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