Kevin Cohee, CEO of OneUnited Bank, discusses the banking sector trends, economic optimism, and the significance of Juneteenth. Topics include technological advancements, partnerships, minority depository institutions, innovative banking products, and the importance of financial literacy for societal advancement.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Artificial intelligence drives growth in banking sector, highlighting new business opportunities.
Juneteenth signifies progress in ending slavery and underscores the importance of financial literacy education.
Deep dives
Economic Opportunity and Technological Advancements
The current business environment offers unprecedented growth opportunities, especially driven by technology. Artificial intelligence is highlighted as a game-changer, creating new business prospects and ways to prosper. The collaboration with major corporations like Google, PayPal, and Netflix showcases the vast potential for growth in today's society.
Community Banking Evolution towards Technology
One United Bank's shift towards a technology-driven banking model underscores the importance of digital presence and convenience for consumers. The transition from traditional community-focused branches to digital platforms reflects changing expectations and product offerings in the banking industry. Innovative products like WISE demonstrate a shift towards technology-driven solutions that facilitate financial growth and empowerment.
Juneteenth as a Symbol of Progress and Financial Literacy Advocacy
Juneteenth is celebrated as a federal holiday symbolizing America's decision to end slavery, marking a monumental societal advancement. The discussion extends to the importance of addressing financial literacy as a key societal challenge, emphasizing the need for education to bridge divisions based on economic knowledge. Making financial literacy a mandatory high school graduation requirement is proposed as a crucial step towards a financially empowered society.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Kevin Cohee, CEO of OneUnited Bank, discusses the banking industry and the monetization of Juneteenth. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.