>> WELCOME BACK EVERYBODY TO
GENDER MOVERS BEAM IS A NEW
MOBILE BANKING APP LOOKING TO
TAKE ON BIG BANKS AND TO WIN
OVER
THOSE MILLENNIALS AND THE QUOTE
99% WHICH WITH HIGHER THAN
AVERAGE INTEREST RATES OF
COURSE A PRETTY
BIG POPULATION. THE COMPANY
LAUNCHED TUESDAY AND SAYS OVER
140,000 FOLKS OF ALL ALREADY
JOINED THE BETA WAITLIST ERIN
DO IS THAT CO-FOUNDER AND THE
SEA OVER AT BE GREAT TO HAVE
YOU WITH US.
THANK YOU FOR HAVING ME WELL
IT'S A VERY COMPETITIVE
BUSINESS. SO DEFINITELY KUDOS
TO YOU FOR GETTING INTO THIS
FIGHT WITH SO
MANY OF IS NOW ENTRANCE RIGHT
INTO MARKETPLACE, WHAT SETS
US APART.
>> SO I THINK 3 THINGS RIGHT
ONE IS THAT WE FUNDAMENTALLY
OFFER BETTER WE DO OFFER
CUSTOMIZED RAGE, SERIOUS
INDIVIDUAL SO CERTAIN MEMBERS
ARE IT WILL BE A REAL HIGHER
RATES THAN OTHERS BECAUSE THEY
CONTRIBUTE MORE TO THE
COMMUNITY. SO THAT'S ONE THING
THAT SETS APART FROM A
STANDPOINT CONSERVE ALLEY PROPS
ARE SIMPLY THAT'S WHAT I CARE
ABOUT THAT'S WHAT THEY GET.
THE SECOND MOST IMPORTANT IN
OUR OPINION IS THAT WE
FUNDAMENTALLY OR SOMETHING TO
HIM PROBABLY. WE DON'T A STUDY
IN IN TERMS OF
HOW MANY PEOPLE IN THE US
ACTUALLY WOULD LIKE TO HAVE
HIGH TO SPEAK OUT AND TURNS
OUTLETS 3 QUARTERS
THEM WANT HAVE A HEIST THINK
I'M THE ONLY A QUARTER OF THEM
ARE CURRENTLY USING ONE SO OUR
JOB IS REALLY
HOW TO HOW DO WE PART OF HIGHS
THIS PRODUCT SO THAT
ACCESSIBLE AND A SIMILAR BUY
THE OTHER 50% OF AMERICA SO WE
ARE FUNDAMENTALLY GOING AFTER
THAT PROBLEM WHICH WERE REALLY
FIRST AND THE ONLY ONE THAT'S
HAPPENED THAT PROBLEM RIGHT NOW
DESIGN THE RIGHT EXPERIENCE THE
RIDE OFFERING THAT MIGHT
FEATURE SET TO BE ABLE TO
EVANGELIZE DESPOTIC TONIGHT'S
AMERICA SO THAT'S THE SENATE
SECOND.
AND 3RD ONE DIFFERENCE IS THAT
WE DO I'M TRYING TO DEVELOP
FEATURES HOW RELEVANT TO
WORKING CLASS AMERICA. SO RISES
WE UH WE ARE WE HAVE A.
WE HAVE NO FEES A DOLLAR TO
START ONE MINUTE TO TO TO
START. RILEY IS A SENSIBLE
MORE IMPORTANTLY WE DON'T HAVE
ANY MINIMUM WE ACTUALLY HAVE A
MAXIMUM OUR MAXIMUM A
COUNT DOLLARS IS DESIGNED SO
THAT THEY NOW IS JUST RIGHT FOR
THE AVERAGE AMERICANS TO SAVE
ENOUGH RAINY DAY FUNDS. IT IS
NOT OUR MAX
OF THAT IS ACTUALLY LOWER AND
LOWER THAN SOME CASES THE
MINIMUM SET BY
SOME DON'T WHEN THE FED IS
LOWERING INTEREST RATES HOW WAS
THAT ON YOUR BUSINESS AS YOU'RE
TRYING TO OFFER HIGHER INTEREST
RATES FOR THAT FOR ANY LUCK
BUDGET AMID HIGH SPANKING
OFFERING WHAT WILL BE SO
STEPPED IN TO THESE MAC WILL
CHANGE IS A GREAT GREAT CAUSE
THAT TO HAPPEN RECENTLY SO WE
DO ADJUST FOR THOSE RATE THE
RATE OFTEN WE HAVE CURRENTLY
THE MARKET ONE PERCENT TO 7% OF
WHITE IS ACTUALLY ADJUST FOR
THE FAT, FED CUT RATE GOT
SO WE HAVE TO BE A TEAM TO THAT
BUT WE DO HAVE A
GUARANTEE COMMITMENT.
INTERNALLY WITHIN BEING AND
EXTERNALLY TO OUR USERS IS
THAT WE WILL ALWAYS OFFER A
MINIMUM RATE THAT'S HARD
INFLATION AND THAT IS A
COMMITMENT WE BELIEVE EVERY
AMERICAN DESERVES THE RIGHT TO
EARN ABOVE INFLATION RETURN THE
CASH, IT'S.
