Fintech Impact

Summary:Host Jason Pereira interviews Dave Faulkner, CEO of Razorplan. The two discuss RazorPlan’s easy but comprehensive financial planning system, and Faulkner provides details about its background, development, and benefits. The two also share ideas on the future of financial planning.Show Notes:● 0:15 - Plan Plus Global Financial Planning Award - Pereira highly suggests competing● 1:10 - Introduction of Dave Faulkner● 1:20 - RazorPlan is a comprehensive but simple financial planning system● 2:00 - Faulkner gives some historical background● 4:50 - RazorPlan focuses on cash flow at retirement and goals-based prior to retirement.● 5:10 - Faulkner explains why he appreciates the ties between insurance and investments● 6:05 - Start with the retirement plan● 7:00 - The two agree that there needs to be some governance on financial planning● 10:00 - One thing is often missing from a financial plan - minimum rate of return required to meet your goal● 12:00 - What should be done with excess capital?● 13:35 - When d

Summary:Host Jason Pereira interviews the leadership team of Four Eyes Financial, a data discovery tool used by brokers and dealers to help gather information and transform their businesses from transaction based to relationship based. The group discusses their integrative approach, dynamic tools, customization, and future plans in the industry.Show Notes:● 0:55 - Introduction and background of Four Eyes Financial● 2:35 - Transactional vs. transformational approach● 3:55 - The process of the tool● 6:11 - The advisor aspect of the process● 7:15 - Still rolling out the tool, but have discovered two issues● 8:22 - A new way to approaching the client portal● 9:27 - Still working out details about ownership● 12:10 - The group explains the transparency of accounts● 13:30 - They explain the dynamic tools that clients can use on their sites● 14:58 - How they layer solutions● 17:18 - Integration vs. innovation. Staying one step ahead of competition.● 19:07 - Their biggest shock entering the industry was the “dirty” da

Cascades Financial Solutions Inc. Summary:Host Jason Pereira interviews Jonathan Kestle, an Advisor with Casades Financial Solutions Inc. which is a company specifically focused on financial accumulation and retirement income calculation. Kestle explains why the Cascades’ software has been and will be extremely helpful for the retiring population.Show Notes:● 0:38 - Introduction of Cascades Financial Solutions - a retirement income calculator● 1:54 - Kestle explains the history of the company and his background working there● 5:30 - He talks about how to use the Cascades software● 8:10 - He explains why strategy matters● 10:10 - People often forget about the estate tax● 10:55 - Kestle explains why best practices need to be adjusted to meet current needs● 13:00 - As the boomer generation starts retiring, Kestle wants to make the Cascades software readily available● 14:06 - Kestle describes the output of the Cascades software● 17:05 - Cascades provides a chart explaining which money comes from which account● 18

Summary:Ian Crosby, co-founder and CEO of Bench Accounting gives an overview of his accounting company and how it takes care of its customers. Bench helps entrepreneurs with their bookkeeping needs by making it simple, affordable, and easy. Crosby discusses the innovative approach of Bench, gives advice to entrepreneurs, and talks about wanting to help people with their accounting needs.Show Notes:● 0:25 - Ian Crosby is the co-founder and CEO of Bench Accounting, an accounting company that fully handles entrepreneurs’ accounting needs.● 1:10 - How Bench Accounting was founded● 2:42 - Services Bench Accounting offers● 4:37 - How Bench Accounting is helpful for entrepreneurs● 5:30 - Why the Bench mission and messaging is different than those of other companies● 8:05 - Why Bench accounting focuses on bookkeeping and considers it the foundational piece of accounting● 10:20 - Provides confidence and reliability that there are no mistakes in the books● 12:05 - The Checklist Manifesto,a book about emergency checklis

Summary: Jason Pereira, award-winning financial planner, university lecturer, and writer, speaks with Clark Richey, CTO of FactGem, about the recent strides in connecting “big” data and the challenges associated with it.Show Notes:● 0:35 - Clark Richey, CTO of the data linking company FactGem, gives some background information about his company.● 1:55 - Richey explains his own background.● 3:05 - Host explains why data analysis is important.● 3:50 - Richey explains the steps and challenges involved in analyzing data.● 5:44 - Why are certain companies able to gather a great deal of information linked all together?● 7:18 - Why are certain established companies really struggling with this problem?● 8:50 - Older companies especially in the financial sector have created their own problem because of sticking with old technology.● 11:13 - Discusses his first steps including education and examples when sitting down with company leaders.● 13:35 - Talks about challenges of interacting with internal IT departments.● 16:

