

Fintech Predictions for the Not-So-Distant Future, with Frank Rotman
17 snips Jan 3, 2024
Frank Rotman, Chief Investment Officer at QED Investors, discusses long-term predictions for the fintech industry. Topics include the impact of AI on the stock market, restructure of financial institutions' costs, modernization of intrabank settlement process, and the potential of stablecoins in money movement.
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Stock Market Overhaul
- The stock market needs an overhaul due to AI-driven trading and disinformation.
- Retail investors are at a disadvantage against AI bots and disinformation campaigns.
Restructuring Costs
- Financial institutions will restructure their cost structures due to AI.
- AI will replace many jobs currently held by people, leading to cost savings.
Nubank's Digital Success
- Nubank, a digital challenger bank in Brazil, demonstrates the success of a digital-only infrastructure.
- It efficiently offers products customers want, unlike traditional banks with high overhead and many unused products.