17 Burst results for "Nilekani"

"nilekani" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

01:54 min | 6 months ago

"nilekani" Discussed on KNX 1070 NEWSRADIO

"On beginning to reopen the economy in just days we can hold the line to continue to do good work and just avoid the temptation to get back in congregate with us do it with people of the ways where we can see an increase in the spread will get there much sooner but not everyone is waiting some businesses are defying state and local health orders and re opening now this week about a dozen organized rallies from San Francisco to San Diego on the state's northern end in accounting about home to nine thousand people became the first to defy the state's shutdown orders by re opening its restaurants the number of coronavirus destin LA county's climbed almost twelve hundred with the addition of more than sixty new fidelity's during the latest reporting period and the total number of confirmed cases is now top twenty four thousand as has been the case ever since the outbreak started about ninety percent of the people of died from the virus Nilekani also had other serious underlying medical problems the Inland Empire still the second biggest fire center in southern California with seven new deaths in riverside county pushing the overall figure there to one hundred fifty six another fidelity in sambar Dino county raising its total to ninety four San Diego county the death tolls risen one thirty four the number in Orange County is just hit fifty well Ventura county so remain steady for now at eighteen well L. A.'s offering cover nineteen testing to all county residents some people without symptoms are running into problems getting appointments mayor Eric Garcetti says keep trying the system's working great Garcetti says people who are sick and essential workers will get priority in people without symptoms may have to wait a couple of days if you're not having any luck our study suggests checking back in the afternoon thirty people will show up that's been consistent throughout that time we've done testing so each night I've told people go back and get back on their but we're very confident we can keep up with the demand that has been out there he says the city's testing sites can take up to eighteen thousand people a day leading unused tests.

San Francisco San Diego LA county California riverside county sambar Dino county Orange County Ventura county L. A. Eric Garcetti
"nilekani" Discussed on PPRO Podcast

PPRO Podcast

11:32 min | 1 year ago

"nilekani" Discussed on PPRO Podcast

"Hello I'm Nilekani. And this is the people podcast. If you are a Belgian Consumer Sumer looking to pay for goods online or in store you turn to one brand bond contact pay Connie company today I am joined by the CEO. Oh naturally Vonda Pooja to discuss. What makes bond contact pay? Connie companies products so compelling and Popular Natalie. Thank you so much for joining me on the PODCAST. You're welcome. I did a little bit of digging into your your background. And you've had quite a long career in the financial sector. He started short on marketing. And now you're of bone contact pay connect. How did that happen? Es I'm the CEO of bank. Pick only company since little bits of the little more than one year. No and I have to say. I'm pretty proud about what we realized. In one year we went through a merge of two companies is and these had a lot of consequences from an organisation. HR and finance point of view and six months after demerge we launched a new application on the market hits Pickering by bank contracts and we succeeded to increase the number of users and the number of transactions made with the new APP but also to increase the number Bros transactions made with traditional products the bank contact cards and last but not least we build a very strong team and that is one of the keys of success for me. This last year has been a tough but very exciting year because change is always a challenge right. So you've already mentioned in the last year there's been a merger between the two companies a bone contact and pay connect. Could you give us just a brief overview of what bone contact pick next is. It's bank contact bake only company. He Bank contact bitcoin. Companies born in June two thousand eighteen from emerged between bank contact company and Belgium. Bank contact company has a very very long story in Belgium and is owner of the bank contact card scheme and contact company innovated in two thousand fourteen by launching contact APP allowing mobile payments based on the bank cards and beckoning. Belgium was started created in June. Two thousand seventeen and they launched on the belt and markets Kitts and new payment products. And up called PECAN ICK allowing mobile payments on a very innovative way based on what because Sipa credit transfer and to merge bank contact company and Belgium was an abuse decision from the moment the two companies has almost same shareholders and their products shared assim objective make electronic payments as easy and simple as possible for everyone in Belgium consumers and merchants like and the shareholders decided to join forces in order to get the best of both birds the experience of more than forty years of bone contact company and the start of spirits. It's of the young beckoning Belgium company. The mission of the company is to make cashless payment solution evolved for monthly and make these solutions things accessible for everyone and constantly improve the shopping experience for consumers and merchants and we do that with forty years years experience in the payment words and from our local anchoring essential for the Belgian economy the objective of Bang contact bake only company is clearly to beat the driving force behind adoption of mobile payments on the Belgian markets. And in this respect the company launched new Pekin by bank contract up to start off of two dozen one thousand nine hundred and we decided to put together the functionalities of the xe Bang contacts and pay coney APPs as they existed before this today we offer for different solutions answering the needs of the customers. At merchant sites we offer to products bang contact and pay coney and that consumers site site. We propose the bank contact cards and our mobile APP becoming by bank on bone. Contact is uniquely popular in Belgium and has something like an eighty percent market share among debit cards. What makes it so popular? We have sixteen million bank contact cards on the Belgian markets kits for a population of eleven million people. Everybody in Belgium. Now's the brands bank contact and has confidence in our brands which is very important importance in the payment periods and we bank contact products. We have enough team up positioning as we are in the wallet of all Belgians and on the smartphone of lot of Belgian people at merchants sites or bank contact solution is accepted by the big majority of merchants present on the markets kits and we have a very large ecosystem of partners supporting us going from twenty banks in Belgium issuing bank contact cards and present in or up up to the consumer side to fifteen occurs and seventeen peace peace payment service providers selling products to the merchants urgence and some additional partners ecorse. NPS peace will be life. Is this in the near future. This we are very attentive to constantly innovating not only for mobile payment solutions but also for the classical cut products and finally we are very proud to be a Belgian company and for us it's important to propose solutions answering the needs of local markets. Not only buying but also paying local is important for Belgian thousand people and from a survey that we did. It appears that eighty eight persons of the consumers would apps for belton payments methods. If they could who choose now it seems like bunk untucked had a absolutely fantastic presence in ECOMMERCE market. Everyone knows the name as you said. There's sixteen a million cards for population of eleven million people in Belgium. Why would Ben Contacts? Try to break out of the card market and go go into business with e wallets. We think mobile payments will have a huge success in the future. This are they going by bank contact APP Today. The user can pay mobile in multiple situations in shop on Internet's an invoice. And you can also pay back another smartphone user. Even even at distance that makes up really unique on the bench and markets and Sherry on the Gig with an android phone the user can also choose to pay contactless with smartphone. What we call tapping pay what we saw in genetics is at all successful? Mobile solutions started with B. Two payments but currently there are all busy with increasing merchants accents in Belgium. We decided to increase adoption of mobile payments solution at consumer Merchants sites at the same time because we think that mobile payments will become an adults. Only if you can use it in multiple situations shopping through your smartphone is already inhabitable lots of people and as shopping in paying go together we have to be present where bells and people are shopping. It just today. You can pay more bile at almost three hundred thousand shops in Belgium. This physical shops ICAN sites or even vending machines by scanning a contact or a big on. QR codes or APP TO APP and more than sixty thousand merchants accent. They conic as a permanent metal. We see a very positive volition in mobile payments in Belgium this if we look at the number of transactions we see that has grown one I answered percents between two thousand seventeen and two thousand eighteen and we see the same trends in two thousand nineteen growth of one hundred percents compared breath last year and very important to we see that more than fifty percent of the payments made with all solutions on ECOMMERCE. I don't know by resort APP and arrests is done with the bank contact cards and the gut he do. In survey we did in June two thousand nineteen billion. We learned that almost seventy percents of people. Having smartphone has a bank or payments up on this smartphone two years ago it was fifty five persons and people find mobile payments very convenience and why because it's rapid. It's easy and that you can also pay for small. What amounts without giving cash with you know you've mentioned some of the Nordic countries are also involved in with e wallets and making the cashless side of reality? The bunk contact pay Khanna Company recently joined him so which along several other European? LPM's is working together to create a qr standard for Europe. As I understand it. Why did bunk contact pay? Conic get involved in this. Yeah maybe avert about the context is after period when we saw civil traditional look oh schemes lose vast payments volumes to the advantage of the international card schemes currently are hever local schemes are emerging gain as alternatives to the international card schemes. A why is it a because countries or wants severing independence payment schemes. They can control to answer. rubs local economy and is domestic mystic schemes are new mobile schemes. Or all the local schemes such as bank contact company we have invested in offering mobile solutions. Sion's the next step would be to enable the use of the local mobile solutions internationally and that for instance belton consumer humor using the baker by contact up could pay visits in another country then we six other leading domestic mobile payment providers. We agreed to foster collaborations who association that European Mobile Payments System Association and that the moments we cover several counts hands freeze its Belgian Germany Austria Denmark Finland port against Sweden Switzerland and Norway but more countries in mobile payments schemes are expected to join the association over the next months at bank contact bitcoin company. We believe that collaboration between successful domestic systems can make the life of the consumer and merchants merged easier goal is that consumers use preferred reliable up to to pay abroad and your confidence that working together under the umbrella of the Association we promote into of the mobile payment solutions. uh-huh and we'll build a true European alternative and that's very important for the European economy. Does we will start working together on interoperability and we hope to see a first concrete results in twenty twenty all right Natalie. Thank you once again for joining us today. I really appreciate your time and thanks. Thanks again for your insights into the Belgian commerce market. You're welcome thank. You have a good afternoon by now. Okay bye-bye thanks for listening to the P. podcasts. If you're enjoying the show make sure subscribe on Stitcher. Itunes spotify wherever you hear podcasts and.