Summary:Jason Pereira, award-winning financial planner, university lecturer, writer, speaks with Mauricio Di Bartolomeo, CEO of Ledn, about how he is changing the financial landscape with bitcoin. Ledn is accepting bitcoin as an asset and uses it to create an even lending playing field.Show Notes:● 0:45 - Mauricio Di Bartolomeo is the CEO of Ledn. Ledn is a bitcoin lending company.● 1:07 - The company provides services around digital assets● 2:57 - How Mauricio’s Venezuelan roots affected how he saw digital assets● 5:31 - How bitcoin can help the economy of Venezuela● 7:00 - Volatility is relative. In Venezuela, Bitcoin is more stable compared to their currency● 10:32 - Why the focus tends to be on the evil rather than the justice of Bitcoin● 12:00 - Bitcoin as a means to lending and how Ledn started● 13:34 - There was nobody around that would accept digital assets and Ledn saw that as a big problem● 14:20 - Bitcoin is an asset and should be considered as such● 15:29 - How to use Ledn’s bitcoin platform for a

Summary:Jason Pereira, award-winning financial planner, university lecturer, writer, speaks with Stephanie Holmes Winton, Founder and CEO of CacheFlo. CacheFlo is a fintech company focused on giving advisors and clients what they need to manage their cash flows. Built off of psychological proof and Stephanie’s experience helping people manage money, CacheFlo is a real-world approach to helping people change their habits with money and manage their spend holistically.Show Notes:● 0:45 - CacheFlo is a tech company focused on providing expert level advice and tools to companies to inform them about their cash flow● 2:51 - The principles Stephanie used to create CacheFlo● 3:30 - People make good money but didn’t know where the money was going● 3:45 - The technology Stephanie created gives her clients tools to alter their behavior and create good habits when it comes to money and their cash flow● 4:45 - How to change the way people spend money● 6:42 - Why Stephanie decided to create software● 11:00 - The customer

Shield FCSummary:Jason Pereira, award-winning financial planner, university lecturer, and writer, talks with Shiran Weitzman, CEO of Shield FC. Shield FC is a data aggregation platform that is enabling faster communication with clients and faster flagging of compliance issues.Show Notes:● 0:45 - Shield FC is integrating communication into a next generation compliance platform● 4:28 - The company connects electronic communication with trade communication● 6:30 - One of the biggest contributions of this platform is the regulatory aspect● 8:45 - The platform shows the importance of data aggregation and normalization● 10:38 - How the platform interacts with APIs● 11:54 - Every vendor has a proprietary format● 16:45 - The value of the data is the aggregation and correlations, not any advice per se● 18:40 - Machine learning is incorporated to tag financial compliance issues within the platform enabling a new age of financial compliance in the industry● 22:25 - How the differing country regulations change the commun

Summary:Jason Pereira, award-winning financial planner, university lecturer, writer, explores a royalty lending model with Sam Kawtharani, CEO of Corl. Corl is a company targeting the lending space with a new royalty model. They look for cash-heavy, asset-light companies to invest in with their model. On top of lending, Corl is moving the needle in business analytics and Security Token trading.Show Notes:● :30 - Corl is a business that helps business raise funds through a royalty model and blockchain● 3:00 - How Corl is helping more businesses get access to capital in the lending space● 6:00 - As long as the buyer can breakeven with the top royalty, it is still a cheaper option than other equity options● 8:44 - Some founders have had a hard time wrapping their head around the new funding method● 9:05 - Many companies participating are the ones that aren’t quite ready for venture capitalists. The other sides are the companies ready for venture capitalists but want to bootstrap the business and have cash inject

Summary:Jason Pereira, award-winning financial planner, university lecturer, writer, sits with Daniel Eberhard, CEO of KOHO. KOHO is a company that develops tech solutions to make the financial sphere more user friendly.Show Notes:● :30 - Introduction of KOHO and CEO Daniel Eberhard● 1:30 - KOHO is a company focused on creating financial tools that make the banking experience more user friendly. The tools essentially sit on top of the secure bank’s back-end allowing Koho to focus on the UX.● 2:00 - The set-up of KOHO allows the platform to be more client focused● 2:30 - Daniel was inspired by the archaic banking structure of Canada● 4:45 - Banks are disinsentified to provide a better, cheaper service and platform● 6:15 - The two things banks must have to be successful● 8:16 - KOHO user experience from discovery to use● 10:00 - How KOHO gives users a rich insights into their financials● 11:34 - The tools also help you set financial goals. The create a spendable balance alerting you on how much you have. It is

