12 Burst results for "Neil Banks"

"neil banks" Discussed on Software Engineering Daily

Software Engineering Daily

03:38 min | 3 weeks ago

"neil banks" Discussed on Software Engineering Daily

"I'm Christopher dean. I have cofounder. And back to CEO for my company treasury prime, which is a startup in San Francisco, four years old. And you know, my backstory here is that, you know, back in the day, I was a machine learning researcher happily in academia and family reasons. We moved up to San Francisco and you know I got sucked in by all the startups. And I've been doing that for 20 odd years now. And you know, I've seen all the things from the wild success and we sold the company for a lot of money, you know, and that was great to the chairs being thrown across the room when people, you know, and conference rooms. I've seen everything, and I'm really happy to be at treasury prime where things are going great, but we're also going to all reasonable people, which I like. What is treasury prime do? So I used to be run with FinTech group at Silicon Valley bank, which is kind of like which while it is. But the main bank that most startups use, you know, so that's where I would go before I do the right back right now. And when I was running the FinTech group because it bought our previous company. And I realized Gemini realized my cofounder that there is this is interesting problem that so many corporations, technology companies and fintechs want to access the U.S. banking system. And the banks want to help them, but they don't know how and what treasury prime does is we're a bridge between these two worlds. We have both fintechs as clients and banks, clients, and we provide an API to connect the two. We're pretty nerdy product internally, we think of ourselves as an API first product. We don't build anything unless we get an API around it. And you can do everything that a bank can do. And in fact, we run deposit operations for many of our banks. You want to open a bank account. We can do that. What kind of any kind? Commercial retail, trust whatever you want. We can open it. Do you want to send money around, wires, ACH? We can do that. Do you want to issue cards? Do you want to do Bill pay? Oh my gosh, do you want to deal with paper checks? You know, I'll tell you, please don't, but yeah, we can do that too. So we can do all those things. And I think the central insight we have is that the bank is still an important player here because they hold most of the economic reigns and that it's useful to have both the bank and a technology partner for the FinTech and for the corporate clients. We have more API clients. And we're that bridge. And that's the insight we have. We have a banking network of double digit banks, you know, to say that. And that works great for us. They can choose who the best fintechs are for the best banks. And that ends up being a long-term fruitful relationship for everybody. Could we zoom in on one of those use cases like opening an account? I could see where if the bank itself was your client, maybe you would help them give a functionality to open an account for a customer. What sort of end user outside of a bank would want to open a bank account for their software's user? Yeah, it's interesting. This is kind of the aha moment for treasury prime back before there was even a treasury prime. Is that the software that a bank wants to use in the software that a FinTech wants to use is actually the same software. It just slightly different use cases. So the easiest example for opening a bank account is I want to provide banking services to my end users. And there's Neil banks, which you do this right now. In the U.S., it's actually hard to become an officially chartered bank. But still there are a lot.

FinTech group Christopher dean treasury San Francisco Silicon Valley bank Gemini U.S. Bill Neil banks
"neil banks" Discussed on Startuprad.io - Startup Podcast from Germany

Startuprad.io - Startup Podcast from Germany

05:15 min | Last month

"neil banks" Discussed on Startuprad.io - Startup Podcast from Germany

"Read that. You were podcast at youtube blog covering the german startup. Scene with news interviews and live vince. Hey and welcome from new york for what is a special episode of this month in german startups by started rate dot. Io we are looking at our unicorn track. Oh you listening to our unicorn contractor and it is october. It's getting colder outside cozy inside and that means that there needs to be a double pack and double pack. That's not a word and w black double-strike of our news reporting. And first of all. I always as always have the great pleasure to do this together with joe and frankfurt hollow. You guys how you doing. I'm doing great everybody who's watching this video. Kency warm pullover shirt underneath. I'm all in for motive here. It's happening less than two months to christmas. So that's cool. We recorded this episode on october. Twenty fifth two thousand twenty one repping october and this is as i said at bonus episode hauling special coverage of the unprecedented creation of unicorn startups in the german speeding. Startup scene and al first news actually is that germany has a new most valuable fintech One that we spoke about a lot in irregular Coverage already because it's such a It has a long history and there was also quite critical history but now things are looking pretty well for n twenty six a bank in new bank in germany which took over trade republic but the way to this hunt munster funding was not easy and twenty six now value is not at nine billion. Us dollars they're based in berlin. They raised nine hundred million. Us dollars in this round getting to the valuation of nine billion dollars and therefore becoming germany's biggest most valuable fintech one of the world's twenty most valuable intex But they are still in trouble with german bank oversight boffin and which nevertheless also hadn't stopped in the previous round to raise seven hundred million euros edit eight billion dollars sorry a billion euros valuation so yeah apparently they were able to put a positive spin on the whole boffin discussion and on the boffin customer camp and even though the c o for germany leaves or left. Neil bank full hawk. Ai so that probably is like the biggest unicorn store you get out of way. But we also have new unicorns to announce and is way you come in new unicorns. That adha in pal e. n. p. l. ability based foot of tixx leasing firm that provides solar power systems for homeowners with no money..

