In this conversation, which took place at a16z's Connect Fintech event, a16z General Partner Angela Strange, Plaid CEO and cofounder Zach Perret, and Marqeta CEO Simon Khalaf discuss how AI will shape the future of banking, the battle between payment rails in the U. S., and how there's still opportunity to transform the basic credit card into a fully digital product.

0:00-1:42 Intro

1:42-1:56 Topics: Generative AI, payment rails shift, and regulation in open banking and sponsor banking

1:56-4:46 GenAI's potential impact on credit modeling and fraud

4:46-7:09 Implications of payment products becoming digital products ("The open face of the internet")

7:09-8:33 Why brands need to embed finance, and why every company will eventually be a fintech company

8:33-11:01 The card vs. pay-by-bank debate

11:01-12:24 New infrastructure to combat fraud

12:24-17:27 Reassessing traditional "top-of-wallet" tactics and longstanding business models

17:27-20:04 Potential implications of Visa/Mastercard antitrust suit

20:04-24:12 Regulation around open banking and sponsor banks

24:12-24:40 Outro

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

In a new episode of In the Vault, a16z General Partner Angela Strange talks with Jeff Sloan, former CEO of Global Payments, about how he was early to spot significant industry trends, how to make bets that move an organization, and the sea change that AI represents for the financial services industry.

0-1:40 Intro

1:40-8:15 Joining Global Payments

8:15-19:30 Placing many bets

19:30-26:10 Deal integration and scale advantage

26:10-31:35 GenAI sea change

31:35-32:19 Outro

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

In a new episode of In the Vault, a16z General Partner David Haber talks with Marty Chavez, a partner and vice chairman of Sixth Street Partners, about the foundational role he’s had in merging technology and finance throughout his career, and the magical promises and regulatory pitfalls of AI.

0-1:30 Intro

1:30-12:50 Marty's history and transition to Wall Street

12:50-20:50 Financial Crisis and SecDB

20:50-32:10 GenAI's impact

32:10-36:15 AI and biotech

36:15-37:06 Outro

Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.