Trust, Authentication, and the Humanization of Payments with John Ainsworth

“You and I can exchange value as long as we have an internet connection. We don't necessarily need an intermediary like we did before, and that’s exciting.” - John AinsworthFrom data to money to the ledger, traditionally, everything related to currency exchanges has been centralized. With the decentralization of finance, millions of people who could not access traditional banking have access to technology that can transform their lives and the way they exchange currency.Today, I’m extremely excited to be joined by John Ainsworth, President and CEO of Bonifii. I've had the chance to get to know him personally over the last several years, and I respect him as a technology leader and a visionary in many different areas. After starting his career at SunTrust, he continued to Visa and Mastercard as a senior leader, driving strategy and change and implementing key policies and procedures.In this conversation, John and I discuss the evolution of payment and authentication, how trust in the financial industry has changed over the years, what the humanization of money transfers looks like, the importance of trust, the role of technology in banking, potential risks and benefits associated with AI, and more.HighlightsJohn’s background and career experience in the world of Fortune 50 companiesJohn’s journey from Visa and Mastercard into the startup worldThe evolution of standard payment methodsHow technology has revolutionized payment experiencesThe transformation of currency exchangeThe shift from centralized payments to peer-to-peer transactions and the use of various form factors for paymentsLeveraging technology for the humanization of financial servicesRecognizing the level of trust and confidence in financial systems that’s needed for a transaction to occurInsights from the rising trust placed in cryptocurrencyConsequences of errors and the need for controls and balancesThe changing acceptability of AI and the associated benefits and dangersWhat people-driven tech means to JohnInterconnectivity and the value of genuine connections, trust, and respect in the context of technologyConnect with John AinsworthJohn Ainsworth on LinkedIn https://www.linkedin.com/in/jo....hnainsworthjr/Bonifi Website https://bonifii.com/Thanks for Listening!Make sure to follow or subscribe wherever you get your podcasts.Engage with us digitally on:Website | TailwindSW.com https://tailwindsw.com/YouTube | Tailwind Business Ventures https://www.youtube.com/watch?....v=NFsK82VPSZALinkedI | Tailwind Business Ventures https://www.linkedin.com/compa....ny/tailwind-business @TailwindSW https://www.facebook.com/tailwindswTwitter @Tailwind_sw https://twitter.com/tailwind_swTwitter @Tailwind_sw https://twitter.com/tailwind_sw