germany new bank vince frankfurt youtube new york joe berlin Us Neil bank
"neil banks" Discussed on African Tech Roundup

African Tech Roundup

03:30 min | 2 months ago

"neil banks" Discussed on African Tech Roundup

"Of bureaucracy in moving goods and services cross-border the financial systems not very helpful. What these new technologies allow you to do is provide you a new option that can option b. which may be over time becomes an option. Abor i don't think of it as a zero-sum game in some parts of financial services clearly incumbents will feel threatened in many countries banks have been concerned by the role of telcos. And you see this. An awesome africa after the growth of mobile money in east africa in other parts of africa in the west and in the north you saw push that from incumbent bank saying hey these telcos regulated in the same way. They helped the same standards. There's often concern or fear. Fear of the unknown or fear of an unlevel playing field bank sometimes feel that new entrance. The telcos tech companies have less regulation or they have more advantages of all banks see digital or new entrances positive that they do see sometimes enemies but increasingly. We're seeing as across africa across the world bank's thinking about this is an opportunity as much as as much as a threat and not getting to see backs you know. You citizen of nigeria. You've seen this another part of the well bang saying hey why. Why can't we have our own. Fintech arms or affiliates or you've seen innocence. I'll africa's were in singapore and hong kong. Neil banks being setup. I knew banks that are digitally native cloud native so it has a lot of change going on the. Keep the keep why the mentioned as the tam is going to increase a lot and the share of the time that belongs to purely incumbent traditional banks will shrink but late will be a much bigger market. We've gone through waves in the last few years of excitement and disillusionment ram blockchain in financial services. This is not the first wave. we'd been through a few already in this very short number of years right now. A lot of excitement and focus is around. Cryptocurrencies decentralized cryptocurrencies and cdc's basically the movement of money. And the other part of blockchain. That's interesting is obviously the ability to do smart contracts stepping back a level and looking at it down from some more generalized level. Remember what is what is blockchain about. It's about a way of transferring value. Storing value recognizing value and within this linked. This is obviously the concept of smart contracts and in various areas of finance particularly in trade finance the idea smart contracts whole spun appeal so you seeing banks and one or two banks in south africa. Doing this bank signed off south africa and in other parts of the world as well the uk and asia in america france. You're looking at. How can we take. What's relatively old industry. Trade finance often very paper-based very old and slow hut. Can we made this fast and can use blockchain to make trade finance foster more accessible. That's one area. There's a lot of work going on. Still launching pilot stage in different banks have to admit rather than actually in production or in large scale production. But it's interesting to watch. And the other is said is the whole area of cryptocurrencies and cdc's now cryptocurrency the somewhat challenging a decent rice crypto because many regulators including many of the major african regulators and central banks are cautious about cryptocurrencies. And.

africa east africa nigeria Neil hong kong singapore cdc south africa asia france uk america
"neil banks" Discussed on The Most Hated F-Word

The Most Hated F-Word

01:41 min | 2 months ago

"neil banks" Discussed on The Most Hated F-Word

"Sector but also aren't within this legacy finance. So what am i talking about here. I'm talking about mobile financial services. These neil banks several canadian companies mogo neo coho real time payments applications stable coins crypto digital remittance peer to peer lending open banking and data portability tack neighborhood savings platforms like mocha things like that. What utility to they provide to this group over here. Is there a place where they can get better financial products and services at lower costs than what they're using when they're not banking through these financial technology firms in the answer to that is yes which it appears to be. Then the next question is why. Isn't there a huge amount of taped that there is a lot of take fintech but interestingly it tends to be with people who are at the banks already. That's where a lot of the interest in the intake is lowering some of their costs and improving their services from the institutional banks. I'm interested in that. But i'm very interested in this other segment of society and whether it's possible fintech can have inclusionary benefit for them. And if so what are the barriers and are there risks in opening up that coral to having people who are serviced by traditional finance now being provided with financial services through their phone almost exclusively. That's kind of the intersection of where there is. And when you when you dive into this you see okay..

"neil banks" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:23 min | 3 months ago

