Challenging the Incumbent Banking Ethos with Aspiration

Andrei Cherny is the Co-Founder and CEO of Aspiration, a socially conscious bank challenging the traditional banking industry ethos. Prior to founding Aspiration, Andrei worked as a speechwriter for Bill Clinton, authored books on public policy and war history, served as Assistant Arizona State Attorney General, held senior positions at the Harvard Kennedy School and the Center for American Progress, and more. In 2013, Andrei co-founded Aspiration, a socially conscious banking and investments provider that lets users set their own fees. Aspiration has raised $200 million in funding and attracted over 1.5 million users. In this conversation, Andrei and I discuss the factors that have contributed to Aspiration’s success, the takeaways for the industry, the company’s future plans, and more. To subscribe to the Rebank newsletter, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Andrei Cherny.

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Financial innovation, technology advances and social changes are sending shockwaves through the financial services industry. In an age of increasingly rapid change, important questions, debates and developments are unfolding before our eyes. These ideas, and the choices we make in response to them, will shape our future. Technology is vastly powerful, creating new industries in response to – or sometimes in anticipation of – changing customer expectations. Rebank explores the trends, developments and challenges that define our age and shape the future role of money, banking and financial services.