This episode carries James Gutierrez's own address, with nobody on the show putting
questions to them. It still counts as said, and it is kept out of every score on their page.
James Gutierrez, CEO of Insikt, outlines the contraction of bank revolving credit following post-2008 financial regulations.
“Revolving credit availability has dropped on an outstanding basis by over three hundred billion, on an available basis by over nine hundred billion.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from James Gutierrez
PredictionNot checkable as stated
Gutierrez: Technology companies will replace traditional banks as future primary lenders
“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,…”
James GutierrezMay 29, 2014▶ 4:52James Gutierrez, Insikt // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
Insight
Gutierrez: The most valuable credit underwriting data comes from booking bad loans
“What we learned there was like, you know, that sounds great, but actually what you need to do is just book some bad loans. Because you learn a lot from the loan, you know, you just make some loans, and then as you make some bad loans, you learn a lot. So, agai…”
James GutierrezMay 29, 2014▶ 9:47James Gutierrez, Insikt // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
“So the Credit Card Act by itself, before, ah, about 50% of households in America were part of the addressable market for credit card lending, and after the Credit Card Act, it's more around 17%.”
James GutierrezMay 29, 2014▶ 1:04James Gutierrez, Insikt // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
AssertionSupported
Gutierrez: Credit card availability to non-prime market dropped by $120B
“From 2009 to more recently, ah, there's been a reduction of about a hundred and twenty billion dollars of, Credit card availability to the subprime, nonprime market.”
James GutierrezMay 29, 2014▶ 2:07James Gutierrez, Insikt // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
Insight
Gutierrez: Lenders need roughly 1,000 defaulted loans to build a risk model
“What I kind of, you know, coalesced around was you needed about a thousand bads. So you got to basically make, you know, and if you want to have at least a starting business where it's not like 80% losses, so let's say it's 10%, That means you have to make, li…”
James GutierrezMay 29, 2014▶ 10:46James Gutierrez, Insikt // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
AssertionSupported
Gutierrez: Progreso Financiero issued over 500,000 loans with single-digit losses
“We actually lent to all of these people over 500,000 loans, and we did it with single digit losses, so we're, you know, we're pretty proud of ourselves there.”
James GutierrezMay 29, 2014▶ 14:29James Gutierrez, Insikt // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
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