"nilekani" Discussed on PPRO Podcast

PPRO Podcast

19:55 min | 1 year ago

"nilekani" Discussed on PPRO Podcast

"Hello I'm Nilekani and this is the people podcasts. Every other week I sit down with James Booth to discuss the latest innovations investments and acquisitions that have taken place over the last week's alright well James thanks for joining us the moment so for a little bit lower energy than usual he asked us the reason why exactly it's the beginning of winter adr they get sick in the beginning of one set so he can we can race towards December being a little bit healthier does a very positive attitude always positive all right so this week let's kick off with Google aiman APP and India Google has been making a really aggressive push in India particularly towards their e Wallis there which they see could be third their main hub in Asia kind of combating alley pay and we chat pay in China so google has this payment APP at the moment which will essentially allow you to do everything yeah I mean it seems it seems India seems to be the playground for Google they're always launching new products there testing out new features it's it's definitely the latest battleground amongst most of the Fintech out there and this seems that this is Google I take it ah one of their their versions of Super App pretty cool I call my for them to launch it in Europe or the states will somewhere else so we get our house in bed it looks like a very cool initiative yes called Google spot and it seems to be primarily for Indian merchants and it's basically a way of getting the merchants way of creating their own brand at checkout experience with Google pay and beyond being a branded immersion checkout page it also serves as John aboard so if you are getting food delivered to you the next day you could be delivering the food yourself it seems yeah I mean it's it's it's kind of a full stack serve as you've got the merchant checker aren't you've got marketing within their you've got Oversee GIG economy type integrations within their yeah I mean it looks like it looks like there's already quite a few B two uses Clap Gubbio make my trip red bus each dot foot and ovens story or radio on board on the early access program and it seems Google's introducing jobs bots so I think there's quite a few players that and national players that are jumping boards this marketplace initiative of there so I think it's got significant legs I mean I'd I'd love to see this type of product being launched in the Western we've only seen it in South East Asia China Novice he is hoping to India and it would be great to see one of these all in one marketplace mega apps being launched in Europe finishing it'll save so much space on our on our iphone or android home screens okay so the appeal is basically you don't have to have the the APPs is just the one happened then they have like the Minneapolis inside of it is that right this is how we chat pay works I believe right yeah it's it's it's really just the the enough to rule them all I mean I don't think they would ever be one up and it would entrust google to be that up but at least there's a western player making that for step two combining all of these services because I think all of our e commerce services and APPs are so fragmented the moment we need something to start bringing them closer together and and if you can have two or three APPs that can do everything in my opinion that would be great and even if they were integrated into other services even if the APP was just is to layer and you still lying services underneath that would solve a lot of the fragmentation of the markets and a lot of the hassle of having to to dominate twenty pity apps all right and let's turn our attention to the east where pay pal has been making some news in China Pay Paul acquired a seventy percent stake the firm that operates under the go pay brand so obviously it's an undisclosed acquisition sedona actually homage they paid to get into the market but it's interesting that there's another wisdom play entering the the the Chinese markets I think the lawsuit that ended was American Express about a year ago almost so it's good to see more more players actually more kind of friendly competition between the way in the east in this regard so pale try to pay pal has not really tapped into ed all papal has been interested in seemingly the rest of the world outside of China but how does actually change the game in China I mean I don't think it's going to change the game overnight I I mean I didn't see Ya don't see them taking up a huge market share I mean I think it's just directionally it's very good it's I mean China already has a very crowded domestic markets but it is a very domestic market I mean there's no foreign is there and I think the fact that they're slowly opening the doors to one or two Non Chinese financial institutions is a good sign I mean it just opens up traded opens up possibilities and for me it's just bitter direction he in that five ten years time it could be a completely different landscape so you don't pay pal and American Express will be the last ones into China oh no no no I think there'll be more I mean and especially because I mean the main reason that they're in there is of his he for cross-border flows I don't see them yeah I don't see them winning local Markelle chair especially against alipay and we have had and you didn't pay that for cross-border transactions as crossborder trade increases they'll be an increasing need for more international payments firms to sit Open China and and obviously American Express and paypal or was he too the biggest names international equalness so I would expect as China gets more comfortable with cross-border flows they'd start opening the gate to more players non saying that there's a big political swig naked happen so who knows what will happen if he has time but I just think it's nice that more players in that market and we're able to see more revenue like we'll we'll see different products different opportunities pop up in that market so consumers using the go pay brand in China will be allowed to make cross-border e-commerce purchases through pay pal now how will that work from a technical setup do you think co pay is effectively a PS p within China Obviously they've got a wallet but primarily their their payment gateway of sorts so for paper aisle it's ready giving on of the local Chinese merchant and access to pay consumers so that obviously win paypal wallet holders wish trouble into China they really have for means to pay for prepay for I don't know hotels prepay for travel prepay for a retail goods excetera and they can now use the paypal wallet took purchasers goes rather than having to use traditional cadre all right well that's enough with go pay let's check out Mexico now because they have it a new payment service that uses both QR codes and NFC said another another Qr Code initiative I think we we auditor for cure could trend three four five weeks ago something like that we've we've raised the topic almost on every single PUTT 'cause it's an Oh papa trend I can see seemingly so so walk us through this decision that Mexico has with QR codes yeah so a Mexican based business coober digital national mobile payments platform that's that's a mouthful has announced it's now live across the country named consumers to make NFC an cure payments Qr Code Payments Sorry the platform to allow merchants to receive funds instantly with no commission charges to pay cody has been developed by Mexico's Central Bank so if Cobra digital national mobile payments platform abbreviated to cody I was developed by Mexico's Central Bank Banco de Mexico and all members of countries interbank electronic payments system with more than three thousand customer accounts are quiet offer the system to the consumers it's actually a a national initiative that's that is enabled this cure could and NFC payment which was pretty cool seeing it on a national level it's it's the equivalent of this in the UK the foster payments provoker linked launching a cure code initiative or for example in Europe the see ya through Sepah Magin CEPA had a Qr code standard so step is pretty much completely standardized framework for payments for interbank payments for direct debit consumer to business payments etc within the EU now imagine you how to cure heard layer attached to that so now you could integrate those into any point of sale that you like and essentially that's what they've done in Mexico's I think this could power a lot of their the local e wallets within Mexico. I'm it's going to be interesting to see how this affects car payments of is he launch NFC and cure it's going to be interesting to see if consumers good down the contact list NFC roots or just go straight to an e wallet APP in their preferred Skanky because I I guess what they're trying to test I would hope that good on the Q.. Occurred route get rid of all the plastic our wallets but it's one to keep aren't again and yeah I think I'd love to see this trend continue another markets cody is also a instant transfers to write says because it says commission payments are due in funds are transferred instantly from one big council another it's not only a standard for using SEO QR codes but it's also a way of me keen instant payments easily accessible for everybody and that's the cool thing about it because it's led by all the national banks so open to everyone I'd be interested to know what the the fees off or merchants and financial institutions but it's it's great that it's completely open everybody should have access to it the same way that everybody has access to CEPA in the e U or foster payments in the UK it should be a national standard and I think more countries should be launching these types of initiatives as national standards I mean I think I think my last point on this is this is just for the secon- economy that's just for Mexico it's GonNa be great to see if this influences any initiatives north of the border up up in the US or Canada or even don in Latin America I think the America is always a little bit behind when it comes to some of this new technology I mean we're already seeing in Europe there's cross country and Cross Wallet Cure Codes initiatives popping up and obviously the Mexico's one of the first in the US just launch ended is cure code so it's going to be nice to see where they are in a few years time whether they can also create a senator is cure code format so that work on a cross-border basis but I think that's thinking a few years ahead are just like to see this get up and running and being being used does sound like a not a pipedream but certainly born to a buzzy topic which is cryptocurrency obviously as you know there's there's there's been quite a lot of movement recently with libra yeah facebook a crazy idea that they could create a worldwide common currency with a lot of very high no shiny investors high I investors like Visa Mastercard and stripe as well as pay pal yeah I mean to summarize it labors effectively uh network of twenty or thirty or so participants who would be be a piggybacking off the Lebron Network crating let's say e Wallet App is that access the network seemed like with all of the backers that they really did have a decent chance and get in this up in writing however as time went by the the brand Ace books seem to to do it no justice because slowly confidence chipped away I think a lot of the negative press around facebook and they're they're wanting to control the world and not wanting to control their uses financial world I think it was a bit too much for some of the participants I mean re- recently visa and mastercard of slow down there yeah out there let's say excitement towards libra I think they've slowly backed off Said he called Feats didn't pitch up to the meeting and now they've decided to to back counts of the Association so I think they're gonNA start losing a lot of support especially amongst the big players that rarely have reputational risk at stake and do you think this is mostly an example of toxic brand bringing down a product so I mean I mean fundamentally I think products like this are good I mean I wouldn't say I may crypto currency evangelists but I think building new different products helps us taken the right step forward I'm not saying that this type of product is right where the bed when it comes to libra in particular I do think Hof of their don for is the fact that they're associated with facebook I think if it was if it was paypal or for Twas Visa MasterCard or if it was another fantastic that's has had so much bad news recently Sir any meetings that we should keep an eye on for libra not that I'm aware of I think this The past week with with paper dropping outer time.

