In the Vault: New Applications in Fintech with Plaid’s Zach Perret and Marqeta’s Simon Khalaf

In this conversation, which took place at a16z's Connect Fintech event, a16z General Partner Angela Strange, Plaid CEO and cofounder Zach Perret, and Marqeta CEO Simon Khalaf discuss how AI will shape the future of banking, the battle between payment rails in the U. S., and how there's still opportunity to transform the basic credit card into a fully digital product. 0:00-1:42 Intro 1:42-1:56 Topics: Generative AI, payment rails shift, and regulation in open banking and sponsor banking 1:56-4:46 GenAI's potential impact on credit modeling and fraud 4:46-7:09 Implications of payment products becoming digital products ("The open face of the internet") 7:09-8:33 Why brands need to embed finance, and why every company will eventually be a fintech company 8:33-11:01 The card vs. pay-by-bank debate 11:01-12:24 New infrastructure to combat fraud 12:24-17:27 Reassessing traditional "top-of-wallet" tactics and longstanding business models 17:27-20:04 Potential implications of Visa/Mastercard antitrust suit 20:04-24:12 Regulation around open banking and sponsor banks 24:12-24:40 Outro Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

You can listen to In the Vault: New Applications in Fintech with Plaid’s Zach Perret and Marqeta’s Simon Khalaf online on Radio and Podcast. Open the player on this page to stream the available audio.

In the Vault: New Applications in Fintech with Plaid’s Zach Perret and Marqeta’s Simon Khalaf is an episode from a16z Live by a16z.

This episode is 00:24:43 long.

This episode was published on Jun 20, 2024.

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