"neil banks" Discussed on Bloomberg Radio New York

"This is Bloomberg Business Week with Carol Matter, and Bloomberg Quick takes Tim Stone oven from Bloomberg Radio. Now this past week was a particularly notable one for crypto. We had the Bitcoin flash crash where the crypto suddenly plunged 17% in just minutes. David Kinetz Key is the CEO at cracking bank. It's one of the largest crypto exchanges with over eight million users worldwide. They've had about one million new sign ups in the second quarter of 2021. I spoke with David and I was joined by my quick take Oh, host Katie Greifeld. We started by asking why he's chosen Wyoming for the company headquarters. Wyoming passed the first of its kind new regulatory license here. For a special special purpose depository institution. It's a state chartered bank and up Until now, crypto companies have really been round Peg Square holed into existing licenses in regimes that didn't make a ton of sense. And we're kind of locked out of the existing banking. So, for that reason will bring in the U. S business under a more certain, more formal and better regulatory regime, as well as expanding into new opportunities, new product and markets. As you see, everything is converging between crypto Neil Banks, fintech traditional, and so we want to be at the heart of that market. But you do call yourself a bank. Yeah, we are State Chartered Bank and so Wyoming is interesting, obviously has positioned itself to be a crypto hotbed. Where does that stand with the rest of the United States? Are other states moving towards Wyoming? Or is Wyoming really an outlier at this point? We definitely got the ball started, but the ball rolling, but a number of states have let's say, borrowed liberally from the Wyoming playbook and enacted their own version of a similar charter and its provoking federal regulators. Take option as well. That's kind of the beauty of our Republican and our system here where states can be the laboratories of innovation and push things forward faster than the federal government has, so it's really been a spark. Let's move the whole industry forward. David. You say that cracking will be the first United States Crypto bank. It's I'm wondering the problem that you're setting out to solve here. What is not being met by traditional finance? Yes. So traditional regimes Right now you can either apply for 50 state money transmission licenses or you can try and none of them have, like crypto specific language They're built for. Like Western unions and thin text of the world. And then or you could try to pursue a banking license. But the federal regulators to see the F B i C have been inconsistent about that. And they don't have written moved about how they're going to treat crypt out that has a dedicated supervisory and oversight manual. We just want to know. Hey, this is how we're going to be regulated and what our expectations are. And we can meet them. So for those reasons, the lack of clarity around some of the stuff in other states is really suboptimal and banking has been a traditional problem for crypto cracking Lucky. To have a swath of good third party banking partners. But there's nothing like vertically integrated, controlling your own destiny Direct to the Fed. And so, David, I've always been curious. You know, how do you scale? Obviously there are regulatory hurdles. But in terms of The average American who maybe only has a passing understanding of what Bitcoin and what Cryptocurrencies are. How do you convince them that this is the next you know, wave of banking?.

David Carol Matter Katie Greifeld Tim Stone David Kinetz Key 17% second quarter of 2021 Republican Bloomberg United States Bloomberg Radio Wyoming over eight million users U. S Peg Square F B i C past week 50 state money transmission li one of Bloomberg Business Week
"neil banks" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:18 min | 3 months ago

"neil banks" Discussed on Bloomberg Radio New York

"Quick takes Tim Stone oven from Bloomberg Radio. Now this past week was a particularly notable one for crypto. We had the Bitcoin flash crash where the crypto suddenly plunged 17% in just minutes. David connects key is the CEO at cracking bank. It's one of the largest crypto exchanges with over eight million users worldwide. They've had about one million new sign ups in the second quarter of 2021. I spoke with David and I was joined by my quick take Oh, host Katie Greifeld. We started by asking why he's chosen Wyoming for the company headquarters. Wyoming, a past the first of its kind, new regulatory license here. For a special special purpose depository institution. It's a state chartered bank and up Until now, crypto companies have really been round Peg Square, holed into existing licenses and regimes that didn't make a ton of sense. And we kind of locked out of the existing banking wolf. So, for that reason will bring in the U. S business under a more certain more formal and better. Regulatory regime, as well as expanding into new opportunities, new product and markets. As you see, everything is converging between crypto Neil Banks been text traditional. And so we want to be at the heart of that market. But you do call yourself a bank. Yes, we are State Chartered Bank and so Wyoming is interesting, obviously has positioned itself to be a crypto hotbed. Where does that stand with the rest of the United States? Are other states moving towards Wyoming? Or is Wyoming really an outlier at this point? I definitely got the ball started, but the ball rolling. But a number of states have let's say, borrowed liberally from the Wyoming playbook and enacted their own version of a similar charter and its provoking federal regulators to take action as well. That's kind of the beauty of our Republican and our system here where states can be The laboratories of innovation and push things forward faster than the federal government has. So it's really been a spark that move the whole industry forward David you say that cracking will be the first United States Crypto Bank. It's I'm wondering the problem that you're setting out to solve here. What is not being met by traditional finance? Yes. So he was traditional regimes right now you can either Apply for 50 state money transmission licenses or you can try and none of them have, like crypto specific language. They're built for, like Western unions and Finn text of the world and then or you can try to pursue a banking license. But the federal regulators to see the F B i C have been inconsistent about that. And they don't have written moved about how they're going to treat crypto that has a dedicated supervisory and oversight manual. We just want to know. Hey, this is how we're going to be regulated and what our expectations are, and we can meet them. So for those reasons, the lack of clarity around some of the stuff in other states is really suboptimal and banking has been a traditional problem for crypto cracking Lucky. Do you have a swath of good third party banking partners. But there's nothing like vertically integrated, controlling your own destiny Direct to the Fed. And so, David, I've always been curious. You know, how do you scale? Obviously there are regulatory hurdles. But in terms of the average American who maybe only has a passing understanding of what Bitcoin and what Cryptocurrencies are How do you convince them that this is the next you know, wave of banking..

