This Week in Fintech's Podcast đ§The Fintech OG Series Season Two: Michael Tannenbaum and Nicky Goulimis
22 snips
Nov 13, 2024 Michael Tannenbaum, CEO of Figure and a seasoned fintech leader, joins Nicky Goulimis, co-founder of Nova Credit and TunicPay, for an engaging discussion. They hilariously dissect parenting challenges during the pandemic while sharing insights from their journeys in fintech. Tannenbaum and Goulimis explore the innovative strides in credit scoring and the promising future of cryptocurrency payments. They also touch on the growing role of AI in combating fraud, underscoring the delicate balance between innovation and consumer protection in financial services.
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Episode notes
Startup Pitch White Whale
- Nikki shared a startup story where she scrambled over a weekend to finish a market opportunity deck for SoFi to secure investment.
- Despite the effort, the deal didn't close, becoming her white whale and a memorable experience in fintech pitching.
Real-Time Payments Lag in U.S.
- Real-time payments have advanced rapidly in countries like India and Brazil but remain slow in the U.S.
- Open banking adoption lags expectations despite its promise to enable real-time, account-to-account payments.
Fintech Shifts Share, Not Costs
- Fintech has shifted market share but not fundamentally reduced core financial service costs or fees for consumers.
- Payments fees remain steady despite fintech innovations, showing technology doesnât always lower consumer costs.
