Matthew Panzarino

Modern Money: How Technology and Culture Are Changing How We Save, Spend and Invest

Lena Rao, Greg Baxter, Mike Cagney, Rebecca Lin, Adam Nash, Don Kwan, Greg D, Craig O, Stephanie Wong, Jr., Matthew Accarrino, Jr., Stephanie Hirschhorn, Jr., Rebecca Garcia, Matthew Panzarino, Zhang Zhuoijia, Caroline O

This panel discussion among leaders from Citi, SoFi, Wealthfront, and the CFPB analyzes how the financial behaviors of the $15 trillion baby boomer demographic and the 60 million millennials are forcing a shift from bundled traditional banking to unbundled fintech solutions. While legacy institutions like Citi pursue strategic acquisitions to capture younger consumers, non-bank competitors increasingly favor partnerships to maintain capital efficiency and avoid the regulatory burdens of full banking licenses. The conversation concludes with a consensus that the next five years will be defined by AI-driven automation, the demand for real-time payments, and a potential consolidation of the 7,000 U.S. financial institutions due to these structural and cultural pressures.