BILLIONS: Bobby Axelrod destroys a Local Bank - analysis

Bobby Axelrod is about to trigger a bank run on Vark Community Bank, thanks to undercover filming and some great acting performances by the Axe Capital team. They demonstrate that Vark is racist, homophobic and unfair, but does that make sense in real life?

🧑🏽‍🎓To go deeper into all the concepts in this video, join my course on Alternative Investing:

We are tackling the issues of Financial Inclusion - Equality - Representation with the help of one of the new episodes of BILLIONS (Season 5 Episode 5: The Contract) and the power of Fintech.
The Axe Capital team decides to trick Vark Bank, with Ben Kim taking a lead role, but we are going to take the side of the community bank.
You will see how:
- Open Banking can help financial inclusion and access to more competitive mortgages
- Digitalisation of financial services can make them more equal
- Machine learning can be a better approach to assess credit risk and mortgage rates
Enjoy!

REFERENCES:

Vark could fight back with the help of Financial technology
1) Go online: who cares about the postcode, they can be the bank for a global migrant online
2) Open banking for mortgage application, using data from any country
3) Machine learning to determine the risk profile and rate
4) Let’s also have a look at the BILLIONS team: 0 Women!

Financial concepts in this episode:
👉FDIC
👉FICO Score - Credit Risk
👉Open banking
👉Financial inclusion
👉Machine learning for mortgages
👉Financial equality and representation

ABOUT THE BILLIONS SERIES
Emmy® and Golden Globe® winners Paul Giamatti and Damian Lewis star in a complex drama about power politics in the world of New York high finance. Shrewd, savvy U.S. Attorney Chuck Rhoades (Giamatti) and the brilliant, ambitious hedge fund king Bobby "Axe" Axelrod (Lewis) are on an explosive collision course, with each using all of his considerable smarts, power and influence to outmanoeuvre the other. The stakes are in the billions in this timely, provocative series.
No copyright infringement intended.
Billions is owned by Showtime (CBS)

ABOUT US
FintechOrama is about making you discover and understand the Fintech world in a visual way
In Ancient Greek ‘orama’ means ‘sight’ or ‘spectacle’.

[Pasan]

One of my friends who is ethnically mixed, applied to jobs and got very little callbacks. Changed her name just on her resume to a white mom's maiden name with EXACT same resume content for similar postings (and in some cases SAME job that she re-applied to again) and got callbacks. Take what you want from it.

[lespaul]

Love Billions and love your videos. Keep them coming. Thanks.

[InvestOrama]

Tackling some important issues in finance and fintech with the help of BILLIONS: Axe vs Vark

[wolfsden]

FYI the woman left because Wendy used future projection to push her to. This was because she knew wags was gonna torture her for for shoping around to force a higher compensation. He was not going to do it because she is a woman but because of her negotiation behavior. He flat out told Wendy this, and his behavior with other woman / non-binqry coworkers suggested that he genuinely was made about the loyalty nit gender.

[tompuijpeNL]

Hold on there, you don't need good creditscore to get a loan, especially if it is a portfolio loan...

[rockefeller]

Bro, what did you study at university