James Booth NFC cody three four five weeks seventy percent five ten years
"nilekani" Discussed on PPRO Podcast

PPRO Podcast

08:28 min | 1 year ago

"nilekani" Discussed on PPRO Podcast

"Hello I'm Nilekani and this is the PPO podcast this week on our show. It is our fourth part in our ongoing series better knowing LPM this week. We're going to be discussing the pay by bank out. I'm excited to be joining from somebody. Working directly with the theathe Jonathan would senior vice president and Mastercard Jonathan. Thanks for joining me today on the podcast before we actually start discussing the pay by bank APP could you you tell me a little bit about what you do at Mastercard. Yeah Sure Nile and thanks for inviting me onto. This podcast thrilled to be here. It's nice to talk to you so at Mastercard God. I am responsible for all of our pay bancap activities in the UK. I started off actually started working vocalist prior to the mastercard acquisition moved to cross to call mastercard couple of years ago and I'm responsible for everything we do with payback cap here in the UK excellent so pay bank APP as you sad is new product. What kind of product is exactly isn't an e wallet. is a bank transfer scream. Is it a credit card or what. What is it yeah. It's in fact why don't I give you a a little bit background and then I'll I'll explain exactly what it is and how it works if it's helpful so payback bank cat is was created prior to the acquisition of vocal and by mastercard so more than the two years have passed by since that acquisition it was created under the ownership of the UK banks designed to be digital by default built built for 'EM CARMEN e COM transaction powered by the bank's own mobile banking APP and is an application service built as an overlay to the UK faster payment instant payment capability so it's not a new APP no new user names no new passwords the mobile banking APP that we're increasingly increasingly familiar with here in the UK is the APP that powers the payment. Actually it's really just a button but it's a payment aiman button this changing the way we pay securely online it really was built to set the gold standard for mobile initiated online payments in in a world where the mobile banking. APP has become the most used financial services APP so we see around twenty million loggins day of consumers people like you and I human beings things using the mobile banking APP to interface interact with their bank account and we bill pay by bank cap as a new digital by default way to pay for goods services online. That's powered by that mobile banking APP that we use every day now that's pretty interesting so this is an APP that was originally created by UK banks and it was to facilitate eight online transactions. Is that correct yeah. It's bill as I say digital by default. It's built for M E com world and it's built for a world world where we're using our smartphones increasingly to surf online to buy things online and in a world where we using mobile banking APP to everyday to interface and and interact with our banks so you know in terms of how it works whilst there's a lot of clever technology behind the scenes Nile this technology is designed to be invisible to us. This is consumers. The user experience paperback cap is fast and easy so on a website. I'm shopping. I see the payback kept button in an online payment basket. I hit the button to pay and that button press initiates a request to pay message invoked into my trusted mobile banking thing I've got on my phone already so I- authenticate into my mobile banking APP in the way that I do every day when I want to log into my account I review requests to pay which means I see retailer brand. I see the value that they're asking me to pay the thing that I wanna buy. I check my balance in real time I hit precede and the payment is initiated. Instantly over the faster payment ray goes directly to the settlement account of the retail merchant. I'm then automatically taken back to the retailer confirmation page and that's it. It's done and I think crucially sleep so what you didn't hear me. Describe was having to give the retail merchant any information so crucially all that happened without having to send anyone my precious payment minute credentials is I saw request pay. I said I wanted to pay. I hit the button and the money moves so now I pay without the risk associated with having to share any payment credentials with retail merchant. What we know in today's world is as a consumer. I'm increasingly nervous about giving anybody my payment credentials and I should be but we also know that retail merchants don't really want my payment credentials to have to hold securely because it's a risk for them so this really benefits both elements of that ecosystem as consumers don't have to give anybody those payment credentials as a retail much and I didn't have to hold them and that's remembering that pay bancap is that overlay service to our first payments capability we already process millions of transactions a year on Foster Austin payments we move trillions of pounds moved instantly every day so we have the core infrastructure. That's faster payments. We've built payback cab into the core. Banking solution is the mobile banking and it's going to revolutionize the way we pay online. I know you mentioned earlier about twenty million users using pay per day who who actually has access and who can actually use the payback out yeah so this point. I should clarify I wish we had twenty million users using every day so the mobile banking APP so did you bank in the UK Nile no I'm based in Munich okay all right so if you're in the UK and you bank with HSBC Lloyds you know the the the main banks we'll use a mobile banking up here in the UK and it's my way of interfacing with my bank accounts rather than doing it online or calling them going into a branch increasingly the mobile banking APP. He's the way that we choose to interface with our bank and that's the banking APP. This used about twenty million times a day so when you integrate is we have pay BANCAP into the mobile banking APP capability. You're you immediately access. Millions of consumers already enabled with a mobile banking APP really pay bank happiest evolution of that mobile banking so today. I'll use the mobile banking APP to interface interact with my bank. Check my balance move money from one account to another for example pull now. I can use that mobile banking as a safe secure easy way to pay for things online so it's really works in tandem with existing bank. APPs karate exactly so the bank caps exist already most consumers in the UK with a bank account. We use a mobile banking. APP Say Twenty Twenty Million Logan's Day tells us we've all fallen in love with our mobile banking up here in the UK. It's the way we like to interface interact. What we've done is built a technology to integrate into the core banking system to leverage leverage that utility mobile banking APP the thing we use everyday to evolve it so that it can now power a payment to a retailer title so there's kind of a crossover with your questions so one of the things you're you're kind of asking who can use it so the answer really is anybody who likes to buy online uses a smartphone an uses a mobile banking APP so once bank implements pay by BANCAP as a payment option so for example the millions of consumers will ready who bank with HSBC or with with opinion account it automatically becomes a payment option in that mobile banking APP so no new APP known you know new passwords payment capability is powered by that mobile banking APP that I trust and use every day so I didn't have to do anything different as a consumer of nothing to download. I already use the mobile banking APP. Now I can use it to pay stuff online very interesting very interesting so this has a fairly wide audience already as you mentioned because of all the establishment banks that you partner with but are there any. Is there any particular demographic groups that you see using this type of payment method more than others yeah so I think now as you would expect from a digital by a default payment option something that's built for the world of digital payments us as tend to be the digitally savvy customers. They buy online for sure. They use their smartphone smartphone to do it. They enjoy using them mobile. Banking APP is their preferred way to interact with their bank. Account Uses of payback banker will be concerned and about that personal data. I'm will value the bank grade. Security Payback Bank gives them so whilst it's not always possible with traditional payment methods wherever possible its best really never to give anybody your payment credentials if you can and pay bancap makes that possibility a day to day reality for those of us shop online and don't want our payment credentials.

