Viewpoints

July 24th, 2019 | by

How Data is Transforming Money

• Matan Parnes, Paypal’s Head of Global Risk and Data Sciences, joined me for a “Q Factor” podcast
• Technology is driving a dramatic transformation of money and digital-payment systems.
• To learn more, listen to Parnes’ podcast.

The overarching theme of “Q Factor” is that quantitative data is revolutionizing nearly every aspect of our lives. Certainly money, that ubiquitous store of value, is undergoing a dramatic technology-driven transformation around the globe. To better understand the digital present and future of money, I sat down with Matan Parnes, PayPal’s Head of Global Risk and Data Sciences.

Parnes describes how PayPal, which has 280 million active users around the world, is using machine learning to distinguish between good and bad people (i.e., electronic fraudsters). He also discusses how PayPal is harnessing technology to improve customer service and to control risk in its growing small-firm lending business. To learn more about the dramatic changes in digital payment systems, please listen to my podcast: https://gersteinfisher.com/podcasts/matan-parnes-how-data-is-transforming-money/

Contact Us
[contact-form-7 id="6520" title="Sign Up For Our Mailing List"]
<div role="form" class="wpcf7" id="wpcf7-f6520-o2" lang="en-US" dir="ltr"> <div class="screen-reader-response"></div> <form action="/viewpoints/how-data-is-transforming-money/#wpcf7-f6520-o2" method="post" class="wpcf7-form" novalidate="novalidate"> <div style="display: none;"> <input type="hidden" name="_wpcf7" value="6520" /> <input type="hidden" name="_wpcf7_version" value="5.1.6" /> <input type="hidden" name="_wpcf7_locale" value="en_US" /> <input type="hidden" name="_wpcf7_unit_tag" value="wpcf7-f6520-o2" /> <input type="hidden" name="_wpcf7_container_post" value="0" /> <input type="hidden" name="g-recaptcha-response" value="" /> </div> <div id="mb-form"> <p><span class="wpcf7-form-control-wrap FirstName"><input type="text" name="FirstName" value="" size="40" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" id="FirstName" aria-required="true" aria-invalid="false" placeholder="First Name*" /></span> </p> <p><span class="wpcf7-form-control-wrap LastName"><input type="text" name="LastName" value="" size="40" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required" id="LastName" aria-required="true" aria-invalid="false" placeholder="Last Name*" /></span> </p> <p><span class="wpcf7-form-control-wrap Email"><input type="email" name="Email" value="" size="40" class="wpcf7-form-control wpcf7-text wpcf7-email wpcf7-validates-as-required wpcf7-validates-as-email" id="Email" aria-required="true" aria-invalid="false" placeholder="Email*" /></span> </p> <p><span class="wpcf7-form-control-wrap Phone"><input type="tel" name="Phone" value="" size="40" maxlength="10" minlength="10" class="wpcf7-form-control wpcf7-text wpcf7-tel wpcf7-validates-as-required wpcf7-validates-as-tel" id="Email" aria-required="true" aria-invalid="false" placeholder="Phone*" /></span> </p> <div class="hide"> <span class="wpcf7-form-control-wrap ctct-560"><span class="wpcf7-form-control wpcf7-ctct"><div><input type="hidden" value="1380445631" name="ctct-560[]" /> </div></span></span> </div> <p><span id="wpcf7-5e8aebcb74c4c" class="wpcf7-form-control-wrap gf-hp-wrap" style="display:none !important; visibility:hidden !important;"><label class="hp-message">Please leave this field empty.</label><input class="wpcf7-form-control wpcf7-text" type="text" name="gf-hp" value="" size="40" tabindex="-1" autocomplete="nope" /></span></p> <div class="formcaptcha"> <div style="margin: 30px 0;"> </div> </div> <p><input type="submit" value="Submit" class="wpcf7-form-control wpcf7-submit" id="submit" /></p> </div> <div class="clear"></div> <div class="wpcf7-response-output wpcf7-display-none"></div></form></div>
Gerstein Fisher
Content Locked
Gerstein Fisher would like to send you periodic email updates. For instant access to this video, please enter your email address into field below. Thank you! Click here to go back.