Barefoot Innovation Podcast

Barefoot Innovation Podcast
Jo Ann Barefoot discusses disrupting innovation in the financial services sector and beyond.

Regulating in the Age of COVID: New York DFS Superintendent Linda Lacewell
Oct 15 • 53 min
Today’s show is a special one because it includes breaking news. My guest is Linda Lacewell, the New York State Superintendent of the Department of Financial Services, and she will not only share her program for innovating in the midst of a pandemic, but…
Small Business Lending in the Age of COVID: Fundation CEO Sam Graziano
Oct 14 • 55 min
Today’s guest is Sam Graziano, the CEO of Fundation. In this episode, Sam tells us about Fundation’s journey, starting with his own very usual mix of skills and then the company’s launch as a direct line-of-credit lender to small businesses. He describes…
Investing in Financial Health: Sarah Willis and Allie Burns
Sep 27 • 57 min
I’m delighted to say that my guests today are Allie Burns, the CEO of Village Capital, and Sarah Willis, Head of Financial Health Work at JPMChase and former Director at the MetLife Foundation. Our conversation focuses on how to bring more capital into…
Fast-forward on Community Bank Technology: ICBA CEO Rebecca Romero-Rainey
Sep 8 • 46 min
Rebeca Romero Rainey is president and CEO of the Independent Community Bankers of America® (ICBA), the leading advocacy organization representing community banks. A third-generation community banker born and raised in Taos, New Mexico, she is the former…
Programmable Money: Sila Cofounders Shamir Karkal and Angela Wilson
Aug 23 • 67 min
Shamir and Angela explain the fascinating meanings of the word, Sila. They describe their business model, their customer base, and their back-end infrastructure based on Ethereum. They explain their revenue model — they say their pricing is so good,…
A New World For Broker-Dealers: FINRA’S Haimera Workie
Aug 11 • 48 min
One benefit of my work is that I get to spend time with the innovators who are reshaping regulatory agencies all over the world. I have my favorites, and one of those is today’s guest. He is Haime Workie, who leads the innovation team at FINRA.
After the Pandemic: The Future of Financial Regulation with NCUA Chairman Rodney Hood
Jul 13 • 27 min
The triple crises of 2020 — pandemic, economic contraction, and racial and social upheaval — are opening up new kinds of conversations. Today’s episode is one of these — my discussion with Rodney Hood, the Chairman of the National Credit Union…
Crypto Innovation: Wyoming Banking Commission Albert Forkner
Jun 30 • 62 min
One evening last October, I was pushing my way through the throngs of people at Money 2020 in Las Vegas, when someone called out my name. I turned and saw today’s guest — Albert Forkner. He is the Banking Commissioner of the State of Wyoming, and our…
After the Pandemic: The Future of Financial Regulation with UK Financial Conduct Authority Interim CEO Christopher Woolard
Jun 22 • 31 min
Today’s episode of our special series on the future of regulation after the pandemic takes us across the Atlantic (virtually) to talk with one of my favorite Barefoot Innovation guests. He is Christopher Woolard, the interim CEO of the UK Financial…
After the Pandemic: The Future of Financial Regulation with FDIC Chairman Jelena McWilliams
Jun 10 • 31 min
Today in our special series on financial regulation in the pandemic and beyond, we are honored to have with us the Chairman of the Federal Deposit Insurance Corporation, Jelena Mc Williams.
The First Fintech Comptroller: Acting Comptroller of the Currency Brian Brooks on His First Day in Office
May 28 • 61 min
This morning, Brian Brooks is starting his new job as acting Comptroller of the Currency. I’m fortunate to know Brian well, and over the years he and I have spent many hours talking about all the themes that we explore here on Barefoot Innovation. As he…
Calling All Innovators: Andrew McCormack of BIS on the First G20 Global Regulatory Techsprint — Deadline May 27
May 15 • 32 min
Today’s show is both a fascinating story and a call to action. We’re posting it as a bonus episode because my guest, Andrew McCormack of the Bank for International Settlements, is sharing an invitation to innovators throughout the world to apply to…
After the Pandemic: The Future of Financial Regulation with former Comptroller of the Currency Eugene Ludwig
May 13 • 28 min
Welcome to the second in our series of special conversations about how the pandemic may change the shape of financial regulation. Last time we talked with former Comptroller of the Currency Thomas Curry. Today, my guest is another former Comptroller, and…
After the Pandemic: The Future of Financial Regulation with former Comptroller of the Currency Thomas Curry
May 4 • 24 min
Today’s show is the first in our COVID recovert series. My guest is Thomas J. Curry, who served as the US Comptroller of the Currency from 2012 to 2017. For listeners outside the United States, the Office of Comptroller of the Currency, or OCC, is the US…
No Shortcuts - Varo CEO Colin Walsh on how to become a bank
Apr 30 • 54 min
Trailblazing is hard work. It is not easy to carve out a path no one has followed before, knowing where you want to go but not precisely how to get there. That is exactly what today’s guest has done. Colin Walsh is the CEO of Varo, and Varo is the first…
Homomorphic Encryption: Enveil CEO Ellison Anne Williams
Apr 21 • 54 min
Our guest today is Ellison Anne Williams, the CEO of Enveil. And she is an expert in the privacy technology known as homomorphic encryption.
