Tim Talks To: Arun Rao, CEO and Co-Founder of Starbutter

Comments:

Details:

0:00~1:29 Introduction 1:29~3:49 Arun’s background 3:49~4:40 Life as a 6th-grade teacher 4:40~8:05 Bringing money into the classroom 8:05~9:30 Transition to bond trading 9:30~12:17 Habits picked up from mentors 12:17~14:56 The complexities of the bond market 14:56~18:33 Arun’s entrepreneurial journey 18:33~20:16 Using AI to optimize financial needs 20:16~20:43 A word from NGPF 20:43~25:34 Virtual assistants and what they can do 25:34~27:58 Robo-investors and 401(k)s 27:58~30:06 History of AI in finance 30:06~32:26 Establishing trust as a startup 32:26~34:40 What consumers can do with starbutter today 34:40~36:04 Time it takes to find a credit card 36:04~40:55 The future of starbutter and finance 40:55~42:30 Conclusion

Resources mentioned:

starbutter Bank of America - Erica

Quotes:

“I love virtual assistants because it can do 60, 70, 80 percent of the work humans do at the highest level, like the best human that does it, and we can just have one virtual assistant assisting millions of people.” “What we found with virtual assistants is that when you buy a product it's justifying with data why they made the suggestion.” “[For a consumer to find a credit card] it takes anywhere from 20 to 40 minutes but our agent can get really good recommendations under 5 minutes, often under 2 minutes.”