Deciphered: The Fintech Podcast

AI in Fintech, Will This Level the Competitive Advantage?

Episode Summary

In this episode of Deciphered, Adam Davis, Associate Partner at Bain & Co, Bhavi Mehta Partner, Bain & Co, are joined by Sarah Hinkfuss, Partner, Bain Capital Ventures and CJ Przybyl, Co-founder and CEO, Reserv, to discuss how AI will impact fintech, whether or not it will level the competitive advantages of larger financial institutions, and just what this technology means the Financial Services industry.

Episode Notes

Timestamps:

00:00 Introduction
06:57 AI & Fintech: Will this level the competitive advantage & playing field?
10:50 Why is generative AI such a game changer in this industry?
13:10 Is generative AI just another tech bubble?
15:32 What key ingredients do smaller vs bigger organisations need to benefit from AI?
22:04 Who will take the majority of the market share with AI services?
28:10 How difficult will it be for FIs to get their hands on data across multiple LLMs?
29:59 Use cases & funding
35:42 How will AI affect jobs in the future?
39:31 Ethical considerations & biases of AI
44:28 Implementation and execution of AI
46:30 Maintaining competitive advantage
50:30 Speed differences with utilising AI
51:52 Over the next 10 years, which unexpected ways will consumers use AI?

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You can find Adam Davis here
You can find Bhavi Mehta here
You can find Sarah Hinkfuss here
You can find CJ Przybyl here

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