Mastercard CTO on The Past And Future Of Finance (Absolute Finance Masterclass 2024)
October 29, 2024
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55:57Now PlayingMastercard CTO on The Past And Future Of Finance (Absolute Finance Masterclass 2024)
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as posted by the channelEd McLaughlin, CTO of Mastercard discusses the fascinating evolution from paper money to digital neural networks that now protect trillions in global transactions. Ed opens up about Mastercard’s AI system that uses over 1.6 trillion parameters, processes decisions in 50 milliseconds, runs in 210 countries and prevented $20 billion in fraud this year. We explore the deep lessons from his startup days - from operating with zero revenue to transforming how billions of people pay today. From unbreakable payment networks to the future of digital transactions, Ed shares invaluable insights about building technology that powers economies. He breaks down why learning to learn matters more than specific skills, and why the best products don't make markets - they unlock existing demand. An insider's perspective on how payments has evolved and where the next breakthrough might come from.
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