Insight certainty 4/5 debate potential 2/5

Perret: Consumers delete apps that tell them to spend less money

Zach Perret · Fireside Chat: Zach Perret, Founder & CEO of Plaid (FirstMark's Data Driven NYC) · May 13, 2019 · at 7:46

Zach Perret, co-founder and CEO of Plaid, shares consumer behavior insights gained from building early budgeting applications.

0:00 / 0:05exact quote · 5.2s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“The automatic thing that you do when you get an application that tells you to spend less money is you delete the application and you don't look back at it.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Zach Perret

Assertion Not checkable as stated
Perret: One in four US consumers have linked an account to Plaid
“It's about one in four people in the US have linked an account with Plaid.”
Zach Perret May 13, 2019 ▶ 11:59 Fireside Chat: Zach Perret, Founder & CEO of Plaid (FirstMark's Data Driven NYC)
Insight
Perret: Consumer lending should be based on free cash flow
“Our longer term thesis is that you should be lending to a consumer in the way that you lend to a business, which is based on free cash flow”
Zach Perret May 13, 2019 ▶ 12:57 Fireside Chat: Zach Perret, Founder & CEO of Plaid (FirstMark's Data Driven NYC)
Insight
Perret: Plaid's primary competitor in financial services is paper
“Largely when people ask us who are the competitors you worry the most about the answer is actually paper.”
Zach Perret May 13, 2019 ▶ 14:02 Fireside Chat: Zach Perret, Founder & CEO of Plaid (FirstMark's Data Driven NYC)
Assertion Not checkable as stated
Perret: Passwords remain the best bank account connection method in fintech
“Right now, in financial services, still the best way to connect your bank account to anything is using your username and password.”
Zach Perret May 13, 2019 ▶ 17:33 Fireside Chat: Zach Perret, Founder & CEO of Plaid (FirstMark's Data Driven NYC)
Insight
Perret: FinTech point solutions bundle by demographic rather than geography
“What we're actually seeing now is, as people have launched these point solutions, so let's take Robinhood recently, or let's take Marcus by Goldman Sachs. They have a couple products, and they're building more and more products into that suite. But instead of …”
Zach Perret May 13, 2019 ▶ 28:17 Fireside Chat: Zach Perret, Founder & CEO of Plaid (FirstMark's Data Driven NYC)
Insight
Perret: Plaid got lucky and only drove 1% of fintech growth
“We couldn't predict how, how large FinTech would be, or how fast it would grow. I like to think that Plaid had one percent to do with that growth, because we gave some tools to some people that didn't have tools. But frankly, we got lucky to be in the right pl…”
Zach Perret May 13, 2019 ▶ 6:04 Fireside Chat: Zach Perret, Founder & CEO of Plaid (FirstMark's Data Driven NYC)
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 400 conversations transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.