00:14welcome welcome welcome i'm your host
00:16henry arsladin and welcome to another
00:18episode of the future of money podcast
00:21as you all know my goal with this
00:22podcast is very simple it's to go deep
00:24in some of the biggest ideas trends and
00:26developments we are seeing in the field
00:28of crypto and hopefully empower you with
00:30this information and then let you make
00:33your own decision on what their impact
00:35can be on the future money and the
00:36future of finance and to do this i
00:38invite each week one of the leading
00:40figures of the global crypto community
00:41to have a one-on-one conversation
00:43amongst crypto aficionados and discuss
00:46some of these topics uh before i jump
00:48right in i just want to really to thank
00:49you all uh for first of all making this
00:51podcast so successful and now the
00:53podcast according to the latest data is
00:55in over 160 countries there's thousands
00:58of you downloading each episode and
01:00obviously it goes to my half million
01:01followers every week so really thank you
01:03for making it such a success and also
01:05want to thank you all for all the
01:07support from my latest book uh the book
01:09of crypto that literally came out a
01:11couple couple weeks ago but is you know
01:12became the number one new release
01:14globally on financial services on amazon
01:16and has become a global top 10 best
01:18seller again in financial services a big
01:21thank you to you all a big thank you to
01:22my publisher of pelgrave and really to
01:24uh each one of you who kind of inspired
01:26me to make that book a reality and
01:28working hard for the last two and a half
01:30years and making it uh bringing it to
01:32fruition uh today i'm very very excited
01:34today because it's gonna be somebody i
01:36really admire a lot uh they're gonna
01:38have to the chance to have a one-on-one
01:40in-depth conversation uh i'm very
01:42excited that we're gonna we have with us
01:44mr jean-charles ceo and chairman of
01:46deltek group uh and uh one thing by the
01:48way you may not know about jean he's
01:50that he's a part of his successful
01:52financial career at deltek he is the
01:55creator of a number of successful tv
01:58series that you probably know like for
02:00example inspector gadget probably the
02:03one of the ones i made really the shows
02:05that i still love in my childhood and
02:06there's another show that he actually
02:08created uh you know growing up in
02:11it was when i used to watch french tv it
02:13was called the mysterious citadel one of
02:16the most successful probably one of the
02:17show that inspired me the most and jean
02:20was the mastermind behind josh
02:23co chairman of delta group welcome to
02:26well thank you so much
02:29uh but i have to say i'm a bit of a
02:30groupie on when it comes to all these
02:33some of these inspector gadgets
02:34especially and i want i want to ask you
02:36about inspector gadget later on as well
02:38but before i move on i just want to make
02:40a disclosure to the audience as well uh
02:42you know dell tech group has been as it
02:44has been a previous sponsor of some of
02:46my educational content and i actually
02:48sit myself as an independent director of
02:50on the board of deltek group as well so
02:52i just want to make that full disclosure
02:54uh out there uh jean let's jump right in
02:57there's so many things i want to ask you
02:58about uh from the links between
03:00inspector gadget and crypto but before
03:03we do that i just want to i think it
03:05would be great you can share with the
03:06audience your personal story really uh i
03:09think it's you have such a fascinating
03:11story i think it'd be very useful for
03:12the audience to know before we jump uh
03:15we go more into detail in deltek and
03:21let's say from start in france all the
03:23way your time in japan and then go let's
03:25go to we need to put an inspector gadget
03:27in there though as well yeah
03:29oh well i started fairly young and uh
03:32in a field of advertising
03:35and from advertising i moved to
03:37producing uh writing i will i always
03:40treated and considered myself to be a
03:42writer i always wanted to be a writer
03:45so i started to write
03:47you know concept for television first
03:50for the french television and then the
03:51company became fairly successful quite
03:53fast and i moved to i kept the company
03:58extended we had a place in uk also and
04:03traveling bag and i went to look for
04:05production facilities it was in
04:06animation i ended up first in taiwan and
04:10from taiwan to japan i created a company
04:12in japan that was the subsidiary of the
04:16and it was called dig the ic and
04:19then from there a couple of years later
04:22i moved to los angeles and it was the
04:25first time that the foreign company came
04:28and we achieved an instant success and
04:30when we went from zero to become the
04:33largest worldwide animation production
04:35company at that time disney was kind of
04:37asleep is before michael eisner and you
04:40know it was really almost an overnight
04:43success i have to say and the company
04:45grew very fast though we were the only
04:47international company we produced show
04:49such as you said for the gadget the
04:50cities of gold which is the english
04:52translation of mysterious
04:55but also jason with wire the care bears
04:59the second series of he-man
05:05many many we we produced that and i was
05:08the head writer most of the time um and
05:11the head of production and creation
05:14how did it happen like how did it like
05:16uh maybe for the benefit of our audience
05:18i know it was not crypto but how did
05:20like a topic like inspector gadget came
05:22to be because in that show obviously you
05:24talk a lot about the future i remember
