The Ledger
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Large Enterprises Distrust Traditional Credit Bureaus and Data Brokers, Says Cook
“They don't like sharing that data through the traditional sources today, like through the big three bureaus or through data, data brokers like LexisNexis, because they don't really have a lot of accountability. They can't really see where that data goes.”
Falling Unicorn Valuations Are Making Series B Rounds Harder to Raise
“The unicorns come out, and here's our high valuations. Well, their valuations are coming down. And I think that kind of hurts the VC marketplace. So raising series B is, is more difficult.”
XOR Data Exchange Announces $2 Million Funding Round Live on Air
“And we're going to close on another two million here today.”
Cook Predicts XOR Will Be Cash Flow Positive by End of 2017
“So for me, when we exit 2017, we will be cashflow positive.”
XOR's Distributed Architecture Keeps Data Behind Client Firewalls
“We're trying to create different data systems where for instance, in that example, we would try and say, hey, let's do this through a distributed exchange. Chase, all of that data you have on your customers, you hold it behind your firewall. AIG, same thing. Y…”
XOR is Building a Subscription Fraud Exchange for Financial Services
“We're building a new exchange for, we're focusing on big financial services companies where they can exchange fraud information and in that exchange, we are going to do more of a subscription-based model”