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Cosmos with Ethan Buchman | E138

Ep. 138

In this 138th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Ethan Buchman, Co-Founder of Cosmos and CEO of Informal Systems. Cosmos is one of the largest blockchains and one of the most valuable cryptocurrencies in the world, of which Ethan Buchman was an integral part of creating. 


Episode Highlights: 

● 00:32 – Ethan Buchman explains Cosmos. 

● 02:53 – What is Ethan Buchman’s history? 

● 09:20 – What is the differences between and proof of work and proof of stake? 

● 10:10 – Which countries consumed less power than bitcoin? 

● 11:09 – Where else can you go besides bitcoin to maximize options? 

● 12:00 – They discuss public and private blockchains. 

● 16:06 – Where are the limitations with authurium? 

● 25:24 – What does Informal Systems do? 

● 35:01 – What would Ethan Buchman change in his business or industry? 

● 35:49 – What have been the biggest challenges Ethan has faced? 

● 36:50 – What keeps Ethan Buchman excited each day about his work? 


3 Key Points 

1. Blockchain is the evolution of automating human processes, moving from personal computers, to the cloud, and now to the multi-stakeholder operation. 

2. In 2019, bitcoin consumed more power than Switzerland. 

3. Reducing compliance is an important use case in the blockchain world. 


Tweetable Quotes: 

● “We want to make it as easy as possible for people to build their own blockchains, launch their own blockchains, structure them in the ways that they need to that fit their needs and fit their values, and the values of their community.” – Ethan Buchman 

● “In 2013 I programmed my first bitcoin transaction from scratch, which is almost like a religious experience to be able to do that.” – Ethan Buchman 

● “The public blockchain becomes this source of truth that you can audit against without necessarily revealing all the information to the whole world. The boutry between public and private becomes significantly blurred .” – Ethan Buchman 


Resources Mentioned: 

● Facebook – Jason Pereira’s Facebook 

● LinkedIn – Jason Pereira’s LinkedIn 

● FintechImpact.co – Website for Fintech Impact 

● JasonPereira.ca – Sign up for Jason Pereira’s newsletter 

● Linkedin – Ethan Buchman

● cosmos.network – Website for Cosmos 

● informal.systems – Website for Informal Systems

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7/13/2021

Wise with Nick Catino | E182

Ep. 182
Host Jason Pereira talks to Nick Catino, Head of Policy and Campaigns with Wise. It is a London-based financial technology company founded in January 2011 by Estonians Kristo Käärmann and Taavet Hinrikus. In today’s episode, Nick talks about consumer-facing products used by banks and businesses.Episode Highlights:0.38: Nick says Wise is a global payment technology company giving the best way to move money worldwide used by people who travel, live, and work internationally.3.08: Jason asks Nick about the origin of the company, how it came to be? Nick points out Wise was founded in 2011 as Transfer wise in London.3.10: It has two co-founders Kristo Kaamann and Taavet Hinrikus.4.01: The company’s idea came from the analysis that consumers are getting ripped off to send abroad, and it is so central to our mission today trying the payments more transparent.5.30: Nick says living and leisure is focused on pricing across portal payments. 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7/6/2021

Whatifi with Jon Cowley | E181

Ep. 181
In today’s episode, Jason talks to Jon Cowley, founder of Whatifi. It is a visual financial planning software and tool that helps people think through various scenarios in different methodologies than people are accustomed to.Episode Highlights:1.00: Jon says Whatifi is a highly visual low code financial scenario builder and projection platform, making it easy for professionals to visually create, calculate, present and share multiple financial scenarios to their clients.1.46: Jon doesn’t come from a Fintech background; instead, he runs a VFX company. He has created some of the coolest movies and also some of the biggest duds. A lot of these are leveraging technology workflows for Jon.3.03: Jason points out that most people think spreadsheets are developed for users, but very few people think about using presentation devices.3.48: Considering the fundamental problems, Jon had built a software that connects all the logics and events.04.01: Because each step is separate, it is very easy to follow along with the history. Utilizing this simple concept as base, Jon thought, why can’t he apply the same logic in Finance? Whatifi uses the same algorithm and calculates all accounting data.05.13: So far, Jason has not seen any such concept in the Finance Industry. He says that spreadsheets exist for most financial planning software. He appreciates and says that “What Whatifi has done is very simple and logical.”06.41: Jon shares excellent real-live scenarios where Whatifi’s algorithm can be used.07.02: No, thing in our system is just a number, they are the whole set of metadata that is wrapped around, that allows downstream things to adjust accordingly.08.00: Jon talks about building a roadmap so that every single day the starting point is accurate.09.14: Jon points out the importance of planning goals.09.40: Every day at Whatifi Jon’s team updates the baseline to see how they are progressing.11.52: Jon shares Whatifi’s top 3 value propositions. First is with this framework, you can build scenarios far more quickly than the tools currently available. The second is the ultimate scenario. The third is Visualization.13.23: Jason says it is not the Visualization, but the Causality is very transparent.14.01: People who are indecisive and analytical are going to love Whatifi’s tool.15.07: Jason says so many tools are niche at this moment.17.19: Whatifi is the most unique decision-making software that Jason has seen so far. He is curious to know about the responses that Jon has received so far.18.35: Jon says that advisors really like the concept of Whatifi.20.53: Jon shares, “While we have calculation engine, we also have trigger roadmaps.”23.30: Jon would like to see more collaboration between FinTech.25.09: For Jon, the biggest challenge is that they are outsiders who are entering the Fintech world.3 Key Points:Jason asks about Jon’s history and how he came across the idea to launch Whatifi.Listeners learn that nothing in our system is just a number; they are a whole set of metadata.Whatifi is a calculation engine, and we are using it to build scenarios for people, says Jon.Tweetable Quotes:“Metadata gets modified day to day and passed down for calculations.”- Jon Cowley“No, thing in our system is just a number.” - Jon Cowley“There has always been a black box aspect to Financial Planning software.” - Jason Pereira“At the end of the day, it is all math.” - Jason PereiraResources Mentioned:LinkedIn - WhatifiLinkedIn- Jon CowleyWhatifi - WebsiteFacebook– Jason Pereira’s FacebookLinkedIn– Jason Pereira’s LinkedInWoodgate.com– SponsorPodcast Editing
6/29/2021

Infosys with Dennis Gada | E180

Ep. 180
Host Jason Pereira talks to Dennis Gada, Senior Vice President and Industry Head for Financial Service for Infosys. 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It helps our clients to be successful and helps their end clients manage financial life better.3 Key Points:Dennis talks about his career journey. He has been associated with Infosys for about sixteen years, and Infosys financial business has been growing significantly over the years.Dennis says digitization was not possible unless there was a new technology intervention that we have brought in; it was the automation of loan process, using AI for underwriting, using machine learning for collections, extracting information from documents so that things can be updated at a much faster rate.Jason explains, “How the countries that are still developing tend to have new and better infrastructure that can help them to adapt to the technological changes what is happening currently.”Tweetable Quotes:“Transformation of experience means a transformation of the process itself” – Dennis Gada“Digitization was not possible unless there was a new technology intervention.” – Dennis Gada“Firms have been forced to drive change at such a rapid pace that decision making has been so much quicker and adopt new technology has been so ramping.” – Dennis Gada“These days, discussions in financial service firms are much more about what is the next wave of digital transformation.” – Dennis GadaResources Mentioned:LinkedIn- Dennis Gada’s LinkedInFacebook– Jason Pereira’s FacebookLinkedIn– Jason Pereira’s LinkedInWoodgate.com– SponsorLinkedIn– Jason Pereira’s LinkedInPodcast Editing