UK Payback Bank Mastercard Mastercard Jonathan BANCAP Jonathan senior vice president Twenty Twenty HSBC Foster Austin HSBC Lloyds partner Munich two years
"nilekani" Discussed on PPRO Podcast

PPRO Podcast

10:46 min | 1 year ago

"nilekani" Discussed on PPRO Podcast

"Hello i'm nilekani and this is the people podcasts every other week. I sit down with james booth to discuss the latest innovations investments and acquisitions that have taken place over the last weeks james on vacation this week but i'm pleased to say i'm joined by richard harrison harrison who will be filling in for him richard. Welcome to the podcast and what do you do at p. So i work in the partnership development team responsible for oh new partners and managing existing partners excellent okay so then let's kick off with our weekly recount. What what was your first interesting story from the week so there's quite a few things that happened this week. <hes> the first one i think which is a pretty big. One is the announcement of apple releasing their their own credit called and this is i guess is pretty big one because i guess we're any organization that wants to remain profitable within certainly the payments industry. They've got to stay sticky with consumer. I think apple's done a really good job because they release their own credit card which is in conjunction with goldman sachs and i'm old enough to know <hes> <hes> that's in the financial recession back in two thousand and five goldman's was probably one of the the biggest banks actually stayed strong so i think it's really good move from from apple's tim up goldman's but in terms of how the the apple pay wallet works <hes> again. It's really intuitive way because they've actually now created their own cards which you can essentially spend your your balance in your apple wallet. I'm in any destination whether it be online or offline so with apple a- as as you may know you can use apple pay wherever a retailer can can accept it but now if doesn't you can put <hes> your rather swanky platinum apple pay card which is backed by mastercard and pay so connected so like i said it's a really good move from malvo <hes> to to keep people sticky to the brand and i think apple's ultimate goal is i guess for world domination. They're gonna say plaza lisa yeah. It's really interesting also with like the rewards program. They have with the credit card as well. If you buy apple products you get three percent cashback all your purchases or one percent but it it does seem to be only for apple loyalists because you get three percent cashback for when you purchase apple products on the app store and the apple store fiscal apple stores and then you only get one percent cashback for any other kind of bridges and the standard for the industry i believe is roughly three percent for cashback arches. Anywhere yeah i mean again is really clever. Move from apple because <hes> two big things i guess in the industry or in retired as a whole right is loyalty and like i said stickiness <hes> <hes> yeah what apple was doing is basically saying to anybody who's not an apple fan or consumer of an apple products. Look here's a fantastic credit card. You can use it and but you have to go and buy an apple phone right and you have to have an apple account so yeah it promotes increased consumer by right which again is good for apple and nowadays like you know. Everybody wants more back in the day when again i was young enough to remember balancing my checkbook and things like that right. You got no loyalty with that. It was just a piece the paper and now people want more. They don't go and get a credit card just because you can use it in any retailer they get it because of what they get back. I'm a big fan of british zsa credit card because i get lazy saviors points and it means i can spend them on flights so that for me that that's my thing and other people will say cashback is is a big thing because optimally they view as a discount when they bind gets when the other interesting points about the apple credit card is the privacy aspect. I think you mentioned earlier that there's no credit card numbers on the card self might just be your name on there and then also to authorize the purchases. You have to use either face or touch i._d. With your apple phone yeah i mean again apple a pretty good with the whole privacy thing the only <hes> actually funny enough leads me onto another which reds which was <hes> a research touch which was done by a company called iovision and essentially i've ation took i think something like thirty billion transactions online which was done between two thousand the sixteenth two thousand nine hundred and they analyzed it to see how much actually frauds or how many risky transactions done whilst apple is is very good yeah keeping peoples details priva- <hes> or the privacy element of security it does beg the question that if we if we are increasingly as we are in this well making everything mobile orientated right because that's what people have today right they don't have laptops don't have <hes> desktops or anything i do a lot of their banking or their purchase and everything on their devices with this increase of being able to spend <hes> from from your apple account. Let's say what impact is that going to have on on the number of risky transactions elections and i unfortunately to say when the when i was doing their reports the majority of the risky transactions coming from america which is yeah. The biggest consumer is is one of the biggest consumers out there so it'd be interesting to see what happens with this another step forward to keeping everything sticky with apo everything within your mobile device be interesting to see what happens with fraud risk. Everything is all right so yeah. Let's move on to our next topic which is clark does so clarence week got a four hundred sixty million in dollar investment which brings the total evaluation of corner to five point five billion and this is impressions who i guess takeover of the u._s. us market or at least enter the u._s. market. That's an astonishing figure. This is i think the largest european payments company ever yeah. I mean it is scary. How much money people are throwing around that. I mean again. I think back to like t- thousand cough fifteen two thousand fourteen when powerball braintree <hes> yeah they bought it for uh hundred million dollars which was was quite significant <hes> evaluation overseeing back then now we're talking about a company that's worth five five and a half billion dollars and i think a majority of the grossest come out of kleiner is probably come from the states and i think he's probably more of a generation as well because yeah klina have awesome really intuitive products by now spit payments pay later you know that sort of thing and i think it's now peeling more to the younger <music> generation if i can say that being in my forties like classified younger generation anymore but you know there are people out there who will choose to buy i allow valued item and they'll use kloner whereas before kloner was more for you know buying a tv and spreading the cost iva three months six is month whatever or buying on credit and painting on a bat in the merchant gets their money whereas now people are actually using climate to buy a sandwich. I mean i've seen the prices for sandwiches. How much is in london that makes total sense. Well especially in the city yet can get pricey. I mean obviously not sandwich but a pair of shoes right which could be fifty sixty pounds off awards fifty sixty dollars using clan announced. Its purchase the payment so yeah the the younger generation will the y. Degeneration which are coming into the table that they're using now and i think that's probably why crohn's fantastic job spreading around the world big target market is the u._s. Because again this saw so many consumers there yeah and this is actually something that i spoke about with wilhelm hamilton from chlorinate a couple of podcast episodes ago and this is something he explicitly explicitly mission with travel so a lot of millennials might not have that much money they still want to have very instagram -able vacations and so oh they will book more expensive flights morrison's definitions and then they will spread out the costs yeah and i think again with my my own manhattan on here. I think the <hes> the the fear i guess i can see with that. Is it gives the younger generation of people who may or in lower our income <hes> situations access to be able to do that. Do exactly what you said by a more expensive hotel or travel or airplane ticket or goods goods or whatever and i guess it'd be interesting to see what sort of impact is going to have on people's debts because again in the olden days you know if he didn't have the money. You didn't buy it right as simple as that. Whereas now we have credit we have the ability to split payments over a few months <hes> or having people giving people sorry access to be able to buy these more expensive items which i probably wouldn't have traditionally been able to afford obviously the four hundred and sixty million dollars income from snoop dogg loan but there are a lot live different investors right and one of the other major investors in this round of funding was the commonwealth bank of austrailia and the reason why they've actually gone into this is that they've noticed that people are using credit cards less and less to make purchases therefore they're cut is getting smaller and smaller and investing coroner is actually a way of hedging their bets and making sure sure they're still going to be making money long into the future yeah exactly and i think testament to school banking regimes if if you can call it that like you said hedging their bets to see what's going to happen in the future because people don't put money in banks anymore <hes> or people don't use in traditional banking credit cards right there so many providers out there and there's so many other access to funds and i think if you all a traditional one hundred 150-year-old bang you've got to be versatile and he got to be flexible otherwise you're not gonna be able to compete so yeah. It's interesting to see these guys investing in cloners another interesting in news story from last week's was mastercard has made their largest purchase ever <hes> they went ahead and spend three point one nine billion dollars to buy a scandinavian company called nets richard working. Tell me about this. I was unfamiliar with nets <hes> before this yeah so this is again is pretty good movie from from oscar because i think in today's world right everybody is <hes> wants convenience right and no one wants to wait for anything and that includes your money and what moscow scotus down with his partner punisher with nets is access to this real time <hes> payment so in conjunction with their partnership nets is a very deeply deeply ingrained payments business in many markets around the world so what moscow under can now do is essentially fund merchants or move money in very real time basis now realtime means different things <hes> real time can be anything up to an hour that can be considered real time career.

apple richard harrison harrison james booth goldman sachs development team austrailia crohn london america snoop kleiner fraud moscow oscar wilhelm hamilton
"nilekani" Discussed on PPRO Podcast