05:26in that you had the first like iwatch in
05:27a way you had the voice translators you
05:30literally even had kind of uh ipad you
05:33know you kind of foresaw a lot of these
05:35innovations in there how did you come up
05:37with the idea of inspector gadget and
05:39how did like the top process of like
05:41imagining the future with that show
05:44well first thing uh anything dealing
05:46with production on television or movie
05:49you have to be very humble there is not
05:51one creator there is a group of people
05:53you work as a team in that sense by the
05:55way you find the same thing in finance
05:57and in crypto especially
05:58you you don't work alone totally there
06:01is always a team there is always
06:02something and in tv production is sam
06:05you know i was writing script i'm not an
06:08artist i don't draw so obviously i had
06:10to work with the artist and the artist
06:13when they have a certain way of
06:15reading and illustrating what i wrote
06:18sent back to me an inspiration etc etc
06:21uh i don't remember exactly who had the
06:24idea of penny control pad or the the
06:29i don't remember i i don't remember
06:31maybe me maybe not me maybe me plus the
06:34the rest of the team uh we you know it's
06:36a collective work we had fun we were all
06:38very young and very excited and very
06:41passionate about what we're doing you
06:43know i think the number one thing as i
06:45said before we had fun and when you have
06:47fun you create you develop you you
06:49imagine we're laughing all the time we
06:51had great fun working together
06:53that's amazing and then you know it's a
06:56i think even the concept of fun is
06:57something i think we need to discuss as
06:58well how we bring that into like finance
07:01and banking but before that maybe for
07:02the benefit of our audience as well can
07:04you explain how you end up from
07:05obviously all your inspector gadget all
07:07your creative work you were doing to
07:08basically del tech you know one of the
07:10major banks that deals with crypto today
07:14oh my that's a complex transition
07:16obviously and you have no idea the
07:18number of people tell me come on your
07:20writer your producer how come you end up
07:22being a banker it must be so boring
07:24and not at all i i think you know you
07:26found creativity in everything you want
07:29it's a question of attitude and as you
07:32you can either run your life and with a
07:35smile or complain about everything all
07:39i think you know in banking and finance
07:41there is a lot of thing we can do it
07:43could be fun number one it's always a
07:44teamwork and as a teamwork you can
07:46really enjoy and appreciate the
07:48collaboration together and make it
07:50better and make it more fun but also
07:54going beyond that is the fact that you
07:57it's a little bit like what i call a
07:59you find what you bring you are going to
08:02find the food you bring and you're going
08:04to eat the food you bring so if you make
08:07fun if you imagine a product that are
08:09interesting if you imagine service and
08:13that are interesting you're going to
08:14have to enjoy what you do and you have a
08:18usefulness if you want the sense to
08:21makes a sense of purpose you know when
08:25uh with innovators and uh you mentioned
08:28uh before the the idea when we was doing
08:31gadget the some gadget uh like gadget is
08:34based on gadgets so by nature you had a
08:36lot of gadgets so i'm very realistic
08:38some not realistic at all right to have
08:40a helicopter in your head is
08:43you know it's a it's a little bit of a
08:44stretch obviously but there was a lot of
08:47thing that we imagined at that time and
08:48uh yes looking at the future and loving
08:51the future and understanding it
08:53is something that can be done with pure
08:56imagination and you translate into
08:59movies or it translates into reality
09:02when you're in a world of finance
09:03because your role is to support the
09:04innovators so if you want this is the
09:07bridge in between but what brought me to
09:09banking to answer your question just
09:11circumstances of life you know i was a
09:14clown at the beginning of del tech i was
09:16invited to become a director
09:18later on i was invited to become a small
09:20shareholder and i got more and more
09:22involved and interested and you know i
09:24could not understand a word of what they
09:25were speaking about at the beginning and
09:28i got interested i just learned and
09:30learned and more and more and again i
09:32said circumstances of life the passing
09:34of the ceo he died of a terrible
09:37accident during hurricane sandy put me
09:39in the spot really and i was
09:41on the right place right time and i came
09:44on board and he has been now more than
09:49you know jean i had the privilege in my
09:51professional career to work with many
09:52many ceos of many banks and financial
09:54institutions but i have to say from
09:56everyone that i worked with you're
09:58probably the most impressive not only
10:00because how you're thinking about the
10:02but also i don't know if you can mention
10:04this i've come up with your age you know
10:06you're not a 35 year old young guy i was
10:08just you know the mid career i really
10:10wish uh one day when i had the same
10:12level that's experience or maturity as
10:14you do to still have this passion about
10:15the future you know actually so why do
10:17you care like why why are you so
10:19passionate about the future what drives
10:23well you just they mentioned the age
10:25factor i'm 72 years old you know you
10:34by all counts you know even if i'm in
10:35good health and everything goes fine
10:38no realistically not many years left
10:42is it about making money absolutely not
10:44is it about feeling good about what you
