Sramana Mitra: Are any of the experiments in equity crowd financing for small businesses on your radar or are you exclusively focused on debt? Gina Taylor Cotter: We’re not watching that too closely. What’s more interesting to me is seeing some of the bigger small business players evolve their model. You mentioned two – Kabbage
Sramana Mitra: The data you draw off is limited to just your ecosystem. Gina Taylor Cotter: That’s correct. If you want to talk about the merchant financing product that has been in the market since 2011, we do have an application process where were gather some of that additional information. The reason being that we
Sramana Mitra: Let’s double-click again one more layer into that. I’m going to give you a proxy of what we learned from our coverage of Kabbage and OnDeck. I would like to hear you describe the heuristics based on which you are evaluating these loans. In the case of OnDeck or Kabbage, in the segment
Innovations in Financial Technology are flowing from the startup world into the large companies. This excellent conversation gives us a window into how Amex is bringing some of these innovations into their offerings. Sramana Mitra: Let’s start by introducing our audience to yourself as well as American Express’ activity in the financial technology area. Gina
Sramana Mitra: Very good. In your space, what are the trends and what are some open problems that you would point new entrepreneurs to look into? Mike Laven: If you send a million dollars from San Francisco to New York, it’s a far simpler exercise than sending a thousand dollars from San Francisco to France.
Mike Laven: We effectively provide our customers a one-stop connection to a global banking world. It’s very difficult to find a single bank that optimizes everything for you. Different banks and different payment providers have different strengths. Some are good in Asia. Some are good in Latin America. Different currency providers have different strengths based
This interview discusses opportunities surrounding the emerging trends in RegTech. Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Currencycloud. Mike Laven: I’m the CEO of Currencycloud, which is based in London. For quite some time, I’ve lived and worked back and forth between the Valley and London in the
Tracy Metzger: Vesta processes anywhere from 300,000 to 500,000 transactions a day and up towards $18 billion in payments a year. We carry elements like their mobile devices and desktop devices. We know the operating systems, screen dimensions, their page viewing history on certain e-commerce websites, and their social reputation information where it’s applicable. There are