PPRO Podcast

10:46 min | 1 year ago

"nilekani" Discussed on PPRO Podcast

"Hello i'm nilekani and this is the people podcasts every other week. I sit down with james booth to discuss the latest innovations investments and acquisitions that have taken place over the last weeks james on vacation this week but i'm pleased to say i'm joined by richard harrison harrison who will be filling in for him richard. Welcome to the podcast and what do you do at p. So i work in the partnership development team responsible for oh new partners and managing existing partners excellent okay so then let's kick off with our weekly recount. What what was your first interesting story from the week so there's quite a few things that happened this week. <hes> the first one i think which is a pretty big. One is the announcement of apple releasing their their own credit called and this is i guess is pretty big one because i guess we're any organization that wants to remain profitable within certainly the payments industry. They've got to stay sticky with consumer. I think apple's done a really good job because they release their own credit card which is in conjunction with goldman sachs and i'm old enough to know <hes> <hes> that's in the financial recession back in two thousand and five goldman's was probably one of the the biggest banks actually stayed strong so i think it's really good move from from apple's tim up goldman's but in terms of how the the apple pay wallet works <hes> again. It's really intuitive way because they've actually now created their own cards which you can essentially spend your your balance in your apple wallet. I'm in any destination whether it be online or offline so with apple a- as as you may know you can use apple pay wherever a retailer can can accept it but now if doesn't you can put <hes> your rather swanky platinum apple pay card which is backed by mastercard and pay so connected so like i said it's a really good move from malvo <hes> to to keep people sticky to the brand and i think apple's ultimate goal. Is i guess for world domination. I think they're going to say plaza lisa. Yeah it's really interesting also with like the rewards program. They have with the credit card as well. If you buy apple products you get three percent cashback all your purchases or one percent but it it does seem to be only for apple loyalists because you get three percent cashback for when you purchase apple products on the app store and the apple store fiscal apple stores and then you only get one percent cashback for any other kind of bridges and the standard for the industry i believe is roughly three percent for cashback arches. Anywhere yeah i mean again is really clever. Move from apple because <hes> two big things i guess in the industry or in retired as a whole right is loyalty and like i said stickiness <hes> <hes> yeah what apple was doing is basically saying to anybody who's not an apple fan or consumer of an apple products. Look here's a fantastic credit card. You can use it and but you have to go and buy an apple phone right and you have to have an apple account so yeah it promotes increased consumer by right which again is good for apple and nowadays like you know. Everybody wants more back in the day when again i was young enough to remember balancing my checkbook and things like that right. You got no loyalty with that. It was just a piece the paper and now people want more. They don't go and get a credit card just because you can use it in any retailer they get it because of what they get back. I'm a big fan of british zsa credit card because i get lazy saviors points and it means i can spend them on flights so that for me that that's my thing and other people will say cashback is is a big thing because optimally they view as a discount when they bind gets when the other interesting points about the apple credit card is the privacy aspect. I think you mentioned earlier that there's no credit card numbers on the card self might just be your name on there and then also to authorize the purchases. You have to use either face or touch i._d. With your apple phone yeah i mean again apple a pretty good with the whole privacy thing the only <hes> actually funny enough leads me onto another which reds which was <hes> a research touch which was done by a company called iovision and essentially i've ation took i think something like thirty billion transactions online which was done between two thousand the sixteenth two thousand nine hundred and they analyzed it to see how much actually frauds or how many risky transactions done whilst apple is is very good yeah keeping peoples details priva- <hes> or the privacy element of security it does beg the question that if we if we are increasingly as we are in this well making everything mobile orientated right because that's what people have today right they don't have laptops don't have <hes> desktops or anything i do a lot of their banking or their purchase and everything on their devices with this increase of being able to spend <hes> from from your apple account. Let's say what impact is that going to have on on the number of risky transactions elections and i unfortunately to say when the when i was doing their reports the majority of the risky transactions coming from america which is yeah. The biggest consumer is is one of the biggest consumers out there so it'd be interesting to see what happens with this another step forward to keeping everything sticky with apo everything within your mobile device be interesting to see what happens with fraud risk. Everything is all right so yeah. Let's move on to our next topic which is clark does so clarence week got a four hundred sixty million in dollar investment which brings the total evaluation of corner to five point five billion and this is impressions who i guess takeover of the u._s. us market or at least enter the u._s. market. That's an astonishing figure. This is i think the largest european payments company ever yeah. I mean it is scary. How much money people are throwing around that. I mean again. I think back to like t- thousand cough fifteen two thousand fourteen when powerball braintree <hes> yeah they bought it for uh hundred million dollars which was was quite significant <hes> evaluation overseeing back then now we're talking about a company that's worth five five and a half billion dollars and i think a majority of the grossest come out of kleiner is probably come from the states and i think he's probably more of a generation as well because yeah klina have awesome really intuitive products by now spit payments pay later you know that sort of thing and i think it's now peeling more to the younger <music> generation if i can say that being in my forties like classified younger generation anymore but you know there are people out there who will choose to buy i allow valued item and they'll use kloner whereas before kloner was more for you know buying a tv and spreading the cost iva three months six is month whatever or buying on credit and painting on a bat in the merchant gets their money whereas now people are actually using climate to buy a sandwich. I mean i've seen the prices for sandwiches. How much is in london that makes total sense. Well especially in the city yet can get pricey. I mean obviously not sandwich but a pair of shoes right which could be fifty sixty pounds off awards fifty sixty dollars using clan announced. Its purchase the payment so yeah the the younger generation will the y. Degeneration which are coming into the table that they're using now and i think that's probably why crohn's fantastic job spreading around the world big target market is the u._s. Because again this saw so many consumers there yeah and this is actually something that i spoke about with wilhelm hamilton from chlorinate a couple of podcast episodes ago and this is something he explicitly explicitly mission with travel so a lot of millennials might not have that much money they still want to have very instagram -able vacations and so oh they will book more expensive flights morrison's definitions and then they will spread out the costs yeah and i think again with my my own manhattan on here. I think the <hes> the the fear i guess i can see with that. Is it gives the younger generation of people who may or in lower our income <hes> situations access to be able to do that. Do exactly what you said by a more expensive hotel or travel or airplane ticket or goods goods or whatever and i guess it'd be interesting to see what sort of impact is going to have on people's debts because again in the olden days you know if he didn't have the money. You didn't buy it right as simple as that. Whereas now we have credit we have the ability to split payments over a few months <hes> or having people giving people sorry access to be able to buy these more expensive items which i probably wouldn't have traditionally been able to afford obviously the four hundred and sixty million dollars income from snoop dogg loan but there are a lot live different investors right and one of the other major investors in this round of funding was the commonwealth bank of austrailia and the reason why they've actually gone into this is that they've noticed that people are using credit cards less and less to make purchases therefore they're cut is getting smaller and smaller and investing coroner is actually a way of hedging their bets and making sure sure they're still going to be making money long into the future yeah exactly and i think testament to school banking regimes if if you can call it that like you said hedging their bets to see what's going to happen in the future because people don't put money in banks anymore <hes> or people don't use in traditional banking credit cards right there so many providers out there and there's so many other access to funds and i think if you all a traditional one hundred 150-year-old bang you've got to be versatile and he got to be flexible otherwise you're not gonna be able to compete so yeah. It's interesting to see these guys investing in cloners another interesting in news story from last week's was mastercard has made their largest purchase ever <hes> they went ahead and spend three point one nine billion dollars to buy a scandinavian company called nets richard working. Tell me about this. I was unfamiliar with nets <hes> before this yeah so this is again is pretty good movie from from oscar because i think in today's world right everybody is <hes> wants convenience right and no one wants to wait for anything and that includes your money and what moscow scotus down with his partner punisher with nets is access to this real time <hes> payment so in conjunction with their partnership nets is a very deeply deeply ingrained payments business in many markets around the world so what moscow under can now do is essentially fund merchants or move money in very real time basis now realtime means different things <hes> real time can be anything up to an hour that can be considered real time career.

apple richard harrison harrison james booth goldman sachs development team austrailia crohn london america snoop kleiner fraud moscow oscar wilhelm hamilton
"nilekani" Discussed on Museum Archipelago

