Fintech Impact

Summary:In this 101st episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host welcomes Phillip Barrar, founder of the Mylo savings and investment app, to talk about banking differences in Canada versus the EU, banking regulations, and more. Episode Highlights: ● 00:33: – Mylo is an app that rounds up your purchases and invests the change to help you work towards your savings goals. ● 03:18: – Phillip started Mylo after he was already teaching his friends and family savings techniques. ● 04:24: – Canada has an under-banked population and aren’t saving or investing. ● 04:40: – 53% of Canadians have under $1,000 in their bank account. ● 04:54: – For Phillip, it’s about inclusion; how do you make products more accessible and affordable and remove friction points? ● 09:06: – The roundup process in Mylo helps people go from saving nothing to saving their first $1,000 in a year. ● 09:15: – Users can also set up recurring