AI Fuels Finance's (Much Needed) Tony Stark Moment
What made Tony Stark, AKA, Iron Man, such an alluring superhero? When the world was under threat, it didn’t take him ages to plan for multiple scenarios, asses risk, scheme action plans, and ultimately, pick the one with the highest probability of success.
Why? He was aided by his AI, J.A.R.V.I.S. (Just A Rather Very Intelligent System), which helped him think it all through. Now, so too can your finance team proactively manage risk, plan scenarios without added effort, and overcome those pesky human constraints to save the day. Let’s take another deep dive into AI and how its impacting corporate finance.
Watch Part 1 of the episode on YouTube below!
Remaining segments of the episode are linked here:
Part 2 – Saved By AI
Part 3 – AI Takeover?
Episode Highlights
- What’s so special with this new wave of AI and how it’s hitting finance teams.
- Is AI just a buzzword to attract VC funding? Why Trovata is investing so heavily in it.
- Adopting AI means changing the way we work—why you can be excited, not scared!
- How Trovata found a way to derisk using ChatGPT in a corporate finance setting, so teams could use it to run scenarios, forecast cash, produce cash reports, etc.
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Show Notes / Resources
Read the full transcript.
Learn more about Trovata at https://trovata.io.
About Fintech Corner
A podcast for fintech lovers that starts conversations between bankers, financial technology innovators, and their clients to evolve finance and treasury for the 21st century. For decades, there has been a gap between the technology that banks can offer and what corporate clients need for modern cash flow management and analysis. We’ll cover emerging trends to help bridge this gap, technologies that can reshape the roles of treasury & finance, and the in’s and out’s of API bank connections & open banking.
Brett Turner
Founder & CEO, Trovata
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Joseph Drambarean
CPO & CTO, Trovata
Joseph Drambarean is the Chief Product Officer as well as Chief Technology Officer at Trovata. Joseph is one of the founding members of the company and the first engineer. Before Trovata, he worked with companies like Capital One where he was at the forefront of digital transformation, leading product management as head of the innovation labs and mobile banking teams. Joseph is driving innovation around rapid deployment and customer onboarding, bank-grade security, and machine learning at Trovata, creating a more consumerized user experience for customers from small businesses to enterprises.
Jeff Macke
Founder & President, Macke Asset Management
Jeff Macke is the founder and President of Macke Asset Management where he directs investments in public and private companies. He was a foundering cast member of CNBC’s Fast Money and has appeared on NBC, Fox, Bloomberg, ABC, Yahoo Finance and dozens of podcasts.
Macke co-authored “Clash of the Financial Pundits” with Josh Brown and has written for dozens of financial news organizations since the 1990’s.
Connect with Jeff on Twitter: https://twitter.com/jeffmacke