Museum Archipelago

13:19 min | 1 year ago

"nilekani" Discussed on Museum Archipelago

"Welcome to museum archipelago. I'm in Elsner. Museum archipelago guides you through the rocky landscape of museums. Each episode is never longer than fifteen minutes. So let's get started museums on the Australian island of Tasmania are a microcosm of museums all around the world. They struggle with properly interpreting their colonial past the exclusion of first peoples from telling their own stories in major museums, and having a large privately owned art museum reshape small town, this month on museum archipelago. We're taking you to Tasmania for the next three episodes were conducting a survey of museums on the island and exploring, how each of them relates to the wider landscape of museums today, we begin at the cascades, female factory in the Tasmanian capital city of Hobart. It's at the center of a shift in how Australians think of the role that convicts played in the colonization of the island Nilekani story is the story that everyone's heard about everyone seems to have an affinity, you'll want to discover something about it. It's awed that the famous story is equally as fascinating and as intra. Ticket as the mail story. And yet, until recently, nobody's really showing that much of an interest in it with the exception of Family Research, is what people who have specific connection the site tells the story of European colonization van demons land, the original European name for house mania, from the female perspective, the whole penal transportation to a stray and subsequently van David's land started as a result of prisons in England post industrial revolution and people ending to crime to, you know, without all of the industries that used to machines, taking their jobs. The prisons, just started to literally or floor so they needed a mechanism to get the people out of those spaces study the overcrowding and the colonization of Australia was an attempt or one of the many attempts to get that population out of Britain, and essentially fall, far away, over one hundred seventy thousand men, women children were transported from Britain during the transportation phase, which started in New South Wales in the late seventeen hundreds and. And invent land in eighteen ninety three the only museum in has mania that represents the female convicts story is the cascades, female factory where Dr Jody steel works as the heritage interpretation manager tie. My name is George steel, and the heritage interpretation manager for the foot off the historic sought management authority. We are lucky enough to be the portfolio manages three world heritage thoughts, which phone pot of the strain comeback sites. World, heritage nomination and the famous factory for under her portfolio, understanding, why the site is called the female factory means understanding, how the female convicts were seen as resources to the early, colonists, moving men Acuras labor force was something that seemed to make a lot of sense to the Brits to be able to pick up men and moved them across to fold trees into gather all the materials necessarily for building as literally building, and you colony. And then, of course, if you want that population to grow that can't be done with men, alarm, so in the early eighteen hundreds. The first vessels with women on board came, there's women in the first days as convicts we usually assigned directly out to the early promo population as your servants. So you housemaids you kooks and things like that as soon as anyone in that situation needed to be reprimanded for anything. I done they needed an establishment to do that. So as a result of that the cascades, female factory was established right here. Yeah. Rocky of eliciting? So the female convicts were an amazing resource to that particular set of colonials, they could have female convicts coming in care for their children witnesses educators, and a lot of these women were just petty criminals, you know, that were quite skilled at a number of trade. So you had you seamstresses and all of the trades that the men didn't lend a hand Stor. You needed somebody to do laundry for the colony. And so having a prison filled with women who you wanted to put onto hard labor to punish them laundry was one of the greatest ways to do that. You could all of the military prisons. Could have they, they uniforms laundered here in Boston? And so it gave the colony massive resource of trades that the men went to, which is why it got its name is the female factory the system operated under a strict series of punishments. That was nevertheless, at the discretion of the guards, it was managed by a hierarchy of those incarcerated and was encouraged by attitudes towards what it meant to be a respectable woman in the colonial society. A lot of the women who were assigned out where assigned out to people, some of them to people that they knew some of them even today, husbands, which is quite curious. And I think in those instances, there's an absurdity to the system where these women were assigned to people that, that would genuinely in love with. They wanted to have families week they go pregnant pregnancy while you were under sentence was considered a crime, which meant that those women ultimately would be removed from their assignment, bought back here to have the child, they would spend time with the child when it was a baby. They would be usually waned quite quickly from their mother and sometimes. Within within months that mother would then be back on the sentence being punished separated from her child with the child being left in the care of other convict women in the nursery, usually, but sort of three years of age the child would then be removed from this location. The nursery here removed into an orphan school, you may never see your child again now as somebody who wanted to have that baby with the person they will with that must've been horrific and then there is the flip side to that story when you could be assigned out to an individual master, he may have had absolutely no choice in folding pregnant, and yet you were the one who gets punished for that occurring, you would come back in here and quite often that into that, individual, who you were assigned to originally would simply just get a new female convicts servant, and, you know, you'll lift under punishment for something that was clearly not your fault. It must have been horrific. Dr Steele, says the biggest interpretation child. Enj- is that it's so easy for visitors to see the entire population of incarcerated people rather than individuals with vastly different often contradictory experiences. People come with a an understanding of mass population. They think of the convict population, and unless they happen to be descended from an individual convict. They find it really hard to think about the individual within the system and with over seven thousand women, passing through this sort of, you know, base few yards Lorne, and it seems to be that mass mentality that we try to break down here, which is one of the well, from my perspective is one of the more fun, things that I get to do is to find the audio-vidual, who's got an amazing tale, whether it be of a tragic tale, or title of resilience and strength telling the stories of individuals is complicated by the fact that not many artifacts remain. The site itself is made up of three yards surrounded by sandstone walls with only markings on. The ground indicating the size of prison cells or nurseries, the challenge here. Unlike a lot of our other convict site, museums is that the artifact jewel material associated with female convicts in really present even state, museums don't have a lot of material associated with female convicts, there is an, the material history surrounding them, that's made maintain it has for the men. That's probably one of the hottest things to deal with is the fact that the most of the convict population clearly didn't have access to the time or the inclination to sit down run daily journal, and most of them the literacy Wilson, particularly high, usually when they arrived, but part of the cone BIC system was actually educating a lotta these people. So a lot of them lift with a much better education than when they came in. But again, by the time they could have sort of sat down and written a journal, they will most likely off getting married building businesses building, the, the colony as it is today. So there's a massive gap and. We really do. Rely heavily on what he is. The administrators view of these individuals. Right down to the way they described the when they got off the ships, and then we rely heavily on their descendants, who have all those stories in the ARL histories associated with how they fit family some built up from as individual women. Dr Steele, talks about a massive cultural shift in Australian attitudes towards ancestors, who may have been incarcerated because the family stories of the female factory go back just two or three generations. It's an opportunity for the museum to better interpret, and educate by becoming a hub for those stories for a very long time having a convict densest. It was considered something to be ashamed of, and that's probably only shifted in the last twenty years, why people now have the sense of pride of being descended from Kong-based when they were became aware that even though they may have been criminal, some of them quite serious. Some of them petty that they wear responsible for essentially building the new colony of ustralia and so. That's that's been a real shift in people being really proud of it now. And because genealogical Ray set she's now like enormous. We've got access to things that, that aren't that oppressor record the convict records business records and images of shopfronts where these people built businesses massive massive change in attitude. The female factory is in the middle of a design process to open the brand new history and interpretation center on the site, the process begin with an architectural design competition, judged by an all female panel. It's really important when we're working on this, that we recognize the contribution of women to society. I mean that is that he's what is place is, is recognized and part of that process when we put the coal out for the actual design competition was that we really wanted women to contribute to this project. We had over fifty original people who came in here, put their hand up to get involved in the competition and. We pulled together a team of amazing women mostly architects, and the chair about Boyd, Sharon Sullivan, who oversaw the process, and it'll was the review of all of the nominations looking for things like female contribution, of course, looking at the heritage impacts, and how the building would would sit in the in the landscape. And what stories the building itself might tell that the new building that they were hoping to put in this space will be clearly identifiable as a brand spanking, new building, that is that is part of our intention, but it will also hopefully be aside from being beautiful architectural structure where hoping that it will recede. And then the individual stories will come out as you're inside the building the building, will be located, or the cellblock location. So, I guess, in a linear form, it will represent part of the historic landscape, but outside of that most storytelling, we'll have to be in a very different format. We'll have to get really. Creative. We work really closely with a group of people that are called the female convict research center, that started, as, as a bunch of women female researches, who I think that would forgive me for saying that totally obsessed with female cone, BT street, and they have built up a an amazing Dada base of all of the female, convict women. And so we have access to that database, any would I mean what an amazing thing to be able to nor that you have a female big ten sister to be able to come here to tap into that? Find out how long they were here exactly what space they were living in working in even being punished in to be able to go to that space and stand essentially in the footprints of your ancestor would be an amazing thing. You can see the winning design in the show notes for this episode. The architects, call for a beautiful, but solemn building with plenty of play between the open spaces of the yards as they are today and the confined spaces of the cells as they used to exist. List, who is a city partially built with convict labor, but the reminders, the type of stone on the building, for example are subtle and you have to know what you're looking for a structure like the one proposed removes the subtlety and makes it harder to forget. I would, I would love, you know, the female convict history to be the first thing that people engage with, and then to flow on into into the story of the men, I want people to walk away, even if they don't have a better understanding of, of convict female convict history. I want to walk away asking questions and I think that's what we all want in, when we billed as places we want them to start questioning what they believe what they think what they knew before. They walked in the door. I don't necessarily I mean subliminally I'd love to educate everyone who will stir the dole. But quite often those people are on holidays, and they probably don't won't be lectures for narrative off about convict history. But I want them to walk away, questioning, you know what these place meant to test mania or you know what the women at least filter will win through to try and get some kind of, you know. Gut reaction from the midst of that experience that these people went through to create the place that we live in working today.

