POPULARITY
11 episodes with bluevine
2 episodes with bluevine
2 episodes with bluevine
2 episodes with bluevine
2 episodes with bluevine
2 episodes with bluevine
2 episodes with bluevine
2 episodes with bluevine
Could the Pope be on the hook for US taxes? As the first American elected Pope, Leo XIV faces an unusual conundrum under US citizenship rules. Meanwhile, Intuit's controversial new API pricing has developers reeling, and Hector Garcia joins the conversation to explain why this "tariff" threatens the entire QuickBooks ecosystem. Blake and David also examine how companies use foreign trade zones to dodge Trump's tariffs, unpack the AICPA's new CPA licensure model, and reveal shocking numbers on government fraud that could approach $1 trillion annually. Plus, discover why 99.99% of Trump Memecoin buyers lost money while just 58 wallets walked away with billions.Sponsors REFRAME 2025 - http://accountingpodcast.promo/reframe2025 TeamUp - http://accountingpodcast.promo/teamupBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) Payhawk - http://accountingpodcast.promo/payhawkChapters(01:54) - South Carolina State Treasurer Ousted (04:04) - Deal CEO Relocates Amid Lawsuit (05:28) - Live Stream Interactions (07:29) - Introducing Hector Garcia and Reframe (08:19) - Intuit Developer Program Changes (09:53) - Discussion on API Charges and Developer Impact (16:37) - Speculations and Theories on Intuit's Strategy (28:56) - Reframe Conference Details (31:30) - Trump's Tariffs and Foreign Trade Zones (33:52) - Introduction to Free Trade Zones (34:42) - Arizona's Dominance in Free Trade Zones (37:41) - Legal Challenges to Trump's Tariffs (40:29) - Intuit's Political Maneuvering (44:53) - New CPA Licensure Model (57:43) - Fraud and Government Inefficiencies (01:06:27) - Closing Remarks and New Podcasts Show NotesSouth Carolina Senate votes to remove state treasurer over $1.8 billion accounting error https://www.thestate.com/news/politics-government/article287284067.htmlDeal CEO Alex Bouaziz relocates to Dubai amid Rippling lawsuit https://techcrunch.com/2024/04/15/deal-ceo-alex-bouaziz-has-relocated-to-dubai-amid-the-rippling-lawsuit/Rippling raises $450 million at $16.8 billion valuation https://techcrunch.com/2024/04/16/rippling-raises-450m-at-16-8b-valuation/AICPA and NASBA release model legislation for new CPA licensure pathway https://www.journalofaccountancy.com/news/2024/apr/aicpa-nasba-release-model-legislation-new-cpa-licensure-pathway.htmlFlorida Institute of CPAs successfully pauses bill to eliminate licensing boards https://www.ficpa.org/article/ficpa-advocacy-update-on-house-bill-639American Pope Leo XIV may need to file US tax returns https://www.cnbc.com/2024/04/23/american-pope-leo-xiv-may-need-to-file-us-tax-returns.htmlForeign Trade Zones become tariff shelters amid Trump's trade policies https://www.wsj.com/economy/tariffs/foreign-trade-zones-become-tariff-shelters-for-small-firms-a5e81093Federal court questions constitutionality of Trump's Liberation Day tariffs https://www.reuters.com/legal/us-trade-court-questions-legality-biden-tariffs-2024-04-17/Elon Musk stepping aside at DOGE while work continues through 2026 https://www.axios.com/2024/04/22/elon-musk-stepping-aside-doge-juneIRS fails to meet improper payment rate goals for refundable tax credits https://www.treasury.gov/tigta/auditreports/2024reports/202440032fr.pdfCriminal groups stealing up to $1 trillion from US government programs https://www.nbcnews.com/business/economy/hackers-stealing-us-government-money-rcna15002499.99% of Trump Memecoin buyers lost money while 58 wallets made over $10 million each https://www.chainalysis.com/reports/trump-memecoin-analysis-2024/Intuit's record lobbying spending and Republican support to eliminate IRS Direct File https://www.opensecrets.org/news/2024/04/intuit-turbotax-parent-spends-record-on-lobbying-amid-direct-file-rollout/Intuit Developer Program Changes https://developer.intuit.com/app/developer/homepageNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube:
Could AI create a $20 trillion professional services earthquake? In this episode, Blake and David dive into the data showing that AI firms generate $45,000 more revenue per employee than non-adopters. You'll discover how AI is reshaping traditional accounting and what Claude's new ability to connect with your Gmail and calendar means for productivity. They also demonstrate how indistinguishable AI-cloned voices have become, sharing practical tips to protect yourself and clients from increasingly sophisticated voice scams. Plus, hear why the "impossible" US customs broker exam (with its shocking 4% pass rate) might offer accountants a lucrative alternative career path as tariff disputes heat up.SponsorsOnPay - http://accountingpodcast.promo/onpay Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) Reframe - http://accountingpodcast.promo/reframe2025 Payhawk - http://accountingpodcast.promo/payhawkChapters(00:37) - The Impact of AI on Accounting Firms (02:04) - Voice AI Scams and Protection Tips (03:34) - Legislative Updates and Industry News (05:44) - Live Stream Shoutouts and Sponsor Acknowledgements (06:50) - AI in Accounting: Revenue and Efficiency Insights (14:01) - AI Voice Cloning Demonstration (16:29) - Protecting Against AI Voice Scams (24:12) - AI's Impact on Work and Productivity (32:32) - AI in Tax and Accounting Firms (38:19) - Success in Contract Drafting (38:43) - Starbucks' Automation Reversal (41:07) - AI and Productivity Gains (53:58) - The Great Legacy Extinction (01:08:58) - The Impossible Tariff Test (01:13:09) - Private Equity in Accounting Firms (01:16:03) - Conclusion and CPE Credits Show NotesFirms with AI report higher per-employee revenue vs othershttps://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-othersNine Ways to Protect Yourself from 'Impostor' Voice Scams https://www.magzter.com/stories/newspaper/The-Wall-Street-Journal/NINE-WAYS-TO-PROTECT-YOURSELF-FROM-IMPOSTOR-VOICE-SCAMSDanish study challenges claims about AI disrupting the labor market https://getcoai.com/news/danish-study-challenges-claims-about-ai-disrupting-the-labor-market/50% of finance teams still take over a week to close the books https://www.cfo.com/news/50-of-finance-take-week-to-close-books-ledge-month-end-close-time-cfo-three-day-close-myth-/746085/The Great Legacy Extinction: AI's $20T Takeover of Professional Services https://www.venrock.com/insights/insights-technology/the-great-legacy-extinction-ais-20t-takeover-of-professional-services/What Do You Think of the New PwC Logo? https://www.cpapracticeadvisor.com/2025/04/30/what-do-you-think-of-the-new-pwc-logo/159946/Big Four accounting firm PwC to slash about 1,500 jobs in the US https://www.reuters.com/sustainability/accounting-firm-pwc-cut-1500-us-jobs-ft-reports-2025-05-05/How are different accounting firms using AI? https://tax.thomsonreuters.com/blog/how-do-different-accounting-firms-use-ai/Customs Broker License Exam (CBLE)https://www.cbp.gov/trade/programs-administration/customs-brokers/license-examination-notice-examinationNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME 2025 - http://accountingpodcast.promo/reframe2025Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is ...
Could you spend years earning your CPA license only to be told you can't use it? In this episode, Mark Koziel, president of the AICPA, joins Blake and David to discuss the shocking trend of firms prohibiting CPAs from identifying themselves as such in emails, on business cards, and even on LinkedIn. Blake and David also explore the economic uncertainty created by Trump's tariff policies, with major corporations cutting costs and delaying investments. Plus, learn about Republican plans to eliminate the PCAOB, the wave of states creating alternative CPA pathways, and why Ramp could become the federal government's spend management platform.SponsorsOnPay - http://accountingpodcast.promo/onpayBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) Cloud Accountant Staffing - http://accountingpodcast.promo/casRoboDebit - http://accountingpodcast.promo/robodebitChapters(01:13) - Top News Stories of the Week (04:18) - Ramp's Ambitious Federal Government Plans (14:04) - Republican Plans to Scrap PCAOB (17:56) - Impact of Tariffs on Major Corporations (28:45) - IRS Leadership Changes (32:31) - Private Equity's New Accounting Firm (36:03) - CPA Pipeline Updates: Tennessee, Texas, and Indiana (37:46) - Republicans and the Millionaire Tax Idea (40:20) - Interview with Mark Koziel: CPA Title Controversy (01:06:36) - Fun Facts: The Cost of Replacing the Pope (01:08:43) - Earn Free CPE on Earmark Show NotesTrump Team Eyes Politically Connected Startup to Overhaul $700 Billion Government Payments Programhttps://www.propublica.org/article/trump-peter-thiel-ramp-gsa-smartpay-expense-payment-system Big 4 Alum Start Their Own Thing Hoping Clients Want Something Different and Conflict-Freehttps://www.goingconcern.com/big-4-alum-start-their-own-thing-hoping-clients-want-something-different-and-conflict-free/ Texas passes CPA law as push to lower licensure barrier gains steamhttps://www.cfodive.com/news/broadening-cpa-licensure-paths-marching-beyond-150-hour-rule-accounting-talent-shortage/745282/ Draft bill would eliminate PCAOBhttps://www.accountingtoday.com/news/draft-bill-would-eliminate-pcaob-empower-sec Why The IRS Went Through 4 Acting Commissioners In 3 Monthshttps://abovethelaw.com/2025/04/why-the-irs-went-through-4-acting-commissioners-in-3-months/ 'Hard no': Millionaire tax hike proposal has House Republicans dividedhttps://www.foxnews.com/politics/hard-no-millionaire-tax-hike-proposal-has-house-republicans-divided Tariffs and global trade: The economic impact on businesshttps://www.mckinsey.com/capabilities/geopolitics/our-insights/tariffs-and-global-trade-the-economic-impact-on-business Firms with AI report higher per-employee revenuehttps://www.accountingtoday.com/news/firms-with-ai-report-higher-per-employee-revenue-vs-others The mysterious donor who paid for Pope Francis' funeralhttps://en.ara.cat/misc/the-mysterious-donor-who-paid-for-pope-francis-funeral_1_5357026.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsREFRAME 2025 - http://accountingpodcast.promo/reframe2025Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top o...
