The Medici Bank Cofounder Shares His Vision for Blending Modern Finance with a Legacy of Philanthropy at the Milken Global Conference
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Show Notes:
In this episode of Mission Matters, Adam Torres interviews Lorenzo de Medici, Chairman and Cofounder of Medici Bank, live from the Milken Global Conference 2025. Lorenzo shares how his family’s historical ethos of “venture capitalism for philanthropic profit” inspires his current work—from building purpose-led financial institutions to launching a data democratization platform. He also highlights a unique collaboration with the University of Arkansas, where students are helping build the foundation’s upcoming digital presence.
About Medici Bank
Medici Bank avoids the costs of real estate and bankers pushing paper in branches because it is digital native and 100% based in the cloud. Its microservices-based systems architecture allows for plug-and-play integration with partners, bringing efficiencies to the table rather than bottlenecks and bureaucracy.
Medici is licensed and regulated by the Office of the Commissioner of Financial Institutions of Puerto Rico, USA. While users will find its proprietary user channels and modern Application Program Interface intuitive, they can rest assured knowing that a US-based regulator is overseeing the bank’s financials and operations to ensure the safety and soundness of the business.
Watch Full Interview:
Full Unedited Transcript
Hey, I’d like to welcome you to another episode of Mission Matters. We are at the Milken Conference, the Global Conference 2025. This is our fourth year covering the conference, and today we’re at a special VIP event and my guest is Lorenzo
Lorenzo. Hey, welcome. Thank you very much for having me. I. All right.
So, so what brings you out tonight? I think first that this week in LA you have a lot of brilliant mind and the mind that are thinking not only about business because most of the people here for business, but at the same time how to change in a good way the world and how the world should be changed.
And this year they’re speaking a lot about health and. And, and so there is a lot of interesting project and so I’m glad to be here and be part of this and giving my contribute to, brings my business, my company, my heritage, and and my family name to the American Conference too. Amazing. So our platform is called Mission Matters and one of the questions that I’ve asked thousands of people is.
Our aim and our goal is to help people realize their mission, and so that’s our goal. What kind of missions do you work on? Like what missions matter to you? My family have trademark something called venture capitalist for Philanthropic Profit in the 1400, and I brought that motto. All my life. And so imagine how will be a global world as a mission where every company will have a philanthropic meaning in their, maybe not the core business, but part of their business.
The world will be in much better place if everyone is doing their own job. And so as a medic, I always do project where there is a philanthropy attached and so that I think, mm. Should be the, the capitalism should be a venture capitalist. Yeah. With, with philanthropic profit. Amazing. So final question. I know you got a lot of things to do here.
A lot, a lot of people looking for you. But final question is what kind of trends are you following right now? What kind of trends are, what’s interesting? What excites you? Yes for sure. You know, thinking ahead 10 or 20 years is very important. Mm. And so data in this moment is for sure something where we are investing a lot because data is the gold of the future.
Yeah. And gold today is the gold of today and maybe the gold of the future, but the data will be the future. And so I’m having a company where I invested, where we democrat the final user so we can give back to the final user. 50% of how much we make selling their data Yeah. Is called democratization of data.
And so I think the data is really like something to figuring out. And of course there’s a lot of new technologies that are coming in that were involved and and try to work on banking as well. And and of course philanthropy. I have my family foundation, the medicine Foundation, and we’re trying to bring the heritage of the, the ship back.
Hmm. So whether it’s the foundation or otherwise, how do people at home that, that couldn’t attend the milking conference in person or come to an event like this, how do people follow your work? That, that’s a good question. We’re building the website of the foundation. Yeah. The University of Arkan is doing a project with us.
And it will in the future will be the dei foundation.org is not ready yet, but soon we will have ah, breaking news. Breaking news, come on, breaking news’. Say they’re working student and I have to evaluate the students. Yeah. So they will be judged on their website that they’re doing for my foundation. Hold on.
You gotta tell me a little bit more about that. That’s cool because I wanna give them some love. So sometimes. In life. You have to be, yeah. Really creative. And you have to think, you know, when you build a foundation or anything, you do a no-profit or something. Mm-hmm. You can involve different people to help you in this case.
Yeah. The University of Little Rock, Arkansas. Yeah. Have a very high department of web management. And so the student are working on a real case, so they’re doing really like a real client. Yeah. So in our case, it’s nice to work with all and having all these new ideas. Yeah. And, and, and new things. So I think that always giving opportunity to other people to work on project.
Yeah. It’s what makes, so it’s taking a little bit more time than normal, but it’s nice to work with other, and then of course as a Medici, you know we, we are not very social. Mm-hmm. Like social media, some we’re very private, but we participate in almost all the big events. Amazing.
Shout out to the students that are working on the website, get that project done. Yes, and I, I, I, I, I have an Instagram I’m not using a lot by, it’s called Lorenzo Major Regional, but I’m not using a lot, but No problem. And for everybody at home, just so you know, we’ll definitely put some links in the show notes so you can just click on it and head right on over.
And speaking of the audience, if this is your first time with Mission Matters and you haven’t done it yet, hit that subscribe or follow button until the next time. Absolutely. Thank you so much. Appreciate. Thank you very much compliment. Have a nice evening.
