In conversation with a Silicon Valley veteran

Join a Silicon Valley veteran for a thought-provoking conversation on the moral implications of building a FinTech company, including the importance of transparency, responsibility, and prioritizing customer well-being.

Key takeaways
  • It’s essential to ask questions and consider moral implications when building a company.
  • The main question is whether a company wants to offer services similar to a bank, and if not, what DNA does it have.
  • Every company should have a set of clear moral guidelines and consider its actions and decisions.
  • FinTech is not immune to moral issues and companies must take a stand.
  • The key to success is to be transparent and honest in all aspects, including lending and data security.
  • The industry has evolved, and companies should be prepared to answer tough questions about their decisions and practices.
  • Regulators are not the only enforcers of morality; companies must take responsibility for their actions.
  • Transparency and providing calculators can help consumers understand the cost of borrowing money.
  • The industry should focus on building products that are accessible, honest, and transparent.
  • Moral implications are everywhere in the FinTech industry, and companies must be prepared to answer questions.
  • It’s crucial to prioritize the well-being of customers and ensure that products are designed to help them, not harm them.
  • The industry is evolving, and companies must adapt to changing consumer expectations and technological advancements.