What happens when a trade war meets bureaucratic red tape? In this episode, Blake and David dive into the explosive impact of 145% tariffs on Chinese goods and what it means for American businesses' bottom lines. Through real-world examples—from small retailers to tech giants like Apple—they break down how these policies could devastate supply chains and force difficult decisions for companies caught in the crossfire.Meanwhile, the Department of Government Efficiency is shaking up the IRS, transforming a login button change from a 103-day project into a 71-minute fix. But that's not all: CPAs at private equity-owned firms are now being told to remove their credentials from email signatures and LinkedIn profiles. Tune in to understand how these seemingly separate issues reflect larger battles over professional identity, government efficiency, and America's economic future.SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/casBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) Chapters(01:40) - Weekly News Roundup (03:03) - IRS Updates and Controversies (03:59) - Private Equity and CPA Titles (05:08) - Government Efficiency and IRS Hackathon (18:46) - Tariffs and Trade Wars (27:57) - Impact of Tariffs on Businesses (46:33) - Economic Impact of Tariffs and Debt (47:26) - Trump Administration's Strategic Challenges (48:14) - Job Loss Projections Due to Tariffs (51:09) - China's Economic Transformation and Future (54:43) - Human Impact of US-China Trade Policies (58:48) - IRS Sharing Tax Information with Homeland Security (01:03:06) - Private Equity's Influence on CPA Firms (01:16:29) - Shopify's AI Hiring Policy (01:29:25) - Conclusion and Announcements Show NotesDepartment of Government Efficiency – X posting on re-engineering a 103-day projecthttps://x.com/DOGE/status/1910067646827057152DOGE plans now reportedly include an IRS ‘hackathon'https://www.theverge.com/news/644327/musk-doge-irs-hackathon-taxpayer-data-transfer-cloudIRS Workers Get Final Chance to Take Deferred Resignation Offerhttps://www.cpapracticeadvisor.com/2025/04/07/irs-workers-get-final-chance-to-take-deferred-resignation-offer/158668/Appeals Court Clears Path for Trump to Resume Firing ...https://www.nytimes.com/2025/04/09/us/politics/trump-federal-workers-firing.htmlElon Musk Secretly Working to Rewrite the Social Security Codebase Using AIhttps://futurism.com/elon-musk-rewriting-social-security-code-aiPentagon hits Accenture, Booz Allen and Deloitte with contract cancellationshttps://www.nextgov.com/acquisition/2025/04/pentagon-hits-accenture-booz-allen-and-deloitte-contract-cancellations/404525/?oref=ng-homepage-riverHere's the iPhone. Here's the iPhone With Tariffs.https://www.wsj.com/tech/personal-tech/iphone-apple-tariffs-china-bb20c7a3Between tariffs and survival, American business owners are doing alarming mathhttps://www.npr.org/2025/04/07/nx-s1-5352833/trump-tariffs-china-manufacturing-businessesAt Home Group, Stung by Trade War, Explores Bankruptcyhttps://www.wsj.com/articles/at-home-group-stung-by-trade-war-explores-bankruptcy-853b9a83How Much Revenue Can Tariffs Really Raise for the Federal Government?https://taxfoundation.org/research/all/federal/universal-tariff-revenue-estimates/IRS agrees to share tax information of undocumented immigrants with Icehttps://www.theguardian.com/us-news/2025/apr/08/irs-ice-tax-dataActing IRS commissioner resigning after agency reaches data-sharing deal with immigration authoritieshttps://www.cnn.com/2025/04/08/politics/melanie-krause-acting-irs-commissioner-resigning/index.htmlAccounting firm that sold out to private equity is now requiring CPAs that work for them to stop using "CPA" on their personal LinkedIn and in email signatureshttps://www.reddit.com/r/Accounting/comments/1jx2338/accounting_firm_that_sold_out_to_private_equity/?rdt=47047Shopify CEO: No new hires, unless you prove AI can't do the jobhttps://thehill.com/policy/technology/5239841-shopify-ceo-ai-first-hiringKPMG's new AI bot has cut interview scheduling time by almost 60% and saved more than 1,000 hours for the talent acquisition teamhttps://finance.yahoo.com/news/kpmg-ai-bot-cut-interview-121831887.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website -
Could AI-generated fake receipts upend expense reporting as we know it? In this eye-opening episode, Blake and David demonstrate live how easy it's becoming to create convincing financial documents with AI—from receipts to audit opinions. They break down why Trump's new "reciprocal" tariffs aren't what they seem (complete with meaningless Greek symbols) and how they're already triggering market turbulence. You'll also learn why the federal government is ending paper checks by September, potentially saving hundreds of millions while reducing fraud by 16x. Plus, discover why Signal might be the most secure messaging option for your sensitive client communications. Whether you're concerned about fraud detection, economic impacts on your clients, or evolving professional standards, this episode delivers practical insights for navigating today's rapidly changing landscape.SponsorsCloud Accountant Staffing - http://accountingpodcast.promo/casBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)Chapters(02:49) - Implications of AI-Generated Receipts (05:23) - Sponsor Acknowledgements and Livestream Interaction (06:15) - Deep Dive into Trump's Tariffs (09:27) - Economic Impact of Tariffs (22:57) - Creating Fake Receipts with AI (37:01) - Signal App and Secure Communication for Accountants (42:22) - Corporate Espionage and Fraud Cases (47:23) - Generating a Fake Audit Report with AI (52:19) - Discussing Douglas Edelman's Tax Evasion (56:33) - Deloitte Layoffs Due to Federal Crackdown (01:00:14) - Mandating Electronic Federal Tax Transactions (01:10:08) - IRS and ICE Coordination on Unauthorized Immigrants (01:13:34) - Alternative Pathways to Becoming a CPA (01:20:24) - Critique of Big Four Accounting Firms (01:28:01) - Upcoming Events and New Content on Earmark Show NotesChatGPT's new image generator is really good at faking receiptshttps://techcrunch.com/2025/03/31/chatgpts-new-image-generator-is-really-good-at-faking-receipts/ Markets Swing Wildly After Trump Holds His Ground on Tariff Planhttps://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-07-25 Trump's Reciprocal Tariff Calculations Are Nonsense, Will Punish Mutually Beneficial Tradehttps://taxfoundation.org/blog/trump-reciprocal-tariffs-calculations/ Stellantis to temporarily lay off 900 US workers as tariffs bitehttps://www.reuters.com/business/autos-transportation/stellantis-says-will-temporarily-lay-off-900-us-workers-following-tariff-2025-04-03 Modernizing Payments To and From America's Bank Accounthttps://www.whitehouse.gov/presidential-actions/2025/03/modernizing-payments-to-and-from-americas-bank-account/ The Trump Administration Accidentally Texted Me Its War Planshttps://www.theatlantic.com/politics/archive/2025/03/trump-administration-accidentally-texted-me-its-war-plans/682151/ @parkerconrad Tweet: Rippling sued @Deel today … https://x.com/parkerconrad/status/1901615179718406276 Scoop: Fashion startup accuses founder of misconduct, after raising $534 millionhttps://www.axios.com/2025/03/31/scoop-caastle-founder-hunsicker-misconductThe $7 Billion Defense Contractor Who Became One of America's Biggest Alleged Tax Cheatshttps://www.wsj.com/us-news/law/douglas-edelman-alleged-tax-fraud-who-ee65ea61 Deloitte is planning layoffs after a federal crackdown on consulting contractshttps://finance.yahoo.com/news/deloitte-planning-layoffs-federal-crackdown-063253531.html DOGE's private contract crackdown has eliminated more than 120 Deloitte contracts—more than twice the amount of any other consultancyhttps://fortune.com/2025/04/03/doge-private-contract-crackdown-deloitte-consultancies/ Probationary IRS workers will be back to work before Tax Day: Trial Balancehttps://www.cfo.com/news/probationary-irs-workers-will-be-back-to-work-before-tax-day-trial-balance/744419/IRS sharing info with ICE would put illegal immigrants between 'rock and a hard place': experthttps://www.yahoo.com/news/irs-sharing-ice-put-illegal-130026839.html Georgia, Indiana join growing band of states to pass CPA licensure lawshttps://www.cfodive.com/news/georgia-joins-growing-band-states-pass-cpa-licensure-laws-accounting-talent-shortage/744384/ I Quit my Big 4 Accounting Job to Fry Chicken and Will Never Go Back …https://www.businessinsider.com/quit-big-four-accounting-fry-chicken-never-go-back-2025-4 Local firm slashes staff starting salarieshttps://www.accountingtoday.com/opinion/local-firm-slashes-staff-starting-salariesNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a fa...