Fintech4Good: Sunrise Banks CEO David Reiling
Apr 7 • 55 min
Today’s guest is David Reiling, CEO and Chairman of Sunrise Banks and author of the book, Fintech4Good.
Financial Regulators’ Dilemma: Regulatory Modernization with Jerry Buckley and Sasha Leonhardt
Mar 18 • 54 min
In this episode, I talk with Jerry Buckley and Sasha Leonhart of the Buckley firm, who explain how they did the project and what they learned.
Are you a Bezos or a Musk? Creating Innovation Capital with Jeff Dyer
Mar 11 • 47 min
Jeff Dyer (Ph.D UCLA) is professor of strategy at BYU and the Wharton School. He worked previously as a management consultant at Bain & Company and cofounded the Innovator’s DNA consultancy. He is the author of three Harvard Press bestsellers on…
Banking the Innovators: Silicon Valley Bank CEO Greg Becker
Feb 24 • 39 min
Greg Becker has been a champion of the innovation economy since he joined Silicon Valley Bank in 1993 as a banker to fast-growing technology companies. Today, he is the CEO of the world’s only bank dedicated to the innovation sector around the world.
Jelena Mc Williams, Chairman of the FDIC
Feb 8 • 54 min
In a moment you will hear Jelena tell her story, and I promise, you will see what I mean. Last year the Wall Street Journal ran a profile on her called, America’s Most interesting Bureaucrat. She was born in the former Yugoslavia, got herself to the US,…
Joseph Otting, Comptroller of the Currency
Jan 24 • 50 min
I am thrilled to say that today’s guest is the 31st Comptroller of the Currency, Joseph Otting. For our listeners outside the United States, the Office of the Comptroller of the Currency, or OCC, is a bureau of the US Department of the Treasury and is the…
Leapfrogging to Leadership: Abu Dhabi Global Market’s Richard Teng
Jan 17 • 36 min
Richard Teng is the CEO of the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), an award-winning International Financial Centre (IFC) in Abu Dhabi. Richard spearheaded the establishment of the financial regulations and…
Congress’ Physicist: House AI Task Force Chair Rep. Bill Foster
Jan 8 • 59 min
My very special guest is Congressman Bill Foster, who represents the 11th District of Illinois. He is a member of the House of Representatives Committee on Financial Services, and was appointed by Committee Chair Maxine Waters to lead the special task…
The Future of Work: Joust CEO Lamine Zarrad
Dec 19, 2019 • 59 min
Lamine Zarrad is the co-founder and CEO of Joust. He began his entrepreneurial journey as a refugee, going on to serve in the U.S. Marines, and then building an expertise around banking regulations and financial services. With Joust, Lamine combines his…
The Central Bank of the Future
Dec 11, 2019 • 18 min
Today’s show is a bonus episode, giving a glimpse of an important project that’s underway. The Bill and Melinda Gates Foundation have funded an initiative to think through the future of central banks and how they will, and should, advance the goal of…
The Long Game: Talking Financial Inclusion with CGAP CEO Greta Bull
Nov 27, 2019 • 54 min
Today’s guest leads one of the most important institutions in that movement. She is Greta Bull, a director of the World Bank and CEO of CGap, the Consultative Group to Assist the Poor.
Decentralized Identity: Civic CEO Vinny Lingham
Nov 16, 2019 • 37 min
Today’s show zeroes in on the most foundational question facing us all, not only in financial innovation but in our whole new world of ubiquitous data. That challenge is, how can we gain the benefits of this huge new universe of digital information, and…
Reaching New Heights: The FCA’s Nick Cook and Francesca Hopwood Road
Oct 18, 2019 • 68 min
If you’re interested in regulatory innovation, today’s show may be the single most valuable source you can find on how to do it. Every minute is packed with both fresh information and rare insight about how regulators, themselves, will have to change to…
Crossing Lines: Aspen’s Ida Rademacher and Prudential’s Jamie Kalamarides
Oct 2, 2019 • 73 min
Today’s show is amazing on two levels. First, my guests, Ida Rademacher and Jamie Kalamarides, explain new frontiers of thinking about how financial services, including insurance and retirement funds, can promote real financial health and inclusion. And…
A Bright Future for Small Business, with Karen Mills
Sep 17, 2019 • 48 min
This is the second time I’ve sat down with Karen Mills for a conversation on Barefoot Innovation. Karen is a Senior Fellow at both the Harvard Business School and Harvard Kennedy School (where I got to know her), and previously was the head of the US…
Small Business Lending: Rob Frohwein and Kathryn Petralia of Kabbage
Sep 4, 2019 • 30 min
In our conversation, Rob and Kathryn tell their story, on how they’ve built a company that has extended $6 billion in credit to 165,000 people in the United States. They explain how they started with e-commerce companies and now service all small…
The Future of Banking with Chris Skinner
Aug 11, 2019 • 47 min
Chris Skinner is widely known as the most influential person in technology in the UK. He is an independent commentator on the financial markets and fintech, through his blog, the and as the author of bestselling books — Digital Bank, ValueWeb…
100th Episode: The Race to Regulation Transformation — Marathon and Sprint
Aug 8, 2019 • 55 min
We’ve chosen this moment to do the 100th show because last week, something happened in Washington that I think we will view in hindsight as a turning point.
