Lowell Putnam, CEO of portfolio company Quovo, discusses the data infrastructure his startup is building to enable services that help consumers make healthier, more data-driven financial decisions.
The idea that led to the founding of Quovo. An explanation of the service Quovo offers and how they aggregate data. How they can connect to 14,000 banks across the country. Quovo’s approach to data security. Why data segregation is a key part of any data security efforts. The offerings they have for lending platforms. How they are able to provide cash flow data to help underwrite consumer loans. What they are doing to help lenders with detecting fraudulent loan applications. Why they are seeing more interest from bank lenders today. What they are doing in the UK and what being approved by the FCA means for Quovo. Why Lowell is bullish about the progress of an open banking-type system in the US. The scale that Quovo is at today. How Lowell views the competitive landscape for data aggregation.
https://www.lendacademy.com/podcast-179-lowell-putnam-of-quovo/