>> GETTING MORE DIFFICULT KNOW
AS THE FED CONTINUES TO CUT
RATES TO BE ABLE TO OFFER THIS
NO AS IT TURNS OUT EFFECT.
>> REDUCES RATE CHANT GENERALLY
SPEAKING INFLATION.
THE INFLATION TARGET PARTIES OR
SO IF THE 30'S RATE THAT MEAN
GENERALLY SPEAKING THAT
INFLATION WILL BE REDUCING
WHERE THE OUTLOOK FOR INFLATION
OVER TIME. SO I THINK OVER TIME
WE CAN STILL COMMIT TO THAT
PROMISE.
SO IT'S NOT JUST THE BIG BANKS
THAT YOU'RE GOING UP AGAINST
SOME OF THESE OTHER OFFERINGS
FINTECH COMPANIES THAT ARE
BATTLING FOR CONSUMERS
DEPOSITS IS BETTERMENT SAVINGS
ACCOUNTS THAT'S OFFERING 2.6 9%
YOUR COMPETITIVE ADVANTAGE
AGAINST SOME OF THOSE TECH
COMPANIES IF NOT THE
TRADITIONAL BANKS RIGHT WELL
FUNDAMENTALLY WE BELIEVE IN
LIKE A AND OFFERING THE SAME
RATE EVERYONE IS IN THE RIGHT
SOLUTION RIGHT BECAUSE EVERYONE
HAVE YOU KNOW JUST
DIFFERENT SITUATIONS, WE'RE A
DEMOCRACY WE BELIEVE IN
CUSTOMISATION AND NOT EVEN
GETTING SAME THING IF YOU CAN
SEE THE MOISTURE MORE SO THAT'S
FUNDAMENTALLY FROM OFFERING
SIMPLE VERY DIFFERENT. GOING
BACK TO WHAT I SAID EARLIER I
THINK THAT IS REALLY
FOR WHAT WE TARGET TO CUT
DEMOGRAPHIC TARGET WORKING
CLASS AMERICANS, THE 50% OF
THOSE WHO HAVEN'T USE ON A
SECOND COUNT THAT COULD BENEFIT
THEM FOR FROM THAT PRODUCT IS
OUR PRIMARY TARGET AND WE DO
TRY TO SERVE A DIFFERENT
ARGUMENT.
>> I THINK IT'S AN
IMPORTANT COMES IN TO HAVE AND
YOU KNOW AS BRAD BROUGHT UP
BETTERMENT AND WEALTHFRONT
TO MEAN I THINK ABOUT THE
TELECOM INDUSTRY AND HOW MUCH
TURNED THERE IS EVERY QUARTER
GIVEN BEST TEMPERATURES THAT
EMOTIONS AND BETTER RATES HOW
CONCERNED ARE YOU ABOUT THAT
WHAT IT MIGHT ACTUALLY BE ALIVE
EASY NOW EASIER TO SWITCH
BETWEEN BANKS WITHOUT HAVING TO
DO TOO.
SO THE QUESTION IS WHETHER IT'S
EASY TO SAY YOU CONCERNED ABOUT
THAT IN TURN WHEN SOME PEOPLE
ARE COMPETITIVELY
TO SHOPPING FOR BETTER RETURNS
ON THEIR SAVINGS IN AND THAT
YOU KNOW IS IS THAT A CONCERN
FOR YOU GUYS SO I'M.
GOOD NUMBER POPULATION DOES
DO RETURNING.
>> THEY'RE MORE PRONE TO
SENSITIVE TO RACE, BUT THE
MAJORITY TO PUBLISH AN ARE NOT
ASSESS ITS RIGHT TO CARE MORE
ABOUT EXPERIENCE ACCESSIBILITY
EASE OF USE WHAT YOU HAVE
INTERESTING DESIGNER EXPERIENCE
THAT CAN TRAP APPEAL TO THEM.
SO WE DO IT RIGHT EMPHASIZED
EXPERIENCED A SPIRITUAL
COMPONENT OF
WE BELIEVE THE SAVING IS
AUTOMATICALLY DRY TOPIC SO YOU
HAVE TO MAKE IT INTERESTING
FUN.
IN SOME CASES EVEN VIRAL OVER
CUSTOMERS REALLY WANT TO ADOPT
IT IF OUR MISSION IS REALLY
ABOUT EVENTS LIKE THAT SO WE
NEED TO MAKE
IT FUN. I CANNOT JUST BE ABOUT
RACE OFFERING CANNOT JUST BE
ABOUT THE 5 FACES POINT MORE
THAN DIFFERENT HAS SPEED ABOUT
EXPERIENCE SUCCESSFULLY.
INVESTMENTS STUDENT LOANS WITH
THE NEXT PRODUCT CATEGORY
SERVICE CATEGORY THAT YOU WANT.
SO WE HAVE A A.
BIG WAY LOOKS RIGHT NOW WHEN
YOU SURF OR SO WE'RE PRETTY
MUCH FOCUS ON THAT RIGHT NOW I
THINK WE'RE A NOT QUITE THERE
YET. BUT WE ABSOLUTELY ARE
INTERESTED IN OFFERING THE
PRODUCTS DOWN THE BUT RIGHT NOW