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Machine Learning, Fintech, & the Future of Payments - Canh Tran / Co-Founder of Rippleshot

CanhTran.Rippleshot.TechInChicago.Podcast

Canh Tran is the CEO and Co-Founder of Rippleshot, a startup that detects payment card data breaches. They take a big-data machine learning approach, more common in search, genetics and advertising, and apply it in a novel way for the payment processing industry to help banks, merchants and processors proactively monitor suspicious fraudulent activity and implement smarter fraud risk management strategies when card compromises do occur. It is a massive industry with a lot of room for improvement. 

In This Episode You Will Learn:

  • How Rippleshot catches data breaches
  • Why banks need outside help
  • Where the name comes from
  • What they are looking for in breaches
  • The ingeneious ways credit cards are stolen
  • How safe is our future when we pay with wearables
  • How they got their first customers by starting small
  • Why criminals target smaller banks
  • The differences between Silicon Valley, Chicago, and St Louis
  • What Canh would like to see chicago tech improve on
  • The differences between 1871 and Catapult
  • The benefits of growing up abroad
  • The impact of a handwritten thank you letter
  • What the future of fraud loss looks like
  • What gets Canh up in the morning

Selected Links From The Episode:

Favorite Books:

SpotHero's Mark Lawrence on Building a Marketplace Business, Meditation, & Why If It's Not a Fuck Yes, It's a Fuck No

Sparking Conversations One Shoe at a Time - Raaja Nemani / Co-Founder of Bucketfeet