Katie Greifeld David Tim Stone 17% second quarter of 2021 Republican United States Bloomberg Radio over eight million users Neil Banks Peg Square this past week 50 state money U. S about one million Western unions B i C first Bank American
"neil banks" Discussed on Hustleshare

Hustleshare

08:17 min | 5 months ago

"neil banks" Discussed on Hustleshare

"That fit the bill based on what you stand for i was. I was real lucky. I got you know the first years of my career private equity like nobody cares about this stuff in private equity private equity is all about accel barbecuing strategy numbers and lake in the oldest human stuff. Like the private equity guys. It's all like blake magistrate. Handling so when i started being a manager and being a follower building the business i was very lucky like in my second year of that i was able to go to that seminar and like a lightbulb. Went off in my head right. It's like all of a sudden they're like okay. This is what it ends like to lead people organization of people in beginning the skill. Set that i develop the rest of my life but Was very lucky that you know i had that kind of mentorship trading up to all right. That's amazing now. Let's take our last week and when we come back let's now talk about how you lodge this big rocket and wet. Sonic boom amazing to really putting out. Tonic s a product. And how you just blew every record away. That's out there as the first digital new neo bank into philippine. Talk about that more actor the rake. Hi i'm michelle. And i'm inviting you to listen to map digit pod. The internet and mobile marketing association of the philippines first ever podcast listen in an arc topics and conversations in the advertising and marketing industries. And learn from the best from all over the world. This podcast is brought to you by podcast. Network asia and powered by pod metrics. We are still with gregg. Krasnov then told us again. What amazing culture they have in now before it culture you gotta talk product you gotta hustle right and i want to find out because you literally just knock it out of the park. You did an amazing job doing go to market and really getting traction baskets and this is where a lot of startups really bungalow. It and you know they botched this this whole thing or even if they do they just have a quick blip and then they die out. How were you able to launch and attract. How is about two point. Two billion pesos. A digital deposits fucking amazing this. Not even i can't even how. How much product this fast in this good or your own You want me to correct you. I guess two point five five essentially the that might make luca basically will were building. The product were very very careful evaluate the market needs. And you know. I'm a big believer in this framework. Six piece of skull marketing. Mix using it on my whole career That's that's the way you win. You just like there. Are these six parameters price promotion. Bro says out search and you just compare yourself on each one of these against the competition that is out there. When you were shooting for is to have a very clear you don't appeal to the consumer on as many of these as possible on many access rate so we actually we evaluated the customer needs and what we saw is okay first thing that filipinos said like we would love to save. But we don't need another saving account. We need help saving. You know saving accounts out there Lead helps eighty right up. Because you know. I think it would be more in the mode of late. Let's stick the salary out of the agm. Go spending whatever exactly. Let's let's party for the next week for the following week. We go with the laura and then we do it all over again right. I like that was the one of the messages. And so we created our product framework around that we something stashes the basically to target base saving device that you can help yourself save by literally like sankey business for my child's education. Put your kid's picture there or with harvard picture there. I don't care which will bear whatever helps you save right. It's it's a stash from that particular. You link the motion to that outcome. You held versus a great another thing. We noticed this filipinos will like you know super communal in. How safe right. There's a ouaga. There's you know old like family. Saving situations when people like stuff into the goal bottle or ben blind off in the villages or whatever so like end that still there and people do a lot so You know we said okay. Hey can we take behavioral on line. So we celebrate. Let's do a group stash something that hasn't been done before Actual day or and so we have this group statuary. If you're for a motorbike you can invite all your like a family uncles and aunties of wherever right on like Motorbike and guess what. All sides of the family will get modifications of who wouldn't have much opposition going between your uncles. You know rank who is richard. 'cause you know like how different sides of the family up the show of all right so that's the kind of thing that you know. We we do some real innovation and nobody's really that jumped up possibles another one at the that bringing a digital term deposit all like. Nobody's really that into an app. You know you have to go to a bank branch if you wanted to make both long so we really helping people and you know wise. So let's product uniqueness rate. You know price uniqueness the you know half a percent. one percent of the big filipino. Banks are giving their deposit customers that its complete. You know that's not fair. Bazli inflation is higher than that effectively. You know the filipinos obeying their banks for holding their money if you subtract ledra street is affecting your in demand for keeping money there. That's not fair so we saturday. What's you know. We have a very different structure. Don't have branches have so many people gambling basle on some of its aiding to our customers and give them a better interest rate at what we've done so we're headlining. The you know. Six percent interest rate which is the highest in the philippines and know similar things on promotion at other things that we saw that filipinos were really fed up with their banks talking down to the you know like being these big intimidating institutions would golden marble. And all that lake. You know that's why nobody goes there late because you have to dress as and juillet goal know uncomfortable at the branch because they're going to judge you like how you dress right late lake. Basically that's another thing that we completely changed the language we said. Hey we're not talking bank. We're tony right Revulsion were cool. Were fun were nice. Won't dark estimate to fall in love with us. And so we call our customers hon. And love and excellent zoellick soap radio the hugs because we want them to dump their ex bank at any shave their neil banking romance with us so very different promotion language and also the openness of the language in a very transparent with where we don't have any hidden fees were very few change the fees. You know we always like talk about. Why would it what it is we're trying to achieve here holly benefits customer etc. So that if you do make these than you know at least they know like what. It's foreign exactly what it is. They don't feel like they're being screwed. So yeah those are the elements of the value proposition. And i think that's what works for customers. That's amazing now. I'm curious. I i always find it interesting when i asked this question because i i understand more of what how the business day namic works in whatever you can share but what are the metrics you guys care about. Most in the share don't share those private metrics to understand. What are these northstar. What are these things. How how you. How'd you rally team to a common goal because sometimes those metrics are technically the make. That's why i.

