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Petal CEO: Using Cashflow — Not FICO — To Issue Credit Cards

PYMNTS

Petal wants to change the math on how consumers gain access to credit – and turn the tables on how creditworthiness is assessed. Instead, he noted, the tool is designed without fees, with a goal of making customers more likely to pay – and pay on time – by helping to educate them about how to be better financial managers on the whole.

Math 53
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Transcript: Matt Levine

Barry Ritholtz

And so the thing we were doing was sort of solving like often securities law or tax or accounting problems for people with like derivatives. So like a component of it was like the standard derivatives math, right? And so like, you know, I got there and I learned derivatives math, right? ’cause he made a firm offer.

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You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?

CFO News Room

LP: You refer to this as wealth accumulation without accountability. That’s just the math. The remaining money was leveraged into the financial system. And this was accumulated into the financial system and financial markets. NP: This goes back to the question of accountability. In what sense?

Banking 100
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Filtering Down To The Most Impact-Weighted Work To Add Value

CFO News Room

So just most technology has been a little bit more either the pipes and infrastructure of how the financial system runs or something that lets people buy the products that they want to buy because they can just go online and buy it. And if you went through the math, it gave us hundreds of hours that a typical firm would spend.

Planning 130
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Transcript: Michael Lewis on SBF & FTX

Barry Ritholtz

Because he was all sure he was a totally isolated math. So, so he’s brilliant at math. He goes to m i t to study, study physics and math. So brilliant enough so that sure, he goes to math camp in the summer and find, kind of finds his tribe. But in math camp, he’s not the best. And the Undoing project.

Math 60
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Transcript: Rick Rieder

Barry Ritholtz

Russia and Ukraine account for 12 percent of the calories in the world. You know, started with Bear Stearns, and then all of a sudden, financial institutions are levered entities. And you know, you have whether it’s derivatives, the intertwined financial system. I mean, what is it? RITHOLTZ: Right. Where are we?

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Why It’s Time To Shut Down Cryptocurrencies

PYMNTS

The ability to use an anonymous single currency to power a decentralized, permissionless distributed ledger operating over the public internet where miners compete to solve the math problems that enable the processing of transactions is a remarkable innovation. In concept. At least I hope so.