Agile Regulation — CFTC Chairman Chris Giancarlo
Jul 11, 2019 • 39 min
I’m calling today’s show “agile regulation.” I know that sounds like an oxymoron, but today, agile regulation is actually on its way. Financial are realizing that they will have to update their tools, digitize their information and, above…
Fighting Financial Crime with Science: Giant Oak CEO Gary Shiffman
Jun 11, 2019 • 60 min
We know that the money launderers are winning. We know that law enforcement is losing. By now, you’ve probably heard the UN’s statistics on this, that we catch less than 1% of these crimes, which add up to an estimated $1.6 trillion a year. At the…
The Promise of Digital ID: David Shrier of Distilled Identity and MIT Media Lab
May 21, 2019 • 34 min
There are some challenges in fintech and regtech that transcend the others — problems that have to be solved in order to “unstick” numerous other kinds of exciting innovation. Of these core enabling solutions, none is more important than digital…
Counselor to the Secretary of the Treasury, Craig Phillips
May 7, 2019 • 46 min
Our conversations on Barefoot Innovation always grapple with the regulatory challenges arising as technology transforms finance. Most of our guests have good ideas about this, but very few are in a position to make things happen. Today’s guest is…
Prince Michael of Liechtenstein: Imagining Finance in 2030
Apr 23, 2019 • 29 min
Bill Gates famously said, “We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don’t let yourself be lulled into inaction.” That gets quoted often these days,…
A New Breed of Community Bank: My Fun and Fascinating Conversation with NBKC
Apr 9, 2019 • 59 min
If you’re ready for a breath of fresh air, today’s show is for you. It’s fun, it’s fascinating, and it’s filled to the brim with ideas that many of us haven’t heard before. is a community bank that thinks and acts like a start-up company….
Bonus Episode: Futurist Brett King
Mar 27, 2019 • 62 min
Today’s show is a bonus episode, and an extra-special one, because I sat down with my friend, the futurist and financial technology guru Brett King.This is our second show with Brett — we also had we recorded over a delightful breakfast in London…
Talking Cryptocurrency with Brian Brooks of Coinbase
Mar 19, 2019 • 53 min
I have a real treat for you today. is the Chief Legal Officer of and is also one of the smartest and most thoughtful people anywhere in the financial world. His past roles include being General Counsel at Fannie Mae and Vice Chairman of OneWest…
Women in Fintech
Mar 8, 2019 • 55 min
Today is International Women’s Day, and we’re honoring it with a very special bonus episode of Barefoot Innovation, on Women in Fintech…and with Women in Fintech. My four guests are Laura Spiekerman, the CRO of , Melissa van Kluyve, Associate at…
How to Digitize a Bank: Citizen’s Lamont Young
Feb 26, 2019 • 40 min
I love how technology is bringing new kinds of people into finance. Today’s guest, Lamont Young, is a great example. He started his career in the fashion industry. Today, he is at Citizens Bank, as the Head of Digital and Multi-Channel Marketing.
AI’s Potential and Perils for Finance: Steve Cohen of Basis Technology
Feb 19, 2019 • 48 min
I had a fascinating conversation in Boston this winter with Steve Cohen, who is Cofounder, EVP, and COO of . Basis is a world-leading innovator in text analytics and the branch of artificial intelligence known as natural language processing. Over the…
Crossing Party Lines with Fintech Foxes Jon Bouker, Dan Renberg and Kate Flocken of Arent Fox
Feb 6, 2019 • 65 min
Amidst all the collective angst about our political discourse, I found myself, one afternoon last fall, in a meeting with the leadership team of the government affairs group at the law firm, Arent Fox. One partner, Jon Bouker, is a Democrat. Another,…
The CFPB Innovation Director Paul Watkins
Feb 4, 2019 • 52 min
Today’s show is a bonus episode that we added to the schedule because it has a deadline connected with it. My guest is Paul Watkins, Assistant Director of the Consumer Federal Protection Bureau (CFPB) and Director of its new Office of Innovation….
Making Hard Things Easy and Boring Things Fun with Acorns Co-founder Walter Cruttenden
Jan 30, 2019 • 55 min
Today’s guest is Walter Cruttenden, cofounder of Acorns and founder of the gaming company, Blast.
Biometrics, Blockchains, and Bots with David Birch
Jan 22, 2019 • 80 min
Today’s show is a special treat because my guest is brilliant and funny and original, and he’s also a friend. Dave Birch is a London-based author, advisor and commentator on digital financial services and Global Ambassador for Consult Hyperion. We…
Fintech in China and Around the World: Anju Patwardhan of CreditEase
Jan 10, 2019 • 38 min
Our first 2019 show brings us a global perspective on fintech. My guest is Anju Patwardhan, Managing Director of the . Anju has an incredible background. I first met her when she was starting at Stanford as a Fulbright Fellow and visiting scholar, at…
The Human Side of Technology — Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore
Dec 28, 2018 • 46 min
This is our second show with Sopnendu Mohanty, Chief Fintech Officer of the . We recorded it at the MAS annual fintech festival in Singapore, which is a remarkable event. I think it’s probably the world’s largest financial conference, with…
The American Dreamers: Earnup Cofounders Matthew Cooper and Nadim Homsany
Dec 11, 2018 • 47 min
One of the things I love about our Barefoot Innovation conversations — and about fintech, for that matter — is the passion you find in so many founders, these people who really believe they can do better for consumers. You hear it in the voices of…
Try Something New: Lend Academy and LendIt Founder Peter Renton
Nov 20, 2018 • 59 min
Today’s show is coming to you from London. I’m here to speak at the LendIt Fintech Europe conference, and I’m delighted to say that my guest is the cofounder of the series, , who is also the founder of .