Two billion pesos Six percent one percent michelle richard saturday Six piece philippine second year first first years next week last week northstar six parameters half a percent two point Krasnov both holly benefits
"neil banks" Discussed on Startup Talk Toronto's Startup Podcast

Startup Talk Toronto's Startup Podcast

07:00 min | 8 months ago

"neil banks" Discussed on Startup Talk Toronto's Startup Podcast

"You. Know we genuine roots here or customers unlike. I don't want necessarily say that bigger banks don't care estimates but you could almost either incentivized to really help these customers out because it cuts into profits were as whether you are a multi million dollar clients or your somebody. That's struggling in debt. Were treating you basel same respects. That's excellent and you know you mentioned here about you. Know getting money back or saving money without he. Can you tell us how that works. Yes for sure so we do have Counts three counts and you have our classic and we'd zero premium so with our classic plan. You're getting about point. Five percent cashback on all purchases that you make online or in store we also do. Have it's of burners where you also get More cash back up to thirty percent her premium card and up to fifty team percent with their basic hard and that cashback comes to right away after that purchase or as with them traditional financial institutions. You only really get cashback on credit cards if you not of trash back visa or mastercard card with that financial institution and i noticed you have a overdraft protection. How does that work or does it. Another good question. So how. production word sets or people that have overdrawn balance for the first one hundred dollars. We will not be charging them anything because we understand that things happen or example. If somebody has fifty dollars in their bank they go to walmart than a hundred dollars on groceries now. Negative fifty dollars of overdraft or not charging them an interest rate on that beach design mentioned know stuck but ultimately that's out of our our feet overdraw section works that and i mean that's your charging more depending on all sorts of reasons around that so that's something i've not seen in a prepaid card before yup definitely definitely i think one of the main reasons that are big banks. They have tons of thousands of employees across canada and the us and they a ton of commercial offices so they're spending billions of dollars on a monthly basis Boy salaries when it comes to commercial real estate and things about nature so they they really can't afford to operate does great rates that neobanks like ourselves are able to offer due to the manner that we have less overhead expenses and banks manager is the card useable everywhere yes so. The kernel beans used an war. Were visa and mastercard accepted fantastic. And you mentioned neil bank. Can you tell our audience. What exactly is a neo bank yet brochures for those that don't know what in the eubank is by definition of eubanks type of direct banks that offers operates exclusively online without traditional without traditional physical ranch. Networks so in short berman online digital bag so we talked about this briefly just beforehand You know my parents time. It used to be that You just pick you stuck with the local bank. And that was the way at work. You know Have thinks change. I see a lot of intex company saying that. People nowadays switch based on a better app Is that the case. And if so. How do you plan on competing in this market. That could definitely be the case on craig. You definitely right on that due to the matter that if you have been banking with a specific financial institution for fifty years and you have your rsp your with financial planning and things about nature it might. You probably wouldn't want switchover to a new bank when you've been with an for over half of your life but when it comes to the new generation y other new banks. Typically millennials are due to manner that they would be more inclined to switch if they're all here or what's giving them a better rate what's giving them faster. State were better financial botox. And if neobanks banks are offering free accounts cashback on all services access to early payroll. Free overdraft rebates nam withdrawals and big banks are not able to compete noppadol services nine times out of china millennial assembly life that would switch over to the neobanks instead of the traditional financial institution as they don't have any emotional connection with that institution. Yeah i think Historically people were afraid to switch institutions because it took so long for them to get to know you and you know go through the ropes that all the stuff we were talking about earlier on so you know you have that fear of lock in a little bit so who is your ideal client who should be on hutsi so when it comes to who are ideal point as its i mentioned. It's not a one shoe fits all. We have different some products. That could really help anybody at the specific life cycle so when it comes down to we have one customer segment group that we are targeting. The most it would be the forty percent of canadians living paycheck to paycheck. It would be the two three percent of the degree million meetings of using lending services of amulets. Because we want to help by merely what we wanna do. More than anything is help. Clear that debt first of all is help. Increase your credits. Second ball thirdly bring year financial won't being up and then after we've done all of the things i've mentioned below to start getting to invest in getting you to incentivize savings. Start preparing you or turn. Its and bringing your family along with the grading them at sea accounts as well but that's not to say bats for example if somebody had no data their credit scores awesome. That's not to say that we would want work those clients as well because we ultimately will programs them in the future as well due to the manner that were offering free accounts access to early payroll and all the cool means and features that i mentioned the bosso. Some people just probably want a better deal than what their traditional banks are giving them. So anybody's really bank with us. So i see that you're accepting people to get on your waitlist On your on. Hutsi dot ca when when is the app launching.

