Utility API: A New Kind of Finance Company Pairing Great Service With Low Rates

Foursquare co-founder Dennis Crowley and CEO Jeff Glueck talk with Recode's Kara Swisher about how the location intelligence company is generating sellable data for partners like Apple, Uber and Twitter based on its users' check-ins. Glueck, who took over as CEO for Crowley in January 2015, compares the company's new business model to "Robin Hood" because it simultaneously helps small businesses and charges the big ones. The two also discuss where they'd like to see location tech go, including the idea of a talking virtual assistant — similar to Scarlett Johansson's character Samantha from the movie "Her" — that speaks to you like a friend and recommends new places to go.

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