What happens when tax enforcement weakens? With 17% of millennials considering skipping their tax filing altogether, Blake and David dig into how IRS budget cuts might impact compliance and revenue. They analyze fascinating survey data revealing what taxpayers truly value when choosing between professional preparation and free options like Direct File. Plus, discover the accounting scandal forcing Financial Times to retract its Tesla analysis, exposing how GAAP complexity confounds even financial experts. You'll also learn why three major US cities face billion-dollar budget holes and the disturbing revelation that duplicate Medicaid payments are costing taxpayers billions—all while Tether still can't produce an audit after ten years of promises.Sponsors Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) RightWorks- http://accountingpodcast.promo/rightnow2025Chapters(00:00) - Introduction and Podcast Overview (00:42) - Top Stories of the Week (02:27) - Sponsor Messages and Event Announcements (04:52) - Interview with Christina Ho on PCAOB (07:57) - Discussion on IRS Cuts and Tax Compliance (19:44) - Survey on IRS Direct File (28:21) - AI's Impact on Tax Professionals (29:14) - Discrepancies in Tax Software Results (30:08) - Public Opinion on Tax Filing Services (31:23) - Challenges for Tax Professionals (32:39) - LA's Budget Crisis (36:24) - Federal Government Spending Issues (37:28) - Medicaid Duplicate Payments Scandal (45:55) - Tether's Audit Controversy (50:38) - Tesla's Financial Discrepancies (56:16) - Big Four Transparency Rankings (58:07) - Conclusion and Farewell Show NotesTax Revenue Could Drop by 10 Percent Amid Turmoil at IRShttps://www.washingtonpost.com/business/2025/03/22/irs-tax-revenue-loss-federal-budget/ Survey: Some Americans Might Roll the Dice on Not Filing Their Taxes This Year Due to IRS Job Cutshttps://www.cpapracticeadvisor.com/2025/03/26/survey-some-americans-might-roll-the-dice-on-not-filing-their-taxes-this-year-due-to-irs-job-cuts/157877/ Most Americans Are Interested in Using IRS Direct File to Prepare and File Their Taxeshttps://taxpolicycenter.org/briefs/most-americans-are-interested-using-irs-direct-file-prepare-and-file-their-taxes TurboTax vs Free Tax USA: A Shocking Price Comparison https://www.tiktok.com/@carolinesadventure/video/7482613418801859870 Survey: 91% of Americans Think Filing Taxes Should Be Freehttps://www.cpapracticeadvisor.com/2025/03/11/survey-91-of-americans-think-filing-taxes-should-be-free/157176/ Why you should think twice before claiming an income-tax extension. ‘This is not the year to do your normal procrastinating.'https://www.marketwatch.com/story/why-you-should-think-twice-before-claiming-an-income-tax-extension-this-is-not-the-year-to-do-your-normal-procrastinating-89937e0d LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffshttps://www.bloomberg.com/news/articles/2025-03-20/la-faces-1-billion-budget-hole-warning-thousands-of-layoffs WSJ investigation: Medicaid paid health insurers billions by covering the same patients twicehttps://www.risehealth.org/insights-articles/wsj-investigation-medicaid-paid-health-insurers-billions-by-covering-the-same-patients-twice/ Tether seeks Big Four firm for its first full financial audit — Reporthttps://cointelegraph.com/news/stablecoin-issuer-tether-big-four-firm-full-reserve-audit-report Financial Times retracts report on Tesla's alleged shady accountinghttps://www.teslarati.com/financial-times-retracts-report-tesla-shady-accounting/ The Big 4 Transparency Accounting Awardshttps://big4transparency.beehiiv.com/p/the-big-4-transparency-accounting-awards Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify:
Blake and David dive straight into the headlines, starting with the controversial IRS workforce cuts and their potential impact on tax collections. They examine corporate espionage allegations between payroll companies Rippling and Deel, including a complex web of legal battles, Russian connections, and political involvement, and go on to discuss how AI is rapidly improving at handling longer tasks. All this and much more, right now!SponsorsRightWorks- http://accountingpodcast.promo/rightnow2025Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) Chapters(00:31) - Exciting Stories and Headlines (03:07) - Live Stream Shoutouts (05:08) - Earmark Podcast and CPE Credits (10:56) - IRS Workforce Cuts and Tax Gap (30:13) - Rippling vs. Deel Espionage Saga (41:20) - Evolve Bank and Trust Controversies (42:39) - Rippling and Deal Lawsuit Drama (42:57) - Political Connections and Scandals (44:31) - The Future of AI in Accounting (46:36) - AI Performance and Moore's Law (50:42) - AI's Impact on Accounting Tasks (54:43) - Live Demonstration with Claude AI (01:08:27) - The Future of Accountants in an AI World (01:20:45) - Conclusion and Upcoming Events Show Notes7,000 IRS workers ‘reinstated' — but not yet returning to workhttps://www.journalofaccountancy.com/news/2025/mar/7000-irs-workers-reinstated-but-not-yet-returning-to-work/ IRS Retreats From Some Audits as Agency Slashes Workforcehttps://www.wsj.com/politics/policy/internal-revenue-service-doge-taxes-f00ac956 Opinion | With IRS cuts, DOGE would lose far more money ...https://www.washingtonpost.com/opinions/2025/03/13/doge-irs-cuts-tax-revenue/ Former Defense Contractor and his Wife Indicted for Evading U.S. Taxes on Profits from Selling Jet Fuel to the U.S. Militaryhttps://www.irs.gov/pub/irs-ci/j5-media-release-7-3-2024.pdf Lawsuit Alleges $12 Billion "Unicorn" Deel Cultivated Spy, Orchestrated Long-Running Trade-Secret Theft & Corporate Espionage Against Competitorhttps://www.rippling.com/blog/lawsuit-alleges-12-billion-unicorn-deel-cultivated-spy-orchestrated-long-running-trade-secret-theft-corporate-espionage-against-competitor IRS in Crisis: Tax Professionals Bear the Brunthttps://cpatrendlines.com/2019/02/26/taxpayer-advocate-lambastes-irs/ Measuring AI Ability to Complete Long Taskshttps://metr.org/blog/2025-03-19-measuring-ai-ability-to-complete-long-tasks/ Earmark Podcast – Ep. 87 - How to Use AI to Analyze Data and Draft Financial Reports in Minuteshttps://share.transistor.fm/s/c86818f5 Earmark's Screening of The Accountant 2https://www.eventbrite.com/e/screening-of-the-accountant-2-tickets-1225264421869?aff=EarmarkAppNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
How does a profession revitalize itself when salaries haven't budged since 2007? In this episode, Blake and David examine the shocking reality that Big Four audit associates in Chicago earn the same salary range today as they did nearly two decades ago. They also explore why accounting's value proposition has stagnated in a world where financial statements fail to capture what truly matters to modern investors, and you'll hear their take on the IRS's plan to cut 50% of its workforce, Social Security's future, and the economic impact of tariffs—including a surprising clip from Ronald Reagan himself. Plus, learn how over 30 states are now advancing legislation to eliminate the 150-hour rule that has long been blamed for declining CPA candidates.SponsorsOnPay - http://accountingpodcast.promo/onpayBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) Chapters(00:49) - BOI Reporting Requirements Halted (02:00) - Impact of BOI Reporting Suspension (05:12) - IRS Layoffs and Their Implications (11:56) - Reagan's Take on Tariffs (15:58) - Trump's Tariffs and Fentanyl Production (19:59) - OnPay Updates (24:50) - Economic Optimism Among CPAs (27:10) - Strategic Crypto Reserve (30:30) - Elon Musk on Social Security (37:49) - Earmark Webinar Highlights on CPA Licensure Changes (40:17) - Audit Associate Salary Stagnation (43:32) - CPA Supervision and Work Experience Challenges (44:48) - Audit Quality and Firm Economics (47:46) - Intangible Assets and Financial Reporting (59:03) - Expense Card Industry Updates (01:04:26) - US Debt and Economic Power Show Notes The IRS Is Reportedly Planning to Cut Up to 45,000 Workers — Half of Its Workforcehttps://www.entrepreneur.com/business-news/irs-planning-mass-layoffs-cutting-half-of-workforce-report/487974 President Reagan's Radio Address on Free and Fair Trade on April 25, 1987https://www.youtube.com/watch?v=5t5QK03KXPc Trump's Tariffs Set Off Day of Anger, Retaliation and Market Uneasehttps://www.nytimes.com/live/2025/03/04/us/tariffs-us-canada-mexico-china Domestic economic sentiment declines 20 percentage points among CPA execshttps://www.journalofaccountancy.com/news/2025/mar/domestic-economic-sentiment-declines-20-percentage-points-among-cpa-execs.html Trump signs order to establish strategic bitcoin reservehttps://www.reuters.com/technology/trump-signs-order-establish-strategic-bitcoin-reserve-white-house-crypto-czar-2025-03-07/ Fact Sheet: President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpilehttps://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-establishes-the-strategic-bitcoin-reserve-and-u-s-digital-asset-stockpile/ Elon Musk's Social Security Comments Called Out by Former Administratorhttps://www.newsweek.com/elon-musk-social-security-comments-ponzi-scheme-martin-omalley-2042006 85% of Americans Willing to Raise Taxes to Save Social Security, Survey Showshttps://finance.yahoo.com/news/85-americans-willing-raise-taxes-133018876.html Erica Goode's LinkedIn Post on Salary Declineshttps://www.linkedin.com/posts/erica-goode-cpa-00205616_thisindustry-icanteven-activity-7300526290778869762-hqph/ Will Debt Sink the American Empire?https://www.wsj.com/politics/policy/will-debt-sink-the-american-empire-8459096b FASB Requests Feedback Related to Intangible Assetshttps://dart.deloitte.com/USDART/home/news/all-news/2024/dec/fasb-invitation-to-comment-intangible-assets Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast:
What happens when the US government considers creating a cryptocurrency reserve? In this episode, Blake and David dive into Trump's surprising announcement about establishing a crypto strategic reserve and the immediate market reaction. They explore this proposal's potential consequences and skepticism, from security vulnerabilities to valuation challenges.You'll also hear about PwC Israel's $2.8 million fine for exam cheating, Connecticut's push to create alternative CPA licensure pathways, and how accounting firms are expanding into legal services. They also dissect the outcry over federal employees being asked to submit weekly accomplishment reports and break down Citigroup's jaw-dropping $81 trillion transfer error caused by poor software design.Whether you're tracking regulatory changes, interested in the evolution of professional services firms, or simply fascinated by the intersection of finance and technology, this episode delivers insights into the forces reshaping the accounting profession today.Sponsors Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.) CPA.com - http://accountingpodcast.promo/cpaChapters(00:00) - Introduction and Welcome (00:29) - Crypto's Legitimacy and Trump's Announcement (01:44) - Crypto Market Reactions and Speculations (04:07) - Personal Updates and Hiking Adventure (05:36) - Crypto Reserve Concerns and Security Issues (08:00) - PWC Fined for Cheating Scandal (11:42) - Top Collegiate Accounting Programs (16:52) - FinCEN and Beneficial Ownership Reporting (17:59) - Fyre Festival 2 Announcement (20:46) - CPA Licensure Pathways and Reforms (25:33) - Accounting Firms Expanding into Legal Services (30:45) - Consulting Firms and Government Contracts (36:30) - Government Spending and Nonprofits (37:49) - Consulting Costs and Middlemen (40:18) - The Penny Debate (41:53) - Federal Employee Accountability (58:46) - Elon Musk's OpenAI Offer (01:03:50) - Citigroup's $81 Trillion Error (01:07:36) - Self-Driving Cars and AI (01:10:11) - Conclusion and CPE Message Show NotesTrump names cryptocurrencies in strategic reserve, sending prices uphttps://www.reuters.com/world/us/trump-says-cryptocurrency-strategic-reserve-includes-xrp-sol-ada-2025-03-02/ Crypto's biggest hacks and heists after $1.5 billion theft from Bybithttps://www.reuters.com/technology/cybersecurity/cryptos-biggest-hacks-heists-after-15-billion-theft-bybit-2025-02-24/ PCAOB Sanctions PwC Israel for Quality Control Violations Related to Widespread Improper Answer Sharinghttps://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-sanctions-pwc-israel-for-quality-control-violations-related-to-widespread-improper-answer-sharing CPA Success Index: Ranking the top collegiate accounting programshttps://www.accountingtoday.com/opinion/cpa-success-index-ranks-top-collegiate-accounting-programs FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlineshttps://www.fincen.gov/news/news-releases/fincen-not-issuing-fines-or-penalties-connection-beneficial-ownership Fyre Festival 2 tickets are on sale for up to $1.1 million after founder served prison time for defrauding investors of the first eventhttps://fortune.com/2025/02/26/fyre-festival-2-tickets-billy-mcfarland-prometheus-pass-music-lineup/ Progress: Tracking the conversation in all licensing jurisdictionshttps://www.mncpa.org/involvement/legislative/broadening-pathways-to-cpa/national/ Aprio Aims to Enter Legal Industry by Combining with Law Firm in Arizonahttps://www.cpapracticeadvisor.com/2025/02/13/aprio-aims-to-enter-legal-industry-by-combining-with-law-firm-in-arizona/156043/ McKinsey Estimates Advisor Shortage of 100,000 by 2034https://www.wealthmanagement.com/wealth-management-industry-trends/mckinsey-estimates-advisor-shortage-of-100-000-by-2034 Saudi Wealth Fund Blocks PwC from Advisory Work for One Yearhttps://www.bloomberg.com/news/articles/2025-02-28/saudi-wealth-fund-blocks-pwc-from-advisory-work-for-one-year A message from SecVA Doug Collinshttps://www.youtube.com/watch?v=r8Z_RkqSAzo Everyone Hates Pennies, Except This Guyhttps://www.wsj.com/business/mark-weller-penny-defender-trump-d543a9de?mod=business_lead_pos1 Federal workers get a new email demanding their accomplishmentshttps://www.npr.org/2025/03/01/g-s1-51490/federal-workers-new-email-accomplishments Fact Sheet: President Donald J. Trump Proceeds with Tariffs on Imports from Canada and Mexicohttps://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-proceeds-with-tariffs-on-imports-from-canada-and-mexico/ Sam Altman Rejects Elon Musk's Offer To Buy OpenAI Control—And Mocks Xhttps://www.forbes.com/sites/mollybohannon/2025/02/10/sam-altman-rejects-elon-musks-offer-to-buy-openai-control-and-mocks-x/ Former U.S. Senator Robert Menendez Sentenced To 11 Years In Prison For Bribery, Foreign Agent, And Obstruction Offenses
