Balancing Innovation and Community: Reagan Bonlie on Nudge Money In this episode of The Next Next, Jason Jacobs speaks with Reagan Bonlie, co-founder and CEO of Nudge Money. They discuss how Nudge Money, a financial wellness platform, uses AI to help credit unions better understand and serve their members, particularly focusing on community development and personalized financial advice. Reagan shares insights from his extensive background at JPMorgan Chase and the journey of pivoting Nudge Money's business model. They also delve into the challenges and opportunities in integrating AI in the conservative and highly regulated credit union sector, emphasizing that the technology must add real value without disrupting the human-centric mission of credit unions.

00:00 Introduction to Reagan Bonlie and Nudge Money

00:26 The Role of AI in Nudge Money

00:52 Challenges and Opportunities with Credit Unions

01:46 Reagan's Passion for Community Development

02:54 Introduction to The Next Next Show

03:34 Reagan's Journey from JPMorgan to Nudge Money

04:17 Nudge Money's Mission and Approach

04:58 Reagan's Entrepreneurial Background

05:47 The Genesis of Nudge Money

08:23 Challenges in the Financial Wellness Space

09:44 Pivoting to Work with Credit Unions

13:07 Understanding Credit Union Needs

17:43 Building and Iterating the Product

25:03 Leveraging AI in Product Development

27:12 Navigating Industry Challenges and Opportunities

28:56 Balancing Compliance and Innovation

30:25 Leveraging AI for Efficiency

32:20 Market Perceptions and Realities

36:42 Strategic Growth and Community Impact

42:11 Funding and Capitalization Strategies

45:28 Long-Term Vision and Success Metrics

49:31 Final Thoughts and Contact Information

S7E6 The One with the Nap Partners