Key Takeaways1) Alignment is not the same as agreement. Alignment allows everyone to move together with a shared commitment to create value. 2) Idle money is dead money. The only time money is valuable is when it is in motion.3) Banks often fail to optimize risk effectively, overlooking its potential as a strategic lever for growth and value creation.On this episode of WealthTech Unwrapped, join Ned as he engages in a dynamic conversation with Steve Monaghan, an influential figure renowned for his groundbreaking work in shaping innovative business paradigms for both established institutions and dynamic startups.Drawing from his extensive experience advising top companies, Steve highlights how businesses often overlook capital optimization as a competitive tool for improving bank performance. He emphasizes the need to focus on the velocity of money beyond just pricing and products.The conversation then addresses the challenges of fostering innovation in banks, noting the fears of risk and regulatory constraints in the banking sector. Steve delves into the significance of product ownership and cultivating a culture of continuous learning, enabling banks to better utilize technology and redefine how we can embrace innovation within the industry, only on WealthTech UnWrapped!