“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
AssertionNot 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 PerretMay 13, 2019▶ 11:59Fireside 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 PerretMay 13, 2019▶ 12:57Fireside 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 PerretMay 13, 2019▶ 14:02Fireside Chat: Zach Perret, Founder & CEO of Plaid (FirstMark's Data Driven NYC)
AssertionNot 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 PerretMay 13, 2019▶ 17:33Fireside 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 PerretMay 13, 2019▶ 28:17Fireside 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 PerretMay 13, 2019▶ 6:04Fireside Chat: Zach Perret, Founder & CEO of Plaid (FirstMark's Data Driven NYC)
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