In this episode of Deciphered, Adam Davis, Associate Partner at Bain & Co, Bhavi Mehta Partner, Bain & Co, are joined by Sarah Hinkfuss, Partner, Bain Capital Ventures and CJ Przybyl, Co-founder and CEO, Reserv, to discuss how AI will impact fintech, whether or not it will level the competitive advantages of larger financial institutions, and just what this technology means the Financial Services industry.
Timestamps:
- 00:00 Introduction
- 06:57 AI & Fintech: Will this level the competitive advantage & playing field?
- 10:50 Why is generative AI such a game changer in this industry?
- 13:10 Is generative AI just another tech bubble?
- 15:32 What key ingredients do smaller vs bigger organisations need to benefit from AI?
- 22:04 Who will take the majority of the market share with AI services?
- 28:10 How difficult will it be for FIs to get their hands on data across multiple LLMs?
- 29:59 Use cases & funding
- 35:42 How will AI affect jobs in the future?
- 39:31 Ethical considerations & biases of AI
- 44:28 Implementation and execution of AI
- 46:30 Maintaining competitive advantage
- 50:30 Speed differences with utilising AI
- 51:52 Over the next 10 years, which unexpected ways will consumers use AI?
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