Moving The Regulatory Mountain: CEO of JWG and Founder of Regtech Council, PJ Di Giammarino
Nov 14, 2018 • 62 min
My guest today is one of the world’s foremost thinkers on how to modernize financial regulation through technology. He is PJ Di Giammarino, CEO of and founder of the global .
Complete Financial Inclusion: The World Bank’s Harish Natarajan
Oct 30, 2018 • 52 min
In this episode, Harish describes this whole transformative landscape. He talks about the Financial Inclusion Global Initiative, or FIGI, a three-year program with three partners, and three global themes — cybersecurity, e-payments acceptance, and digital…
Know Your Customer: Alloy CRO Laura Spiekerman
Oct 9, 2018 • 42 min
My guest today has a company that is setting out to fix those. She is Laura Spiekerman, the Chief Revenue Officer of Alloy.
Talking Through the Storm with Jan Lynn Owen
Sep 25, 2018 • 36 min
I am especially thrilled about today’s guest — California DBO Commissioner Jan Owen — because this episode has been years in the making. I’ve known Jan for a long time, and as anyone who knows her will attest, she’s a breath of fresh air in the regulatory…
Machine-Readable Regulation: Compliance.AI CEO Kayvan Alikhani
Sep 11, 2018 • 39 min
A lot of people are working on this concept, both at regulatory agencies and at regtech firms. One leader in that effort is my guest today, Kayvan Alikhani, Co-founder and CEO of We both were speakers this year at the Comply 2018 conference…
Transforming Identity: GlobaliD CEO Greg Kidd
Aug 28, 2018 • 97 min
Greg has an unusual background. He was involved from the early days of Ripple, Twitter, and Square. Unlike most Silicon Valley innovators, though, he’s also been a banking consultant and worked for the Fed Reserve Board
Congressman Gregory Meeks on Win-Win Fintech
Aug 14, 2018 • 34 min
Gregory Meeks is the United States Congressman representing the Fifth District of New York. He is also a leading member of the House of Representatives Committee on Financial Services. I was able to sit down with him, in his Capitol Hill office on one…
Innovation at a Small Bank: Radius CEO Mike Butler
Jul 31, 2018 • 58 min
As with our recent show with Bob Rivers of Eastern Bank (which is also based in Boston), Mike belongs to a small, but growing, group of CEO’s who are truly transforming their community banks through technology. When conversation turns to the tech future…
Data that Deepens Financial Access: Experian and Lendup
Jul 10, 2018 • 47 min
Experian and Lendup recently joined forces to explore using new kinds of data to widen financial inclusion. We all sat down to discuss it at the LendIt conference this spring in San Francisco.
Regulatory Challenger: LabCFTC and Daniel Gorfine
Jun 17, 2018 • 65 min
More than any show we’ve done, this one puts you in the shoes of the regulatory agency and shows how their hands are tied by procedural prohibitions and requirements. I’d love to see someone do a study, maybe a graduate thesis, on how rules that were…
Regulation Revolution: The Financial Conduct Authority and Digitally-Native Regulatory Design
Jun 9, 2018 • 56 min
This is the most unique, and the most consequential, show we’ve ever done. If our thousands of listeners all think about it and especially if you share it widely, it has the most potential to actually change the financial regulatory world for the better…
Innovation and Community Banks: Eastern Bank CEO Bob Rivers
Jun 1, 2018 • 59 min
In our conversation, Bob gives a road map for how a community bank can undertake this kind of innovation — how to position it, structure it, staff it, fund it, and run it; how much capital it needs; how to price the services; how much to integrate the…
The Courage to Change: Former Wells Fargo BSA Officer Jim Richards
May 14, 2018 • 73 min
Jim Richards, founder of the new firm, RegTech Consulting, and I think he used the word “courage” six times, in our talk. We sat down together at this year’s LendIt conference in San Francisco, just a few days after Jim had retired from his position as…
How to Change the World: The Gates Foundation’s Michael Wiegand
May 7, 2018 • 67 min
Anyone interested in emerging markets will find it fascinating, but I also recommend it to everyone who cares about consumer finance, financial protection, inclusion, and technology in the developed world as well. As I’ve said in other shows, developing…
Affordable Financial Advice: Nerdwallet CEO Tim Chen
Apr 18, 2018 • 40 min
In today’s episode, he describes the remarkable journey he’s taken so far in his still-young life, which has had dramatic ups and downs — (as he says, when one door closes, a bigger gate may open). NerdWallet, which he founded at age 26, now helps more…
Sponsor Bank: Cross River Bank’s CEO Gilles Gade
Apr 10, 2018 • 37 min
My guest today is pioneering a crucial innovation within the innovation landscape in finance — by providing banking services to fintechs through a platform-based financial services model known as the sponsor bank, or partner bank.
