Episode 1 - Raj Date

Published: April 6, 2015, 1:19 a.m.

Launching Our Podcasts: \xa0Barefoot Innovation

I\u2019m thrilled today to announce two innovations for my blog \u2013 first in\xa0what\xa0we\u2019re sharing here, and second, in\xa0how\xa0we share it with you.

Welcome to our brand-new podcast program,\xa0Barefoot Innovation,\xa0and to our first episode --\xa0a conversation with Raj Date, former Acting Director of the CFPB and now Managing Partner at Fenway Summer LLC.

Raj has given us the ideal launch into our series, because these podcasts are designed to be a\xa0search\xa0-- for ideas on how to do better for financial consumers.\xa0 We\u2019re seeking out better products and practices, smarter\xa0regulation, new kinds of business models and cultures, new ways to empower consumers, and above all, new technology, which is suddenly making it both possible, and necessary, to rethink today\u2019s system.

We\u2019re conducting our search through conversations. We\u2019re finding the most fascinating people in the field. That includes, importantly, lots of people who don\u2019t know each other \u2013 who barely even know\xa0about\xa0each other \u2013 but who are actually working on the very same challenges from different angles, amidst rapid change. We listen to them, mix their insights, and through the mixing, germinate new ideas.

Finding new ideas is urgent, because\xa0consumer financial services is the first industry to face technology-driven disruption while being both essential to everyone, and massively regulated. The changes coming will be both good and bad \u2013 which means they will, inevitably, disrupt the regulatory system, too \u2013 with all its enormous complexity.

Everyone involved in serving and protecting financial consumers needs new strategies, now, to navigate the years of upheaval ahead. To do that, people must look beyond their niches, at the whole landscape that\u2019s changing around them.

Barefoot Innovation\xa0makes that more easy, and more fun.\xa0 We've built it for:

  • Industry and regulatory people who want to understand the fintech world
  • Fintech innovators who want to understand the regulatory world
  • Tech companies \u2013 ditto, and
  • All the people working toward financial inclusion and fairness

We will talk about it all. Mobile payments, big data, artificial intelligence, machine learning, the internet of things, voice technology, behavioral science and manipulation, personal financial management (PFM), online companies and channels, marketplace lending and investment, Bitcoin and crypto-currency, and emerging new business models and cultures. We\u2019ll explore all the related regulatory trends in fairness, fair lending, \xa0inclusiveness, transparency, suitability, privacy, data security, risk-assessment, compliance innovation, banking system access, principles-based regulation, enforcement, and regulatory complexity and cost.

We\u2019ll talk with start-ups, venture capital people, bank executives, non-banks, global tech firms, compliance leaders,\xa0 lawyers, regulators, ex-regulators (like me), policymakers, advocates, academics -- the whole spectrum.

Every podcast will provide some practical advice, some long-term insight, and some fun.

(And some will bring you surprises.)

So, for today, please listen in on my conversation with Raj Date as he shares his thinking on technology, competition, regulatory risks, advice for banks and non-banks, and some suggestions for regulators. \xa0Join me for\xa0Barefoot Innovation,\xa0Episode One.

Here is the URL to subscribe:\xa0http://www.jsbarefoot.com/podcasts/?format=rss

You can also find the podcast by opening your favorite podcast provider (iTunes, Overcast, etc.) and searching for Jo Ann Barefoot or by clicking HERE.

Listen and enjoy!

Please note that the views expressed by guests on Barefoot Innovation are their own and do not reflect the opinions of Jo Ann Barefoot or Jo Ann Barefoot Group LLC, nor do we endorse any product, service, or company discussed.