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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. At a more intricate level, it meant using that mobile technology to give customers greater transparency into their financial lives. “We What Powers Petal. The Long March.

Math 53
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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.

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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. But let’s just focus on the fact that crypto grew exponentially in the wake of the financial crisis.

Banking 100
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Why It’s Time To Come Down On Bitcoin

PYMNTS

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. Bitcoin is a fascinating technology on the merits. That means bitcoin.

Math 62
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Most Platforms Can’t Scale, Will Fail

PYMNTS

Well, it is “an innovative new payment platform created to transform the payments industry by drastically altering the economics through Internet-based technology, generating significant consumer benefits.” The blockchain of course is the underlying technology behind bitcoin. What is it you ask? WhatsApp did it, why can’t I?

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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. But there’s this new emergence of advice- and advisor-oriented technology firms.

Planning 130
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Transcript: Rick Rieder

Barry Ritholtz

technology, that was something to ride for a while. The layoffs are happening in finance technology, the higher income jobs. But then otherwise, back off, and let the system do whatever the system is going to do. I mean, we have such a technology innovation, adaptive human. Think about the incredible growth of U.S.