11 October 2020

25. Innovation in FinTech with Dave Allen 

Dave Allen is a product executive who spent the last 25 years leading multiple innovation teams at various start-ups and fortune 500 organizations. Within those roles, he has launched a host of market-leading solutions for small and large financial institutions. You can find him speaking at various conferences and even at the Federal Reserve, focusing on how technology can bring greater financial inclusion for the underbanked. Currently, he is the co-founder and CEO of PayDN, a payment and data network focusing on expanding the underbanked community's digital payment options.

[00:01 – 05:53] Opening Segment

  • I talked briefly about valuable information that you can take advantage of in this episode
  • I introduce and welcome guest, Dave Allen
  • Dave talks about why he started PayDN
    • Built for the underbanked communities

[05:53 – 17:05] Innovation in FinTech

  • Dave talks about why he pursued innovation in financial technology (FinTech)
    • Making banking cheaper for all the communities
  • How do you stand out in the financial technology industry?
    • Do your research, make sure you're offering a solution.
  • Dave walks us through what makes PayDN unique and secure.
  • The future of FinTech

[17:06 – 22:33] Closing Segment

  • Dave shares tips and advice for entrepreneurs on how to get the ball rolling on your ideas. Let's make them a reality!
    • Just start it. Once you start, it becomes a lot easier.
    • Enjoy the journey. Don't rush into the destination.
  • Final thoughts from Dave
  • Connect with Dave online. See the links below.


Tweetable Quotes:

"Learning and understanding some of the pain points that [the underbanked communities] are having and they are experiencing, that gave me a whole new perspective as an innovator on how to develop products and solutions that could benefit them." – Dave Allen

"Just start it. Once you start, it becomes a lot easier. Yes, there will be frustrating times. Yes, there will be some highs and lows. But it's exciting and just try, just start." – Dave Allen

"I believe if you're going to be an entrepreneur you have to enjoy the journey and not always be trying to rush to the destination." – Natalie Born

Resources Mentioned:

You can follow Dave on LinkedIn. Visit the PayDN website or check out their LinkedIn profile.

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