John Mitchell, CEO and co-founder of Episode Six, discusses the modernization of payment infrastructure, the challenges of legacy systems, and the future of programmable, frictionless, and real-time payments. The episode explores AI’s role in rapid product development and the need for adaptable, cloud-based financial technology.

Takeaways

• John Mitchell is driven by the challenge of building new financial payment systems.
• Legacy systems pose significant limitations for innovation in payments.
• Programmable money and interoperability are key focus areas for Episode Six.
• Customers value the ability to build products that meet their needs quickly.
• Flexibility in product development is crucial in a rapidly changing market.
• The future of payments will be characterized by real-time, on-demand services.
• Modernization of financial systems is essential for keeping pace with consumer demands.
• AI has the potential to streamline product design and development processes.
• Financial institutions face challenges in upgrading their systems effectively.
• The conversation highlights the importance of envisioning the future of payments.

Key Words:

• Payment infrastructure
• Legacy systems
• Programmable money
• Interoperability
• Cloud technology
• API
• Real-time payments
• Financial innovation
• AI in payments
• Digital assets
• Modernization
• Frictionless payments
• Product flexibility
• B2B2C
• Future of banking

Chapters

00:00 The Vision Behind Episode Six

02:20 Programmable Money and Its Impact

04:50 Customer-Centric Solutions in Financial Services

07:03 Envisioning the Future of Payments

09:49 Modernizing Financial Systems for Tomorrow

11:08 The Role of AI in Payment Innovations