Is the U.S. heading toward a financial cliff? In this eye-opening episode, Blake and David unpack the Government Accountability Office's sobering projection that federal debt will double the size of the economy by 2047. While exploring recent DOGE initiatives and IRS layoffs, they examine whether drastic government spending cuts are inevitable—and necessary.Meanwhile, Virginia and Tennessee join the growing movement to reform CPA licensure requirements by offering pathways that don't require 150 credit hours. Could these changes be the key to increasing diversity more effectively than corporate DEI programs?You'll also discover why the $400 million PCAOB budget might be on the chopping block, how AI research tools like Perplexity Deep Research are revolutionizing tax research, and get the latest update on the ever-shifting BOI reporting deadlines. Whether you lean left, right, or stay strictly in the debits and credits, this episode offers practical insights for navigating the changing professional landscape.SponsorsOnPay - http://accountingpodcast.promo/onpayCPA.com - http://accountingpodcast.promo/cpaBluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)Chapters(02:16) - Apologies and Clarifications (04:37) - IRS Layoffs and Government Spending (05:32) - Live Stream Interactions and Sponsorships (06:47) - Federal Debt and Fiscal Health (16:58) - BOI Reporting Deadline Extension (19:05) - Deloitte's DEI Changes (23:26) - CPA Licensure Pathways (28:37) - DOGE Dividend Proposal (33:14) - Social Security and Medicare Funding Challenges (35:40) - Impact of IRS Layoffs (38:13) - Audit Rates and Tax Compliance (42:16) - Regulatory Burdens and Economic Growth (50:09) - PCAOB and Audit Quality (59:54) - AI in Tax Research (01:05:38) - Listener Engagement and Final Thoughts Show NotesGAO-24-106987, The Nation's Fiscal Healthhttps://www.gao.gov/assets/d24106987.pdf Corporate Transparency Act Enforcement Injunction Stayed, FinCEN Extends the Beneficial Ownership Information Reporting Deadline to March 21, 2025, and Announces Intention to Revise the Reporting Rulehttps://www.sidley.com/en/insights/newsupdates/2025/02/corporate-transparency-act-enforcement-injunction-stayed Trump Demands Apple Ditch DEI After It Rejects Proposal: Here Are All The Companies Cutting Diversity Programshttps://www.forbes.com/sites/conormurray/2025/02/26/trump-demands-apple-ditch-dei-after-it-rejects-proposal-here-are-all-the-companies-cutting-diversity-programs/ Breaking down Virginia's new CPA requirements: What you need to knowhttps://www.blakeoliver.com/blog/breaking-down-virginias-new-cpa-requirements-what-you-need-to-know Virginia General Assembly passes legislation widening pathways to CPA licensure effective Jan. 1, 2026https://boa.virginia.gov/2025/02/virginia-general-assembly-passes-legislation-widening-pathways-to-cpa-licensure-effective-jan-1-2026/ Bridging the Gap: New CPA Licensure Legislation To Address the CPA Shortagehttps://www.tscpa.com/news/1490-bridging-the-gap-new-cpa-licensure-legislation-to-address-the-cpa-shortage $5,000 DOGE check? Trump backs idea to send some savings to Americanshttps://www.fox9.com/news/5000-doge-dividend-check-trump-backs-savings-americans IRS plans to lay off 7,000 probationary workers beginning Thursday, AP source sayshttps://apnews.com/article/irs-layoffs-trump-elon-musk-doge-df2b3c8d53ff9f2d276c8b29f8004dde AICPA CEO Mark Koziel on the Future of Accounting Under the Trump Administrationhttps://www.nysscpa.org/news/publications/the-trusted-professional/article/aicpa-ceo-mark-koziel-on-the-future-of-accounting-under-the-trump-administration-021225 Perplexity Unveils Deep Research: AI-Powered Tool for Advanced Analysishttps://www.infoq.com/news/2025/02/perplexity-deep-research/ TaxGPT Raises $4.6M to Build the First AI Tax Co-Pilot for Accounting and Tax Firmshttps://www.taxgpt.com/blog/taxgpt-raises-4-6m-to-build-the-first-ai-tax-co-pilot-for-accounting-and-tax-firms DeepSeek on par with GPT, Claude, Llama for accountinghttps://www.accountingtoday.com/news/deepseek-on-par-with-gpt-claude-llama-for-accounting Secure your Intuit Account and prevent lockout with extra verification methodshttps://quickbooks.intuit.com/learn-support/en-us/help-article/security-risk/verify-account-multi-factor-authentication/L2Xp0GNiT_US_en_US Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and ...
This episode was produced remotely using the ListenDeck standardized audio & video production system. If you're looking to jumpstart your podcast miniseries or upgrade your podcast or video production please visit www.ListenDeck.com. You can subscribe to this podcast and stay up to date on all the stories here on Apple Podcasts, Google Podcasts, Stitcher, Spotify, Amazon and iHeartRadio. In this episode, the host John Siracusa had a remote chat with Eyal Lifshitz, Co-founder & CEO of Bluevine. Eyal, had a successful career as an engineer and a venture capitalist. What compelled him to leave venture and become an entrepreneur? In this interview Eyal shares the story behind starting Bluevine and what's his emotional connection was to create a digital banking platform for small businesses. He discusses the evolution of company culture as Bluevine continues to grow and employs over 500 people + raised over $700 million in debt and equity. We are taking a break for the holidays, subscribe now on Apple Podcasts, Google Podcasts, Stitcher, Spotify, Amazon and iHeartRadio to hear Thursday January 9th episode with Kyle Mack from Middesk. About the host: John is the founder of ListenDeck a full-service podcast and video production company, which has produced over 1500 episodes of various podcasts. He is the host of the ‘Bank On It' podcast, which features over 600 episodes starring high profile fintech leaders and entrepreneurs. Follow John on LinkedIn, Twitter, Medium
This episode was produced remotely using the ListenDeck standardized audio & video production system. If you're looking to jumpstart your podcast miniseries or upgrade your podcast or video production please visit www.ListenDeck.com. You can subscribe to this podcast and stay up to date on all the stories here on Apple Podcasts, Google Podcasts, Stitcher, Spotify, Amazon and iHeartRadio. In this episode, the host John Siracusa had a remote chat with Ioan Iacob, Co-founder & CEO of Flow X.AI. FLOWX.AI wraps and orchestrates legacy systems, allowing enterprises to create web and mobile front-ends for mission-critical business flows. During the chat they discuss the transformative potential of multi-agent AI technology in the banking and financial services sector. Ioan shares insights on the evolution of FlowX.AI, the transition from consulting to product development, and the importance of hiring individuals who bring in new knowledge to the organization to make this transition efficient and effective. Subscribe now on Apple Podcasts, Google Podcasts, Stitcher, Spotify, Amazon and iHeartRadio to hear next Thursdays episode with Eyal Lifshitz from Bluevine. About the host: John is the founder of ListenDeck a full-service podcast and video production company, which has produced over 1500 episodes of various podcasts. He is the host of the ‘Bank On It' podcast, which features over 600 episodes starring high profile fintech leaders and entrepreneurs. Follow John on LinkedIn, Twitter, Medium
256: “I was ready to see a new way of life... there are other countries where I could be happy and experience a similar, if not greater, quality of life than I had.” - Chelsea Riffe For those of you curious about living abroad, I'm sharing today what it truly takes to live overseas, from lessons, logistics, emotional whiplash to rewarding transformations that come with expat life. **Snippets** from the episode: “Leaving the U.S. was about finding a different rhythm of life, testing out if a new culture could offer more fulfillment." "Moving abroad isn't always easy; you're adjusting to new norms, letting go of familiar conveniences, and learning to live without the constant hustle." "If you don't speak the language, treat it like a business challenge—take a class, hire a tutor, and immerse yourself as much as possible." "Building relationships with local landlords or AirBnB hosts can go a long way in securing affordable, longer-term stays." "Think of yourself as a visitor with a purpose—whether you're in South America, Europe, or Africa, respect the culture and adapt instead of expecting it to change for you." Wherever you go, go with an open mind and an adventurous heart. Taking the leap to live abroad isn't just about escaping routine. Life abroad can be a beautiful transformation if you're willing to let go and embrace the journey (and Americans, there are other places to live!) Resources: Financial Tools: Capital One, Apple Card, Bluevine business checking, PayPal Accommodation Platforms: Airbnb, VRBO, booking.com, Bumble BFF for connecting Language Learning Tools: Duolingo Travel and Digital Nomad Companies: Remote Year, WiFi Tribe - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Did you miss out on PITCH PERFECT? Don't worry! Join the waitlist now, and you'll be the first to know when doors reopen. Connect with Chelsea: • Website • 1:1 Podcast Coaching • Launch your podcast with the ultimate podcast launch course - Mic Drop! • Instagram • Slight Turbulence Substack - the travel magazine you wish existed on the back of airplane seats Ready to launch your very own podcast? Grab my FREE cheat sheet right HERE. Want to send a voice note to the podcast and have Chelsea answer you on air? Do so HERE. --- Support this podcast: https://podcasters.spotify.com/pod/show/in-my-non-expert-opinion/support
On our exploratory journey of what it takes to build world-class products in financial service, today we have a conversation with Herman Man, the Chief Product Officer at Bluevine. We sat down with him to discuss how the fintech company is revolutionizing small business banking. He shares how Bluevine aims to serve as a comprehensive financial OS for small businesses, providing a suite of solutions that includes business checking accounts, accounts payable solutions, and lending and credit services. "Our goal always was to really be the financial OS, if so to speak, for these small businesses," Herman explains. The conversation delves into Bluevine's origins, the evolving needs of small businesses, and the innovative approaches they are taking to meet those needs. This narrative weaves together Mann's insights, providing valuable guidance for industry professionals and stakeholders. Herman Mann is my guest today on the Tearsheet Podcast.
Ever wondered how to stand out in a crowded market? This episode dives into the art of building a challenger brand with insights from an industry expert who has done it time and again.In this episode of Performance Delivered, we are joined by Dhiraj Kumar, the Chief Marketing Officer at Dashlane, a leading password management platform protecting 2.5 billion credentials. Dhiraj brings a wealth of experience from scaling multibillion-dollar businesses at companies like Facebook, PayPal, and Bluevine. He shares his journey and the strategies he uses to turn Dashlane into a formidable challenger brand in the credential security industry.We'll cover:Dhiraj's unconventional career path from engineering to marketing.The critical challenges faced when rebranding Dashlane for business and consumer markets.Strategies for competing against well-established brands with limited resources.The importance of having a clear and distinct point of view as a challenger brand.Tips for hiring the right team to drive a challenger brand forward.And more
Heather Samarin and Vidya Dinamani chat with Herman Man, Chief Product Officer at Bluevine. He shares insights on hiring passionate product managers, leveraging data for customer insights, and leading by example. Tune in to learn about Herman's strategies for creating delightful user experiences and scaling product teams, and hear his advice for aspiring product leaders on building grit and intuition.