Summary: Jason Pereira, award-winning financial planner, university lecturer, writer, speaks about the future of finance. As he celebrates the 50th episode of this podcast, Guest Host Guy Anderson talks to Jason about the six key technologies that will alter the future of finance. Tune in to see where 2019 will take finance.Show Notes: ● :30 - 50th Episode celebration!● 1:00 - New website and brand being launched soon● 1:14 - Guest Host Guy Anderson● 2:00 - Artificial intelligence and the basic use cases that are trickling into the financial services industry● 4:00 - AI is dictating notes with a client and highlighting actions with the client● 5:46 - AI enabled robo advisors ability to create analyst report● 7:20 - How artificial intelligence is getting rid of many administrative jobs● 8:30 - Differentiation between artificial intelligence and algorithms● 9:00 - The bar keeps getting moved higher and higher for artificial intelligence. Siri for example.● 10:00 - How augmented reality is entering financial ser

Jason Pereira, award-winning financial planner, university lecturer, writer, speaks at the Toronto Area Accountants Network Conference: Fintech, and How it is Revolutionizing our Relationship with Money. Jason highlights a variety of different technologies that are changing the way we do business and making many heavy-lifting tasks obsolete. For a taste of the financial future, don’t miss this episode.Show Notes: ● :30 - Introduction to the conference Jason will speak at.● 1:00 - How technology is changing the financial and accounting space allowing more interaction with clients.● 1:40 - We will talk about different technologies: The cloud, API, Data Aggregation, Big Data, and Blockchain.● 5:50 - How big data is enabling new sales in asset management.● 9:00 - The most useful application of blockchain is the obsolescence of reconciliation.● 10:20 - Is there a reason transaction and accounting software can’t be integrated.● 11:15 - Accounting softwares now integrate directly into payroll software.● 11:38 - API

Summary: Jason Pereira, award-winning financial planner, university lecturer, writer, speaks with Alan Moore, Founder and CEO of Advice Pay. Alan has enabled payment solutions for fee only financial planners. Alan’s mission is to give value-adding advice for next gen clients. Alan is changing the face of advising and molding it into an industry that helps rather than deceives.Show Notes:● :30— Introduction to Alan Moore and Advice Pay.● 1:00— Advice Pay is about getting paid for advice rather than for what you sell.● 2:25— How Alan went from Pharmaceuticals to Financial Planner opening his own practice.● 8:00 — Advice Pay was about helping Financial Planners doing real advising for next gen clients.● 10:00 — How financial planning is a helping profession that enables people’s goals.● 13:00— The barriers of having a service only financial planning practice.● 16:00— States do not have all the regulations and a lot of them are not written down.● 20:10— How there is no billing platform that supports the mode

Summary: Jason Pereira, award-winning financial planner, university lecturer, writer, speaks with Kyle Kemper, Author. The two discuss crypto and the future of blockchain.Show Notes:● :30— Introduction of Kyle Kemper, Author, thought leader, and consultant in the Crypto space● 1:30— Kyle’s bitcoin awakening and what he has done since then to progress blockchain● 2:36— What is possible when we have a single place to store our digital assets● 3:33— Through our phones, we can capture a lot of different things - gps, data, locations. There is a big opportunity to also store our digital unified wallets.● 6:19— How Kyle got to do a two hour demo of crypto purchasing for Canadian CEOs and Mayors● 10:00— We operate in a society with a lot of technology welfare--facebook is free, Google is free● 11:00— How aspiration and reality can skew data● 12:30— Unlocking the Golden Age with a unified wallet● 13:40—The unified wallet can be used for health applications, voting applications, implications around security and redund

Summary:Jason Pereira, award-winning financial planner, university lecturer, writer, speaks with Andrei Poliakov, CEO of Coinberry. Coinberry is breaking the barriers to enter the cryptocurrency market. They offer the best rate and no fees which encourages people to dabble in crypto. Andrei shares what life is like inside of a start-up and the challenges he faces in this groundbreaking agency.Show Notes:● :30— Introduction of Andrei, CEO of Coinberry.● 1:00— Coinberry is a solution to knock down the barriers to enter the crypto market.● 2:00— We believe in the future of cryptocurrency so we want to give people the ability to enter into it.● 2:33— Coinberry is a platform where users can buy and sell cryptocurrency from the comfort of your cell phone. Essentially bringing cryptocurrency into the mainstream.● 3:19— Andrei started in the tech space.● 5:00— Blockchain was always an interest for Andrei.● 6:00— The idea for Coinberry was born out of the attempt to settle a restaurant tab that a group of several nati

