Remove Compliance Remove Credit Risk Remove Math Remove Numbers
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Zest AI CEO: Artificial Intelligence Is Reshaping Lending and Credit

PYMNTS

On average, our customers will see a 20 percent lift in approvals and a 30 percent reduction in charge-offs just by deploying better math,” de Vere said. Those are the kind of numbers that explain why Zest received a $15 million investment last week from software developer Insight Partners. 15M In New Funding .

Math 138
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Transcript: Rick Rieder

Barry Ritholtz

And like I say, that’s part of why it’s translated to a number of people coming to BlackRock and be with me today. RIEDER: So I had known Larry Fink and Rob Caputo, our CEO and president, for a number of years. And we have a great team in Asia and Europe. So yeah, man, that was the idea. You said BlackRock absorbed R3.

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Transcript: Ted Seides

Barry Ritholtz

Or at least the top, pick a number, 30, 40%. Let me say what your compliance wouldn’t allow you to say. I don’t remember the number. The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. Less, 20, 30%?

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Transcript: Jeffrey Sherman, DoubleLine

Barry Ritholtz

Jeffrey Sherman : Well, what it was was, so I, as I said, with applications, there’s many applications of math, and the usually obvious one is physics. Barry Ritholtz : It seems that some people are math people and some people are not. The, the math came easier. And I really hated physics, really. It’s so true.

Math 57