Digitally Native Finance: Starling Bank CEO Anne Boden
Mar 18, 2018 • 44 min
Starling is mobile-only. It operates on open platform principles and leverages the new personal data rules in Europe. These say that financial data belongs to the consumer, not the bank, and require companies to implement the customer’s instructions to…
Collaboration Innovation: Charlotte Crosswell and Dan Morgan of Innovate Finance
Mar 7, 2018 • 50 min
Today’s guests talk about taking a very old kind of entity — the industry trade association — and updating it for the 21st century financial world. As often happens with innovation, the thing that’s new is actually very simple, maybe even obvious, and yet…
Finance and the Fourth Industrial Revolution: Tim Pawlenty, CEO of Financial Services Roundtable
Feb 11, 2018 • 46 min
Tim is one of the most thoughtful people we’ve had on the show, with perspective on all the issues and strong opinions, clearly expressed. He shared his predictions for how fintech will, and won’t, change banking, including its competitive structure, and…
The Data Economy: A Lively London Debate on Fintech in Europe and Africa
Jan 28, 2018 • 85 min
Our guests for this episode were: Jean-Stephane Gourévitch, Edward George, Luca Schnettler, Lukas Zoerner, and Fiona Ghosh. We had an incredible conversation. We talked about how Europe’s new data regulations — PSD2 and the GDPR — will change banking and…
The Future of Regulation: The FCA’s Reg-Tech Leader, Nick Cook
Jan 8, 2018 • 77 min
Nick leads the FCA’s RegTech activities, including the FCA’s TechSprint events - the first events of their kind convened by a financial regulator. He is responsible for implementing the FCA’s Data Strategy and reforming the way the FCA collects, governs…
Innovating in Payments: Wells Fargo Head of Partnerships and Industry Relations - Braden More
Jan 2, 2018 • 67 min
Not surprisingly, a lot of this episode focuses on the challenge of how you change a large organization. Big banks are anything but nimble. It’s not their fault, it’s just their nature — their size, their complexity, and their reliance on legacy IT…
Regulation Innovation: The FCA’s Christopher Woolard
Dec 10, 2017 • 57 min
In our talk, Chris describes what the FCA is doing in both the sandbox and the agency’s wider set of innovation initiatives — and again, what they’re learning so far. He cites the FCA’s advantage over many regulators in having a mandate that includes…
Real Lives: Rachel Schneider and the Financial Diaries
Nov 1, 2017 • 72 min
Rachel Schneider is a Senior Vice President at CFSI, and co-author of The Financial Diaries: How American Families Cope in a World of Uncertainty. The Financial Diaries connects the findings of the ground-breaking U.S. Financial Diaries research project,…
Big Banks and Big Ideas: Citi FinTech’s Andres Wolberg-Stok
Oct 1, 2017 • 65 min
We got to know each other this year on a panel at FinXTech in New York, and something I immediately noticed is that he has a special way of talking about innovation — a very fresh way with words. It might be because he’s lived all over the world, or…
The VC Perspective: Miles Reidy of QED Investors
Sep 19, 2017 • 66 min
Many people know that QED was founded by former leaders of Capital One, including Cap One co-founder Nigel Morris. They have a terrific track record of investing, focused mainly especially on fintech. Miles and I discussed two topics. One is the outlook…
A Healthy Credit Card: Jason Gross, CEO of Petal
Sep 12, 2017 • 66 min
Listeners have often heard me say that I’ve spent most of my career working with efforts to promote consumer financial health and inclusion by regulating the financial industry, and that I think the results have been mixed at best! A few years ago, I…
The ABA’s Regulatory Compliance Conference (Part 2)
Sep 6, 2017 • 84 min
Part two contains interviews with Elizabeth Snyder, Brian Levy, Rajeswari Sathappan, and Daniel Stipano
The ABA’s Regulatory Compliance Conference (Part 1)
Sep 6, 2017 • 84 min
The episode departs from our usual format. Instead of having one in-depth discussion with one guest, I had eight short conversations with a diverse group of compliance leaders. Each discussion is about twenty minutes. Part 1 contains interviews with Gene…
Access For All: CIIE’s Sanjay Jain and the India Stack
Aug 23, 2017 • 43 min
Among many high-impact achievements, Sanjay helped lead creation of one of the most ambitious government infrastructure initiatives ever undertaken — the so-called India Stack that is connecting everyone in India to the financial system and mainstream…
We Have Less Time than We Think: Singapore’s Sopnendu Mohanty
Aug 16, 2017 • 28 min
The thing that strikes me most is that, when I first met Sop, he was way ahead of nearly everyone else in thinking about regulating fintech and regtech for regulators — and that the last time we talked, he had widened that lead even further. On these…
Banks and Community : CSBS President John Ryan
Aug 7, 2017 • 91 min
My favorite episodes of Barefoot Innovation are the ones that take a philosophical turn. That happened with John Ryan, the thoughtful president of the Conference of State Bank Supervisors, which is the organization that coordinates America’s state-level…
Breakfast with the Best - Brett King
Jul 26, 2017 • 57 min
As most listeners know, Brett is a four-time best-selling author of an acclaimed series of books on the future of banking and hosts the global podcast and radio show, Breaking Bank$ — on which I enjoyed being a guest in May. He is also the founder of the…
From Analog to Digital Regulation - CFTC Acting Chairman Christopher Giancarlo
Jul 18, 2017 • 41 min
I knew it would be fascinating to have Chairman Giancarlo as a guest on Barefoot Innovation, but I wasn’t prepared for the full vision that he laid out in our discussion. I think this is the single most thought-provoking and eloquent case I’ve ever heard…
Regulators & Sandboxes: Wai-Lum Kwok on Abu Dhabi’s Reglab
Jul 5, 2017 • 26 min
I’ve come to an opinion that might be controversial, but here it is. I think regulators will not be able to do a good job of overseeing emerging technology change, unless they create mechanisms for doing empirical testing. I think sandboxes, in some form,…
Colleen Briggs : Financial Inclusion Innovation Powered by JP Morgan Chase
Jun 29, 2017 • 54 min
Colleen leads a visionary effort that is part of JPM’s commitment to building “more inclusive growth,” globally, by finding innovative models that build financial access and economic expansion.
