Michael Tannenbaum, CEO of Figure and a seasoned fintech leader, joins Nicky Goulimis, co-founder of Nova Credit and TunicPay, for an engaging discussion. They hilariously dissect parenting challenges during the pandemic while sharing insights from their journeys in fintech. Tannenbaum and Goulimis explore the innovative strides in credit scoring and the promising future of cryptocurrency payments. They also touch on the growing role of AI in combating fraud, underscoring the delicate balance between innovation and consumer protection in financial services.
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question_answer ANECDOTE
Startup Pitch White Whale
Nikki shared a startup story where she scrambled over a weekend to finish a market opportunity deck for SoFi to secure investment.
Despite the effort, the deal didn't close, becoming her white whale and a memorable experience in fintech pitching.
insights INSIGHT
Real-Time Payments Lag in U.S.
Real-time payments have advanced rapidly in countries like India and Brazil but remain slow in the U.S.
Open banking adoption lags expectations despite its promise to enable real-time, account-to-account payments.
insights INSIGHT
Fintech Shifts Share, Not Costs
Fintech has shifted market share but not fundamentally reduced core financial service costs or fees for consumers.
This book introduces the concept of positioning as a crucial strategy in marketing. It explains how to effectively communicate with a skeptical and media-blitzed public by creating a position in the prospect's mind that reflects the company's strengths and weaknesses as well as those of its competitors. The authors provide valuable case histories and analyses of successful and failed advertising campaigns, emphasizing the importance of simplicity, consistency, and understanding how people think and evaluate information. The book also discusses strategies such as making and positioning an industry leader, occupying a niche, and repositioning competitors to create a unique market position.
Tomorrow, and Tomorrow, and Tomorrow
Gabrielle Zevin
Spanning thirty years, 'Tomorrow, and Tomorrow, and Tomorrow' by Gabrielle Zevin is a sweeping narrative that explores the lives of Sam and Sadie, two friends united by their love of video games. From their childhood encounters to their adulthood as successful game developers, the book delves into themes of identity, creativity, disability, and the redemptive possibilities in play. It is a coming-of-age story that examines the multifaceted nature of human relationships and the need to connect, love, and be loved. The novel is praised for its mature and nuanced portrayal of characters and its ability to engage readers even without prior knowledge of the video game industry.
Welcome back to another episode of our Fintech OG series. I was thrilled to be joined by Michael Tannenbaum of Figure and Nicky Goulimis of Tunic Pay. From talking about our kids (5 between the 3 of us ages 4, 3, 2x2 and 1) to their time at fintech giants SoFi, Nova Credit and Brex, this was a conversation that I thoroughly enjoyed and know you will too.
Many thanks to Method and Mesh for sponsoring this week's episode!
Method is the first ever single sign-on for consumer liability and credit accounts, using only identity and consent to authenticate users. Theyâve built an extensive network of coverage, supporting over 15k financial institutions to stream real-time data and make direct liability payments. Method helps companies in the personal loans and HELOC space like Figure, SoFi, Upgrade, Happy Money, and Aven incorporate repayment directly into their application flow.
Shift4, a leader in global payments, has joined forces with Mesh to enable merchants everywhere to offer seamless, secure cryptocurrency payments right at checkout. With this integration, customers can pay in crypto just like they would with a credit card, while merchants enjoy peace of mind knowing those payments convert instantly into their preferred currency, reducing conversion risks and eliminating chargebacks. Itâs crypto payments made simple.
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