ncet tech bite | dusty wunderlich, fintech | nov 2016

Fintech: The Integration of Technology & Finance

Context: The Worlds Money and Markets

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks… will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered….

The issuing Power Should be taken from the banks and restored to the people, to whom it properly belongs.

-Thomas Jefferson

Banking's Identity Crisis

Consumer Confidence in Banking is at a 30-Year Low

2008 Housing Crisis 2016 Wells Fargo Scandal

Who loves their bank like an Apple iPhone or new pair of Nikes? No One.

How Did We Get Here?

The Fractional Reserve Banking Fallacy

Fiat “Monopoly Money” Currency

The Story of Monopoly Money

More Money = Less Value

Stretching Dollars

Stagnant Wages + Higher Costs

Perils of Productivity

Business Consolidation Declining Business Investment Nationalized Marketplaces

Low Interest Money Used for Share Buybacks &

Dividends

Entrepreneurship down 50% since the 1970s

• Healthcare• Housing

• Education

Innovation Competition Income EqualityProductivity

The Currency & Trade Wars

Growing at All Costs

Runaway Inflation

Low Interest Rates & Low Returns

Decreasing interest rates creates increased demand. Increasing supply suppresses interest rates. Low interest rates lead to lower returns.

Financial Technology

Why Fintech Matters

Consumer Choice Ending Big Bank Monopolies

Efficiency Through Technology

Fintech is the culmination of technology, economic philosophy, and consumer freedom from financial institutions.

Blockchain

Blockchain: A public ledger of transactions. It is constantly growing as 'completed' blocks are added to it with a new set of recordings. AnonymousTransparent Efficient

Bitcoin and Blockchain Technology Explained

Tech Solutions to Bad Decisions

Fintech Today

Consumers Alternative Lending – leveraging new algorithms for better pricing.

Financial Management Programs – Easy-to-use apps to manage and track money.

Robo-Advisors – Machine-learning algorithms for high investment returns.

Sound Money –Safer transfers through transparent cryptocurrency.

Business Merchant Cash Advance & Factoring – Solutions for non-bankable businesses.

Payments Platforms – Easy-to-use payment platforms for merchants and consumers.

Alternative Lending – Expanding credit to viable consumers.

Fintech & A Better Economy

Democratizing Economies with a Healthier and Stable Global Marketplace Safe Money and Accurate Interest Rates

More Equitable and Broader Lending;

Increased Entrepreneurship and Innovation;

Fair and Free Trade;

Enhanced Competition & Productivity;

Increased Wages & Income Equality.

“Trust is a serious problem, we have to get to a new level of transparency – only through radical transparency will we get to radical new levels of trust.” -Marc Benioff, CEO Salesforce