10:47do and working with people you like and
10:49doing something that is interesting and
10:51you believe you are somehow
10:54doesn't matter how small contribute to
10:56the future yes there's more that
10:58reasoning you know so and i like i like
11:01innovators i like people who think
11:03differently i like people who uh come
11:06with ideas that nobody has
11:08you know imagination is limitless and we
11:11use a deltek by the way the the the key
11:14sentence limitless key word limitless we
11:18the future is limitless imagination is
11:20limitless we believe that
11:22we can imagine a lot of thing and we
11:25also believe that as a small bank and as
11:28a bank and insurance company we can
11:30support the future by supporting the
11:33the innovators and the creator of the
11:36future and the future is built every day
11:38and the convergence of what you see
11:45crypto you know a lot of things look at
11:47only some side of the future development
11:50but there's so many things that people
11:52don't look at so our role probably here
11:58you know a regulated entity translated
12:01the world of tomorrow into the world of
12:05not an easy feat you know that's for
12:07sure no but it's it's fun and and it is
12:10great and you meet uh on the regulatory
12:13side you meet the very very interesting
12:15people you meet people who want to help
12:17the future also on the government side
12:20on the regulatory side also
12:22and uh you have interviewed recently one
12:25of the person was the the chairman of
12:27cftc and uh and uh you know this is
12:31is trying to make this thing change for
12:32the better so there's a lot of people
12:35who think the same way not a lot of
12:37people expressing them all the time
12:38because they don't have always always
12:40the opportunity to speak but i think the
12:42vision of the future is what guide us
12:45got us at deltek and what made us
12:48embrace crypto for example uh six years
12:51so let's talk about that i think it's
12:53very important i think that uh i think
12:55many of us like myself who have been in
12:56crypto for for some time uh we always
12:59saw deltek as being one of the early
13:01pioneers when it comes to traditional
13:03regulated banks in the field of crypto
13:05and like you said like you know delta
13:07has been looking now at crypto for for
13:09how did that process grow i mean
13:11what made you make that decision this is
13:13a move to actually be comfortable
13:16dealing with crypto companies
13:17literally like you mentioned five years
13:19ago when even now in 2022 i still meet
13:21so many financial institutions that are
13:23still afraid or don't understand crypto
13:25are afraid to get close to it can you
13:27share with our audience what was the
13:28process and how did you go from being
13:30curious about it to actually
13:31understanding it and being comfortable
13:33to do business with it as a regulated
13:35bank okay well the process is exactly
13:38the same as an approach of risk right
13:42when you go in a dark room
13:44let's say in a cave or
13:48it's scary it's dark
13:50you may trip maybe somebody waiting for
13:53you or to hurt you or a wild cat or
13:57anything turn on the light
13:58and you will see if there is anything
14:00dangerous or not right so what we did is
14:02to turn to turn on the light we spent a
14:04great deal of time trying to understand
14:06we started to work on the blockchain
14:08side not the crypto side and we learned
14:10a lot about blockchain
14:13you know we started to be introduced by
14:14the blockchain people
14:16to crypto people which is you know the
14:18same and not the same at the same time
14:21and we didn't understand we didn't know
14:24we did what we should do what the
14:26responsible entities should do we
14:29we started to put our eye together we
14:32went to the right place we have been
14:34lucky to meet people we're involved uh
14:36lawyers and and people where at some
14:40point at vincent no longer in vincennes
14:42that were involved in the silk road
14:45dismantling if you remember that
14:48and we learned a lot from them we
14:50learned from the people where the
14:53we learned they were no longer there
14:55because obviously they could not have
14:56spoken to us otherwise we learned from
15:00by researching by documenting by looking
15:02at and we came to the conclusion that
15:08many aspect is safer if handled well and
15:11understood well then
15:13fiat currency that you know the bank not
15:16having my pocket nobody knows
15:18who touch it where it's coming from why
15:21in the world of crypto you know that
15:23whatever we do today is will be here in
15:2650 years and will be able to be traced
15:28and you can trust today from the origin
15:30of anything and then if you know that
15:36using some you know some currencies uh
15:39cryptocurrency or some tumbler or mixer
15:42just don't touch it that's all you can
15:44decide your destiny but if you want to
15:46deal with people who are good players
15:49serious don't want to be involved in
15:52anything criminal or even marginally
15:54correct uh you don't touch and uh my
15:5999.9 of the people i will say
16:0399.999 percent of people are good
16:05players good actors they don't want to
16:07do anything bad they just want to
16:10either make money or develop something
16:12they believe in or contribute to
16:14something i know some people in the
16:17very very charitable they involve the
16:20money they make they give to
16:22institutions that support people and yes
16:24you have some bad actors the question is
16:26to avoid the bad actors and we are i
16:29believe fairly strong at that it's
16:31interesting that obviously you know it's
16:33uh spending the time to learn what you
16:36said that actually doing the responsible