fifty dollars Five percent forty percent canada fifty years walmart neil bank billions of dollars china first one hundred dollars intex one Second three counts nine times bank two one customer up to fifty team percent neobanks
"neil banks" Discussed on WSB-AM

WSB-AM

03:51 min | 1 year ago

"neil banks" Discussed on WSB-AM

"That have been going on in our community. Well, right now we're gonna pause and we're going to talk about something that is empowering for the black community. This is an opportunity where technology Meets culture. We're talking about banking, while black and our guest today are going to tell us about Greenwood and I don't want to steal any of their thunder. But I am so thrilled to welcome two perspectives. Two of the three founders of this amazing Enterprise, Ryan Glover. Many of you will know, as a leading business person in Atlanta, founder of Bounce TV and, yes, I am thrilled to have on the show for the very first time killer, Mike. Michael render, And we all have seen Mike on TV and everywhere on Social all summer into the fall, and it is just welcome. Welcome, fellas. Two perspectives. Thank you for being with us. You're having so Ryan, let me start with us as one of the entrepreneurs. That's a part of this Greenwood initiative. I hinted a bit added Technology meets culture banking while black. What is it? Sure. So Greenwood is a fintech, Neil Bank. In a nutshell. We provide modern banking for the culture. So if you think of, um some of the other players in the digital banking space we are of that same ilk. But we unapologetically target a very underserved African American and latte next community. Mike. Why did you want to be a part of this initiative? Bank Black 2000 child. My grand parents taught me the importance of banking within your own community, And it's important to clarify but people here banking Black does exclude any other group of people. Feel Latin American Asian American working class poor white doesn't matter. You should be banking and oftentimes big banks scare people. So local banks on encourages my grandparent's Make sure I had a black baker count from the time I was five years old. I think it's important in our community that we keep that tradition going. And Greenwood has advanced that tradition by now putting your faith in your hand, which I think it's also convenient. I think it's the way my 13 year old be banking in the future. And I'd like to be ahead of the curve, not behind it. So Greenwood is that's where we're going Where I want to put Ryan. There's some significance in hell you want named the Spin Tech Opportunity, Jordan so everyone knows the Black Wall Street story. That story occurred in a district called Greenwood in Tulsa, Oklahoma, As many of us know that district thrived, right. You had Black professionals. You had black turnings. You had black owned movie theaters. You had just about everything that you can think of from a commerce. Standpoint, in one specific location in in one city. What was also important about the Greenwood district is at the time our dollars recirculated in that community 36 times before it left the community. Um many of us know the facts of the matter. Um, On today's current climate, you look at other cultures. You look at the Asian culture. Their dollars circulate 30 times over..

Greenwood black community Ryan Glover Mike Asian culture Bounce TV Atlanta founder Michael Oklahoma Jordan Neil Bank Tulsa
"neil banks" Discussed on NewsRadio KFBK

NewsRadio KFBK

01:50 min | 1 year ago

"neil banks" Discussed on NewsRadio KFBK

"On the tens every ten minutes mornings and afternoons Brian noble's news ninety three point one K. F. B. K. this forecast what you buy all worth financial I'll be in chilly today with a little rain at times and a high of fifty one to fifty five cloudy damp and chilly tonight with a bit of rain below thirty seven to forty one mostly cloudy and cool tomorrow there could be a shower in the afternoon with a high fifty seven to sixty one I'm accu weather meteorologist Joe Lundberg news ninety three point one K. F. B. K. there's snow in high country currently twenty six degrees in Truckee in Auburn thirty four degrees in Sacramento forty one degrees on news ninety three point one K. F. B. K. hi Christine and also long with Sam Shane this is the pair became morning news and now with money news here certified financial planner Kelly brothers from Genevieve's Burford and brothers closely watching the markets this morning innovate I know the stock trading once it hasn't restarted has it that has restarted yeah and and it's stabilized right down nine to ten percent let's say but the circuit breakers did kick in I mean seconds after the market opened so and this is despite the fact the fed over the weekend cut rates to zero seven hundred billion dollars in Q. E. quantitative easing that liquidity provided to the marquee got the IMF mobilizing their one trillion dollar lending capacity so Neil banks are working there's liquidity in the system is just people who want to sell because they're they're not sure what's going to happen especially boy when you look at leisure and restaurants and cruise ships and I mean American Airlines they cut their international routes by seventy five percent United cut all their flights by about half a minute of course you have more more business is shutting down for the next few weeks as well the good news if there is any good news is just that you hear from the medical professionals at all.

