Beyond Bots - Bryce Crawford, Meow

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

Tech News, News, Business, Technology, Entrepreneurship, Careers

4.6 • 216 Ratings

🗓️ 21 July 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we are dropping another special episode of the Code Story podcast, as part of our series entailed Beyond Bots: the REAL impact of AI on financial services, brought to you by our friends at Ntropy. As a reminder, Ntropy is the most accurate financial data standardization and enrichment API. They can take in any data source, any geography, and understand / enrich a financial transition in milliseconds. Made for developers, for fast, easy implementation. Check out their product at Ntropy.com. Guest: Bryce Crawford, CTO & Co-founder at Meow Questions: Remind the audience what Meow does. How long have you been a customer of Ntropy? When did this come into play? Last we talked about passing on revenue to customers in banking. It’s hard given the tight margins. How is Meow thinking about that today? Is the “software layer” on top of finance going to make this better? How? Generative AI and LLMs are the talk of the town, are you seeing any use cases? Or, are you working on an in-house solutions? There are many new decisions you have to make as a CTO. How does you prioritize around what will make a difference in the market? What matters to your customers.... are people expecting finance to be magical or simply reliable? What is the real impact of AI on finance going to be in your eyes? Links Website: https://www.ntropy.com/ LinkedIn: https://www.linkedin.com/in/bryce-crawford-32164466/ https://codestory.co/podcast/e6-bryce-crawford-meow-treasury-management/ Our Sponsors: * Check out Kinsta: https://kinsta.com * Check out Red Hat: https://www.redhat.com * Check out Vanta: https://vanta.com/CODESTORY Support this podcast at — https://redcircle.com/code-story/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	Welcome back listeners. Today we are dropping another special episode of the Code Story podcast.
0:05.9	As part of our series entitled Beyond Bots, the real impact of AI on financial services, brought to you by our friends at entropy.
0:14.4	As a reminder, entropy is the most accurate financial data standardization and enrichment API.
0:20.4	They can take in any data source, any geography, and understand slash enrich a financial
0:25.4	transaction in milliseconds.
0:27.6	Made for developers for fast, easy implementation.
0:31.6	Check out their product at entropy.com.
0:35.1	Well, today I have another special guest, special return guest to the Code Story
0:40.6	podcast, Bryce Crawford, CTO and co-founder of Meow. You remember him from episode six of
0:47.4	season eight. Bryce, thank you for being on the show again. Hey, Noah. Thanks for having me back.
0:51.8	Excited to talk about meow and entropy and how your roads connect there and all the things around AI and what you're thinking about for your company.
1:01.3	Before we go too far, though, remind the audience about what Meow does.
1:06.6	So Meow is a fintech company, and what that means is while we are not a bank, we offer checking accounts and treasury services to venture-backed startups. What really makes us unique is our strategy. And that is while we're not affiliated with Costco, we like to call ourselves the Costco financial services, meaning that we really truly believe that most financial services are commodities,
1:29.2	which means whoever can provide them at the lowest cost at scale to a wide set of customers
1:33.8	will ultimately be the winner in the space.
1:35.6	So we focused on passing back a really high rate of interest today.
1:39.8	That's 4.55% on checking balances.
1:43.0	We offer up to 125 million of FDIC insurance through an insured
1:47.1	cash suite network called Intrify. And we also offer the ability for businesses to access
1:51.6	U.S. Treasury bills buy, sell, hold, manage, and make that process really simple. And T-bills today
1:57.5	are yielding upwards of 5%. So we make it really easy for businesses to earn safe,
2:03.3	secure yield on their cash and are excited to continue to offer more services to our customers over
	...

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