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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. Today, they mostly can’t – but in the world of Petal’s newly released product with WebBank , it is their sincere hope that availability becomes a more regular part of the financial system, and soon.

Math 53
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Transcript: Rick Rieder

Barry Ritholtz

You know, people are comfortable, leverage builds. Tell us a little bit about what you do on Twitter and how was it getting that through legal and compliance? RIEDER: Well, first of all, anything I tweet goes through legal and compliance before it gets out there, first part. You know, the leverage in the system builds.