Brian noble Truckee Auburn Sacramento Christine Sam Shane Genevieve Burford IMF Neil banks American Airlines K. F. B. Joe Lundberg Kelly
"neil banks" Discussed on WHAS 840 AM

WHAS 840 AM

03:04 min | 2 years ago

"neil banks" Discussed on WHAS 840 AM

"A. T. M. withdrawal reaching a new record high grade good morning what's his name what's happening here. morning Tony yeah yeah we we are seeing that and yeah I think what most people don't really remember until it's too late is when you make an out of network A. T. M. withdrawal your pay and not one but two fees you pay your bank and then you're also going to pay the ATM owner and it's the fees charged by the ATM owner that is really on the rise it set a record high for the fifteenth consecutive year so just dance emergency this idea that you have to plan ahead as to where and when you make those withdrawal feel especially now we use cash less often were making fewer withdrawals he I think he'll use it we don't we may not put the same you know we may not have the same habit of the same level of thought into it now that we use to but because the fees are going up but you know if it is something you have to prioritize staying in network for just getting cash back at the point of sale at the supermarket or pharmacy when you're using your debit card yeah well said yeah that's another good way to do it although I think more more stores I'm not mistaken started and fees to that as well are they not I've seen a few of those but that's still the exception rather than the rule and so I think that's kind of in tune with that planning had when you for when you need cash Saturday I comes at the same time every week so either he getting cash when you're at a merchant that's not going to charge or scouting out the location of a nearby in network ATM look at the bank's website click on the mobile apps and and you know plan accordingly. seven forty eight is right away forty WHAS got you okay your question yeah Greg you offer an altered you said there's an altar of one of these Neil banks that are out there. you know that what we're saying is still some banks are popping up that are you know socially mobile only and eat where you do all of your banking via your phone and you know some of them are just fin tech companies that have partnered with banks to create an interface that. of particular Morty younger people and its C. O. it'll do checking accounts the same way. youngest son yeah yeah because I thought I saw an ad for one of these guys just last week as a matter of fact and they don't have any overdraft charges but it almost seems like there has to be a catch. I get a lot of this is for those there's not really a catch yet right AB I think what you see with a lot of start up companies is CL they've they've got a great offering right out of the gate to attract customers and building grow but sooner or later they've got to have a way of the past the profitability and me no more that remains to be seen how a lot of these companies are going to get there but in the meantime there are some attractive options out there for people that the you know particular that probably the overdraft centers are not looking for that sort of traditional checking account you know as it used to be these are the attractive option strictly for young people it's a great thank you Greg brides Bankrate dot com you know one of the things that.

