bank

“Boost&Co funds early stage High-tech companies through loans. So we lend money to these companies earlier in the development of these companies than the banks, or we lend them more money than the banks. And against that, we get a higher remuneration than the b…”

“So we're not a bank. We're not subject to any specific capital requirements.”

“There was a report published that said in, I forgot who published it, but in. 15, two hundred billion dollars worldwide was spent by the banks in technology. 75% of that was basically maintenance.”

“No, I think things are going to ease up, but that, that's not, that wasn't the rationale for me to put this here.”

“In India, over four hundred million people every year apply for loans, and less than one or seven actually manage to get a loan from banks and banks in a non-banking company.”

“So I think people like SoFi are the exception to the rule. Where you're able to, you know, come in with a new product that the, an area where the banks are not paying it, you know, are not working for whatever reason, and then expand to be a big company.”

“The banks have done this, you know, but all using the same credit scoring model and basically addressing the one percent of the population that actually do not really need credit.”

“The issue is that we're still, you know, the banks are still dropping businesses left and right. Credit card processing companies drop them left and right.”

“You have banks that don't want to set up bank accounts for Bitcoin companies because they're scared. Or they're scared because of the compliance thing. And we're saying, well, you're hiring us banks to consult with you about the technology you're funding compa…”

“Whereas most banks are using, for their own APIs, they're using OAuth too, which is Just horrible from a security perspective.”

“The problem is that most banks don't have an open API where you can do things like move money.”

“It's a pretty small number. Like five? Yeah, it's on that order.”

“So if you look at any single organization, whether it's a bank, a supply chain company, energy or automotive, one third of the work is on back office reconciliation, figuring out what happened. After the fact. One third of all people.”

“So banks, I think one of the reasons banks haven't solved the problem yet is because they have a margin target, right? Bank wants to make 50%. So they don't want to invest, yeah, at least 50%. So they don't want to invest in technology, right? They're not trad…”

“Typically, banks hide a fee between three, four, five, six, seven percent in the exchange rate.”

“We actually just charge it by functionality module. So let's say a bank typically needs, you know 20 exchanges to start to trade with to begin, but they'll scale up to 35, 40 exchanges. So we'll charge an ARR per exchange per module. Right. And it's unlimited …”

“We're probably like 45% banks, 45% funds, you know, the buy side. And then about 10% brokers.”

“And from a bank perspective, once the money moves, it typically doesn't come back.”

“Banks, they're only assessed where they have brick and mortar branches.”

“The act does not stipulate an exact percentage, but banks will often look at about to do about a one to two percent of their tier one capital in a community investments to meet their CRA requirements.”

“Venture debt, the banks that we work with only give you venture debt if you're after a series A.”

“Close to 10%.”

“What we need to do as an industry is collaborate. We keep thinking of this as a competitive game and yes, it's a competitive game, but if we don't collaborate, we're all going to fail.”

“Different because basically the residential mortgages sector is financed by the banks. And we focus on other we detected another niche of for our case, which is the people is not bankrupt as usual because That's the case of the agriculture, for example.”

“I have 600 banks as customers today.”

“I always said, I could underwrite a restaurant better than a bank. I don't need your tax returns. Just put a sensor in your restaurant, and I'll track the traffic and be able to lend you better than any bank could, and a bank can't do that, and in a similar se…”

“CFOs, I think, we're operators you know, we don't know where maybe to place that money, and that's where usually you need to partner with A good bank in their treasury function to help, have that guidance to help you.”

“This company was losing money, so the bank wasn't interested in giving us a big debt check, so they were comfortable giving us a million, even though it was losing money and so we had to fill in the rest, which was another five.”

“After a while we started selling it to banks as well. So that's our rush right now to put our data directly into banks and not only in intelligence platforms. That, that's part of our priorities at the moment.”

“There's going to be some regulation coming out next year where banks are going to be forced to go back and start to lend out to the small businesses, but banks are not equipped to underwrite a small bit.”

“For a bank, I know right now I can give you, a bank pays because I don't want a bank board. They pay up to 500 bucks for a customer.”

“Our security scores are used by over 2800 customers worldwide. Nine of the top 10 banks, governments in 46 different countries, insurance companies, but the average deal size is about 30 to 40 K.”

“If you keep the bank's risk appetite and build a fantastic product from a text tech and UX perspective, you're still not going to be able to serve the like 70% that we do. You would be declining 90%.”

“The full embedded lending journey from a first origination window all the way down to balance sheet is on us. So we have the full infrastructure layer. We have the balance sheet. We have the whole regulatory framework required being a bank ourselves to enable …”