Nate Gee hosts Eric Sager, COO of Plaid, whose technology links fintech apps and financial institutions in a network empowering the fintech solutions that millions of people use. In this episode, they discuss: - How Plaid has transformed the fintech landscape in the past decade - Eric's journey into fintech and becoming Plaid's COO - The role of APIs and open banking in modern financial services - The growth of digital finance in recent years - Instant payments and alternative payment rails - Other fintech trends and how Plaid fits in - And much more! About Plaid Founded in 2013, Plaid has become essential infrastructure in the fintech world, connecting over 100 million users to financial services and facilitating integration among more than 12,000 financial institutions and 8,000 fintech apps worldwide. Plaid's technology enables simpler, faster, and more transparent financial services, making it a cornerstone in the ongoing evolution of digital finance. About Eric Sager With over 20 years of experience in financial services, Eric Sager joined Plaid as COO in 2019. Before joining Plaid, Eric held senior roles at BlueVine and Square. Originally from Germany, Eric worked at Bain & Company in Europe after graduating from Harvard Business School in 2006. For more FinTech insights, follow us on: WFT Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech WFT Instagram: instagram.com/whartonfintech Nate's LinkedIn: https://www.linkedin.com/in/nathan-c-gee/
Today, our guest is Herman Man, Chief Product Officer at Bluevine, where he's building the next-generation digital banking platform for small businesses. Originally a computer scientist and engineer by trade, Herman quickly earned a reputation as “one of the few developers with a personality,” throwing himself headfirst into solving complex technical problems for business users who crave simplicity in their fintech solutions. In addition to leading the product function at Bluevine, he also oversees design, which he says ensures a seamless experience for customers and empowers the wider organization to approach problem solving from a user-centered perspective. On today's episode, LogRocket's CEO and Head of Product, Matt Arbesfeld, talks to Herman about how he used his background in engineering to build his career in product, what it's like building a product for the banking industry and the challenges that come with that industry, and how startups can use feedback to disrupt bigger competitors. Links https://www.linkedin.com/in/hermanjman/ https://twitter.com/herman_man Leader Spotlight: Sweating the details, with Herman Man What does LogRocket do? LogRocket combines frontend monitoring, product analytics, and session replay to help software teams deliver the ideal product experience. Try LogRocket for free today. (https://logrocket.com/signup/?pdr) Special Guest: Herman Man.
The small business lending space has seen a lot of innovation over the last decade with fintech leading the way. But there is still much more work to do as many small business still lack the access to capital that they deserve.My next guest on the Fintech One-on-One podcast is Steve Allocca, the head of Funding Circle USA. He has worked at some of the biggest names in fintech (PayPal, LendingClub, Bluevine and now Funding Circle) working on this challenge of helping small business access capital. Funding Circle is a pioneer in this space and recently they received the news that they have been approved for a new SBA 7(a) lending license.In this podcast you will learn:Steve's deep and varied history in the fintech space.Some of the lessons he has brought to Finding Circle.What attracted him to the role at Funding Circle.The typical terms of their core term loan product.Their approach to underwriting small businesses.The impact on demand of the increase in interest rates.What it means for Funding Circle to be approved to be an SBA 7(a) lender.The timetable for when they will be able to start making SBA loans.How they are building their lending as a service offering.How they interact with the Funding Circle head office in the UK.Some of the new hires they have made to the leadership team.How they can get a clearer picture of small business data.What is top of mind for Funding Circle for 2024.Connect with Steve on LinkedInConnect with Funding Circle on LinkedInConnect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes
The small business lending space has seen a lot of innovation over the last decade with fintech leading the way. But there is still much more work to do as many small business still lack the access to capital that they deserve.My next guest on the Fintech One-on-One podcast is Steve Allocca, the head of Funding Circle USA. He has worked at some of the biggest names in fintech (PayPal, LendingClub, Bluevine and now Funding Circle) working on this challenge of helping small business access capital. Funding Circle is a pioneer in this space and recently they received the news that they have been approved for a new SBA 7(a) lending license.In this podcast you will learn:Steve's deep and varied history in the fintech space.Some of the lessons he has brought to Finding Circle.What attracted him to the role at Funding Circle.The typical terms of their core term loan product.Their approach to underwriting small businesses.The impact on demand of the increase in interest rates.What it means for Funding Circle to be approved to be an SBA 7(a) lender.The timetable for when they will be able to start making SBA loans.How they are building their lending as a service offering.How they interact with the Funding Circle head office in the UK.Some of the new hires they have made to the leadership team.How they can get a clearer picture of small business data.What is top of mind for Funding Circle for 2024.Connect with Steve on LinkedInConnect with Funding Circle on LinkedInConnect with Fintech One-on-One:Tweet me @PeterRentonConnect with me on LinkedInFind previous Fintech One-on-One episodes
Today's guest is a transformative and customer-focused leader that has helped grow huge companies including PayPal, Facebook, and BlueVine. Dhiraj Kumar is the CMO of Dashlane. Dhiraj and Host Chris Mechanic discuss the importance of paying attention to the details of your customers, why getting a fresh perspective is so important to developing great marketing, The post Rewiring marketers' brains to pay attention to customers with Dhiraj Kumar appeared first on WebMechanix.
Launching a card is such a core part of today's financial services. Whether you're an incumbent or a fintech, a card is likely – or will likely be – a cornerstone product in your portfolio and an important contributor to your revenue. What baffles me is that with all the new technology platforms, banking as s service, and experienced program managers, there's still a gap for firms and entrepreneurs to really understand what goes into launching and managing a card. We wanted to shine some major light on the card launching process making it easier, smoother, and if things go right, more successful. And to do that, we enlisted some of the best fintech and financial services firms out there to talk about what they've learned launching and scaling card products. We turned to some of the top brands – like Wise and Dave – with millions of cards in their users' hands. We also turned to the platforms and banks – firms like Cross River Bank and First National Bank of Omaha. And we talked to Galileo – the technology and processing platform powering the cards of many of today's most popular fintechs. Thank you to Galileo, who has supported this project from the beginning. We appreciate your support and the work you do throughout the industry. This podcast mini-series is intended to help get your card launch right. One thing you'll hear as we speak to some of the best in the industry is the need to plan well. It doesn't mean you'll get it right the first time around but at least you'll have a way forward. We want you to know what's ahead for you and ultimately to learn from some of the best and brightest around who've launched cards ultimately used by millions of people and companies. Learn from their battle scars and successes. This is the first of a three part series. To dive even deeper, I encourage you to download the guide we published incorporating all this inside information and more. To download your free guide, go to www.tearsheet.co/cardguide This first part of the series address all the planning that goes into ideating, creating, and launching a card. We address the following: *Introduction to the importance of launching and managing cards in financial services. *The need for understanding the card launching process and collaborating with partners. *Planning and the "why" behind launching a card, considering customer problems. *Different approaches to launching cards as strategic differentiators or add-ons. *Case studies from Wise, Bluevine, Dave, and their reasons for launching cards. *Understanding the differences between debit and credit cards and their implications. *Planning for the future of card programs and ecosystems. *The importance of testing, not rushing to market, and iterating. *The role of value proposition in connecting with a company's mission. *Differentiation through features surrounding the card and fulfilling customer needs.
"To operate in the grey, you must look critically at your data, analyze it, and apply judgment in making decisions. All of this is even more true with the complexities of a topic like inclusion."The DEI Discussions is delighted to bring the Artificial Discrimination series: Can AI be trusted with Inclusion?In the first of this exclusive series, Nadia is joined by Yael Malek, Chief People Officer at Bluevine.In this episode, Yael discusses the trustworthiness of AI in promoting inclusion. She highlights the potential benefits and challenges of AI, emphasising the importance of diversity, empathy, and human judgment in addressing biases. She believes that while AI can enhance inclusivity, it cannot replace the fundamental human need for connection and belonging in the evolving workplace.
Featured Guests: Will Coleman, co-founder & CEO, Alto | Travis Connors, co-founder & managing partner, Building Ventures | Eyal Lifshitz, founder & CEO, Bluevine San Franciscans are not happy with driverless robo-taxis as they crash and cause bad traffic jams around the city, startups are benefiting from Inflation Reduction Act funding, and I chat with CEO Eyal Lifshitz, who just announced his company Bluevine plans to IPO.
What happens when those who are in the business of earning your Trust and Protecting you decide to break the law? Former US Most Wanted Cybercriminal Turned Good Guy, Brett Johnson, discusses how companies helped to facilitate Pandemic Fraud: Lining their Corporate Pockets with Billions of Dollars in processing fees while making it easy for Fraudsters to steal money needed by countless Americans. MoneyLion, Womply, BlueVine, Blue Acorn, and more. Brett discusses and shares information never discussed before: From Breaking down How Fraudsters share and exchange information, showing criminal tutorials on how to commit Food Stamp, FEMA, Unemployment Fraud, and More. Brett details his conversation with a Pandemic Fraudster, and then? shares with viewers the guilty companies and the evidence of how it happened. You dont want to miss this. Also, Viewer mail, a new Prison Story, Coming to Faith, Calling out Fake Criminals, and a word about Joe Sullivan--CISO turned Criminal. Clocking in at nearly 3 hours, episode 61 is the longest Brett Johnson Show to date. But its worth it. Time Stamps: 00:58 What is Today's Episode About? A Breakdown 02:20 Viewer mail--Dawn 12:31 JSU Thinks Criminals dont work hard 19:09 Nick Asks about addiction 20:42 Brett's Experience with Edibles 32:45 CJ--Addiction and Faith 43:32 Uallrite--Intimidated, A Prison Story 58:21 A follow up on Fake Criminals 1:13:11 Joe Sullivan, CISO turned Crimnal 1:24:35 When the Good Guys SUCK! 1:25:53 Section 1: Setting the Stage for Pandemic Fraud 1:46:36 A showcase of Criminal Tutorials 1:56:25 A Telegram Tour 2:01:24 Section 2: The Criminal Insight into Pandemic Fraud 2:13:35 Section 3: The Companies, the Proof, problems and Fallout 2:23:47 Noticing the Fraud 2:27:37 How to Build Proper Security 2:40:30 Conversations and Slacks 2:49:17 Takeaways Links: Joe Sullivan Wiki https://en.wikipedia.org/wiki/Joe_Sullivan_(Internet_security_expert) NPR Fintech Fraud https://www.npr.org/2022/12/06/1140823783/a-congressional-report-says-financial-technology-companies-fueled-rampant-ppp-fr How Fintechs Facilitated Fraud https://www.azcentral.com/story/news/politics/arizona/2022/12/01/house-panel-arizona-company-blueacorn-ppp-facilitated-massive-fraud/69689317007/ SBA bans Womply, Blue Acorn https://www.bankingdive.com/news/sba-ppp-bars-fintech-womply-blueacorn-investigates-cross-river-celtic-customers-bank/638440/ Pandemic Fraud makes CEO's Rich https://www.usatoday.com/story/news/investigations/2022/12/01/ppp-fraud-enriched-online-lending-ceos-families-new-report-says/10806533002/ Fintechs make bank on Stimulus Fraud https://www.washingtonpost.com/business/2022/12/01/fintech-covid-relief-fraud/
I'm all about working smarter, not harder, and the holy grail of working less and earning more is passive income. I mean, what's more efficient that making money in your sleep? But what do most passive income experts not mention? Setting up a passive income stream can be lot of work. Like.. A LOT of work (especially when you're doing it for the first time). And although I'd still recommend putting in the work to create those passive income streams, I also want to share an easy win. There's one passive income stream every business owner should have, and it doesn't take endless hours to set it up! It's not sexy, in fact, it's incredibly boring! But it's a small way that you can earn more money, without having to put in a whole lot of extra work. The easy win? A bank account with APY terms that help you add extra cash to your bank account every single month. (I told you it wasn't gonna be sexy!!) In this episode, I'm sharing more about why I decided to switch to new banks, what I looked for, and why I ultimately landed with SoFi and BlueVine. Tune into this episode and start making smarter money moves today! SHOW NOTES: https://jadeboyd.co/blog/business-minimalist-podcast/the-passive-income-stream-every-savvy-business-owner-should-have/ LINKS MENTIONED IN THIS EPISODE: SoFi Banking BlueVine Banking CONNECT WITH JADE Website Instagram Organize your Business Template FREE Task Batching Workbook FREE Weekly Review Checklist My Productivity Course Waitlist
In this Episode, Robin Poore, VP of Capital Markets & Treasury at BlueVine, talks about the purpose and effect of capital markets for fintechs. He explains the process lenders go through when approving loans through different avenues and emphasizes the qualities fintechs should watch out for in funding partners.