Morty Greg A. T. M. Bankrate Tony
"neil banks" Discussed on The Property Couch

The Property Couch

13:44 min | 2 years ago

"neil banks" Discussed on The Property Couch

"So that's the storm would the league the leaguer storm with the stormwater discharge legally to the streets and not if you went on a blog net that slope the other way round any slow backwards you have issue issue unless there's a stalled a pipe that you can connect to at the back they can discharge your stormwater otherwise then you bishop showstopper so you'll be ready for the nonce cremated in brazil that you can we saw zone is that is that a typical priok no i never owner all night screaming to block to subdivide split into two so my two subdivision region was thousand screaming that there was sweet the corner nepal just mentioned echo want the second one died this is in carina heights was a nine hundred and seven seventy i believe are screaming wlac entry doesn't fit the one thousand screaming the x. <unk> arrangement if not away something by which is the x. arrangement so you need a four hundred screaming blocking front and six hundred this including the driveway for the back lock right but a background of actual so this one was nine hundred seventy four memory info so but because next dole has already done the same thing so this students and we actually went to a quick due-diligence and we got approval ought to and while subdivision that we have the few house on the big on a as well so that was a second so she may keep the the old house in front which is a good thing because while you are subdividing and also building a new house within about twenty minutes and you're still getting income although i reduce the rent for a short period of time so that no inconvenience cost the tenants but you're still getting some income income income and so that when you're doing your subdivision is not too much because that's the absolute isn't it so we're talking about effectively you're buying a new block of land that you can build on which you can generate income full for between ninety one hundred thousand dollars so you get to put a dwelling on that wants to be sort of price point that you that you pie for that for the dwelling guys onto that back block if you're doing battle-axe subdivision on the it depends on the even the new house depends on the the area that you're building you know we have a very careful not to over or under capitalize on the on the area that we are building reading this one could fall in building tool excited because they had the can save everything on the features other gadgets into into the house and and end up is over capitalising is not gonna work phobia very we have built it houses so far reading nine now the midnight we are always of course the first couple of us we are not made prov so but yeah but but relented and sought by we always always on this turn to understand what's the area what what in the area what bias expect in the area <hes> and so he goes to mike my wife's vaguely she always look at look at a new listing some of the new houses in the area and being arrested agent that give me some some of ambitious loic and check out the prizes and how much they bought four and maybe how much wealth now in the rent <hes> yeah so that helped we'd uh our new houses so we so that we are building one <unk> completing <unk> together and over the house the intendant hugh sticks case east of baseman near the suburb off hotan amona philly a five of five big tree bath house but we know that in the area expect beaches <unk> a media room pantry and fully but the air conditioning so so we put all this in and if we were to build the same product in annalisa he may be overkill over capitalising we've gotta capable of audits it now you've got some great tom tips that we've sort of i would communicate before coming on the show i love you to share some of is around what you're a believer of <hes> what are some of those important tips but you wanna pass onto the listeners all i think that's one that i want to highlight maybe later something went to dynasty i recently aleve got a scare got close shave on business email compromise b._b._c. shots or is this this bill that we are competing in cannon hill was the was the fof progress payment for fixing stitch the bank details of the beauties was somehow change on the invoice when email to me so i didn't know visit a senator bang like the previous davis tree less payment the banks mystic payment to these accounts there was a january sixty four thousand it was a very stressful and unsettling pima for us would you do how did you recover what what what was the outcome so we may a report a police report so econ the police department they do all the artist tai-bo fraught jesus but that's not even the police officer who rang rang me and he himself today from experience he believed the money's gone by now it's that was at least two weeks after the money has been transferred the wrong accounts the accounts so anyhow <unk> so he is the best way the quickest way is to go to the bank that that the banks started out you know if you allow the police authentic such warren of their car on the account you would take ages the court and and whatnot but it also into that the bank channel off the week's ninety six not a bit maybe inches with the money was surprised the price returned to us wow very very lucky i thought houst- bullet they match to tech the funds and and retrieve the funds and we tend to our i think so how do you think of 'cause we we know that is being stories particular in western strive for people who are leaving monning communities who are flying fly out and someone has sold their house us beneath them <hes> because they are able to fraudulently document atlanta auto so how do you think that they were i thought you were the <hes> the builder on this project and to issue you with a bike invoice what was it that you think attributed to do you think that they're going to computer system all our tracking news in any sort of discovery to we can share with the listeners i got no idea i think is still theo under investigation so <hes> so but the builders always email that invoice the <unk> progress payment to me so these fraudulent invoices actually just from the same sauce basically from the same same build as email attachment is wrong so the builders by the sands savings the builder system the system's main hacked they are working on who their invoicing out and effectively issued <hes> <hes> a statement looking very similar signs so limit but just different base batting account number as evidence that same as set all the e._s._p._n. account number so this is a big tipper they had to to the listening audience tonight as always be mindful because you never think about it but how you do he sees you showed what when you when you know you go regular payments coming through your banking system you should all y size the base paint account number number of that particular supply rod because you were dan have that it's not going to try and draw its rent businesses dime often china banking prices so if it does change you go to flag rotten news it's like oh today's the record and i'm and i'm going to send it to that can't wait a minute the statements different that's when you can ring out the builder and you helping the builder will you helping the the business as well so i know we haven't changed our bank account all of a sudden debbie daikin mike is investigations investigations and say what did it systems in hack he's you know this is the sad reality of digital age that people who who are in our fraudsters can pray on on innocent victims such as yourself dance a. and so i think it's a it's a wonderful yeah i think i think the big lesson learned since that incident when i make payment you know i i always save bank details so any difference in the bank details us a ring there the there's up to verify and for any neil bank details someone that has not before i will call them or texan mcsherry verified thank details correct purdah invoice advocacy so we find me a payment so i think that's a big lesson learned in were not i'd expect that happened to me a resume ready stories about providence you're fraud and everything but scame name of what happened to me that's much set you back if he didn't get the money back was that was next but if you hadn't got the money back we resort enough to move on with that of being another major shock to the up to the cash flowing and we have some reserved <unk> equity but you know lucky you were further damage because it had to happen to you there's one eating the money back that's not the bill was high enough to continue continuing the construction even though they did receive the payment so you come to a point nope when we about to head over to me and the money was still not in not returned to pay them that he gets a little bit agitated or frustrated about he's yeah so penguins the timing was right you came my newest returned about the handover period and we eventually got the money back and paid him so and this is you can sometimes see we're saying a few of them now come on long where half completed projects quarter completed projects projects that have just stole you can drive around some suburbs and you say a building has not had any progression on on the front and this is people who are either being too risky and then i will flying so close to the wind that that that a disruption like what you've just had would've sent them over the hill rotten i couldn't get anymore finance the whole thing info all got other great examples of that up friends of ours who were promised cool with they build went outside they three quarters of the white through a project and they united suburbs haven't been paid so you know the whole building industry cosi in these uncertain times where billed as a a basically also you know one shape to the braces i as well <hes> <unk> very very risky so doing due diligence making sure you've got ample buffers not being too greedy or too aggressive too quickly because that can have a china fix you know a domino effect in terms of how you know what kind of complete that project now i can't get fondest a contemplate that present a concrete honest i'm going to have to sell the property to sell it probably quickly so i can play that project but they'd probably have only just bought and then the whole domino effect type show i think that's wonderful japan we've never had anything like that on the podcast before thank you for sharing yeah those good dance and the other things you put your.

brazil ninety one hundred thousand do three quarters twenty minutes two weeks