KOHO with Daniel Eberhard (CEO) | E51

01/08/19 • 34 min

Summary:

Jason Pereira, award-winning financial planner, university lecturer, writer, sits with Daniel Eberhard, CEO of KOHO. KOHO is a company that develops tech solutions to make the financial sphere more user friendly.

Show Notes:

● :30 - Introduction of KOHO and CEO Daniel Eberhard

● 1:30 - KOHO is a company focused on creating financial tools that make the banking experience more user friendly. The tools essentially sit on top of the secure bank’s back-end allowing Koho to focus on the UX.

● 2:00 - The set-up of KOHO allows the platform to be more client focused

● 2:30 - Daniel was inspired by the archaic banking structure of Canada

● 4:45 - Banks are disinsentified to provide a better, cheaper service and platform

● 6:15 - The two things banks must have to be successful

● 8:16 - KOHO user experience from discovery to use

● 10:00 - How KOHO gives users a rich insights into their financials

● 11:34 - The tools also help you set financial goals. The create a spendable balance alerting you on how much you have. It is essentially individuals future cash flow - something not generally calculated for individuals.

● 12:52 - KOHO is also increasing the amount of money saved by Canadians.

● 16:00 - KOHO establishes trust by ensuring they do not sell people products they don’t need.

● 19:44 - The bank on the backend of KOHO is People’s Trust

● 20:00 - How Canadian regulation could affect banking and the KOHO platform

● 22:20 - Future features offered by KOHO

● 26:32 - There are certain things that if you start consuming them your lifestyle dictates your need to stay in a certain job

● 29:10 - The major obstacle was developing the relationships with the banks

● 30:30 - How KOHO is moving the needle for Canadians

● 31:07 - Daniel wished Canadians would hold their banks to a higher standard

3 Key Points:

1. KOHO is a company that is changing the user experience for the banking space through

technology.

2. KOHO focuses on improving the user experience while a bank focuses on the back end.

3. KOHO is making it easier for people to track their finances and create financial goals.

Tweetable Quotes:

“KOHO is what's called a neo-bank what that means is we sit on-top of banking

infrastructure and then we create everything else.” –Daniel

“How do we listen really well to the customers and how do we move really fast. These are

the two values that create better value for our users.” – Daniel

“The money sits with People’s Trust and we [KOHO] sit on top of that infrastructure.” –Daniel

Resources Mentioned:

● The Fintech Impact

● Itunes to access the podcast

● Refer to Jason Pereira ́s Linkedin for Information about the Fintech event

● Woodgate Financial

Hosted on Acast. See acast.com/privacy for more information.

Summary:

Show Notes:

● :30 - Introduction of KOHO and CEO Daniel Eberhard

● 2:00 - The set-up of KOHO allows the platform to be more client focused

● 2:30 - Daniel was inspired by the archaic banking structure of Canada

● 4:45 - Banks are disinsentified to provide a better, cheaper service and platform

● 6:15 - The two things banks must have to be successful

● 8:16 - KOHO user experience from discovery to use

● 10:00 - How KOHO gives users a rich insights into their financials

● 12:52 - KOHO is also increasing the amount of money saved by Canadians.

● 16:00 - KOHO establishes trust by ensuring they do not sell people products they don’t need.

● 19:44 - The bank on the backend of KOHO is People’s Trust

● 20:00 - How Canadian regulation could affect banking and the KOHO platform

● 22:20 - Future features offered by KOHO

● 26:32 - There are certain things that if you start consuming them your lifestyle dictates your need to stay in a certain job

● 29:10 - The major obstacle was developing the relationships with the banks

● 30:30 - How KOHO is moving the needle for Canadians

● 31:07 - Daniel wished Canadians would hold their banks to a higher standard

3 Key Points:

1. KOHO is a company that is changing the user experience for the banking space through

technology.

2. KOHO focuses on improving the user experience while a bank focuses on the back end.

3. KOHO is making it easier for people to track their finances and create financial goals.

Tweetable Quotes:

“KOHO is what's called a neo-bank what that means is we sit on-top of banking

infrastructure and then we create everything else.” –Daniel

“How do we listen really well to the customers and how do we move really fast. These are

the two values that create better value for our users.” – Daniel

“The money sits with People’s Trust and we [KOHO] sit on top of that infrastructure.” –Daniel

Resources Mentioned:

● The Fintech Impact

● Itunes to access the podcast

● Refer to Jason Pereira ́s Linkedin for Information about the Fintech event

● Woodgate Financial

Hosted on Acast. See acast.com/privacy for more information.

