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Balance with George Bordianu (CEO) | E41

Ep. 41

Summary:

During the 41st episode of the Fintech Impact podcast, Jason Pereira, award-winning financial planner, university lecturer, writer, welcomes George Bordianu, Co-Founder of Balance. Balance is a cryptocurrency solution that allows people to invest and diversify their assets. Balance offers customers simplicity and ease while navigating the cryptocurrency. Jason and George delve into the intricacies of cryptocurrency and how Balance solves customer pain points.


Show Notes:

● 0:50—Introduction of guest George Bordianu, Balance.

● 1:00—Balance is the easiest way to invest in cryptocurrency.

● 2:55—Balance was born out of frustration.

● 4:40—There is no pool of money; there is clear distinction between each clients share.

● 6:17—With Balance, you can buy a diversified portfolio with one click.

● 7:24—People pay a little larger fee without having to worry about diversifying.

● 8:40—There is a finite set of finance business models but there is an infinite number of scams.

● 9:15—Unlike Robo-advising, Balance cannot talk about their risk. Balance exists just to provide access.

● 11:00—Balance doesn ́t make decisions for their clients.

● 12:39—Balance does all of the tech behind the scenes, but do not currently do rebalancing. Right now, rebalancing qualifies as advice.

● 15:30—George wanted to build something that he would be comfortable investing his own money.

● 16:10—Balance offers their customer solution to individuals as well as businesses.

● 17:50—Cold Storage means that your keys get stored offline. Your crypto is secure in this storage method. Some companies even go as far as holding paper copies.

● 20:10—Balance doesn't ́t charge for monetizing or transferring your money. It is transparent with their fees.

● 22:06—Balance provides cold storage for a charge.

● 23:00—Balance provides value for customers who choose to hold their crypto with them rather than monetizing.

● 24:00—George discusses the challenges of creating Balance. Many challenges are intertwined with regulation of the market.

● 27:20—Balance offers customers simplicity. In a complex market like cryptocurrency, simplicity is hard to find. The fee structure Balance offers is greater than their competitors.

● 30:20—George is excited by the personal aspect of building a solution for cryptocurrency.


3 Key Points:

1. Cryptocurrency can be very complex. Balance is a company that created the technology to make trading and diversifying in Cryptocurrency as easy as pressing a button.

2. Balance strictly provides the technology to make investi and ng easier, but they do not give advice in the field as it is unregulated.

3. Balance not only provides ease but also takes the non-transparent fees out of this service adding the most value for customers.


Tweetable Quotes:

-  ̈ We [Balance] went for pretty much anything [currencies] that is real value and stable enough and liquid so we can get out of the market when our clients want.” –George.

- “There is no pool of money. We maintain fully segregated wallets for each of our clients.” – George.

- “ We [Balance] are just here to provide access.” – George.


Resources Mentioned:

● The Fintech Impact

● Itunes to access the podcast

● Refer to Jason Pereira ́s Linkedin for Information about the Fintech events

● George Bordianu

● Woodgate Financial


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2/11/2020

ConnectionPoint with Daryl Hatton (CEO) | E108

Ep. 108
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Limelight Health with Garrett Viggers (Co-Founder) | E107

Ep. 107
Summary:In this 107th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Garrett Viggers. Co-Founder at Limelight Health, a company that is working to digitize the entire experience of insurance applications from start to finish. Garrett Viggers talks about how Limelight Health got started, obstacles in getting the industry to accept innovation, and not trying to be a one-stop solution for everything.Episode Highlights:● 00:08: – Check out JasonPereira.ca to sign up for the newsletter and notifications.● 00:51: – Garrett Viggers describes Limelight Health.● 02:07: – What really drove the foundation of Limelight Health?● 04:35: – How did his first experiences go with insurance companies trying to show them that there is a better way?● 11:16: – Limelight Health is not overextending itself to try to be a policy admin system, CRM, or an enrollment platform.● 11:54: – Are they running into the ‘one magic bullet solution’ syndrome in the insurance world?● 14:56: – It is important to understand the ecosystem.● 16:14: – What is causing the pushback from admins?● 18:12: – What have been the success stories?● 20:41: – The strategy to make things difficult is not a winning strategy.● 27:12: – Jason shares a common podcast saying, ‘The reason that fintech exists is because traditional carriers allowed it to exist.”● 33:21: – What would Garrett change in his business or his industry?● 36:40: – What has been the biggest challenge in his business?● 39:44: – What is the most exciting thing Garrett Viggers is working on?3 Key Points1. Streamlining down to one tech solution has negative effects such as increasing risk not getting a great solution and needs not being met.2. Getting broker admins to accept online enrollment instead of paper is of high value.3. You can’t build your experience for the naysayers who want to operate the way they did 20 years ago.Tweetable Quotes:● “We are really focused on new business renewals and making that a beautiful experience for group products & group carriers working with their distribution partners.” – Garrett Viggers● “We started with medical. We went from phone, iPad, to full desktop because the feedback was, ‘Hey, does it work on Internet Explorer 6?’ We were thinking, can you just use Google Chrome?’” – Garrett Viggers● “We realised that we have to solve the carrier’s problem so they can actually best serve their brokers.” – Garrett ViggersResources Mentioned:● Facebook – Jason Pereira’s● LinkedIn – Jason Pereira’s● FintechImpact.co – Website● JasonPereira.ca – Website● Linkedin –GarrettViggers● Limelight Health – WebsiteFull Transcript
1/28/2020

Utrust with Filipe Castro (CIO) | E106

Ep. 106
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