When we talk about diversity, equity, and inclusion, or DEI, some leaders still roll their eyes or assume they have bigger fish to fry. But, happily, the trendline shows that companies that can move beyond diversity into true inclusivity experience sustained growth, higher performance, and more revenue. They are the ones harnessing more innovation, attracting top talent, getting more ideas and innovation from their people, and frankly, making smarter business decisions.Today, I talk to Gianna Driver about how DEI efforts support organizational goals and the link between DEI efforts and bottom-line performance. She shares how a company can make the leap from a diverse culture to a truly inclusive one in order to better enjoy those benefits. Gianna shares the ground rules you need to set to make DEI work, and how to be empathetic to - yet manage executive resistance to change. And we talk about her personal story growing up Filipino-American and how it shaped her passion for empowering people. Key Takeaways:People are at the heart and center of everything you do. If you are trying to make a change in your organization, you need to remember that. Healthy relationships have conflict. What matters is not the existence of conflict, but how individuals resolve conflict; the same is true of organizations.We do not leave our humanity at the door when we come to work. Employees need to be treated as humans with respect and multiple facets of their lives. When employees thrive, they bring their best selves to work and have higher performance as a result. "Conflict is necessary for high performance and innovation. What differentiates are those organizations who have found ways to create spaces where people can respectfully and healthfully disagree and come up with better solutions together." — Gianna Driver About Gianna Driver, CHRO, ExabeamGianna Driver is Chief Human Resources Officer (CHRO) at Exabeam, a global cybersecurity leader that adds intelligence to every IT and security stack. As CHRO, Driver manages the strategy and processes related to building, investing in, and retaining top talent at Exabeam, enabling employees to do their best work. She is responsible for architecting the company's talent strategy, driving corporate culture and diversity, equity and inclusion (DEI) initiatives, and leading the global human resources function. Prior to Exabeam, Driver was the Chief People Officer at BlueVine, a private fin-tech company based in Redwood City, CA. Driver has also led HR and People functions in high-growth technology, gaming, consumer, and SaaS organizations including Playstudios, Aristocrat, Actian Corporation, Talend, and Balsam Brands. She is passionate about building high-performance cultures, establishing operational excellence, and creating joy at work. Driver is a graduate of The Wharton School of the University of Pennsylvania.References MentionedThe Empathy Edge podcast: M.E. Hart: How to Have Honest Conversations at WorkConnect with Gianna DriverWebsite: https://exabeam.comLinkedIn: https://www.linkedin.com/in/gianna-driver-6183391/ Don't forget to download your free guide! Discover The 5 Business Benefits of Empathy: http://red-slice.com/business-benefits-empathy Connect with Maria: Get the podcast and book: TheEmpathyEdge.comLearn more about Maria and her work: Red-Slice.comHire Maria to speak at your next event: Red-Slice.com/Speaker-Maria-RossTake my LinkedIn Learning Course! Leading with EmpathyLinkedIn: Maria RossInstagram: @redslicemariaTwitter: @redsliceFacebook: Red Slice
When we talk about diversity, equity, and inclusion, or DEI, some leaders still roll their eyes or assume they have bigger fish to fry. But, happily, the trendline shows that companies that can move beyond diversity into true inclusivity experience sustained growth, higher performance, and more revenue. They are the ones harnessing more innovation, attracting top talent, getting more ideas and innovation from their people, and frankly, making smarter business decisions.Today, I talk to Gianna Driver about how DEI efforts support organizational goals and the link between DEI efforts and bottom-line performance. She shares how a company can make the leap from a diverse culture to a truly inclusive one in order to better enjoy those benefits. Gianna shares the ground rules you need to set to make DEI work, and how to be empathetic to - yet manage executive resistance to change. And we talk about her personal story growing up Filipino-American and how it shaped her passion for empowering people. Key Takeaways:People are at the heart and center of everything you do. If you are trying to make a change in your organization, you need to remember that. Healthy relationships have conflict. What matters is not the existence of conflict, but how individuals resolve conflict; the same is true of organizations.We do not leave our humanity at the door when we come to work. Employees need to be treated as humans with respect and multiple facets of their lives. When employees thrive, they bring their best selves to work and have higher performance as a result. "Conflict is necessary for high performance and innovation. What differentiates are those organizations who have found ways to create spaces where people can respectfully and healthfully disagree and come up with better solutions together." — Gianna Driver About Gianna Driver, CHRO, ExabeamGianna Driver is Chief Human Resources Officer (CHRO) at Exabeam, a global cybersecurity leader that adds intelligence to every IT and security stack. As CHRO, Driver manages the strategy and processes related to building, investing in, and retaining top talent at Exabeam, enabling employees to do their best work. She is responsible for architecting the company's talent strategy, driving corporate culture and diversity, equity and inclusion (DEI) initiatives, and leading the global human resources function. Prior to Exabeam, Driver was the Chief People Officer at BlueVine, a private fin-tech company based in Redwood City, CA. Driver has also led HR and People functions in high-growth technology, gaming, consumer, and SaaS organizations including Playstudios, Aristocrat, Actian Corporation, Talend, and Balsam Brands. She is passionate about building high-performance cultures, establishing operational excellence, and creating joy at work. Driver is a graduate of The Wharton School of the University of Pennsylvania.References MentionedThe Empathy Edge podcast: M.E. Hart: How to Have Honest Conversations at WorkConnect with Gianna DriverWebsite: https://exabeam.comLinkedIn: https://www.linkedin.com/in/gianna-driver-6183391/ Don't forget to download your free guide! Discover The 5 Business Benefits of Empathy: http://red-slice.com/business-benefits-empathy Connect with Maria: Get the podcast and book: TheEmpathyEdge.comLearn more about Maria and her work: Red-Slice.comHire Maria to speak at your next event: Red-Slice.com/Speaker-Maria-RossTake my LinkedIn Learning Course! Leading with EmpathyLinkedIn: Maria RossInstagram: @redslicemariaTwitter: @redsliceFacebook: Red Slice
Welcome back to the Power of Payments podcast. I'm your host Ismail Umar, and today, I'm joined by Brad Brodigan, managing director and global head of SMB payments at Chase. Brad says he has a passion for working at the intersection of payments, technology, and small business. He's spent the last 15 years using innovations in payments technology to provide SMB owners with more efficient ways of running their business. Over the last decade, Brad has held a variety of roles at firms including PayPal, Dosh, and BlueVine. In our conversation today, Brad discusses the most important trends he's seeing in SMB payments right now, the kinds of attributes that SMBs look for in a payment processor, and how their needs differ from those of enterprises and retail customers. He also talks about how current macroeconomic challenges are affecting the demands and expectations that small business owners have from their financial providers.
