Panel, Conference Presentation
Money, Access, and Scale: The Evolution of Financial Technology | Global Conference 2025
Milken InstituteNicole Valentine, Ashley Bell, Ladi Delano, Jalak Jobanputra, Matthew Oppenheimer, Trevor Traina, Matt Oppenheimer
- Remitly expects 90% of transactions to deliver in under an hour, with 10% still experiencing delays due to global infrastructure complexity, while noting that physical cash delivery remains dominant in the Dominican Republic; the company predicts Web3 and stablecoin innovation rates will vary by jurisdiction based on regulatory clarity, and anticipates that local banks may resist fund shifts to global stores of value as stablecoin adoption grows.
- Tools for Humanity projects its "proof of personhood" identity system will scale from a current base of 12 million verified users to exceed 100 million by the end of the current year, aiming to become a basic human right, though regulatory barriers regarding biometric data storage and communication currently hinder adoption.
- Future Perfect Ventures plans to unlock value in underserved populations by removing 20th-century intermediary layers and enabling asset fractionalization for art or local businesses, predicting that increased competition will align crypto-backed loan interest rates more accurately with risk and reward over time.
- MOVE intends to transition customers from operating single autonomous vehicles to managing local fleets as business owners, and plans to implement a single stable currency across its ecosystem to eliminate macroeconomic fluctuations and FX depreciation risks.
- Redemption Bank aims to become the first fully digital African-American-owned bank based in Salt Lake City, leveraging local wealth for a deposit floor to project national stability, with a lending strategy focused on small businesses and individuals lacking traditional credit scores but possessing rent history.
- Redemption Bank anticipates that a positive regulatory posture from the new administration on fiat-to-non-fiat currency movement will enable community banks to operate in the space if they demonstrate sound books, while also asserting that removing the monopoly of major credit bureaus could unlock trillions in economic activity by addressing credit score biases affecting 54% of people of color.
- Multiple speakers identify significant technological shifts, including the immediate transformative impact of AI on careers and governments, and the growing trust in new financial systems among African-American communities, who are projected to represent the highest percentage of crypto users in the country.