Lex chats with Sasha Orloff, CEO and Co-founder of Puzzle - βthe first smart accounting software,β which combines a streaming financial data platform thatβs connected to a general accounting ledger. Sasha starts the conversation detailing his journey from traditional banking to fintech entrepreneurship. Reflecting on the early days of fintech, contrasting the East and West Coast perspectives, and sharing his experiences from leading innovative fintech ventures like LendUp. The conversation dives into the future of fintech, discussing the transition into autonomous accounting, the rise and fall of Personal Financial Management (PFM) tools, and the integration of natural language processing into quantitative software. The duo also contemplates the nature of rules in language models, the dichotomy between deterministic and probabilistic models in AI, and the future of intelligent software. The episode concludes with Sasha sharing various channels to connect with him and learn more about Puzzle.
MENTIONED IN THE CONVERSATION
Puzzle's Website: https://bit.ly/3NKuO6Y
Sasha's LinkedIn profile: https://bit.ly/3Pt3pHX
Topics: Fintech, AI, artificial intelligence, machine learning, GenAI, Accounting, Software, LLM, embedded finance
Companies: Puzzle, Puzzle Financial, Mission Lane, LendUp, ChatGPT, Brex, Stripe, Plaid
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TIMESTAMPS
1β43β: The evolution from traditional banking to fintech entrepreneurship: Exploring personal journey and the early days of fintech
7β10β: The East vs West Coast perspective in fintech's infancy: Analyzing venture investments, startup culture, and the birth of innovative fintech ventures like LendUp
12β36β: Deciphering the keys to fintech success: The role of mobile distribution, underwriting capabilities, and capital flow in shaping lending ventures
18β23β: Transitioning into the realm of autonomous accounting: The genesis of Puzzle and its inevitable emergence in the fintech landscape
22β41β: Reflecting on the evolution of fintech: Assessing the impact of financial data accessibility, manufacturing financial products, and mistakes in early accounting software ventures
28β23β: The rise and fall of Personal Financial Management (PFM) tools: Evaluating consumer adoption, value proposition, and the role of autonomous accounting in fintech's future
34β47β: Exploring the integration of natural language processing into quantitative software: The role of language models in user experience and backend operations
39β04β: Deciphering the nature of rules in language models: Deterministic vs. Probabilistic approaches in accounting software
41β59β: Speculating the future of AI: A dichotomy between deterministic structures and probabilistic models in building intelligent software
46β10β: The channels used to connect with Sasha & learn more about Puzzle
Disclaimer here β this newsletter does not provide investment advice and represents solely the views and opinions of FINTECH BLUEPRINT LTD.
Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella
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