John Mitchell, CEO and co-founder of Episode Six, discusses the modernization of payment infrastructure, the challenges of legacy systems, and the future of programmable, frictionless, and real-time payments. The episode explores AI’s role in rapid product development and the need for adaptable, cloud-based financial technology.
Takeaways
- John Mitchell is driven by the challenge of building new financial payment systems.
- Legacy systems pose significant limitations for innovation in payments.
- Programmable money and interoperability are key focus areas for Episode Six.
- Customers value the ability to build products that meet their needs quickly.
- Flexibility in product development is crucial in a rapidly changing market.
- The future of payments will be characterized by real-time, on-demand services.
- Modernization of financial systems is essential for keeping pace with consumer demands.
- AI has the potential to streamline product design and development processes.
- Financial institutions face challenges in upgrading their systems effectively.
- The conversation highlights the importance of envisioning the future of payments.
Key Words:
- Payment infrastructure
- Legacy systems
- Programmable money
- Interoperability
- Cloud technology
- API
- Real-time payments
- Financial innovation
- AI in payments
- Digital assets
- Modernization
- Frictionless payments
- Product flexibility
- B2B2C
- Future of banking
Chapters
00:00 The Vision Behind Episode Six
02:20 Programmable Money and Its Impact
04:50 Customer-Centric Solutions in Financial Services
07:03 Envisioning the Future of Payments
09:49 Modernizing Financial Systems for Tomorrow
11:08 The Role of AI in Payment Innovations
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