The financial revolution is here. Here, we take a deep dive with one of the world’s top FinTech venture capitalists, Spiros Margaris, founder of Margaris Ventures, into the way AI and related technologies are transforming a key industry. Spiros, a senior advisor to, and investor in, several fintech, insurtech, cybersecurity, health care, and AI sector companies, including two FinTech start-ups with valuations of over $1 billion.
Margaris: The financial technology industry — FinTech — seems to originate from the need to provide for a democratized financial system, at least, the FinTech companies that interest me. The long-term impact of those companies will be our industry’s true legacy.
By democratization of the financial system, I mean an industry that provides for the unbanked or underbanked — people with disabilities, minorities, or marginalized groups — by providing them with access to basic and fair financial services. Many financial services that most of us take for granted are inaccessible to low-income and rural populations due to a lack of physical infrastructure, internet, smartphones, and computer access.