Dr Steele Tasmania Britain Hobart Elsner Nilekani Dr Jody steel Boston Australia George steel England ARL Enj van David Wilson ustralia New South Wales Ray Boyd
"nilekani" Discussed on Fareed Zakaria GPS

Fareed Zakaria GPS

06:17 min | 2 years ago

"nilekani" Discussed on Fareed Zakaria GPS

"Support for Farid's Ikaria GPS comes from our friends at rocket mortgage by Quicken Loans who were excited to introduce their all new rate shield approval. If you're in the market to buy a home rate, shield approval is a real game changer. And here's why first Quicken Loans will lock your rate for up to ninety days while you shop. But here's the crucial part. If rates go up your rate stays the same. But if rates go down your rate also drops either way you win. It's the kind of thinking you'd expect from America's largest mortgage lender to get started. Go to rocketmortgage dot com. Slash GPS critics call fears. Funny tribute to Ruth Bader Ginsburg is really the closest thing to superhero RPG CNN film Labor Day, ninety stern in Pacific on CNN. This is GPS the global public square, welcome to all of you in the United States and around the world. I've read Zaccaria. Today on the show, the state of America. It's a nation, divided nation and tumult. Is it a nation in decline nation whose glory days behind or is America as strong and innovative as ever. I'll talk to three authors who set out to explore the real American beyond the belch win beyond the headlines. Jim and Deborah follows of Steven Brill. Join me to discuss this. And reading writing and 'rithmetic round the world. Global lessons from the one man who has spent his career studying the best education systems around the globe. What the US can learn from others. Also take talk tick, tock, seconds, minutes hours, days, months, and years. Just what is the nature of time. At our our days truly number. I will talk with the brilliant physicist car. Novelli kind really goes at different speeds depending how you move and where you are. But first, here's my take in September. Google will celebrate its twentieth birthday when it was founded in one thousand nine hundred eighty eight. It was one of many search engines, but it quickly became the chief gateway to the internet and is not one of a handful of debt companies that dominate not just the American economy, but also increasingly American life. It reasonably received a birthday present from the European Union, a record, five billion dollar fine for violating antitrust laws that came just a week after the UK slept Facebook with a fine for lion, Cambridge Analytica to mind, personal data from as many as eighty. Seven million Facebook users. The penalty was much smaller, six hundred sixty thousand dollars, but it was the maximum allowed under British rule. These ones are one sign that the era of unbridled faith and optimism in the technology industry is coming to an end. As the information revolution took off in the nineteen ninety s we all got caught up in the excitement of the age along with the novelty of the products and their transformative power. And yet as these revolutionary technologies created new industries destroyed others and reshaped communities and cities. We simply assume that this was the way of the world and nothing could be done to change it or shape it that would have been socialist style interferes with the free market. But the result does not seem to be one that a libertarian would celebrate. We now have a tech economy dominated by just a few mammoth companies that effectively create a barrier to entry for newcomers. The other noticeable consequence has been the erosion of privacy highlighted by the Cambridge alloy the Facebook scandal because technology companies now deal with billions of consumers. Any individual is a spec, a tiny data point. And since for most technology companies, the individual. The consumer is also a product, whose information is so to others for a prophet he or she is doubly disempowered. Change is likely to come from two directions, regulatory action in the west will force companies to play by the rules as the recent fines show and will create new rules to give more control to the individual and may the European Union instituted the general data protection regulation, which makes it much easier for people to know how they data is being used and to limit that use violators can be fined up to four percent of their global annual sales. Importantly, these rules apply to any company working with Europeans data. So American tech companies have had to change their policies to the second direction is even more intriguing comes from the east until recently as the Indian entrepreneur Nandan Nilekani pointed out to me that were just a handful of companies with more than one billion users on their platforms all companies based in the United States or China, Google Facebook, ten cent. But now India has its own billion person digital platform. The extraordinarily odd how're biometric ID system whose creation nila Connie oversaw it is the only one of these massive platforms that is publicly owned. That means it does not need to make money off user data. It's possible to imagine that in India, it will become normal to think of data as personal property that individuals can keep or rent or sell as they wish in a very open and democratic free market at innovations in blockchain technology. And we are likely to see even more challenges to the current gatekeepers of the internet in the near future. Changes coming to transform the world of technology properly handled. It can produce free markets, lower barriers for new entrepreneurs and fresh technologies combined with greater individual empowerment. Now that's something even the technologists in Silicon Valley should be celebrating for more go to CNN dot com slash read and read

Facebook United States CNN America Quicken Loans European Union Google Ruth Bader Ginsburg India Farid nila Connie physicist Novelli Nandan Nilekani Cambridge
"nilekani" Discussed on FT World Tech Founders

FT World Tech Founders

01:40 min | 4 years ago

"nilekani" Discussed on FT World Tech Founders

"I think about definitely change but the changes slower than what the government would wants her minister murder was aiming for the top fifty in the world banks ease of doing business index by 2017 you can kind of stuff at that list maybe a little but the idea that india's only this year moved up one ranked two hundred and thirty one hundred ninety countries says a lot about the ongoing problems i mean they're still a poor infrastructure still unreliable power supply there's still kind of difficult labor and land laws and the stories you hear about europe's here accurate i mean talking to business owners and people trying to set of small businesses in mumbai you get depressed on their behalf a lot of the time happy can impact will bill gates in connie half with their projects this is how bill gates categorized it government is the key in the long run the education services at least regulating the health services even if private providers come in some most of what plan three does is it funds the are indeed whether that's a new vaccine or a bunch of digital software and then it funds pilot programmes so for example in bihar new p we put welltrained people in and we do pilots to try and improve the performance of that they've already had an enormous impact to feel caught bill gates conditions done with polio eradication for example ministry impressive or if you look at what done is done with dr alone again really impressive and there are worries but privacy and such vitim it works but at the same time it does if all goes to plan set a norma's the powerful base for india to push on.

murder india power supply europe mumbai education services health services bill gates
"nilekani" Discussed on FT World Tech Founders

FT World Tech Founders

01:42 min | 4 years ago

"nilekani" Discussed on FT World Tech Founders

"I mean if you're looking at india's market its place of greater opportunity and as i say india's kind of digital revolution to use that phrase is inevitable i would say though that on carnival wider level on a policy level i mean there's a lot to worry about we should indian entrepreneurs that the country still actually a pretty difficult place to do business we mess up with arch of balaji is that's up stale aji which is an asian version of abby and be and here she wanted to base his business in india but found the bureaucracy so complicated that he's gone to singapore instead from regulate replant of view for ease of business would ease of beamon's we had to but you know register company in singapore and uh that you know with india if you bring a dollar into the country to get a daughter out of the country you have to go to the legal hoops through the desert bank of india and for us being our suppliers on time as for the dumbed and conditions and the promise remake the dembin the list with us is paramount these understand that this in diet indian ecosystem for startups is only a couple of years old so the government to his figuring stuff out you know and i think it'll take a couple of years for them do figure out how money can flow in and out of india easily especially if you're running a legitimate cert org and that's that's something that i think the trying to work out in it lapping but undelivered in singapore the dick's under week a company and open a bank account and find every document that was me.

india beamon bank account abby singapore
"nilekani" Discussed on FT World Tech Founders

FT World Tech Founders

02:01 min | 4 years ago

"nilekani" Discussed on FT World Tech Founders

"Digitisation over time which the indus stack enables is really good because the fees structures will be lower in a digital world than in a cashbased world india on follow the manufacturing who ruled go development and growth what japan south korea china and southeast asia because manufacturing itself is becoming highly automakers this chineseowned capacity every commodities thumbs solana's too steep and so that's out i i think also with the sort of globalization feeling around the world with brexit trump and all these other things i think global growth in great won't be as it used to be lingo the golden unite is over so india's economic growth has be domestic services based but typically services don't raise productivity ready high but as we think with technology infrastructure soviets productivity can walk magically so this country india's job creation and growth the in the economy's going to grow law it'll probably of the big economies grow the most at all but these digital opportunities can make sure that a gross faster in in a more equitable way because all the systems we're talking about in we want banking for the very poorest we want interactive education for the very poorest we want to health record for the very poorest and and so it's amazing that this india's stack that nandan has been so involved with release foundational for a ton of the work that the gates foundation is doing in partnership with the government cippico gates netanyna county send incredibly optimistic at is not just the professional optimism of people in their position or is that feeling of optimism shared more widely by india's upped entrepreneurs it's definitely a professional optimism for heart to not be drawn into that optimism third they claim to an indian on indian oak entrepreneurs also are very optimistic.

