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Jan 25, 2024

I sat down with J.R. Jones, CFP™ in this episode, and we talk about FinTech, short for Financial Technology, is a rapidly evolving industry that leverages cutting-edge technology to enhance and streamline financial services. Innovations in FinTech encompass a wide range of solutions, including digital banking, online payments, blockchain, robo-advisors, and peer-to-peer lending. These advancements aim to make financial services more accessible, efficient, and inclusive, transforming the traditional landscape of banking and finance. FinTech companies often prioritize user-friendly interfaces, data analytics, and automation to improve financial processes, offering consumers and businesses innovative tools for managing their finances in a digital age. The dynamic nature of FinTech continues to shape the future of finance, promoting greater financial inclusion, transparency, and efficiency.

 

Highlights

  • J.R. Jones’ background in the financial space, including his time with American Express Investment Financial Services, and how it brought him to his current project
  • The Accountable Card, a fintech service targeting unbanked and underbanked communities
  • The importance of having a clear vision for the product and taking action to bring it to fruition
  • Why using cash is more expensive than using banking services
  • The Accountable Card's feature of moving money into a savings account, which can develop a habit of saving
  • His plans to partner with organizations like the Mississippi Nursing Association and veteran groups to offer scholarships and revenue share
  • The importance of getting the unbanked and learning the principles of wealth acquisition 

 

Links and Resources from this Episode


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