Making it Easy : Intuit’s Al Ko
Jun 13, 2017 • 58 min
Al reminds us that Intuit founder Scott Cook pioneered PFM — personal financial management that leverages technology to simplify financial tasks (That story is recounted memorably in Eric Ries’ book The Lean Startup.) Intuit then acquired Mint. PFM tools…
Fiat Currency Can be Virtual Too: Jonathan Dharmapalan, CEO of eCurrency
May 28, 2017 • 37 min
Jonathan and I met during the annual meeting of AFI, the Alliance for Financial Inclusion, in Fiji, and he explained his vision for building a new system based on government-issued e-currency. He argues that this concept can capture the best of both…
Outspoken: Bill Harris, Founder and Chairman of Personal Capital and former CEO of Intuit and Paypal
May 21, 2017 • 83 min
A lot of Bill’s outspoken views these days focus on the controversy over customers’ right to use and share their financial data. Much of today’s most promising innovation works by having people give permission to a fintech to access their bank account, so…
Heroic Compliance : Treliant’s Lyn Farrell
Apr 30, 2017 • 87 min
As we note in our discussion, she literally “wrote the book” on compliance as the author, for more than twenty years, of the Reference Guide to Regulatory Compliance, published by the American Bankers Association as the foundation material that candidates…
Financial Inclusion is Coming Fast - AFI Executive Director Alfred Hannig
Apr 5, 2017 • 53 min
When you hear of an organization with a name like The Alliance for Financial Inclusion, you might picture a nonprofit advocating for credit opportunity or community reinvestment. AFI, though, is unique. Its members are governments — central banks and…
A Millennial Building for Millennials - Ollie Perdue of Loot
Mar 9, 2017 • 34 min
In our conversation Ollie describes how it all works, including how he got going and how he’s managed to launch something so impressive while still in his early twenties.The company has gotten a lot of attention, including raising an additional $3.13 in…
Fintech for Small Business: Former SBA Administrator & Harvard Business School Senior Fellow Karen Mills
Jan 29, 2017 • 52 min
Today we’re expanding beyond our usual Barefoot Innovation focus on consumer financial innovation, to explore the parallel issues arising for small businesses. We’ve touched on this before, but are so fortunate, today, to have a guest who deeply…
Getting People on to the Credit Ladder: LendUp CEO Sasha Orloff
Jan 15, 2017 • 52 min
Sasha Orloff founded LendUp to provide more affordable credit to the 50% of Americans with credit scores below 680.. He had worked at a big bank, and at an NGO in the developing world, and had a brother in the technology world who kept telling him that…
The One Dollar Smart Phone — Theo Cosmora, CEO of SocialEco
Jan 4, 2017 • 47 min
Theo notes that four billion people can’t afford smartphones; that this is potentially the world’s most valuable market in the world, worth $5 trillion; and that people spend an average of three hours a day using phones if they have them. That means that…
Remaking the Financial Rails: Ripple CEO Chris Larsen
Nov 9, 2016 • 58 min
In this episode, Chris says interoperability in finance is the last missing link that’s needed for truly efficient global commerce. He discusses the possible “science fiction” of connecting 50 billion devices through the internet of things. He describes…
Colin Walsh of Varo
Oct 17, 2016 • 43 min
In this episode Colin explains his motivation in undertaking a fintech startup after years at big companies. He talks about why Varo’s initial focus is simple, transparent mobile tools for millennials. He talks about the power of starting from a clean…
Harvard’s Brigitte Madrian on Saving for Retirement: “We are Not Making it Easy”
Oct 12, 2016 • 49 min
Regular listeners know I’m spending two years as a Senior Fellow at the Center for Business and Government in the Kennedy School. As I started into my fellowship last year, I had the great fortune of linking with Brigitte as my faculty advisor for the…
Innovation in Small Business Lending: Sam Hodges of Funding Circle
Sep 25, 2016 • 42 min
Funding Circle was created because the founders were small business owners themselves and learned how hard it is to access finance, even for a successful business. Even when a loan was approved, they found the process difficult, or the terms unattractive.…
Innovation and Consumer Protection - Lauren Saunders, National Consumer Law Center
Sep 5, 2016 • 71 min
In our conversation, Lauren talks thoughtfully about what worries her about consumer finance today and how she thinks we should address emerging problems. We had a wide-ranging discussion, including about what would happen if traditional payday lending…
Insure-Tech : QED Founding Partner Caribou Honig
Aug 16, 2016 • 64 min
Today we have our first-ever episode on Insure-tech. Happily, it also turned out to be one of the most fun, funny and thought-provoking shows we’ve ever done. I’m pretty sure it’s the first one where we’ve talked about the internet of things, and CRISPR…
Innovating in Compliance, Citi CCO Kathryn Reimann and Wells Fargo CCO Yvette Hollingsworth Clark
Aug 7, 2016 • 48 min
Today we’re going to pick the brains of two of the most impressive leaders anywhere in the compliance world. Yvette Hollingsworth Clark is the chief compliance officer of Wells Fargo, and Kathryn Reimann leads this work for Citigroup. I’ve known them both…