india japan south korea southeast asia gates foundation solana
"nilekani" Discussed on FT World Tech Founders

FT World Tech Founders

01:32 min | 4 years ago

"nilekani" Discussed on FT World Tech Founders

"It's hard i think outside of india to get a sense of just how painful this has been for people i mean even someone like me who's obviously ft correspondent on middleclass them comfortable but this has been a a total pain i mean i've i've struggled my friends at struggled we can't get cash easily and that's all we talk about it and then you kind of have to think that if we're suffering this much like what's happening to those people who are more vulnerable in the economy you have to ask whether the pain of this was worth the effort isn't worth inflicting cement of pain to accelerate the push in the most extreme cases people are reportedly dying and i think in a vast vast number of cases those at the very bottom of indian society are suffering hugely rural areas areas where there aren't witnesses and access to atms or bank accounts bill gates gave a speech to one of india's policy think tanks during his visit and during that ecomog complimented the move by prime minister moody and said it was a bold move would accelerate but the push towards financial inclusion and the formal economy but the next day i think he kind of more fully understood the problems with implementation and kind of had to walk back on that and reverse it into a no comments manda does seem to acknowledge that it's going to be difficult summer montchal shocked on bayne because of the transition between nbc's beeper but i think in some sense accent agreed the digital insight but they both feel that in the long run it's going to have benefits.

india prime minister bayne nbc digital insight bank accounts bill gates
"nilekani" Discussed on FT World Tech Founders

FT World Tech Founders

01:43 min | 4 years ago

"nilekani" Discussed on FT World Tech Founders

"What we find fascinating is that you can install kind to clean up something which is created who can just jump for example when he booted ahdab been mr van from people not having an identity to a billion people having a digital identity the facination is that actually this licking their become a place to really leapfrog in ways that had gone to the west deputies new particular moment to change dear you could say that about anytime over the last ten years in a way i mean yes it is a particular moment of change because those changes keep coming under accelerating but no because there's already being a change underway for awhile now i mean other are has over a billion people registered mean that didn't happen overnight and what about demonetisation this recent move by the central bank of india to remove certain bank nets from secular action with very little warning yes it's can a speed up the move to digital cash but it's a really tough on people isn't it bites say that in a way that has shown just her farther is still to go you know you remove eighty six percent of india's notes in circulation getting rid of the five hundred repeal and one person repeat notes which were those listening is like a quivalent of getting rid of the fivepunt notes and the tempo noten in england but there's no larger notes and you know if digitization was fully advanced you had hoped that it would be really simple for me particularly middle class guy with the bank account in mumbai to live without cash and go to the market and that kind of thing but it it's it's it's not an it's easier for me them for a lot of people because one of the wealthiest pits of the wealthiest cities of india but it's still not as if i can go to buy vegetables in the market using my mobile.

mr van central bank digital cash india england bank account mumbai eighty six percent ten years
"nilekani" Discussed on FT World Tech Founders

FT World Tech Founders

01:37 min | 4 years ago

"nilekani" Discussed on FT World Tech Founders

"Health care is super important if this country used to achieve it's incredible potential you've gotta improve the health care system were you still have lots of infectious disease diarrhoea pneumonia now you're starting to have diabetes cancer neurological disease so the the challenge of the health system are really incredible the idea that digital gives into chance to things well it's stronger here than in many other countries a lot of countries thing k the status quo is okay in any new thing they're mostly worried about will go backwards we'll have some privacy problem are or something we're india people know the status quo isn't so grant so the idea of a kill list price something new john may have a few imperfections but you know the chance of upside is very high there's more discussion even in the political class about how digitisation can improve things then in other countries yes on countries like singapore gonna on a good job but here in india people know that the way the government systems work today just as inadequate so they're willing to say let's try something new of course we have to be smart about the reliability in the privacy is we do these things but the sense of opportunity whether it's payments and then eventually these areas like health and agriculture the engagement is very strong and what you'll see is that in the next couple of years in you will be more digitized than any other country and they'll be a lot of entrepreneurialism private sector and philanthropic and government that's built on top of that.

health care system john india diabetes
"nilekani" Discussed on FT World Tech Founders

FT World Tech Founders

01:35 min | 4 years ago

"nilekani" Discussed on FT World Tech Founders

"So it's called an extent which even with my limited hindi i can translates as one step but maybe it something more like i it it's not for profit efforts which was cofounded by london and his wife rohani and the idea is to get basic literacy and numeracy into the hands of india's children as anyone is is being in india will know an education is a massive a problem over here and also i mean defacto an opportunity i think none done sees it as kind of a fundamental way to get india going my wife and i funding should have called stepped up black fall which allows enhanced learning outcomes on a smartphone for millions of children and building it has an open platforms for different people can be that on content and it's all data beast and it's it's laura technical step but fundamentally can we delivered a great learning expedients to a child in a village on a form that's that's and bill gates and gates foundation meanwhile looking mainly at healthcare they also look at sanitation but i think it's fair to say that that health would be the biggest program in india you know they work on issues of maternal and child health immunisation family planning nutrition it's a pretty long list and i think the idea to keep in mind which they push themselves the whole time is that the problems are interlinked so i give the example themselves of an indian woman it doesn't have a bank account for more subtle to two per kilo says need support you in pregnancy and you can't look at these problems and 'isolation so they go for carnival multi spectrum approach.

india gates bank account london
"nilekani" Discussed on FT World Tech Founders

FT World Tech Founders

01:32 min | 4 years ago

"nilekani" Discussed on FT World Tech Founders

"When they get to one of the things are always talking about as is financial services and how to bring them to india's poor india stack is probably the best way to do that i think over like i'm quite excited about the person i think it's a cool idea it's kind of a digital infrastructure that people can build upon its dart's kind of with dr which is india's giant biometric id program which undone help to build used to head the organisation the broader debates and then on top of that you have this opens architecture that now contains things like an electronic knowyourcustomer a digital signature under unified payments interface and then people can build on top of that i think maybe the best way to describe it is what was described to me this way is like a financial version of google maps in the same way that others like an air bnb came and built on top of that people can come and build upon and use india's stack now that believes that growing mobile buffet ship is the key handy sankoh programming interface in sort beeping in the jogging conan's fbi obligation program may on both the fact that a million people i would be late in the night's phone something coming ubiquitous me of a million phones including fifty million smartphones and everybody is getting a bank on either through the gunman pushing the gend than program audits will be max coming in so what everybody has a bank account in a identity and a mobile phone cemented neil economy was important in creating the stack he's also now got an educational programme.

financial services digital infrastructure india digital signature google maps conan bank account mobile phone fbi
"nilekani" Discussed on FT World Tech Founders

FT World Tech Founders

01:30 min | 4 years ago

"nilekani" Discussed on FT World Tech Founders

"Admire palmer embassies world tech found as a new podcast series about entrepreneurs in emerging markets restarting the series with credit unusual episode because a reporter in mumbai david care had had both bill gates the microsoft founder and philanthropist and now under leconte cofounder emphasised the indian it services company in the same studio talking about digital transformation in india it's a super exciting time for digital thing i'd say more here in india than than anywhere in the world now both men have repeatedly applied their experiences tech founders to largescale social problems and the no interested in tapping into in different ways the changes that are happening in india david tell us why was bill gates in india on this occasion world so bill comes to india once a year basically to see what's going on me policymakers meet other philanthropist that kind of thing his foundation gives more crimes in india than anywhere else except the us i think he sees india as a bit of a testing ground it's got big problems on their all interlinked and i think maybe in the background there's an element of if you can fix it here you can fix it anywhere so he he came here comes every year and he has a look around and he also makes sure just about every time tomato put london none down him i think our friends and allies to check in with talk with events ideas around with and then they seem to be very excited about what they calling the india stack can you explain a little bit about what they mean by that.

palmer reporter founder india bill gates mumbai microsoft