Things were going downhill for David Quinn when he met his future wife—or such might be the obvious punchline to punctuate Quinn's disclosure that he met his wife on a ski vacation. Still, Quinn lets us know that the timing of his match being made was in sync with the escalating financial crisis of the late 2000s—a grim environment that quickly fogged over the career trajectories of many banking executives. Quinn, who was then head of FP&A for Citigroup's UK retail banking operations, found that the timing of the growing crisis was to exact a stiff price. Along with five other “handpicked” Citigroup executives, he had recently completed an executive MBA program specially designed by Citigroup to springboard the bank's next generation of leaders into upper management roles. However, regardless of the degree status of its targets, Citigroup's leadership development effort suddenly lost its spring. “For me, the promised leadership role turned out to be CFO of Norway, which was not a big business for Citigroup at the time and at best would have been a sidestep,” comments Quinn, who opted instead to leave Citigroup and subsequently move to the United States with his new American fiancée. Quinn doesn't appear to have ever second-guessed his paucity of aspiration to be CFO of Norway. In September of 2009, he accepted a position with Bank of the West, where within only a few months he was appointed head of FP&A. Despite his successful employment transition, Quinn still seems mindful of the economic uncertainty that gripped the late 2000s. In fact, he recalls staring down on San Francisco Bay from Bank of the West's boardroom one day while the bank's CFO, sitting across from him, tried to “sell him” on joining the bank. Says Quinn: “My feeling at the time was that I just needed a job.” –Jack Sweeney
ניר קלר הוא ה-CTO ואחד המייסדים של חברת Bluevine, שגייסה כבר יותר ממאה מיליון דולר ורשמה הכנסות מרשימות בתשע השנים מאז היווסדה. בתחילת הדרך החברה עסקה במתן אשראי כנגד חשבוניות ובשנים האחרונות מתמקדים בשירותים בנקאים מלאים לעסקים קטנים ובינוניים בארצות הברית. על מה דיברנו: פאקטורינ, בנקאות, יזמות, התבגרות כחברה, Bluevine, מתחרים, פוקוס, מכפילים על ההכנסה, ניווט בשוק גועש, בחירות טכנולוגיות נותני החסות לפרק: סוכנות הקריאייטיב וידאו Space Cat
This episode features an interview with David Quinn, CFO at BlueVine. BlueVine provides small and medium-sized business owners with the working capital they need to run and grow their businesses. David has more than 25 years of global experience in banking and finance. Prior to BlueVine, David served as Commercial Bank Chief Financial Officer at Silicon Valley Bank. He also served as Executive Vice President and Consumer Bank Chief Financial Officer at Bank of the West. David has held senior leadership positions at Citibank, Morgan Stanley, and Lehman Brothers in the UK. On this episode, David discusses modernizing your technology to work for you, the benefits of using third party software instead of building in-house, and making your business unattractive to fraudsters.Quotes*”There's only so much the textbooks can teach you about finance. The rest is on the job learning. And it always makes me smile - you think people have got it all. They come out of their MBA. They have all of the education, but you have none of the tangible. Navigating an economy like this is really tricky.”*”From a finance perspective, we've really grown up historically by buying bits of technology and then retrofitting our data for that technology. And often, what I've seen is we don't maximize the full benefits. We buy something off the shelf. Best case, we configure our data. Worst case, we customize everything. And that makes it really, really difficult down the line when you are looking to do anything on top of it if you've heavily customized your system. There's a great opportunity to hit reset on that.”*”We don't build everything. You build where you think you have a competitive advantage. And for us, a lot of the data that we have specifically to our clients, we can use that to enhance and enrich it to go and deliver better services to them. But when it comes to things like treasury management, looking at daily deposits, inflows, outflows, how you bring that together in an asset liability management system. Looking at interest forecasting, for example, those are very specialist areas. That's not where we are focused. I would absolutely engage with third party software to manage that.”*”You just have to make yourself the least attractive for fraud from an external perspective. Internal is slightly different. And to do that, you need strong systems right across the board, strong data health checks, a strong understanding of where you have any gaps. And you need to be able to close them quickly. You need good QA testing, you need great product requirements. And I think importantly, you need to collaborate with other industry peers and share best practices. Fraud rings tend to bounce around the institutions. And so what you can learn from other institutions and put in place as protective measures quickly is important.”*”We have a significantly healthy balance sheet. But at the same time, you want to extend your runway as long as you can. Nobody really knows how long this emerging recession will last, how deep, how it's gonna bounce back. So you need to be prepared. You prepare for the worst, hope for the best. And so as we think about managing our liquidity and employment of technology, we focus on a few areas. One, we focus on how quickly our assets turn. So we're using it to understand what our pay down scenarios are, what our loss rates are, what the demand is on the front end. So getting a really good view of those is critical for us.”*”I think there is a broader role for CFOs outside of the financial services sector to be way more focused on getting value from the liquidity that they have trapped across all of their companies. But be them global or just international, how do you untrap that liquidity and maximize it? The data and technology combined together can help you do that.”Time Stamps[2:43] David's path to CFO[11:44] Cash Crossroads: How BlueVine uses technology to track and unlock liquidity[12:25] How the CFO acts as a strategic partner to the business[16:57] Using data to make better business decisions[23:00] Is it better to buy software or build it in-house?[37:14] The Playbook: Finance Strategy at BlueVine[27:47] The BlueVine approach to risk management[38:04] Report from the Future: What the future CFO will need to find success[41:00] Quick Hits: Rapid fire questions with David QuinnSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with David on LinkedInConnect with Daniel on LinkedInFollow Daniel on Twitter
A large number of fintech lenders launched in the early 2010s and some are reaching a significant scale today. It is interesting to see those that have stayed focused on lending and those that have expanded into adjacent areas of finance, offering a more full suite of banking services.Our next guest on the Fintech One-on-One podcast is Eyal Lifshitz, the CEO and Founder of BlueVine. They began life as a lender but Eyal's vision was always bigger than that. He sees BlueVine as providing the primary financial relationship for their small business customers, meeting all their needs in one platform.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes
There’s a lot of hype around AI—both its capabilities and the extreme predictions of its utility and potential harm to society. Our guest today is using AI to help reduce harm by detecting fraud at scale in the financial sector. Ronan Burke is Co-Founder and CEO of Inscribe, a platform that has a mission to save billions of dollars lost to fraud by onboarding trusted customers faster and finding bad-faith users quicker using AI.About Ronan Burke:Ronan Burke is the Co-Founder of Inscribe.ai, which he founded after graduating from University College in Dublin. He participated in YCS18 and Inscribe is trusted by companies like BlueVine, Petal, Fair, and Ramp, and backed by Y Combinator, Uncork Capital, Crosslink Capital, and Foundry Group.In this episode we discuss:01:37 Ronan’s path to founding Inscribe with his twin brother03:02 How they viewed startups growing up in Ireland04:44 Growing the startup ecosystem in Dublin05:20 The launch of Inscribe08:06 Deciding which brother was CTO and which was CEO09:52 Ronan experience at YC12:54 What fraud means to Inscribe and how the pandemic made their service even more urgently needed16:09 The ROI of Inscribe to onboarding customers and detecting fraud from preexisting customers19:29 The three steps Inscribe uses to validate customers21:54 How Inscribe searches the dark web for templates and other fraudulent activities23:33 How the volume of data helps their ML24:00 What a typical fraud case looks like25:28 The market size for fraud detection26:55 Competition to Inscribe28:00 What the sales process looks like when selling to large FinTechs30:19 Case studies for Inscribe31:53 How their fundraising process went33:23 Plans for the next few years34:20 Plans for a hybrid model workplaceFast FavoritesPodcastTim Ferris ShowNewsletter BlogSimon Taylor FinTech Brain FoodTech GadgetLogiTech Stream CamNew TrendHybrid WorkingBookPrincipalsLife LessonIf you care about something, double down on it.Follow Matt Cohen and Tank Talks here!Podcast production support provided by Agentbee.Agency This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com
Gianna Driver is Chief Human Resources Officer at Exabeam who was a student in Stew's Total Leadership class 20 years ago. After spending five years running a global fair trade organization, she went on to build a highly successful career in human resources and recently started a new job at a company that fights cybercrime. Gianna manages the strategy and processes for building, investing in, and retaining top talent at Exabeam, enabling employees to do their best work. Prior to Exabeam, she was the Chief People Officer at BlueVine, a private fintech company based in Redwood City, CA. Before BlueVine, Gianna led HR and People functions in high-growth technology, gaming, consumer, and SaaS organizations including Playstudios, Aristocrat, Actian Corporation, Talend, and Balsam Brands. In this episode, Stew talks with Gianna about her experiences growing up in Texas, daughter of a Philipine woman who was a mail-order bride, and how that shaped her experiences as an undergraduate student at The Wharton School. Gianna describes how her early life led her to want to have an impact through her work on valuing the humanity in each and every one of us. She describes the opportunities and challenges on her path to pursuing that ambition in her current role and in her life beyond work. Here then is an invitation for you, a challenge, after you've had a chance to listen to this episode. Think about your own history and your particular demographic characteristics – age, race, sexual orientation, etc. – and consider what is it about your particular mix that is distinctly valuable in the world of work. What do you discover by taking a few minutes to think about who you are? Share your reactions and suggestions for future shows with Stew by writing to him at friedman@wharton.upenn.edu or via LinkedIn. See acast.com/privacy for privacy and opt-out information.
The following was produced by Tearsheet Studios. We worked with small business lender BlueVine to produce a four part series on creating financial solutions serving historically underserved small businesses. In this episode, Tearsheet editor in chief Zack Miller spoke with Steve Allocca, COO of BlueVine, about the challenges and opportunities of building and scaling a customer-centric small business.
Step by step tutorial on how to create your business: 1. Make a free email address (we used Gmail) 2. Get a business phone number (we used Ooma Office & Tresta) 3. Get a virtual address (we used Ipostal1) 4. Apply for your EIN (IRS.gov) 5. Register your business with your state (this video shows Louisiana Secretary Of State and GeauxBiz). *Remember to consult with the appropriate tax professional on how should you file your business.* 6. Get a business bank account (we used BlueVine and NOVO) 7. Create a business website (we showed WIX and Shopify) 8. Register a domain for your business (we used Google Workspace) 9. List your business on Google (Google my business) 10. Make social media pages for your business to advertise (Facebook, Instagram, etc.) Build business credit and get business funding: https://www.youtube.com/watch?v=RcBisl5HPmw Website: www.StirgusCreditRepair.com Email: Info@StirgusCreditRepair.com Phone: 225-243-9700 (M-F 9am-6pm CT) Merchandise: www.StirgusCreditRepair.store Business Funding: www.StirgusFunding.com Facebook: https://www.facebook.com/StirgusCreditRepair/ Instagram: https://www.instagram.com/stirgus_credit_repair/ Youtube Channel: https://www.youtube.com/channel/UC3nZSspf2jn1ZX65a-6u6rg
In this episode of SaaS Connect by Cloud Software Association, Herman Man, VP of products and partnerships (Americas) at Xero at the time of this presentation and now chief product officer at BlueVine, talks about cloud and services and how SaaS can enable the success and transformation of SMBs. Xero, cloud accounting software, is very focused on small businesses and looks particularly at how to be the bridge that helps make small businesses successful. It's helped more than 1.2 million small businesses and boasts more than 600+ integrations. At Xero, when they talk with small business owners, they are always presented with two primary questions: Will my business survive? How do I actually grow my business? These are valid questions because statistics show that after five years, only 50% of businesses survive. Herman addresses how SaaS can help SMBs not only survive, but thrive. The discussion includes: Why small businesses matter (95% of companies in the US are small businesses). The SaaS SMB experience to date has not been ideal. Small businesses have had to contend with aging software, poor user experiences, and disjointed app experiences. Fintech entered as a way to innovate financing and banks but has not solved the problem because it's difficult for small businesses to acquire new customers, generate trust, and handle regulations such as GDPR. Keys for SaaS to address SMB concerns: Simplify financial management. Connect apps to make it easier for small businesses. Simplify workflows by connecting apps. Automate accounting. Integrate accounting with banking. Enable better access to capital. Create interoperability through standards. Teaser Tip: “To enable small businesses, we in SaaS need to build the interconnectedness between the apps that they use.” - Herman Man Resources Mentioned: Slack Microsoft Featurly Veem This presentation is from a SaaS conference in 2018. Thank you to our amazing podcast team at Content Allies. Want to launch your own B2B revenue-generating podcasts? Contact them at https://ContentAllies.com.
The following was produced by Tearsheet Studios. We worked with small business lender BlueVine to produce a four part series on creating financial solutions serving historically underserved small businesses. In this episode, Tearsheet editor in chief Zack Miller spoke with Herman Man, CPO of BlueVine, about the importance of customer-product fit, and what's next for digital-first banking solutions and the fintech ecosystem.
