Leveraging neuroscience in financial well-being with Dreams' Lucia Hegenbartova

 
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Lucia Hegenbartova, CCO of Dreams, Swedish neuroscience-FinTech, spoke to Rudolf Falat, founder of the Voice of FinTech podcast, about using neuroscience when engaging with your clients in financial services.

Here is what you learn from their conversation:

  • Lucia's entrepreneurial journey so far

  • What is Dreams? Dreams provides a custom experience layer that enables banks to boost their customer's engagement in financial products.

  • What does CCO (Chief Commercial Officer) role mean in day to day life

  • Dreams' unique advantage: understanding how the human mind works, especially when it comes to financial products

  • Many incumbent banks have become product factories over many years and being client-centric sometimes seems more of a priority for FinTechs. Who are target clients for Dreams?

  • Dreams team has recently published an article Why Banks Must Start Caring About Financial Wellbeing, where the HBR article stating that emotionally engaged clients are 35% more valuable than highly satisfied customers was mentioned. How come?

  • How do you apply neuroscience in your work on emotional wellbeing and help your clients ultimately make more money?

  • How do you help clients increase their clients' financial wellbeing and build higher loyalty and potential for up-/cross-selling additional financial products?

  • What are the most common misconceptions that banks have about human decision-making, and how it's reflected in the design of the products they are offering and how to do it better?

  • How do you make money? What's your business model?

  • Where are you on your journey in terms of geographic reach, hiring or funding?

  • A favorite non-fiction book Lucia recommends The Mind Illuminated: A Complete Meditation Guide Integrating Buddhist Wisdom and Brain Science for Greater Mindfulness by John Yates

  • Best way to reach out