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Affirm

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Our president, Libor Michalek, joined Jennifer Taylor at this year’s Plaid Effects to discuss the future of finance. Watch the full conversation to learn more about how Affirm responsibly extends access to credit by using real-time data to inform our underwriting, finding product market fit, and how the most simple things can be game changers. https://lnkd.in/gxSXSmQc  🤝 “What was exciting was the idea that the product was aligned with the consumer. When the consumer does well, we share in the positive outcome. If they get the unexpected, and we get it wrong, we both share in the negative outcome. That alignment was interesting. It's simplistic but it felt like a game changer.” 💡“A lot of our ideas over the years have come from customers. Our customers and the feedback that they've given us have made us a better company and a better team…The simplicity of Affirm is what really drove adoption.” 🧮 “Using data to underwrite a customer is powerful. As we think about how we can best help customers, it’s the ability to give them feedback to help explain credit decisions. To be able to do that in a way that is actionable, useful, and relevant is for that data to be as up-to-date as possible.” 🚀 “Plaid has been a great partner. Understanding cash flow and balances of accounts and being able to model that as a part of our understanding of a consumer's ability to repay was the basis of us working together. That's expanded as our product portfolio has expanded.” 

Affirm at Plaid Effects 24: Conversation with Libor Michalek

https://www.youtube.com/

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