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12 results for “financial infrastructure”
Topic3 mentions across episodes
infrastructure
Concept2 mentions across episodes
financial infrastructure
in in, in wealth management, in payments, there's uses for this. And so definitely banks see a lot of options. Faster and cheaper. It's instant and it's free essentially. Yeah, I mean if you talk to like a money, a global money center bank, you know,
19:29 / 20:32
from transcript19:29 – 20:32
and could other governments around the world start adopting similar postures. Yep. The next one is similar, but a little bit different. Real time payment networks are starting to become a thing. The instant bank transfers that these provide are not e
3:25:29 / 3:26:35
from transcript3:25:29 – 3:26:35
be on the network that sends those payments. Right? Yes. Of course. The network has incredible value. But back to the brand and the marketing. So as all these other banks are considering whether to become franchisees of BankAmericard, and some of the
48:45 / 49:57
from transcript48:45 – 49:57
trafficking almost all of the consumer payments Yeah. Noncash payments in the You can't pay in cash at a Starbucks in Beijing. I know from personal experience. And we to happen that. There's a lot of questions about what is the monetization scheme th
36:00 / 37:01
from transcript36:00 – 37:01
that ultimately could serve up personalized prices. There was lots of issues we dealt with when it comes to fraud and identity theft. There were certainly issues when it comes to the shift of where money was being stored. Many people believed that th
36:45 / 37:45
from transcript36:45 – 37:45
the Brazilian central bank launched PIX, which is a twenty four seven instant payment system that's operated by the central bank, and that's just been an absolutely massive success. So today, over 90% of personal consumption expenditure has been digi
1:02:56 / 1:04:14
from transcript1:02:56 – 1:04:14
Great. By the way, that also allowed them to then inject money into the system and help finance their own spending as governments, but we'll get to all that later. So then from bank notes, it wasn't a big leap to checks, which the banks would create
16:19 / 17:38
from transcript16:19 – 17:38
...financial crisis. It's Lehman going bankrupt and massive, not only loss of trust in traditional banking systems, but also just financial hardship and ruin for so many people that cause them to go want to seek other opportunities in addition to just t
27:45 / 28:53
from transcript27:45 – 28:53
88% of government payments flow through this system every year. And it is what I've described as the beating, pulsating heart of the federal government's payments. Before you get to the banking system, before you get to the Federal Reserve, this is t
6:41 / 7:48
from transcript6:41 – 7:48
And in 1958, Bank of America issued its BankAmericard. That was the forerunner to Visa and the payment networks that enabled credit cards to be used across the globe on a daily basis. For the cardholders, I think it probably felt a bit like magic. Ri
5:13 / 6:17
from transcript5:13 – 6:17
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