Previous Episode

Future Tech today with Jason Pereira (Host) | E50

Summary:

Jason Pereira, award-winning financial planner, university lecturer, writer, speaks about the future of finance. As he celebrates the 50th episode of this podcast, Guest Host Guy Anderson talks to Jason about the six key technologies that will alter the future of finance. Tune in to see where 2019 will take finance.

Show Notes:

● :30 - 50th Episode celebration!

● 1:00 - New website and brand being launched soon

● 1:14 - Guest Host Guy Anderson

● 2:00 - Artificial intelligence and the basic use cases that are trickling into the financial services industry

● 4:00 - AI is dictating notes with a client and highlighting actions with the client

● 5:46 - AI enabled robo advisors ability to create analyst report

● 7:20 - How artificial intelligence is getting rid of many administrative jobs

● 8:30 - Differentiation between artificial intelligence and algorithms

● 9:00 - The bar keeps getting moved higher and higher for artificial intelligence. Siri for example.

● 10:00 - How augmented reality is entering financial services

● 12:30 - Virtual models now allowing us to pivot real-time

● 13:45 - Geolocation allowing apps and software to tap into location everywhere

● 15:00 - You can opt in to allow the bank to have your geolocation. The bank allows the bank to provide value for your life

● 17:20 - Why opting in is an important part of this development of technology

● 19:30 - Siri is basic and what is going to happen is going to be more functional

● 20:16 - How voice control is going to be used in financial services and voice recognition is used for security control

● 23:56 - Data aggregation is the ability to draw all your information into one place. Mint.com was the pioneer in this space.

● 30:45 - Automatic spillover to the savings account transfers

● 32:30 - How financial services will start to be able to give proactive nudges

● 33:18 - Data aggregation can be done on a individual level as long as you have access to the data

● 35:20 - The piece of data that is missing from all platforms

● 36:16 - How data aggregation will change the way we do taxes

● 38:51 - Data aggregation has a lot of opportunity in the future to make our lives more efficient

● 39:43 - How fitness tracking will affect your insurance rates

3 Key Points:

1. With the new year upon us, Jason celebrates the 50th episode of this podcast as well as six key technologies of the future.

2. Jason shares how artificial intelligence, geolocations, fitness tracking, data aggregation,

augmented reality, and voice control will change the face of finance in 2019.

3. Technology will only make processes more efficient and allow us to do things easier

(Think: taxes in real-time).

Tweetable Quotes:

̈You can dictate your notes to AI and it will highlight all your action items and delegate

them for you.” –Jason

̈Geolocation, many applications, can tell where you are physically.” – Jason

̈They can create better credit scores because they can look at your behavior financially. ” –Jason

Resources Mentioned:

● The Fintech Impact

● Itunes to access the podcast

● Refer to Jason Pereira ́s Linkedin for Information about the Fintech event

● Woodgate Financial

Hosted on Acast. See acast.com/privacy for more information.

Next Episode

Corl with Sam Kawtharani (CEO) | E52

Summary:

Jason Pereira, award-winning financial planner, university lecturer, writer, explores a royalty lending model with Sam Kawtharani, CEO of Corl. Corl is a company targeting the lending space with a new royalty model. They look for cash-heavy, asset-light companies to invest in with their model. On top of lending, Corl is moving the needle in business analytics and Security Token trading.

Show Notes:

● :30 - Corl is a business that helps business raise funds through a royalty model and blockchain

● 3:00 - How Corl is helping more businesses get access to capital in the lending space

● 6:00 - As long as the buyer can breakeven with the top royalty, it is still a cheaper option than other equity options

● 8:44 - Some founders have had a hard time wrapping their head around the new funding method

● 9:05 - Many companies participating are the ones that aren’t quite ready for venture capitalists. The other sides are the companies ready for venture capitalists but want to bootstrap the business and have cash injections from lenders.

● 10:03 - This plan could be very helpful for people in the services business

● 10:21 - Corl Perfect fit: Cash-heavy, asset-light businesses

● 15:50 - Corl is not just offering capital but also insights for the businesses

● 19:00 - How Corl is able to collect data and use it to provide an advantage

● 22:00 - Corl uses security tokens to exchange. They have been working with regulators on a security token for a long time. It is an approach to exchange in cryptocurrency.

● 24:00 - There are many exchanges down the road who will be supporting security tokens

● 24:30 - In the future, every security could be a token

● 27:44 - Sam sees a need for regulations to change especially the differences in each country.

3 Key Points:

1. Corl is enabling more companies to get funding.

2. Corl is a royalty based model lending company that enables cash-heavy, asset light

companies to find funding.

3. Corl is changing the game in investing not only on the lending side but also by offering

their own security as a security token.

Tweetable Quotes:

“What do you want ownership or do you want to keep cash?.” –Sam

“Our model is a perfect fit for cash-heavy, asset-light companies.” – Sam