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D1g1t with Dan Rosen (CEO) | E43

Ep. 43

Summary:

During the 43rd episode of the Fintech Impact podcast, Jason Pereira, award-winning financial planner, university lecturer, writer, sits with Dan Rosen, Co-founder and CEO of D1g1t. They discuss how D1g1t is improving the digital wealth managment side of advising. D1g1t is creating a tool that streamlines and desegments financial advising. The impact is huge.


Show Notes:

● :30—Introduction of Guest Dan Rosen, Co-founder and CEO of Digit.

● 1:00—Digit is a new digital wealth management platform.

● 2:16— Digit bridges the gap of lack of client-facing tools.

● 4:20—The tool doesn ́t replace advisors but instead add value to the current human advisor.

● 6:25— Of the three most important life questions, two of them are purely financial.

● 9:00— Dan ́s experiential background from chemical engineering to alchemy. He shares how he arrived where he is today.

● 13:30—The UI and UX of Digit is equal to none. It is a revolutionary product.

● 14:47— If you find a true need, people will tell you what their painpoints are. All you need to do is listen.

● 18:15— Digit allows financial advisors to have everything in one place. historically, the advising data and information is fragmented.

● 19:20— Digits allows advisors to streamline and make their processes easier.

● 20:00— The advisor claims that if they have the Digits platform they will take higher targets.

● 21:10—Understanding your household is can make a huge impact on your planning.

● 25:10— Automated solutions will fail in market volatility situations. Clients still need to talk to an advisor to figure out changes in portfolio.

● 27:18— Financial education is still an important pillar to make the tool successful.

● 28:40— Clients need to see your value.

● 29:25— Clients need to know the context of the overall goal.

● 34:30—No one builds something on their own. It is all about the team.

● 37:10—Our tools have a direct impact on people, and that is a huge change in the industry.

● 38:26— Dan gets excited about hte power of math has to change people ́s lives.


3 Key Points:

1. D1g1t is a digital wealth management tool having a huge impact on the FInancial Advisng industry.

2. The tool allow clients and advisors to see all the analytics and client information in one place. For a largely segmneted industry, this has a huge impact.

3. The tool isn ́t replacing advisors but rather allowing them to streamline their processes and hit higher targets.


Tweetable Quotes:

- “No one builds something on their own. It is all about the team.” –Dan.

- “I think financial advisors are going to provide much, much better service and tools to

their clients when using analytics, and using good analytics, but not using analytics blindly.” – Dan.

- “I look at the look at everything we do in life is being part of Mac the math, you know, the recorder I'm on right now. They tend to be a watch tonight. It's, you know, once you appreciate that, it's everything comes back to the numbers.” – Jason.


Resources Mentioned:

● The Fintech Impact

●Itunes to access the podcast

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

● Woodgate Financial

●Dan Rosen

●D1g1ts


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2/11/2020

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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
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Utrust with Filipe Castro (CIO) | E106

Ep. 106
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