During the 45th episode of the Fintech Impact podcast, Jason Pereira sits with Daniel Faggella, CEO of Emerj. Daniel well known consultant in the Artificial Intelligence space and shares his thoughts current and future implementations of AI in the financial industry.Show Notes::30— Introduction of Daniel Faggella, CEO of Emerj3:20— The AI trends we are seeing now and how they are adding value to fintech.4:30— Artificial Intelligence can be valuable by finding patterns of sourcing financial fraud.6:33— Why noting the differece in transactions is more useful than setting rules when spotting fraud8:19— AI has its limits. AI can properly route customer service tickets to the correct person. However, it can´t navigate customer phone calls.12:20—How AI is successfully being applied for loans and insurance underwriting to assess risk.15:00— How we can find risk proxies to correlate risk and suss out patterns.18:00— In insurance, the AI game changer will be implemented within the customer experience.19:00— How the pr

Summary:During the 44th episode of the Fintech Impact podcast, Jason Pereira, award-winning financial planner, university lecturer, writer, sits with Andrew Ostro, Co-founder and CEO of PolicyMe. Andrew shares how his digital tool, Policy me, is changing the face of life insurance. Jason and Andrew discuss how the tool is streamlining and reinventing an industry that has a bad reputation of customer service and marginsShow Notes:● :30—Introduction of Guest Andrew Ostro, CEO of Policy Me● 1:00—PolicyMe is a digital life insurance advisor. They allow the customer get the best price for what they need.● 1:50— Andrew worked as an actuary and within the insurance industry. Insurance is historically technologically behind.● 3:00—There are some principles of the industry didn ́t influence change.● 4:20— Agents tend to maximize their revenue rather than focusing on the clients protection.● 5:00— Meeting with advisors can tend to be a large time suck. Policy Me tries to reduce the time spent on finding the ideal polic

Summary:During the 43rd episode of the Fintech Impact podcast, Jason Pereira, award-winning financial planner, university lecturer, writer, sits with Dan Rosen, Co-founder and CEO of D1g1t. They discuss how D1g1t is improving the digital wealth managment side of advising. D1g1t is creating a tool that streamlines and desegments financial advising. The impact is huge.Show Notes:● :30—Introduction of Guest Dan Rosen, Co-founder and CEO of Digit.● 1:00—Digit is a new digital wealth management platform.● 2:16— Digit bridges the gap of lack of client-facing tools.● 4:20—The tool doesn ́t replace advisors but instead add value to the current human advisor.● 6:25— Of the three most important life questions, two of them are purely financial.● 9:00— Dan ́s experiential background from chemical engineering to alchemy. He shares how he arrived where he is today.● 13:30—The UI and UX of Digit is equal to none. It is a revolutionary product.● 14:47— If you find a true need, people will tell you what their painpoints are.

Summary:During the 42nd episode of the Fintech Impact Podcast, Jason Pereira, award-winning financial planner, university lecturer, writer, welcomes Melissa Best, CEO and Founder of Quickestate. After 32 years as a money manager, Melissa leveraged her knowledge to create a tool to make estate settling easier for families. Quickestate is the company that resulted. It is a company that provides the software which allows for an easy estate settling process. The tool supports advisors in giving the best support to their clients and allows the information to be presented in an organized, actionable way. Melissa and Jason discuss the intricacies of settling an estate and how Quick Estate eases the settlement process.Show Notes:● 1:00—Quick Estate is a tool that allows people to organize their estate before disaster struck● 1:50—Melissa was a money manager as well as a portfolio manager for estates. The estate process was so painful for families.● 3:00—With do it yourself technology, Melissa empowered clients to eas

Summary:During the 41st episode of the Fintech Impact podcast, Jason Pereira, award-winning financial planner, university lecturer, writer, welcomes George Bordianu, Co-Founder of Balance. Balance is a cryptocurrency solution that allows people to invest and diversify their assets. Balance offers customers simplicity and ease while navigating the cryptocurrency. Jason and George delve into the intricacies of cryptocurrency and how Balance solves customer pain points.Show Notes:● 0:50—Introduction of guest George Bordianu, Balance.● 1:00—Balance is the easiest way to invest in cryptocurrency.● 2:55—Balance was born out of frustration.● 4:40—There is no pool of money; there is clear distinction between each clients share.● 6:17—With Balance, you can buy a diversified portfolio with one click.● 7:24—People pay a little larger fee without having to worry about diversifying.● 8:40—There is a finite set of finance business models but there is an infinite number of scams.● 9:15—Unlike Robo-advising, Balance cannot t