bank

“That ratio for most banks is between five and seven percent, so it's really all operating costs divided by total loans outstanding, that's between five and seven percent. The same metric at Lending Club is less than two percent, and it's coming down quarter af…”

“And I think what you're saying is banks are reeling from like all this regulatory changes, but at the same time with technology, they're just not able to keep up, and you're saying the face of the new lenders of tomorrow are more technology companies and less,…”

“In fact, banks is are definitely leading the way in terms of putting Kafka To you know, very sort of ambitious applications.”

“Because in any recession, like, there's always a pocket of prime borrowers to lend to, and the banks weren't going to free up for another three to five years to do anything on that front.”

“When you're, you know, a bank issuing a credit card screening against a sanctions list of known terrorists and financial criminals in dozens of language with phonetic spellings and real-world spellings, and all you have is a, you know, set of names from the U.…”

“Actually most of the biggest banks are our customers.”

“We've actually built a number of software packages now that we're starting to externalize to kind of not just do the basics, but To validate against some of the larger threat factors that we're seeing in the ecosystem. And now some of the banks are actually st…”

“We very deliberately went after asset managers as our early customers, why they're more progressive. They want to make more money. They're earlier adopters of technology and have less regulation to deal with, say, compared to banks, which just have, it's more …”

“If your bank sees you logging in from two separate places, say your computer and also a data center, it will probably lock down your account. And we'll ask you to come to a branch with a passport.”