INSIDER INTERVIEW WITH ZACH PERRET (Founder of PLAID)

[@rumpfluna]

Great interview Rex! Informative and to the point. I like that you both shared how you believe things will keep evolving in the Fintech industry, I personally find that insightful. I wish you had asked about Plaid and Fintech serving underserved industries through traditional payment methods such as Cannabis and gambling,...if you think that was not the right space to ask about it... I think it would be interesting to see a panel on how FinTech can solve that problem.

[@CambrianHQ]

high risk payment categories is a topic that could fill an entire episode for sure!

[@palmerohenenyako]

Great content about the open bank stuff man!! Please keep up the content on interesting and valuable industries and trends!!

[@CambrianHQ]

More to come!

[@CambrianHQ]

Any questions you wish I had asked? Let me know! Maybe can do a follow up.

[@Andrew-tt5lv]

Broker accounts have been covered rather poorly by Plaid so far. Should we expect more focus on broker accounts in the future or it will continue to be non-core for Plaid?

[@amanciocohen5965]

Ask him about how Early Warning has pretty much monopolized real time bank to bank payments in the US by colluding with the banks to only offer Zelle to their users. It's unfair that the FTC went after them but not after Early Warning.

[@CambrianHQ]

Good question, but most of the regulators are bank regulators and they don't exist to increase competition w/ banks so much as to keep the banking system safe. The one regulator w/ the correct purview would be CFPB. Why not the FTC? Well the FTC can block mergers on anti-trust grounds, but this was a new product launched by an existing company, not a merger. also you have to define the market and Zelle is not the only P2P real time payment providers. Venmo and Cashapp also have significant volumes!

[@amanciocohen5965]

Sorry but you’re wrong. “Why not the FTC? Well the FTC can block mergers on anti-trust grounds, but this was a new product launched by an existing company, not a merger. “ Nope, there have been numerous cases of the FTC going after products launched by existing companies believed to hurt competition. “also you have to define the market and Zelle is not the only P2P real time payment providers. Venmo and Cashapp also have significant volumes!” First of all, Venmo and Cashapp are not real time, they act as intermediaries using Visa direct. There’s only one P2P real time payments solution in the US and that’s Zelle. And even if you were right, then why haven’t Venmo and Cashapp been allowed to compete with Early Warning for the digital real estate in banks’ UX? This is like if iPhones only allowed you to use Google (I don’t mean by default like it is now, I mean straight out not allowing any other search engines even if the user tries to change it). @@CambrianHQ

[@tyronenewman5534]

Promo sm

[@amanciocohen5965]

Rex you’re too serious. He wanted to keep a more casual conversation style

[@CambrianHQ]

:shrug:

[@diontethames6218]

Your product causes me pain