3 Interesting TEDTalks On Finance You Need To Watch

TEDTalks are influential videos on a wide variety of topics, launched by a media organisation, TED (Technology, Entertainment, Design), which operates on the tagline of “Ideas Worth Spreading”. Speakers are given a maximum of 18 minutes to share their perspective on a topic often through the medium of storytelling. They are usually people who are very successful in their industry or field and have a perspective that is supported by their rich personal experience. This makes TEDTalks a valuable source of information on other peoples’ viewpoints toward certain topics and decisions.

We have discovered 3 interesting TEDTalks regarding the field of Investments, Personal Financing and the Future of Banking. They provide useful insight into these niche areas and may also answer your questions or satisfy your curiosity about these topics. With no further ado, you can read on for our summaries of these 3 TEDTalks and check out the accompanying videos as well!

How FinTech is Shaping the Future of Banking (Financial Inclusion)

FinTech thought leader Henri Arslanian has had vast experience in the finance industry; Starting off as a financial markets and funds lawyer before moving on to UBS Investment Bank, he is currently an Adjunct FinTech Associate Professor at Hong Kong University. Henri details the changes happening in the financial landscape, arising from the financial crisis in 2008. If you are an avid investor or even a new investor, it’ll be useful to check this TEDTalk and keep up-to-date with shifts in the financial market!

In just 14 minutes, Arslanian touches upon the rise of FinTech enterprises after the 2008 financial crisis, depicting how innovation was pushed to the back-end as many banks focused on resolving issues, creating an opportunity gap for disruptive FinTech enterprises to enter the industry. Arslanian also shares his perspective on the conversations surrounding the pros and cons of disruptive technology, emphasising on how FinTech encourages financial inclusion and places customers as the main beneficiary. On the flip side, he also discusses how FinTech will gradually render banking jobs and other finance-related jobs obsolete and provides suggestions on the changes that should be made to the structure of tertiary education to better equip the incoming workforce.

The X and Y of Online Alternative Finance (Alternative Finance)

As the Executive Director of the Cambridge Centre for Alternative Finance, Bryan Zhang has co-authored some of the most influential industry reports on alternative finance. An expert in the field of Alternative Finance, Bryan walks us through the Xs and Ys of Online Alternative Finance, touching on topics such as the emergence of crowdfunding, Peer-to-Peer (P2P) lending and cryptocurrencies.

Zhang begins with three simple but powerful analogies that depict how the disruptive technologies of today were actually practised in the past before the banking system was well-established. He then delves into how FinTech enterprises such as P2P lenders are changing the way investors invest now that they are given more autonomy. However, Zhang ends off with a warning that disruptive technology channels are not innately progressive in essence and can be easily misused by old agents that abused the traditional financial systems. Moving forward, he advises the audience to think about ways to change the infrastructure of money such that it really serves the interest and increases the welfare of the financially marginalised community.

When Money Isn’t Real: The $10,000 Experiment (Personal Finance)

Adam Carroll is one of the top transformation trainers, having presented his message of “Building A Bigger Life, Not a Bigger Lifestyle” at over 500 colleges and universities worldwide and to over 200,000+ people. In this 15 minutes sharing, Carroll discusses the topic of financial abstraction which is the notion that people interact with money differently when money becomes more of an idea and less tangible. If you are interested in the topics of personal finance and financial management in an increasingly cashless world, you should definitely check this out!

Carroll centres his sharing on a game of monopoly that he played with his children, whereby he swapped out all the monopoly cash for real, tangible money and observed how their game behaviour changed. He equates that to society’s shift in our interactions with money, with the true currency of today no longer being coins or currency but digital. This creates a world where money is no longer real, it’s an illusion, but it still holds very real consequences. He hypothesises that the abstraction of money could be a key factor behind modern bankruptcy as digitalisation furthers the abstraction, causing many to view money as limitless until they hit the backend. To nip this rising trend in the bud, he proposes providing the next generation with relevant financial experiences from a young age so that they will have a higher likelihood of achieving financial success later on in life.

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