BIGcast An Important Part of a Balanced Fintech Strategy
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Dec 3, 2024 Blesson Abraham, Co-founder and CEO of Aviary AI, and Danial Jameel, Founder and CEO of Saris AI, dive into the transformative role of AI within fintech. They discuss how their companies are enhancing financial services for institutions, improving member engagement, and increasing operational efficiency. The conversation reveals unique insights from the VentureTech conference, highlighting the importance of consumer education and the shift toward B2B models in financial technology. Expect some entertaining anecdotes and a sneak peek into the future of AI in finance!
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Misguided Credit Card Choices
- Many credit card users unknowingly prioritize rewards over interest rates, leading to financial losses.
- A significant portion of cardholders pay more in interest and fees than they earn in rewards.
Choosing the Right Credit Card
- Use a credit card comparison site that prioritizes payment behavior and dollar-for-dollar comparisons.
- Consider lower APR credit union cards, especially if you sometimes carry a balance.
Credit Cards and Cereal
- Joe Gracia compares selecting a credit card to choosing cereal in a grocery store, where flashy rewards are like prizes in cereal boxes.
- He suggests providing clear, dollar-for-dollar comparisons like nutritional labels to help consumers make informed decisions.