16:37thing is that you spend the time to
16:39actually understand and learn is is so
16:41right right and i wish i'd say a lot of
16:42other organizations would spend that
16:44time to actually do their homeworks and
16:46learn from that perspective but actually
16:48you know obviously being a regulated
16:50bank you're dealing with a number of
16:51other organizations that you're in touch
16:53with you know as a regulated financial
16:56institution that got into crypto
16:59what that happened then with
17:00correspondent banks i know one of the
17:01big concerns a lot of banks have when
17:03they get involved in crypto is the risk
17:05with correspondent banks
17:07how do you deal with those issues i mean
17:08i'm sure there was challenges and how do
17:10you guys handle those and what was
17:11actually the biggest challenge that
17:12we've had with correspondent banks
17:17and today is completely different world
17:18obviously six years ago
17:21you were saying the word crypto and
17:23people were coming to you with you know
17:25like you were dracula and uh it was it
17:28was terrible so today obviously
17:31the occ has you know
17:34accepted in the u.s that the bank could
17:37custody crypto and dealing crypto the a
17:40lot of states bank in the u.s do that in
17:42switzerland or in singapore or in france
17:44you see a number of operations existing
17:47when we started six years ago we were
17:49the only bank in no sense in america's
17:53globally speaking the only one that made
17:55the effort to really investigate crypto
17:58and try to understand what we could do
18:01and you know by all the
18:03institution consideration
18:05correspondent bank for example
18:08there was a risk that they didn't want
18:09to take why because they didn't do the
18:13and they didn't want to
18:16rely on the homework we did and the
18:19investigation we did we did that very
18:21seriously very deeply we did not want to
18:24we were way too small by that time to
18:27take a risk to be shut down by our
18:29regulators or by the the other
18:31institution so we did a very serious
18:35very calculative risk here calculated
18:37race story english not my language so
18:40sorry for my mistake when i speak
18:45so yeah it was challenging it's less and
18:47less challenging it's more and more
18:50playing field today because people
18:52accept that more and more i can't help
18:54being amused sometime to see people who
18:56shut us down at some point or the
18:58relationship was shut down five years
19:00ago but today i like the big proponent
19:02of crypto i don't want to say anymore
19:04but there is some names in the industry
19:06today that were like well never touch
19:08that is the wall of criminal and so on
19:11and today they are like the
19:13trying to be number one so it's a very
19:15funny but never mind that's the the way
19:19now i think you're right a lot of these
19:20traditional banks especially in the us
19:23seem to have made it 180 it's it's quite
19:25funny to watch as well from that
19:26perspective but you think you you
19:28mentioned obviously risk right you know
19:30i mean you mentioned before you want
19:31deltek to become the the bank for
19:33innovators right do you think the way
19:37risk is wrong like should a bank for
19:39innovators be different like from a risk
19:42when you're dealing with such innovative
19:44businesses like crypto
19:46should a framework that we use for risk
19:48management be different than what would
19:50be using what the traditional banking
19:51industry has been using for some time
19:55ah that's a very very very
19:58deep question i will say
20:00essentially what you want to try to
20:07well to have bad money coming into the
20:09system basically right the the base of
20:13at first is really the money laundering
20:16issue how you avoid financing terrorism
20:19or you avoid the recirculation of bad
20:24drug money whatever it is okay or
20:28so you want to avoid that so obviously
20:32first and foremost like any bank even if
20:34we were not touching crypto we need to
20:36make sure we have in place the proper
20:38organization a proper
20:40risk environment the proper compliance
20:42environment or proper technology and
20:44today we're lucky because uh 10 years
20:47ago we had to do most of the same
20:49manually and today there is so many good
20:52technology and it's true also in the
20:54world of crypto and a world of crypto
20:56you have fantastic technology that allow
20:58you to trust anyone at any level right
21:02and again as i say you can decide where
21:04you stop your search you can you don't
21:06want to pass you know some currency uh
21:09like monero z cash then you don't touch
21:11it's your choice right we don't touch we
21:14don't touch we don't touch what we don't
21:15understand we don't touch what we cannot
21:17see when there is some fog around we
21:19don't want to pass the fog we stop there
21:21so we don't touch what we don't
21:23understand that's very simple
21:26i i feel that the risk approach of any
21:29innovation not limited to crypto uh ai
21:32quantum it's first and foremost as i
21:35said by turning the light on
21:37understanding trying to learn and
21:44but if you want to deal well with your
21:46client that in a sector that different
21:48like quantum or vr you know i've behind
21:51me my quest too here
21:53and we are in a world of real we have to
21:55understand and you have to
21:57not only use it but understand practice
22:00understand the language understand what
22:03as you know in a world of crypto it's a
22:05complex environment complex language it
22:07takes time to know but
22:09in ai do you think it's simpler or not
22:12your natural language uh understanding
22:14do you think it's simpler it's not any
22:15simpler so you need to learn and you
22:18need to educate ourselves so what's
