Fintech Layer Cake cover image

Fintech Layer Cake

Public’s COO Stephen Sikes Talks Rising Rate Effects and New Products

Dec 7, 2023
The podcast explores the effects of rising interest rates on retail investor behavior and Public's innovative product strategy. They discuss the importance of providing market context and a wide range of investable assets. The differences between fixed income funds and individual bonds are explored, highlighting the risks associated with bond funds. The influence of interest rates on retail investors and strategies for aligning incentives are discussed. The importance of trust and long-term commitment in the business model, especially for younger customers, is emphasized. The significance of ongoing conversations about AI in the Fintech industry is highlighted.
57:01

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Quick takeaways

  • Retail investors are diversifying portfolios towards fixed income assets due to rising interest rates.
  • Public has launched a mobile-first retail bond trading platform with a user-friendly screener and limit order functionality.

Deep dives

Helping retail investors invest and providing market context

Public focuses on helping retail investors by providing them with the best context on the markets. They gather interesting information like news, market data, and editorial content to help investors make informed decisions. Additionally, they aim to build a broad platform of investable assets, including stocks, ETFs, crypto, alternatives, royalties, cash flow generating assets, fixed income, and corporate bonds.

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