Banking Innovation Challenges
Max emphasizes the importance of building products that genuinely serve consumers' long-term financial health, rather than just their immediate needs. He discusses the origins of his company, focusing on responsible lending practices that help users manage their finances without falling into debt. The conversation also touches on the banking industry's reluctance to innovate, citing profit margins as a significant barrier to change.In this clip
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Decoder with Nilay Patel
Recode Decode: Max Levchin, Affirm CEO
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