article thumbnail

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
article thumbnail

Transcript: Matt Levine

Barry Ritholtz

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? It was derivatives math, it was like working with the traders on like risk management. Like people who were like kind of rebuilding the financial system from scratch.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

CFO News Room

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. If you’re not in it, you’re not going to benefit from the upside. As a result, the money just tsunamied upward in a very short period of time.

Banking 100
article thumbnail

Why It’s Time To Come Down On Bitcoin

PYMNTS

Bitcoin uses math — and math equations that anyone can solve and see — to provide this cash-like feature. Speaking of math, doing it helps explain that big billion dollar-plus number. In May of 2016, the FBI reported that ransomware would top $1 billion that year — they estimated $1.6

Math 62
article thumbnail

Most Platforms Can’t Scale, Will Fail

PYMNTS

It’s like being asked to figure out the solution to one of those unsolved math problems that mathematicians work on for years before they go insane. Now, of course, there are lots of frictions with national and global financial systems, and there are certainly better ways of doing things. WhatsApp did it, why can’t I?

article thumbnail

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
article thumbnail

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