Bank On It Episode 285 David Buxton from Arachnys
Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech.
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In this episode the host John Siracusa chats with David Buxton, founder and CEO of Arachnys. Arachnys provides cloud-based solutions for assessing financial crime customer risk and CDD, KYC, and EDD compliance. The idea for Arachnys came about when in 2008 Russian customers of large companies stopped paying and David witnessed it. Those large companies assumed the non-payment was a credit control problem, but actually they were selling to shell companies located in Russia. The problem was that some of those shell companies were legitimate while others weren't. With that, it was extremely difficult to sort it out. Arachnys is backed by VCs such as QED.
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About the host:
John, is the host of the 'Bank On It' podcast recorded onsite in Wall Street at Carpenter Group, and 'Before the A' podcast recorded onsite in Flat Iron at Barclays/Techstars Rise NYC. He's a highly sought after fintech, VC and financial services industry enthusiast and connector. He's in the center of the fintech ecosystem, keeping current with the ever-innovating industry. Stay in the fintech know by subscribing to 'Bank On It', 'Before the A'