in the first half of the year. We are packing one attractive value proposition of what advisors need to do. So those will be very interesting conversations about the value they’re bringing to the table for people.
3 Key Highlights
Guy asks Jason, you had a podcast with a company called Flinks, who are they, and who are some of the other prominent players in the open banking space?
People talk about as mass proliferated Bitcoin is. However, there is still friction and anything that reduces friction access for the common person or investment accounts or whatever it is, gets the rewards, says Jason.
NFT, Non-fungible tokens are proof of ownership of something on a blockchain. So, in theory, your house could be NFT, says Jason.
Tweetable Quotes
“In Swift data technically, the network verifies the data amongst itself and its validity. Theoretically, it is possible for something that we call disclosure list disclosure.” – Jason
“If you think about the unsecured way in which we transmit data now, versus a system that not only is super secure but also has the ability to verify without actual full disclosure and be trusted, that is game-changing.” - Jason
“Holistiplan technology is now far more accessible and far more accurate than standard things, especially the tax forms.” – Jason
“Blockchain itself is a core fundamental underlying technology piece of the Internet that was missing and something that will underpin so much architecture going forward.” – Jason
“The governments worldwide need to empower consumers, protect them, and encourage competition. The rates to our data should be enshrined into law.” – Jason
“We are all in here to serve as someone in this industry. If you are an advisor in the advisory space, stop acting like an employee and calling yourself an entrepreneur. Take control of your business, think of it as a business, do not be afraid of technology and work to create truly empowering experiences for consumers.” - Jason
Resources Mentioned:
Facebook – Jason Pereira’s Facebook
LinkedIn – Jason Pereira’s LinkedIn
Woodgate.com – Sponsor