Quovo CEO Lowell Putnam on the lessons that incumbent financial institutions can learn about building a brand from direct-to-consumer retailers.
Quovo in the News
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Quovo, a New York-based startup that collects and aggregates data from customer bank accounts and other financial accounts, has added $4 million in additional Series B funding.
“An important part of improving our lending ecosystem is stripping the stigma from lending products that are used by lower-income borrowers,” said Quovo CEO Lowell Putnam. “Creating a holistic view of the borrower depends on alternative data sets, and fintech companies have already taken the lead leveraging alternative data for credit decisions.”
Quovo CEO Lowell Putnam's letter to the editor in response to an article to shed light on how consumers’ financial data can unknowingly become a part of the data sets that asset managers purchase.