Jul 18, 2016 • 22 min
We got together in Washington to mark the fifth anniversary of the CFPB’s opening its doors, on July 21, 2011. I had the pleasure of serving on the Bureau’s Consumer Advisory Board, or CAB, for its first three years. It’s been fascinating to watch the…
Fintech for Everyone : Vinay Patel and Max Gasner from Bee
Jul 13, 2016 • 55 min
Part of what makes Bee interesting is it’s specific hybrid model of personal touch and high tech. They’re trying to put the human beings where customers need them the most – in explaining and opening the account. And then they’re trying to drive down…
Cost Cutting with the Blockchain - Blythe Masters, CEO of Digital Asset Holdings
Jul 5, 2016 • 35 min
Blythe Masters says she began as a skeptic because, like many people, she equated the blockchain with Bitcoin and, given Bitcoin’s colorful developments, dismissed both. However, after leaving her long career as a senior executive at JPMorgan Chase, she…
The Last Helicopter Pioneer – Innovation Insights from my Father, Glidden S. Doman
Jun 28, 2016 • 78 min
Barefoot Innovation has been in hiatus in recent weeks because my father passed away. He was 95 years old. His name was Glidden Sweet Doman. And he was a remarkable innovator. He’s being widely remembered as the last of the great helicopter pioneers and…
May 11, 2016 • 53 min
I am constantly amazed by the fascinating and unpredictable course of our conversations on Barefoot Innovation - and what a fun one I had with Raul Vazquez, CEO of Oportun. I always like to ask my guests to tell us how they, themselves, keep up with…
Effortless Investing : Jon Stein of Betterment
May 2, 2016 • 54 min
Betterment aims to optimize investment through automation that produces sound advice for the long term, and that also makes the process both easy and more affordable. It builds around what Jon considers the MOST important advice — which is too often…
Its Still Simple : Josh Reich One Year Later
Apr 18, 2016 • 42 min
A year later, we all found ourselves back at the same conference where we’d recorded that program. Shamir has now taken on a new role, leading the open platform innovation of the very innovative bank that bought Simple, BBVA. Josh, though, is still CEO of…
CFSI’s Innovation Contest
Apr 3, 2016 • 56 min
My guests are Ryan Falvey, who heads the lab, plus four of last year’s 9 winners. They are Sheri Atwood of SupportPay; Jerry Nemorin, of LendStreet, and Quinten Farmer of Even. They explain how the competition works, what their looking for this year, and,…
At the Front with NFCC’s Susan Keating
Mar 21, 2016 • 56 min
I have known Susan Keating, NFCC’s President and CEO, for about 30 years. I’ve been wanting to record a Barefoot Innovation episode with her, because the NFCC is on the front lines of the topics we’re exploring here. They work directly, personally, with…
Consulting the Source - Leonard Chanin of Morrison & Foerster
Mar 15, 2016 • 69 min
Leonard has been involved in the crafting of pretty much all the consumer financial regulations since 1985. And for years he led the legal teams – first at the Fed and then at the CFPB – that wrote them. I consider him the single most expert person in the…
Transforming Payments: Circle CEO Jeremy Allaire
Mar 1, 2016 • 58 min
As understanding of Bitcoin has spread, a new conventional wisdom has emerged - the notion that the crucial innovation here is not digital currency, but rather the blockchain, including closed chains inside companies and closed networks. In our…
Effortless Saving: Digit CEO Ethan Bloch
Feb 25, 2016 • 65 min
Digit has set out to solve one of the core problems in consumers’ financial lives - how to save. Their solution is to make savings effortless, using an intelligent algorithm that analyzes your spending and income patterns and automatically moves funds…
Innovating at a Bank : Dominic Venturo of US Bancorp
Feb 9, 2016 • 60 min
The title “CIO” used to mean Chief Information Officer. It still does, of course, but today that “I” increasingly stands for another word too: innovation. Dominic Venturo, the Chief Innovation Officer of U.S. Bank, reflects a growing trend of banks…
Insights from Michael Barr
Feb 4, 2016 • 46 min
Most of our listeners know Michael as the former Assistant Treasury Secretary for Financial Institutions who shepherded the Obama administration’s efforts on the Dodd-Frank financial reform law. Fewer people may know that he also led the initial…
The Regulatory Sandbox : BMO’s Nitish Pandey
Jan 16, 2016 • 70 min
Nitish and I started discussing the sandbox concept last summer (before the U.K.’s proposal). I’d convened a roundtable on disruption of consumer finance and how to (and not to) regulate it. Nitish, whom I’ve known for years, came to the meeting armed…
Chuck Harris, President of NetSpend
Dec 23, 2015 • 44 min
Our episode covers many of the major themes that have cropped up this year: prepaid cards, financial inclusiveness, mobile platforms, mission-oriented companies, partnerships, regulatory challenges, the underserved and underestimated consumers, the rise…
Regulation Innovation: A conversation with Comptroller of the Currency Thomas J. Curry
Dec 9, 2015 • 41 min
As you will hear, Tom Curry has many preliminary thoughts on those questions. He cautions against getting swept up in innovation fads, some of which end badly, as recent history has shown. He also talks candidly about the fact that regulators are not…