22:20probably unique about us and the group
22:23we make a deliberate effort to
22:25understand and we make a deliberate
22:27effort to learn at every level of the
22:29company we have an insurance company
22:32realm that is the only insurance company
22:35ensuring those innovators today in the
22:37world i'm sure there will be other
22:38people copying us and i'm delighted
22:40because you know it's fine we need to
22:44help innovators and today if you have
22:46something new that nobody understand
22:48the insurance company turn you down the
22:50bank turn you down so what do you do
22:53right and sometimes even the lawyer turn
22:55you down also so what do you do so you
22:58need people who are going to believe on
23:00what you believe and learn about what
23:02you believe to make sure you have an
23:03educated judgment and make a decision so
23:07that's the position we took what
23:08position we took from day one this
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23:40you mentioned uh and not you're right i
23:43understanding from many service
23:44providers it's uh frankly i think it's
23:46very uh lazy a lot of the what you've
23:48seen in the industry and so i'm very
23:50happy to see that deltek and yourself
23:52you spent the time to try to understand
23:54the industry and move it forward i i
23:56want to ask you about realm i mean by
23:57the way we've had uh joe the ceo of
23:59realm on our show before and i think
24:01because it's really incredible for our
24:02audience to understand realm is one of
24:04the few insurance companies that
24:06actually ensures a crypto space
24:08i mean pretty much i would argue the
24:10vast majority of the crypto industry now
24:12is insured via realm right now can you
24:14let me explain to us obviously realm is
24:16part of the dell tech group of families
24:20how did he come up with the idea of
24:23and the idea of building a crypto
24:29and and what were some of the challenges
24:30you guys had when you're trying to build
24:32this like the realm and really try to
24:34provide insurance to the crypto space
24:37the first thing you have to understand
24:39one we decided to move
24:41and to become not only a small private
24:44bank and trust in the bahamas but we
24:46wanted to expand to serve innovators we
24:49had to address the need of the corporate
24:52world we had to answer the need of
24:55companies you know not only individual
24:57and that was a change of our own culture
25:00to be able to do and i say we had to
25:01become knowledgeable
25:03about different sectors and when we
25:05realized that it was a real void
25:09and people could not get insurance
25:11because you know corporate relationship
25:13then people need bank account for
25:15payment for the salary etc they need a
25:17number of things they need fiduciary
25:19services to open company or trust or
25:22whatever and they need trainings they
25:25never think they need treasury
25:26management they need credit
25:28and they need insurance and they need
25:30support and insurance and it was
25:33joe is a brilliant guy i don't know you
25:35interview him and uh you know we are a
25:38partner from quite many years we started
25:40in a completely different sector with
25:41captive insurance together and he is a
25:44intellectual machine and he's full of
25:47ideas all the time and we get along
25:48extremely well and so we decided we need
25:52to serve those people we need to find a
25:55obviously the natural place where you
25:56want to go when you speak about
25:58insurance is bermuda bermuda is number
26:00two space in the world when it comes to
26:03insurance and and i don't know it's
26:05probably number one when it comes to
26:06reinsurance if i'm correct and we went
26:11an administration a bma that extremely
26:14thinking forward has a different
26:17and was developing a new
26:20type of insurance called the innovative
26:22insurance global business iigb
26:26realm was created as the first iigb
26:30regulated entity and that's very unique
26:33we started with another license for a
26:35year we were only authorized to ensure
26:38deltek group company for you because
26:40obviously the regulator the bma wanted
26:43to make sure we're serious people they
26:45wanted to make sure we understand risk
26:47we understand what it is but we find
26:49them fantastic we found them to be
26:54studying the thing the regulators in
26:56bermuda did what we did as a company
26:59which is very rare and you know really
27:02liked the jurisdiction we felt very
27:04sophisticated and we felt very
27:06comfortable about that so all the things
27:08coming together we started to do
27:11we are in the third year of the business
27:13of realm it's a very very young company
27:16it's doubling every month
27:17right now and we can't serve
27:21it's a limit we can do because honestly
27:24the demand is bigger than our ability to
27:27grow to find the right people you know
27:30in insurance is something you cannot go
27:34in banking you can but in insurance you
27:36can for sure so you have to assess every
27:39time your risk takes time and the team
27:42is growing but we're still a small team
27:44at this stage and we're expanding fast
27:47not as fast as the demand i have to say
27:49it's the reason why we know competition
27:51is going to start to exist because there
27:52is a big demand yeah
27:54absolutely no i think the what you guys
27:56have done in the field of crypto
27:57insurance pretty much
27:58i would say even 100 of crypto companies
28:00that i know including many companies
28:02that i've invested in are all use realm
28:04for insurance so it's very very
28:05interesting what you guys have done well
28:07done there i think from really being a
28:08pioneer in this space actually not very
