Episode description

On this episode, host Vince Passione is joined by Matt Harris, Partner at Bain Capital Ventures. Matt provides an insightful look into the evolving world of fintech, sharing his knowledge of new technology waves and the dynamics of the finance industry. From the intricacies of fintech to the expanding influence of generative AI, the conversation touches on a myriad of topics reshaping the landscape of financial services today.

Key Takeaways:

(03:48) Matt shares his background and how he first entered the world of fintech.

(06:02) The importance of monetizing through embedding financial services, specifically with software companies.

(16:19) Insight into insurance and banking as a service, and their slower penetration into the market.

(16:56) The opportunity presented by offering financial services embedded in data-rich software.

(18:14) Generative AI's role as a new wave of technology and its potential in software businesses.

(18:36) Reflections on the fintech bubble during the Covid era and its aftermath.

(19:30) Historical comparisons of financial bubbles and the pace of recovery.

(20:08) The evolving perception of fintech from a niche to a core component of financial institutions.

(21:13) The overlap of technology across industries and its implications for future funding.

Matt Harris - https://www.linkedin.com/in/mattcharris

Bain Capital - https://www.linkedin.com/company/bain-capital-ventures/

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#BusinessLoan #CreditUnion #Lending #Fintech