{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Crazy Wisdom","title":"Episode #527: Breaking the FinTech Echo Chamber: Tommy Yu's Behavioral Finance Operating System","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/2e03ffc9\"></iframe>","width":"100%","height":180,"duration":3035,"description":"Stewart Alsop interviews Tomas Yu, CEO and founder of Turn-On Financial Technologies, on this episode of the Crazy Wisdom Podcast. They explore how Yu's company is revolutionizing the closed-loop payment ecosystem by creating a universal float system that allows gift card credits to be used across multiple merchants rather than being locked to a single business like Starbucks. The conversation covers the complexities of fintech regulation, the differences between open and closed loop payment systems, and Yu's unique background that combines Korean martial arts discipline with Mexican polo culture. They also dive into Yu's passion for polo, discussing the intimate relationship between rider and horse, the sport's elitist tendencies in different regions, and his efforts to build polo communities from El Paso to New Mexico. Find Tomas on LinkedIn under Tommy (TJ) Alvarez.\nTimestamps\n00:00 Introduction to TurnOn Technologies\n02:45 Understanding Float and Its Implications\n05:45 Decentralized Gift Card System\n08:39 Navigating the FinTech Landscape\n11:19 The Role of Merchants and Consumers\n14:15 Challenges in the Gift Card Market\n17:26 The Future of Payment Systems\n23:12 Understanding Payment Systems: Stripe and POS\n26:47 Regulatory Landscape: KYC and AML in Payments\n27:55 The Impact of Economic Conditions on Financial Systems\n36:39 Transitioning from Industrial to Information Age Finance\n38:18 Curiosity and Resourcefulness in the Information Age\n45:09 Social Media and the Dynamics of Attention\n46:26 From Restaurant to Polo: A Journey of Mentorship\n49:50 The Thrill of Polo: Learning and Obsession\n54:53 Building a Team: Breaking Elitism in Polo\n01:00:29 The Unique Bond: Understanding the Horse-Rider Relationship\n01:05:21 Polo Horses: Choosing the Right Breed for the Game\nKey Insights\n1. Turn-On Technologies is revolutionizing payment systems through behavioral finance by creating a decentralized \"float\" system. Unlike traditional gift cards that lock customers into...","thumbnail_url":"https://img.transistorcdn.com/UZbrDrlO5VTfDNcq188THwbv0T09vcmLyzx3BcPI9bs/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81Y2Rj/OGFiMTYyMGFkNTM5/N2NjOWI2MWM5YzQ1/YTc2Ny5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}