Why FinTech is failing the poor with Wendy De La Rosa

How can FinTech leverage behavioral economics to help people become more financially secure? Sheana Ahlqvist talks to Wendy De La Rosa, co-founder of Common Cents Lab, a research lab that launches and tests products to help low-to-moderate-income Americans.

IN THIS EPISODE YOU’LL HEAR:

  • What kinds of Fintech products and apps effectively help people budget and save.
  • How certain Fintech apps could be hurting more than helping those below the poverty line.
  • Why lots of common features are ineffective and undermine our interest in savings.
  • Tricks from behavioural economics that anyone can use to get their spending habits in order.
  • How the needs of those in poverty are drastically different and what product managers can do to fit their unique needs.
  • Specific ways to remove friction around SNAP benefits, tax refunds and loan repayments to help people in poverty get ahead.
  • Frequency Budgets vs. Financial Budgets
  • What dark patterns are and how they apply to Fintech products.
  • How “round-ups” can help people save money in the long term.
  • How temptation plays a major role in how people deal with their money.

Sheana and Wendy also talk about Wendy’s course: Designing AI to Cultivate Human Well Being.

LINKS:

OTHERS MENTIONED:

  • Tech Crunch
  • Forbes
  • 30 Under 30 Forbes
  • PBS News
  • MetLife Foundation
  • Uber
  • Lyft
  • SNAP Benefits
  • Ford
  • Amanda McLaughlin
  • Jennifer Aaker
  • Fei Fei Li
  • LinkedIn
  • Facebook
  • Stanford University

Stereotyping Appalachia: What Tech Gets Wrong feat. Dr. Sherry Hamby

In this episode of the Innovation For All Podcast, Sheana Ahlqvist talks to Dr. Sherry Hamby, a Research Professor of Psychology at the University of the South and a Director of the Life Paths Research Center (LPRC). They talk about the role of technology in peoples daily lives. They discuss Appalachian attitudes and values, ResilienceCon and how different societies operate in a technology-centric environment.

IN THIS EPISODE YOU’LL HEAR:

  • The culture of values and skepticism that makes Appalachian resistant to technology
  • What are the attitudes and stereotypes about Appalachia?
  • How are low income regions like Appalachia portrayed?
  • How different forms of violence are shifting online, for instance Cyber bullying
  • The negative effects on relationships from technology
  • How do people feel about Privacy invasion, data protection and cyber-crimes?
  • Is protecting our own privacy equally distributed among the rich and the poor?
  • What are the differences between how rural and urban societies operate?
  • How do regulations fit in all this?
  • The importance of consent in letting technology earn the trust of people.

Sheana and Sherry also talk about ResilienceCon.

LINKS

OTHERS MENTIONED

  • Orange is the New Black
  • The Simpsons
  • Yelp
  • Amazon
  • GDPR
  • Apple
  • Facebook
  • TED Talks
  • Jeff Temple
  • Emily Rothman

CONNECT WITH SHERRY

No one taught us how to work. Jake Kahana wants to change that with Caveday.

Technology can better serve humanity.

In this episode of Innovation For All Podcast, we talk to Jake Kahana, founder of Bettvr With Age and Caveday. Jake shares these two projects that look very different on the surface. In fact, they are united by a common goal: to demonstrate the social impact of technology. Discover how Virtual Reality (VR) can be therapeutic for seniors, why the typical 9-5 work day is a complete fallacy, and how to manage remote teams effectively. You’ll enjoy this episode if you are interested in VR or modernizing the workplace.

IN THIS EPISODE YOU’LL HEAR:

  • The difference between a social impact agency and cost marketing agency
  • The challenges in producing and distributing VR films
  • 2 significant limitations for senior citizens: mobility and finances
  • The Impact of Bettvr With Age
  • Physical and mental therapy using VR
  • What is Caveday?
  • How to improve your relationship to work
  • The dangers of overwork
  • How to communicate with a remote team
  • How important is establishing rules around communication, scheduling and productivity inside a team
  • 3 Things you need when you work – accountability, motivation, and support
  • Resources your team can use to increase productivity

Undoubtedly, technology isn’t just for the young. It is for all ages – even seniors. This is what Jake is proving to exhibit in his Bettvr with Age project where he produces VR films for senior citizens. Seniors can still experience places and activities that their old age won’t permit them to do and visit through VR.

We also discuss the science of productivity. Through Caveday, Jake and his team are able to organize pieces of training for individuals and companies on how to do deep work since no one taught us how to work. There are ways you can improve your relationship to work to be productive and also avoid overworking. Jake identifies specific resources you can use to support your team’s productivity and happiness.

LINKS

Others Mentioned

CONNECT WITH JAKE

Be brave, get paid: How women can earn more $ through negotiation, feat. Kathlyn Hart

Does the thought of negotiating terrify you? It could be costing you tens of thousands of dollars. In this episode of Innovation For All, Sheana Ahlqvist speaks with Kathlyn Hart, salary negotiation coach and founder of the Be Brave Get Paid salary bootcamp for millennial women.

In this episode, you’ll learn:

  • What are the biggest mistakes women make in salary negotiations?
  • How do you balance salary vs. non-monetary benefits like vacation?
  • Are the rules different for consultants?

Through her salary negotiation bootcamp “Be Brave Get Paid,” which has helped women increase their income by an average of $15,000, she teaches underpaid ambitious women how to confidently own their worth and ask for more.

Kathlyn is also the host of The Big Leap Show podcast, where she interviews entrepreneurial women about their journey from dreaming to doing. The podcast was featured on iTunes “New and Noteworthy,” and was named “Top 5 Women Podcasts You Must Listen” by Huffington Post.

Kathlyn’s teachings on career, courage, and business have been featured in publications such as Business Insider, Forbes, Bustle, The Muse, Learnvest, Hello Giggles, and Popsugar.

Links to Websites & Social Media

Kathlyn Hart Website: www.kathlynhart.com
Be Brave Get Paid: www.bebravegetpaid.com
The Big Leap Show Podcast: www.kathlynhart.com/podcast

Twitter: https://www.twitter.com/hustlynhart
Facebook: 
https://www.facebook.com/hustlynhart
YouTube: https://www.youtube.com/hustlynhart
LinkedIn: https://www.linkedin.com/in/kathlynhart/