Optimizing Financial Outcomes

We live in an instant economy, so why does it take so long to access your own money? Despite incredible technological advancements in the fintech space, money still moves around as slowly as it did decades ago with a paper-based payments system. It’s time for a change. In this episode of The Yield, Yieldstreet CFA Peter Kerr is joined by Orum Founder and CEO Stephany Kirkpatrick for a discussion about how technology is helping investors optimize their financial outcomes and move immediately and automatically across accounts, products, and financial institutions. Orum is the leading platform for smart real-time money movement and is aiming to tackle infrastructure around money at its core.Key Takeaways:[1:37] Orum’s mission was founded on the belief that consumers should always have immediate access to their money.[4:22] Why does it still take up to seven days for moving money to settle?[9:25] How instant money transfers actually work and the impact they have on banks.[11:35] A look into the current fraud space and Orum’s ability to change the paradigm of fraud.[15:20] Using machine learning to gather data and increase financial safety.[17:14] How does blockchain fit into the digital ledger at Orum?[23:15] Stephany’s insights as a CFP have shaped her drive with Orum.[28:24] A look at the coming major shifts in financial services.Mentioned in This Episode:Yieldstreet