Getting control back
summary
Founded in 2007 to replace paywall credit score scams, Credit Karma claims a radical model: 50 million American users, buys hundreds of millions of dollars of credit data and gives scores away for free while insisting it does not sell consumer data. The company reports an NPS in the 80s, says about 70–80% of credit applications are declined because the wrong lender is chosen, and builds APIs to prequalify users, push approvals to mobile thumbprint and match consumers to dozens of loan products.
AI-written summary · about
chapters (8)
- 0:00Introduction
- 1:52Why is fintech so hot
- 3:12Have you experienced a lot of pushback
- 4:47How has Credit Karma changed
- 6:23What regulates Credit Karma
- 8:15How sustainable is the fintech industry
- 11:15Will tech companies enter the financial space
- 12:07Security
related talks
01h 13mGoverning credit scoring. Data protection, algorithms & surveillance.
12mInterview with – Kristina Reicher
28mHow Companies Get the Personal Data They Truly Need
07mOpenSchufa: Crowdsourcing German Credit Scoring Data
35mDigital footprints in credit scoring
32mAccelerating Blockchain Adoption from Media to Banking
54mThe Matrix, Inverted
19mThe Person Behind The Data: Real Consumer Perspectives On Data Privacy And Business Data Practices