Aaron Schumm, CEO and Founder of Vestwell, knows firsthand how broken America's savings system is. When he tried to set up a 401k for his previous 30-person company back in 2010, the process was so difficult, expensive, and confusing that he decided to build a better solution. Today, Vestwell serves 2 million savers with $50 billion in assets, has reduced 401k setup times from 40-70 hours down to just minutes, and runs 14 state-sponsored auto IRA programs including New York's Secure Choice.

In this episode, Aaron explains why fintech has largely failed to move the needle on financial health, too many point solutions that put the onus back on individuals to figure out what to do and then implement it across multiple accounts. His solution? AI agents that will automatically route money from your paycheck to the optimal savings vehicle based on your income, location, tax rates, existing savings, and life circumstances. And he says we're less than a year away from making that a reality.

In this podcast you will learn:

• What is broken with the current savings system in America.
• The problem at his previous business that was the a-ha moment for Vestwell.
• Their initial use case and how they got going.
• How their product works exactly.
• The three channels they work with.
• How they are working with New York State and other government programs.
• The conversations they are having with the Federal government around savings programs.
• The percentage of employees who typically sign up for an auto-enroll program.
• The scale that Vestwell is at today.
• What their technology stack looks like.
• How much easier it is to set up a workplace savings plan through Vestwell than traditional companies.
• The different revenue lines for Vestwell.
• How they are working with Amazon.
• Why we are not further along in helping Americans with their financial health.
• How autonomous AI agents are going to optimize our financial lives in the future.

Connect with Fintech One-on-One:

• Tweet me @PeterRenton
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• Find previous Fintech One-on-One episodes

The financial system has run on basically the same payments rails for the past several decades. But there is new infrastructure being built today that takes advantage of the unique capabilities of stablecoins. In some ways, the future is already here as Visa has processed several billion dollars in transactions that have been settled in stablecoins. But who will build the infrastructure needed for credit when we move to this new system?

Today’s guest is Rhett Roberts, the CEO and Founder of LoanPro. I last had Rhett on the show back in 2021, and needless to say, a lot has changed since then. Part of Rhett’s thesis is that this talk around interest rate caps could actually be a catalyst to hasten a movement away from the traditional credit rails. And his company is already working on the systems and protocols to create a new credit infrastructure that runs on stablecoins.

In this podcast you will learn:

• How LoanPro has evolved over the past five years.
• Why most fintechs are now moving into credit products.
• Why both banks and fintechs are using LoanPro to launch new credit products.
• Why the idea of an interest rate cap on credit cards is resonating today.
• What would happen if a 10% rate cap went into effect.
• Why this could be great news for BNPL and the other alternative lending products.
• Rhett’s thesis around stablecoins and the value proposition.
• The elephant in the room for a stablecoin payments network.
• How a line of credit backed by stablecoins could work in reality.
• Where the card networks will sit within this new system.
• How LoanPro is helping to create these processes and protocols.
• Where we will be in five years time with this new infrastructure.

Connect with Fintech One-on-One:

• Tweet me @PeterRenton
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• Find previous Fintech One-on-One episodes

Ryan Christiansen has had one of the more unusual career trajectories in fintech, from managing credit portfolios during the 2008 financial crisis to leading bank integrations at Finicity during the early days of open banking, helping launch the Financial Data Exchange, and then making an unexpected leap into academia as Executive Director of the Fintech Center at the University of Utah.

In this conversation, Ryan explains why the Center takes a unique multidisciplinary approach spanning business, engineering, and law schools, and shares details about their new master's degree program launching this fall. We also dig into why Utah has quietly become one of the country's most important fintech hubs, with over $1 billion in fintech wages and $7 billion in economic impact. We also discuss the upcoming Fintech Xchange conference on February 4-6 in Salt Lake City, which has become a must-attend gathering for fintech and banking executives looking for substantive content and genuine networking opportunities.

In this podcast you will learn:

• Ryan’s background building Finicity’s open banking platform.
• How and why he went from the corporate world to academia.
• The mission of the Fintech Center at the University of Utah.
• The programs the university offers in fintech for its students.
• Details of their Masters in Financial Technology program launching in the fall.
• Why the fintech scene in Utah is so robust.
• Why they decided to create their own event called Fintech Xchange.
• What makes Fintech Xchange different.
• What attendees can expect at Fintech Xchange this year.
• What is most exciting about the work he is doing at the Fintech Center.

Connect with Fintech One-on-One:

• Tweet me @PeterRenton
• Connect with me on LinkedIn
• Find previous Fintech One-on-One episodes