28:10dissimilar how we did with dell tech a
28:12couple years ago because i think if you
28:13think about today the banks that are
28:15comfortable with crypto there's
28:16obviously deltek there's obviously some
28:18of the other players in the u.s
28:19signature silver gate someone in the
28:21listenership that likes but really it's
28:23a handful and deltek was the first one
28:25like you said who got comfortable with
28:27crypto so really kudos to you on that
28:28side so i think you've done a fabulous
28:31job of always looking at the future and
28:33that you mentioned before i want to talk
28:34about one two other things are we
28:35running out of time but i really want to
28:37bring it up one of them is really when
28:38it comes about ai vr
28:41quantum right i mean you mentioned have
28:43you have you've you've been looking at
28:45quantum you obviously you you play with
28:47vr on a regular basis how do you think
28:50these technologies will be used when it
28:51comes to the future of finance like as a
28:53bank ceo and chairman right now
28:56how are you looking at these experiences
28:57and these solutions and what do you
28:59think the impact they will have on the
29:01future of finance and the future of
29:03banking you cannot predict exactly but
29:07what is absolutely sure is happening
29:08today is artificial intelligence is
29:11going to merge with finance we are
29:13developing right now in-house and
29:16artificial intelligence wealth manager
29:18for example uh a ai west manager the
29:21existence of a thing like that you know
29:23such a quest okay and you know it's
29:26it's a facebook company and we don't say
29:29facebook anymore meta sorry
29:32and uh but everything is converting
29:35quantum has not converted yet because
29:37it's still at the early stage of quantum
29:40but you're going to see it more and more
29:41the natural language understanding the
29:44translator the ability for me to speak
29:46in french or english here and to be
29:48translated in arabic or russian or
29:50whatever yeah it's fantastic so what it
29:53means that we're going to see a
29:54convergence of everything and we're
29:56going to see in my opinion
29:59you know an ability to communicate
30:00better worldwide so we're going to see a
30:03world where the borders are disappearing
30:05more and more the political border
30:07geography border will probably remain
30:09for a long time but the communication
30:11between people is going to be made much
30:14easier and you're going to see a lot of
30:16things happening and changing so we
30:18speak about the vr there is a limit
30:20obviously with the vr today because you
30:22have to put that thing on your face when
30:24you remove it you look like a panda you
30:26have because you press on your face but
30:28let's suppose that the next
30:30the next vr system um like my glasses
30:34and then suddenly you have that then you
30:37go vr integrate with everything and we
30:39know it's coming right i don't know
30:41which company is researching that but
30:43it's coming for sure
30:45people are going to come with screen
30:47that are on your glasses that you can
30:49see through or you can
30:51be blocked or see on your glasses and
30:53create an environment so now let's
30:55suppose you can do you want to do your
30:56banking or let's suppose you want to do
30:58your shopping on a vr world that
31:01you see on your glasses and you need to
31:03pay you do everything that online so
31:07and at the beginning of the discussion
31:08you asked me about fun you say you spoke
31:11about fun you say having fun the
31:12important yeah i think we have only one
31:15life and we better have fun and i don't
31:17see why banking or insurance should be
31:19boring it could be fun it doesn't have
31:21to be hilarious fun but it could be just
31:24pleasant you know fun in the sense of
31:29turning you off and i don't see any
31:30reason why we have to
31:33consider some part of what we do in life
31:36to be serious and boring
31:38there's no reason why we cannot do the
31:40same thing with a smile and having fun
31:43so and i think the technology brings
31:44that up and the merging of all the
31:46technology bring that ability to do that
31:49and you know when i'm speaking very good
31:50i can speak about hours four hours so i
31:52will go over the ball
31:54but but do you believe you know maybe
31:56for the better for our audience
31:58john and i were on stage a couple weeks
32:00ago actually from a timeless reporting
32:01it was crypto bahamas and there was a
32:03stage called trusting disruption by
32:05deltek and really i think jean was the
32:07that was epiphany of really how you can
32:09make banking fun uh really some of the
32:12ideas you're sharing i mean do you
32:15that we will be able to achieve
32:18fun in banking that one day our banking
32:21activity our banking interaction will be
32:23fun i can guarantee today if i ask all
32:25of my audience there'll be zero zero
32:28percent of people tell you that for them
32:29banking is a fun activity today do you
32:32think we'll be able to change that and
32:33and like you mentioned ai ai vr you know
32:36are those how do you think it's going to
32:38well first let's define fun i'm not
32:40telling people are going to enter into a
32:42bank and love so much that they hardly
32:45can speak it's not what i mean i mean it
32:48will be a pleasant relationship today
32:50it's not a pleasant relationship we have
32:53the banking system suspect every
32:55customer to be a criminal
32:57and uh is exactly when you go and you
32:59fly and you go through tsa everyone is
33:02suspected to be a bad person the truth
33:04of the matter there is very very very
33:06very very few bad people right only very
33:09very limited actor i know the media show
33:12us only crime and sonic but the truth
