Financial Services Industry Seeing Massive Change

The video discusses the rapid changes in the financial services sector, focusing on the introduction of FedNow as a new payment rail. It explores FedNow's potential to enhance consumer choice and competition, its impact on Fintech, and the expected timeline for widespread adoption. The video also highlights partnerships with banks like Cross River for real-time payments and examines the interplay between FedNow and cryptocurrencies. Additionally, it addresses competition with Visa and the role of AI in improving financial services, particularly in credit analytics and scoring.

What are the expected timelines for the mainstream adoption of Fed Now?

How do you see the relationship between traditional banking systems and cryptocurrency evolving?

What role does artificial intelligence play in improving financial services according to the text?