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Credit Scores - Goodbye to Equifax and FICO? - Bloom.co

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Manage episode 218135289 series 2099508
Content provided by Matt Aaron. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Matt Aaron or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The current state of credit scores worldwide is miserable.

In each country, the system is flawed and subjective in how you are evaluated.

Move to a new country? You have to start over. No credit card? you may not have credit in the United States. Not registered to vote? This will hurt your score in the U.K.

Then there is the lack of privacy. Centralized agencies like Equifax cannot keep your info safe.

So we discuss how blockchain could fundamentally change it. And a group of bright, young minds is working on just that at Bloom.

Timestamps 3:05 - The current credit score structure in the United States 6:00 - Access to the financial system 7:28 - Centralized data interpretation across the world 9:04 - The Equifax hack 11:32 - Hypocrisy in the current financial system 14:22 - Blockchain disrpuption / free market competition 15:49 - Examples of credit score limitations 17:21 - Can Bloom take down the powers that be?

  continue reading

61 episodes

Artwork
iconShare
 
Manage episode 218135289 series 2099508
Content provided by Matt Aaron. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Matt Aaron or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The current state of credit scores worldwide is miserable.

In each country, the system is flawed and subjective in how you are evaluated.

Move to a new country? You have to start over. No credit card? you may not have credit in the United States. Not registered to vote? This will hurt your score in the U.K.

Then there is the lack of privacy. Centralized agencies like Equifax cannot keep your info safe.

So we discuss how blockchain could fundamentally change it. And a group of bright, young minds is working on just that at Bloom.

Timestamps 3:05 - The current credit score structure in the United States 6:00 - Access to the financial system 7:28 - Centralized data interpretation across the world 9:04 - The Equifax hack 11:32 - Hypocrisy in the current financial system 14:22 - Blockchain disrpuption / free market competition 15:49 - Examples of credit score limitations 17:21 - Can Bloom take down the powers that be?

  continue reading

61 episodes

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