33:14uh there is very few bad actors
33:17fortunately the world would be
33:18impossible to live in if it wasn't it
33:20was the case right so just to make it
33:22pleasant just to make it engaging
33:25just to make the relationship with you
33:28know a normal thing like payment or
33:30discussing your money to be a pleasant
33:32relationship to be a more engaging more
33:35fun and yeah to mix it with game for
33:40how do you learn about finance you know
33:42it's important to learn about finance if
33:43you want to do well right well if you
33:46learn with a book at school maybe it's
33:48boring and not easy and people don't
33:50remember or don't study but if you teach
33:53through a game or through something that
33:56is more fun people remember i see no
33:58difference here so make it fun make it
34:01nice make it engaging and then it
34:03changes the relationship with the
34:05customers absolutely i wish i wish more
34:08ceos would listen to you on this side
34:10and uh on how we can actually at least
34:11aspire or try our best to make a banking
34:13fund i have to say personally i hate my
34:15banking relation to all the banks i deal
34:17with it's a complete nightmare and i
34:19have zero excitement or uh let's put it
34:22this way i've never looked forward to
34:23dealing with my bank let's put it that
34:24way last question jean before we move to
34:26our fire round question around is
34:28regarding the bahamas you mentioned
34:29before obviously you're in the bahamas
34:30delta is in the bahamas recently the
34:33bahamas has been in you know in the
34:35crypto ecosystem has been playing a
34:37larger role not only obviously deltek
34:38you're based there ftx moved its
34:40headquarters from hong kong to the
34:43what's your outlook on the bahamas
34:45especially from a crypto perspective and
34:47what do you think has been the key of it
34:48being such a success uh in the last
34:50couple of months when it comes to its
34:54well i love that they'll take take
34:56credit for that a little bit because we
34:58were the first one and we created
35:01i think it will be no
35:03nothing in the bahamas today if it
35:05wasn't for us at the beginning and uh
35:06you know i'm very assertive about that
35:08but that's a reality we were the only
35:10one daring enough to really
35:13embrace crypto and look at that and some
35:16of the people say hey we did the you
35:18know it's like when you go on a trail
35:19and it's like a jungle you have to use
35:22your machete and cut the branches and
35:25find if there is any pitot we did that
35:27work so for the rest it was easier to
35:30we are lucky that in the bahamas we have
35:34very good dialogue with regulators and
35:36we essentially have two regulators the
35:38security commission of the bahamas
35:40and we have the central bank of the
35:43banks are under central bank and also
35:46need for the broker dealer license and
35:48wealth management license to be with
35:49security commission of the bahamas and
35:52we are lucky to have dialogue with the
35:55regulators lucky that we can exchange
35:58and help and share what we learn so in
36:00other words the education we got for
36:02ourselves we were able to share it with
36:04the regulators and not only us because
36:06you know there is very smart people
36:08there and they obviously started to
36:10study the higher services outside they
36:13hire for very famous firms
36:16that did stood studies in a space
36:18and auditors and so on so and they
36:21educated themselves and that effort of
36:23education they did led them to decide to
36:26create a new regulation which is called
36:28their act by the securities commission
36:32their art is digital asset really so
36:35and that was essential to attract people
36:40so it's a combination of thing you know
36:42i always say success as many parents and
36:46this is a success so i'm sure a lot of
36:48people would take credit for that with
36:49certainly the original one
36:52but then after we could not have done
36:53anything without the the intelligence
36:57the engagement of the regulators and
36:59we're lucky to have people who sing
37:01forward absolutely i have to say the uh
37:04again having the privilege of working
37:05with many regulators around the world i
37:06have to say the regulators the bahamas
37:08the securities regulator in particular
37:09are very very impressive in how they've
37:11uh they've approached the space so it's
37:12very uh very impressive on that side
37:15joan we need to finish it off and to
37:16finish last period tuition or the bell
37:18is back so we're gonna do quick fire
37:19round the questions i'm gonna ask you a
37:21quick question i need one or two word
37:22answers and we're gonna have some fun
37:32what is the one thing that excites you
37:33the most about the crypto industry right
37:40everything everything the ability maybe
37:42to change the world at the end of the
37:46bank everyone even the people not bank
37:48the ability to merge with a world that
37:51is untouched today uh to do micro
37:56disengage the people from poverty crypto
37:59can do that and to eliminate fraud and
38:01to eliminate crime because if you have a
38:04crypto to be extended at government
38:06level everywhere then nobody can hide
38:09because in crypto you cannot hide
38:11absolutely well great answers i wish
38:13again that would be a great uh ad line
38:15for for the crypto industry second thing
38:18you obviously you lived in the bahamas
38:19what is the one thing you enjoyed the
38:21most doing in the bahamas that people
38:22should know well i've been in bahamas
38:26maybe not objective i'm a really
38:28bohemian heart and bohemian in my
38:32the beautiful climate i love the the
38:35absence of pollution the gentleness of
38:38the people okay next thing your what's
