Emily Glassberg Sands, Head of Information at Stripe, shares performance metrics on Stripe's machine-learning-driven Smart Dunning feature for recurring charges.
“For recurring charges in our billing product, we use Smart Dunning to reduce declines, and actually reduces declines by about 30%.”
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More from Emily Glassberg Sands
PredictionNot checkable as stated
Sands: Financial Foundation Models Could Beat Traditional Optimization by 200 Bps
“It doesn't feel crazy to think that a good foundation model could outperform more traditional approaches by, I don't know, a hundred bips, 200 bips.”
Emily Glassberg SandsFeb 8, 2024▶ 15:26No Priors Ep. 50 | With Stripe Head of Information Emily Glassberg Sands
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“Unlike a bunch of the past generations of software startups, we're seeing AI startups have substantial compute costs right out of the gate, and that that's putting a bunch of pressure to build monetization engines faster.”
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Opinion
Sands: Stripe Can Learn and Action Interventions Improving Business Success
“Stripe's clearly helping companies run more effectively and also in a position to learn from its data what kind of interventions significantly improve companies' long-term success. And in some cases to actually action those.”
Emily Glassberg SandsFeb 8, 2024▶ 1:06No Priors Ep. 50 | With Stripe Head of Information Emily Glassberg Sands
PredictionNot checkable as stated
Sands: LLMs Will Automate Bespoke Financial Integrations Without Payments Engineers
“I think there's almost certainly an opportunity to, you know, whether Stripe does it or somebody else does it, to make sort of financial integrations way more seamless. Stripe has a whole suite of no code products, so you can use, ah, you know, payment links o…”
Emily Glassberg SandsFeb 8, 2024▶ 23:44No Priors Ep. 50 | With Stripe Head of Information Emily Glassberg Sands
AssertionNot checkable as stated
Sands: Stripe ML Recovers Billions Globally in False Declines
“We use ML to optimize authorization requests for issuers, basically Identifying the optimized retry messaging and routing combinations to recover a big chunk of false declines, about 10%, so billions of dollars globally.”
Emily Glassberg SandsFeb 8, 2024▶ 26:32No Priors Ep. 50 | With Stripe Head of Information Emily Glassberg Sands
AssertionNot checkable as stated
Sands: Over Half of the 2023 Forbes AI 50 Used Stripe
“We're looking at the list of top 50 AI companies put out by Forbes last year and noticed over half were using Stripe.”
Emily Glassberg SandsFeb 8, 2024▶ 38:30No Priors Ep. 50 | With Stripe Head of Information Emily Glassberg Sands
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