La revolucion de los intermediarios | Juan Carlos Castro Aerenlund | TEDxTangamanga

[Music]

good to talk about disintermediation

but to start upside down or the

intermediated systems are systems that

society has long used

time to solve common objectives

is the way in which together with the people

or companies solve a crisis with

to grow and transcend today almost

all the processes and systems that

we know are intermediated by

example to put two examples

one is that of retail is

retail you have on one side

producers of goods services and

consumers and the intermediary is a

supermarket where all the

parties and make the transaction

in fact until recently it was unthinkable

that this system existed but a

intermediary like the supermarket other

another system of that style is this the

monetary the solidity of the system

monetary is given by trust

that all the individuals that have

they play in the system because there is a

central box that guarded the value

of the currency you do not have your 50 bill

weights and you know what it takes to the store

or the bank has a value and they ‘ll go

further because to transact that

is happening with technology and that

type of intermediary systems

what we are seeing is that given

certain advances in technology and a lot

information access connectivity

some of those intermediaries are

ceasing to have the value or the

relevance

then we can think of systems of

the intermediaries

let’s say where the

or transactions are still relevant the

ideas but without the intermediary and that

what they detonate end of the day is a

efficiency that what it does is that for

those who are playing in that in that

ecosystem we have more value for

two parts let’s not say that piece of

cake will be the intermediary or no longer

it just arrives and goes to both parties

example of that for example and going back to

the first two that I gave you still call

today he is showing us that

you need to have a store to be

retail or for example something is very

Fashion horita das bitcoins and the crypt

coins is also proof that the

system does not need to be centralized

so that all of that can work now

as I want it to land

more specific examples and applied to

mexico and I was going to take two systems that

I think that it is very clear that

going through this disintermediation the

first and no social business is the

democracy

I say if we look at it is a very system

ancient that comes from greece and the the

cornerstone of this system is that

all parties have a part

proportional power

let’s say the will of all parties

is what I rigi not then everything is created

a series of intermediaries as they are

political parties as they are by

example in the case of ine

what are they made to come together

wills and the goal of

that system

prepare live you can not see the

joke of this is when the system

is intermediating and has little

technology tends to be very expensive

then there we have three bars the

first is the budget that has the

ine for the coming year and separate it

of the 25,000 million that are let’s say

the blue part is the operating expense and the

part oranges extraordinary expense

because it assigned by the parties to

the elections as two other bars

For example, what has

assigned the fund for 2018 which is

the natural disaster fund and the

conacyt budget now because

relevant this issue of the

intermediation

maybe you will tell me then it is good

important that the ine is a

solid institution and such and such

let’s say it is debatable that it is

fulfilling its objective

however it is carrying a piece of

cake

it would have been the most

efficient final budget but the

joke is that with technology and

efficiencies we can achieve that the ine

they were not such an expensive game and those

savings will be able to go to games said

more immediate as the fonden in

case of natural disasters pressure

important or strategic issues such as

conacyt but that is a bet that

let’s all have as a society to

that the country will prosper in the long term

the other the other system that I decided

for this talk meter is the banking

banking since banking was invented

it’s about having deposits and lending

money does not safeguard the deposits of

people lend money per se the

bank makes this operation more

face the neck in the middle of those who

lend and those who ask who was

then today again with advances

technological

let’s say we can think of that no longer

there is an intermediate in that transaction

who wants to lend or invest money

go direct with the one who needs money

and the bank do not play anything in the middle like

the traditional model works today

you go with these savings in the bank

they pay you a following rate which

they pay a fee and then they turn around

they flip and they lend at different rates

credit cards credits to

consumption and mortgage with technology

They have come new business models

peer to peer learning you have another

time

for example you who have your savings

in the bank and people who need money

for your activities not to finance

a business this to pay the

junk tuition whatever

You can put the two in contact

people via mass channels of

communication for example and do it from

way more efficient and without fish

then the same cake is divided

less people

that does not look good but what is

to do there was to compare the

cost structures of a bank

traditional and a platform of this

peer to peer style of crawford and

not what is the other model

let’s say the part of the

from my right e is each cost line

the branches the employees in the

systems the regulatory cost is treated

from a bank and comes more or less

it reads like 700 700 what we did

was to divide those costs between the balance

what the total bank has borrowed and

we grabbed him a digital platform that

makes loans we made that same

exercise

everything you have for this platform

between the same costs

if they are fixed or good better than the applied

the bank has branches the platform

not him

the bank has funding from a bank

central with a cost of capital

the platform really what it does is

connect investors

neither do the other things happen

inherent to each business that catarroja

in the end that is that maybe a

platform can have up to 50 per

One hundred advantages in costs but it is a

bathroom and that at the end day because it’s

important because you can offer the

people in general more and better

more credits and better options

investment until you reach the lakes in

mexico and in this case we already have cases

particular that is happening but but

the most impressive thing about this yet

is not happening in mexico in mexico

we are in let’s say in a process of

regulate these these new ways of

finance things but they do

will speak of united states

I have 33 so very punctual that they are three

online platforms that are today leaders

in your credit segment

then that number one on states

united personal credits is called

of global alhendín be the number one

of student loans is called

sofa and and the number one credits

for SMEs is called one dec

none of them is a bank all are

Internet pages that are

connecting investors with with this

credit that idea is very powerful and and

a little bit what I’m going with all this is

that are fixed when disintermediation

system

what happens is that they can do it from

guy then a little bit in light of

those of those ideas what to me

I would like you to reflect

we are in a very interesting era

where we have more information than

we are never starting to register them

more than ever and and I think it’s flame of

everyone but but the moment as of

think how we can from our

individual is to associate with our

collective processes with him you can

we will be to generate changes

positive of our environment

Thank you

[Applause]