38:40your favorite tv show that you have not
38:42written what's a favorite tv show that
38:44you love that you have not written
38:51let's say big bang theory
38:54if you could write one new show right
38:56now what would you want to write about
39:01here we go i'm not surprised
39:04so obviously you met many crypto ceos
39:06over the last couple of years what is
39:07the one crypto ceo that impresses you
39:12i i don't want to upset the other people
39:14because i say that but uh i have to say
39:16sam bank manfred is quite an impressive
39:19guy i mean he's a young man uh he just
39:21turned 30 his business acumen is
39:24absolutely amazing and he thinks
39:28he thinks how to create money not for
39:31himself like the obsession of most you
39:34is the factor of many saying positively
39:37and negatively but his grade is to help
39:39other people so he built uh wealth to
39:42help other people and you have seen
39:43recently in the last few days how he
39:46helped other crypto company and
39:48obviously it's quite amazing i have to
39:50say i i learned from him every time i
39:53yeah it's incredible you're one of the
39:54few lucky ones who was actually his
39:55offices next next to them actually so
39:58quite quite convenient on that side okay
40:00this is a tricky one what is this it's
40:01obviously uh what is it one traditional
40:04bank that is impressing you a lot when
40:06it comes to your crypto activities the
40:07traditional bank that impresses you a
40:09lot on their crypto activities
40:11well silvergate did a very good job and
40:14i think alain lane and his team have
40:16done a very good job and approached that
40:22cautiously so yeah i think they did an
40:26impressive job in the sector
40:29what is uh for listeners who want to
40:31learn more about crypto what is the one
40:33place or resource or uh you know thing
40:34you recommend them to go learn about
40:36crypto well the future of money
40:41here we go the plug for the podcast two
40:43last questions um what's the one thing
40:45you enjoy doing outside of running delta
40:47when you're not running deltek what is
40:49the one hobby and one thing you love to
40:50do on your free time
40:53that's a question that will take 25
40:57i love the future as i say i love
40:59learning everything about the future and
41:00i'm very involved in a
41:03longevity especially cancer research
41:07it's something that i'm passionate about
41:09but you know it's really how to build
41:10the future and we were speaking about
41:12convergence and and housing help each uh
41:15you know the technology help
41:16today you see a lot of conversions
41:18between ai biotech development and so on
41:24you know we're going to change the way
41:25we live the quality of our life and even
41:28the longevity itself we're going to
41:30change that quite rapidly within the
41:32next 20 years we understand to see a
41:34radical change on the way we live and
41:40absolutely no i know i know how
41:41passionate you are about these topics
41:42you could have a literally a whole
41:43episode on on longevity and the last
41:45question john to finish up this is
41:47jean-charlotte panda ceo and chairman of
41:49delta group jean if you could have lunch
41:51or dinner with one person dead or alive
41:54lunch or dinner with one person dead or
41:56live who would have lunch with
42:00lunch i don't do lunch
42:07you know it come back from something
42:09from my childhood when i was very young
42:11i was admiring uh balzac the french
42:14writer honorary balzer wow and i i read
42:17probably all of balzac book and gosh did
42:20he write uh and uh so yeah meeting
42:24balzac will be interesting it's not
42:25philosophical it's not
42:28because you know i know people say i've
42:30done such a einstein and so on but for
42:32me it would be best like because
42:35had a lot of issues in his life but my
42:38gosh what the writer uh he was so
42:44it will be funny fascinating for me to
42:46to see him to meet him obviously that's
42:49a great you know i have many people on
42:50the show it's the first time uh zach
42:52comes in as that person i love it i
42:56actually read many of his books in in
42:59growing up in quebec in montreal that
43:00was a mandatory reading jean great to
43:03have you with us today thank you for
43:04being with us and thank you to all the
43:05listeners on the show today again if you
43:07liked it you think people will enjoy
43:08this episode feel free to forward to
43:09them again make sure to give us a five
43:11star rating if you liked it it really
43:13helps more people discover the show and
43:15just talk and discover uh this
43:17conversations about the future of money
43:19again and make sure if you're interested
43:20in the topic uh again i think my last
43:22book thank you very much for all the
43:23support guys again i really appreciate
43:25it but if you want to give somebody a
43:26friend a gift uh for the summer season
43:29ahead i think the book of crypto is a
43:31good way to learn about it as well and
43:33as as well for if you have any friends
43:34you're learning looking at learning
43:35about crypto um make sure to check out
43:37some of my online classes including uh
43:40some of my introduction to crypto which
43:41is now on udemy has become the highest
43:43rated course on crypto on demi where in
43:47i really provide an introduction to the
43:49asset class and everything people need
43:51to know and then especially tailored for
43:53people who work in finance thank you
43:55very much everybody thanks for joining
43:56us jean thanks for being on the show and
43:58i look forward to see i'll see you all
44:00you again in the bahamas hopefully soon
44:02or somewhere else in the world
44:04and to all our listeners again thank you
44:05very much for joining us today and see
