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Responsive AI with Davyd Wachell (CEO) | EP27

Ep. 27

In this 27th episode of the Fintech Impact podcast, Jason Pereira interviews Davyde Wachell, a Stanford graduate in artificial intelligence and the CEO of Responsive AI. 


●   01:26 – The integral trust of clients comes from: service excellence and actionable insights. 

●   02:30 – Davyde studied AI before it became overwhelmingly popular. 

●   03:20 – Responsive AI identifies through aspects of who the client is or where they are in their life, that could be acted on to help both the client themselves and the enterprise serving the client.

●   08:50 – Davyde believes that Canadian institutions and culture have a specific way of looking at innovation, which Is very consensus-driven 

●   11:16 – 2017 and 2018 were the years of “fake news.”

●   17:25 – How do you make sure people live up to the policy?

●   18:41 – The future for the company is to see how wealth management can add value for clients and financial advisors. 

●   20:14 – Process automation and AI create the chance to create better outcomes and push away tasks that slow down the workflow. 

●   21:25 – Human beings using AI tools will outperform raw AI and raw human beings. 

●   26:17 – Davyde foresees that the AI hype will calm down in the next three years and people will realize transfer learning and complex heterogeneous problems aren’t easily solved with AI.


3 Key Points:

1. The integral trust of clients comes from: service excellence and actionable insights. 

2. Responsive AI technology is only for wealth management serving mass affluent and high net worth clients. 

3. Humans that use AI tools will outperform raw AI and raw humans. 


Tweetable Quotes:

-   “Those of us tracking wealth tech know that digital is a big story, and it’s expected to reach $4.6 trillion by 2022.” – Davyde Wachell. 

-   “Wealth is built on trust. And our clients will trust us when we serve them well and they feel taken care of, and when they trust our judgement.” – Davyde Wachell.

-   “What our AI looks at is identifying through aspects of who the client is or where they are in their life, that could be acted on to help both the client themselves and the enterprise serving the client.” – Davyde Wachell. 


 

Resources Mentioned:

LinkedIn – Jason Pereira’s LinkedIn

Facebook – Jason Pereira’s Facebook

Woodgate Financial – Website for Woodgate Financial

Davyde Wachell – LinkedIn for Davyde Wachell

Responsive AI – Website for Responsive AI

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2/11/2020

ConnectionPoint with Daryl Hatton (CEO) | E108

Ep. 108
Summary:In this 108th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host welcomes Daryl Hatton, Founder and CEO of Connection Point, to talk about Connection Point’s crowdfunding model, some major successes challenges the platform has faced, the psychology behind philanthropy, and more.Episode Highlights:● 00:35: – Connection Point is a social commerce company that helps people crowdfund money for personal and professional/non-profit organizations.● 02:50: – Connection Point began as a fundraising site for unregistered and non-charitable non-profits like children’s sports teams.● 05:25: – They were one of the 30 companies included in Facebook’s beta for the Timeline feature to know how it worked ahead of time.● 06:20: – The site allows companies and groups to use their own branding on their funding campaigns.● 07:10: – The site includes technology called Coco Pay to allow companies to help potential customers crowd fund to purchase their product. For example, individuals with mobility issues crowd-funding to purchase a bike.● 13:10: – The platform has now had to prevent defendants in violent crimes from fundraising for their legal defense due to the negative pushback from the community.● 14:45: – The platform can be used to collect subscription or membership payments from supporters.● 17:52: – It is free to begin using Connection Point and even to fundraise (less transaction fees, which no one can avoid) and optional to add a “tip” to each transaction for the platform.● 20:53: – University of California used the platform to raise over $3 million to fund a study into the human microbiome.● 22:50: – Another group funded several projects at Burning Man.● 24:18: – If Daryl could change one thing it would be for people to take a broader view of what crowdfunding can be and be used for beyond the GoFundMe model.● 29:00: – If you can see the impact of your donation, you’re more likely to give again.● 30:22: – The biggest challenge has been funding and finding investors.● 31:50: – What Daryl finds most exciting is the cumulative impact that Connection Point can have.● 32:42: The platform has raised $160 million for over 200,000 projects in over 40 countries so far.3 Key Points1. Connection Point expands how people think about crowdfunding and its potential usecases.2. Millennials are more philanthropic than we give them credit for.3. Small donations on small projects can make a huge cumulative impact on the world.Tweetable Quotes:● “I think it should be all about my customer and their brand experience, not mine. I’m not trying to push my Indiegogo and Kickstarter brand, I’m trying to say hey, what’s your product?” –Daryl Hatton● “One of the things we’re looking at is how do we make philanthropy more of an entertaining experience? Because the feelings we get from giving are very similar to the feelings we get when we consume entertainment, like a movie.” –Daryl Hatton● “Good natured people are a platform” – Daryl HattonResources Mentioned:● Website – Jason Pereira’s● Facebook – Jason Pereira’s● LinkedIn – Jason Pereira’s● FintechImpact.co – Website● Connection Point website – https://connectionpoint.com/● Fundrazr website – https://fundrazr.com/● Community website -● Daryl Hatton Twitter – https://twitter.com/darylhatton● Daryl Hatton Linkedin – https://www.linkedin.com/in/darylhattonFull Transcript
2/4/2020

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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