The Secrets of FinTech: Jesse McWaters and Rob Galaski, World Economic Forum
Nov 25, 2015 • 62 min
My guests are Jesse McWaters of the World Economic Forum and Rob Galasky of Monitor Deloitte, who co-led the WEF’s landmark research project on financial technology. Switzerland-based WEF focuses on public/private collaboration and is best known for…
Courtney Kelso - Innovation & Inclusion at American Express
Nov 9, 2015 • 47 min
My guest is Courtney Kelso, who leads the Amex product and marketing team in Enterprise Growth. I talked with Courtney about two things. First, their strategic move into creating an inclusive set of services, through Bluebird and Serve. And second, what…
Jennifer Tescher, President & CEO of the Center for Financial Services Innovation
Oct 14, 2015 • 68 min
ennifer Tescher is CEO of the Center for Financial Services Innovation. Our regular listeners will recognize CFSI as a continuous presence in these conversations – I think we’ve only done a few episodes where we didn’t mention them. Why is that? It’s not…
The Power of Community Banks - Brian Graham, CEO of AlliancePartners & BancAlliance
Sep 28, 2015 • 47 min
The community bank is a unique feature of the U.S. financial system, and Brian Graham, CEO of Alliance Partners, is both one of its most eloquent advocates and an innovator with new ideas on how small banks can compete in the digital age. In 2011, he and…
Richard Davis, President and CEO of U.S. Bancorp
Sep 15, 2015 • 37 min
In my conversation with Richard, he wove together all these themes of business, innovation, and ethics. More than any of our guests thus far, he voices a full-throated faith in the future of retail bank banking — including branches in lower-income…
Increasing Economic Opportunity for the Underserved - Luz Urrutia, Global Head of Retail at Oportun
Sep 1, 2015 • 49 min
Currently, almost half of the Hispanic community in the U.S. is underserved. Luz decided years ago to help the 25 million individuals who represent the un- and under-banked in her community by offering responsible credit-building and affordable loans.…
Striving for Worry-Free Finance - Stoyan Kenderov of Intuit
Aug 18, 2015 • 73 min
Stoyan Kenderov and I had a truly rich and candid conversation about the evolution of banking innovation and regulation, and though he appears ten episodes into Barefoot Innovation, it was Stoyan who first suggested I record our thought-provoking…
Steve Carlson, Founder & CEO of Ascend, Winner of the CFSI Financial Solutions Lab Competition
Aug 6, 2015 • 53 min
I’ve known Ascend’s Co-Founder and CEO Steve Carlson since we both joined the Consumer Advisory Board of the Consumer Financial Protection Bureau (CFPB) when it first was formed in 2012. Ascend has benefitted - and so does our podcast - from Steve’s…
Green Dot CEO Steve Streit and Professor Dog on no-bite Banking
Jul 20, 2015 • 61 min
In this episode of Barefoot Innovation, I spoke with Steve about the former disc jockey’s pioneering foray into the re-loadable prepaid debit card industry and how his “highly curious mind” keeps him at the forefront of financial services innovation. As…
Bringing Character Lending into the 21st Century with Vouch Founder & CEO Yee Lee
Jul 8, 2015 • 29 min
Vouch is a Bay-area startup that calls itself “the first social network for credit”. Its concept is simple: a borrower asks his or her social network friends to vouch for repayment of the loan. The friend can choose an amount to vouch for. If the borrower…
The Innovative Bank – BBVA Compass CEO Manolo Sanchez
Jun 30, 2015 • 43 min
It’s our first conversation with the leader of a large bank. BBVA has over $700 billion in assets and a global reach. And what an interesting bank it is. When I first met Manolo several years ago, I had no idea they were heading into one of the most…
Episode 5 - Renaud Laplanche, Founder & CEO of Lending Club
Jun 23, 2015 • 38 min
Lending Club and its founder, Renaud Laplanche, rank high on nearly every list of fintech disruptors. They are the biggest player in “marketplace lending” – online matching of borrowers with people and institutions willing to lend to them. Marketplace…
Episode 4 - Who will Win the Consumer’s Trust with Susan Ehrlich
Jun 3, 2015 • 19 min
When we recorded this short episode with Susan Ehrlich, she was head of global credit for Amazon. She oversaw the Amazon Rewards Visa and Amazon Store Card in the U.S., as well as Amazon credit programs in Canada, United Kingdom, Germany, and Japan. Most…
Episode 3 - Arjan Schutte of Core Innovation Capital on Venture Capital in FinTech
May 26, 2015 • 33 min
Arjan Schutte is Founder and Managing Partner at Core Innovation Capital in Los Angeles. Core is a double-bottom line venture capital company seeding innovation that both helps consumers and wins in the marketplace, with the ability to reach huge scale.…
Episode 2 - “The Cheerful Disruptors” with Josh Reich and Shamir Karkal from
May 4, 2015 • 58 min
Simple is a Portland, Oregon start-up offering a simplified, consumer-friendly account for saving and making payments. Last year it was acquired by the global Spanish bank, BBVA, which has been making bold moves in tech innovation. Our discussion captures…
Episode 1 - Raj Date
Apr 5, 2015 • 64 min
Finding new ideas is urgent, because consumer 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 – which means they…