This episode is brought to you by SEON. Gil Rosenthal has had a front row seat to financial fraud online for the past 10 years of his career. His fraud career began at PayPal with an elite team of fraud-fighters in Tel Aviv, charged with preventing the high volume of fraud they experienced around 2010. He then moved to BlueVine, an online lender for businesses, where he worked his way up to VP of Risk Management. While at BlueVine, Gil was in charge of the risk management, as well as the operations processes for the roll-out of PPP (Paycheck Protection Program in the US), to help provide Billions of dollars of funds to small & medium businesses that needed the funds to continue paying their employees. It's been well documented that the entire PPP program resulted in >$76 Billion in fraud. It can be assumed that Gil & his team saw a lot of this, and stopped as much as they could. For the first time publicly, Gil shares what he can about this experience, the unique challenges he & his team faced in stopping fraudulent applications but also experienced the rewards of funding millions of businesses with needed funds to keep their businesses afloat. Now working as an adviser to high-growth Fintech companies, Gil has learned even more as he works with multiple clients to identify a myriad of fraud attempts in many forms. He shares with the Fraudology audience some of the keys to his success, and his methodology in working with some of the biggest targets of online fraud in the present day. But even more important, the perspective that fraud prevention is more about enabling a better customer experience when done right. Next week, Gil will join us for Part 2 of our conversation where we will "geek out" about the new approach fraudsters are taking to negatively impact the entire payments eco-system in different ways, and that often gets overlooked or coded as credit issues, instead of fraud. Merchants, fintech companies, banks, and card brands will want to listen to Part 2 as this "trend" is sure to exponentially grow in 2022. Connect with https://www.linkedin.com/in/gil-rosenthal/ (Gil) on LinkedIn. Be sure you're subscribed to the Fraudology podcast on your favorite podcast app so you'll be alerted as soon as the next episode is released. This podcast is sponsored by SEON. The modern fraud prevention solution used by the most ambitious FinTech names such as Revolut, Afterpay, and Wise. SEON is democratizing fraud fighting at scale. By offering a free trial, public-facing API references, no install or setup fees, and fully transparent pricing where you only pay for what you need, this puts cutting-edge risk tech into the hands of every online business. Visit http://www.seon.io/demo (www.seon.io/demo) for a free demo.
In today's episode, Chelsea shares a VERY honest year in review around her business. She walks through her top 10 learning lessons and adds context and transparency to each one: 1 - structure and systems create freedom 2 - just bc something doesn't work once doesn't mean it won't work again 3 - not every idea needs to be executed immediately 4 - don't try to be cheap and cut corners when hiring 5 - treat people and clients the way you want to be treated 6 - boundaries develop confidence 7 - focus on non-monetary wins just as much as monetary ones 8 - if you're not yourself, you'll hate your biz 9 - sometimes you need a specialist or consultant, not a coach 10 - memberships have been more valuable than high-ticket coaching in many areas of biz Resources, tools, and coaches/mentors Chelsea mentioned: Dubsado - invoicing, contracts, & scheduling software Calendly - scheduling software Bluevine - business checking The North Node Membership by Holisticism House of Wealth Embodiment Membership by Tori Washington Rachel Turner - Biz Coach Otty Mezin - Podcast Editor Zsofia Jarmay - Virtual Assistant To join the OPEN // 31 days of Presence Challenge, click HERE to download the app and join the challenge starting 1/1! Submit a question to the podcast for Chelsea to answer HERE. Want to start your own podcast? 1:1 podcast coaching is officially open to 3 spots! https://www.chelseariffe.com/1-1-podcast-coaching CONNECT WITH CHELSEA:
One of the major challenges in scaling digital finance solutions is handling old school paper. Even with all the automation and digitization, documents still need to be processed and in many cases, humans need to be looped in. Sam Bobley is the co-founder and CEO of Ocrolus, which works with firms like BlueVine, Brex, and PayPal to analyze financial documents in any format. Sam joins me on the podcast to talk about the challenges of balancing speed and accuracy in data extraction in fintech and how the Payroll Protection Program really highlighted the leaders in the space based on their ability to scale up quickly. Sam shares his view on what it takes for the financial industry to move beyond paper to a fully automated ecosystem. He also shares some insights on where he thinks the market is headed as well as Ocrolus' product road map. Sam Bobley is my guest today on the Tearsheet Podcast.
In the fourth episode of the Product Marketing Insider podcast, host Al Dea welcomes Anna Wiggins, Senior Director of Product Marketing at BlueVine, and discusses her product marketing journey, and her route to her current role at BlueVine.
The following was produced by Tearsheet Studios. We worked with small business lender BlueVine to produce a four part series on creating financial solutions serving historically underserved small businesses. In this episode, we spoke with the CEOs of both BlueVine and NEXT Insurance -- two companies founded on addressing the needs of small businesses, out of a recognition that small businesses make up a huge deal of the economy.
Welcome to Reimagining Company Culture, a series discussing emerging trends and priorities shaping the future of workplace culture and employee wellbeing. We highlight thought leaders who are constantly evolving their strategy and can provide insight to folks about how to address new business challenges. AllVoices is on a mission to create safe, happy, and healthy workplaces for all, and we're excited to learn from experts who share our mission.In this episode of Reimagining Company Culture, we're chatting with Gianna Driver, Chief People Officer at BlueVine. Gianna brings over 15 years of executive management experience in small, large, private, and public global companies and has a passion for helping organizations scale by creating diverse ecosystems that enable employees to unlock their full potential.About AllVoicesIn today's workforce, people often don't feel empowered to speak up and voice their opinions about workplace issues, including harassment, bias, and other culture issues. This prevents company leadership from making necessary changes, and prevents people from feeling fulfilled, recognized, and included at work. At AllVoices, we want to change that by providing a completely safe, anonymous way for people to report issues directly to company leaders. This allows company leadership real transparency into what's happening in their companies—and the motivation to address issues quickly. Our goal is to help create safer, more inclusive companies.To learn more about AllVoices visit us at www.allvoices.co!
The following was produced by Tearsheet Studios in partnership with small business lender BlueVine. It's Small Business Week, and BlueVine really wanted to highlight how it's helping small businesses, particularly around the paycheck protection program. Today, we're happy to have two guests with us: First, Eyal Lifshitz, CEO of BlueVine. Eyal is a third-generation small business entrepreneur who co-founded BlueVine to build a better financial future for small businesses Eyal is joined by one of his customers, Joy England of Advocates in Action. She talks about her experiences navigating through the pandemic as a small business and how firms like BlueVine helped SMBs with the PPP program, assisting in accessing needed funding during a trying time.
Historically, organizations have operated with an overly simplistic view of what motivates people. They had little understanding of how important belonging is, how to build esteem, or how important it is to be sensitive to individual needs. But if 2020 taught us anything, it's that we must be human first. We talked with Gianna Driver, Chief People Officer at BlueVine, about leading with compassion, empathy, and understanding. We also talked about: - What 2020 taught us about empathy and how to lean in to those lessons. - How to keep human first values top of mind as we go back to “the new normal.” - How to operationalize individual needs at scale. - What ingredients a culture needs to help its employees realize their potential. - How to train and practice core competencies like resilience. For the entire interview, subscribe to HR Superstars on Spotify, Apple Podcasts, or Stitcher. Or, tune in on our website.
This week’s HR Works 5 Minute Friday is part of the HR Daily Advisor’s HR Employee Benefits Week (https://interactive.blr.com/Employee-Benefits-Week-2021/schedule-2926SW-81071W.html) which takes place for the entire week of April 19th. We’ll be offering unique and exciting content every day of that week discussing, you guessed it, employee benefits. We’ll be examining everything from how the need for benefits has changed over the last year and why including which benefits don’t matter as much anymore and which new benefits are a must-have. We are pleased to kick off HR Employee Benefits Week with our guest Gianna Driver, Chief People Officer at BlueVine (https://www.bluevine.com/). If you enjoy this interview, get the rest of it on Monday, April 19th in our Faces of HR (https://hrdailyadvisor.blr.com/category/faces-of-hr/) column. Remember you can always follow us on Twitter at @HRWorksPodcast (https://bit.ly/3l0dzP3), and we are also now available on Spotify (http://spoti.fi/3t8of13) and Audible (http://adbl.co/30uhdaq).
A 3rd generation small business entrepreneur, Eyal co-founded BlueVine to provide businesses with an easier way to access financial services. Before BlueVine, he was a Principal at Greylock IL and an Associate at McKinsey. Eyal holds an MBA from the University of Chicago, where he was a Carlton Fellow.
If you are a musician with a gig-based income, you will likely qualify for some covid relief money from the federal government soon! Congress passed “The Consolidated Appropriations Act, 2021” on December 20. This act provides additional funds to the Paycheck Protection Program— the pandemic relief program administered by the US Small Business Administration (SBA). We are still waiting on more details for the new round of aid. In the mean time, here are some things you can do to get yourself in good shape to apply for a forgiveable loan. Follow the news around PPP loans and covid relief Start preparing your 2020 taxes. You will need info from both 2019 and 2020 in order to show loss of income due to the pandemic. Familiarize yourself with both Lendio and Bluevine websites so you are prepared to apply when the time comes. Links: Digestible info on The Consolidated Appropriations Act Lendio.com Bluevine.com Instagram post with more info from my experience applying for aid
In this episode I was speaking to Yoni, the CISO of Bluevine. Yoni has reflected on his own experience in maturing into the role of the CISO and outlined some facts about what's important to note when you run an information security operation in a the Fintech industry.Join us to learn more about Yoni CISO@BlueVine
As part of our BlueVine review series we're telling you about how we fixed our BlueVine account when they put everything ON HOLD. This was problem because we got locked out of around $80,000 and didn't have access to it for around a week. OUR COURSES ⭐ Membership Group: https://BuildAssetsOnline.com/Membership ⭐ Online Asset Playbook: https://BuildAssetsOnline.com/Playbook ABOUT US Joe and Mike Brusca own and operate a digital portfolio of over 10 websites including 4 high ticket dropshipping stores. The duo have created over 6 high ticket dropshipping stores, all in operation and profitable. 3 have been sold for a total of over $300,000K
As part of our BlueVine review series we're telling you about how we fixed our BlueVine account when they put everything ON HOLD. This was problem because we got locked out of around $80,000 and didn't have access to it for around a week. ELITE FLEET PLUS: https://www.buildassetsonline.com/elite-fleet-plus/ Use these coupon codes: YEARLY20 - for yearly 20LIFETIME - for lifetime
In this BlueVine Business Banking / Checking Review, we'll be telling you about our experience using BlueVine Business Checking. We'll get into exactly what happened to us when we started using BlueVine Business Bank and whether or not we're going to end up sticking with them. OUR COURSES ⭐ Membership Group: https://BuildAssetsOnline.com/Membership ⭐ Online Asset Playbook: https://BuildAssetsOnline.com/Playbook ABOUT US Joe and Mike Brusca own and operate a digital portfolio of over 10 websites including 4 high ticket dropshipping stores. The duo have created over 6 high ticket dropshipping stores, all in operation and profitable. 3 have been sold for a total of over $300,000K
In this BlueVine Business Banking / Checking Review, we'll be telling you about our experience using BlueVine Business Checking. We'll get into exactly what happened to us when we started using BlueVine Business Bank and whether or not we're going to end up sticking with them. ELITE FLEET PLUS: https://www.buildassetsonline.com/elite-fleet-plus/ Use these coupon codes: YEARLY20 - for yearly 20LIFETIME - for lifetime
Welcome to the Tearsheet Podcast. I’m Zack Miller. BlueVine’s roots are in digital lending to small businesses. Beginning with a factoring product, the company moved into lines of credit. And when PPP rolled out at the beginning of the pandemic, the company ended up helping 155,000 SMBs receive over $4.5 billion in assistance. As the company has matured, it’s also introduced business banking. Freshly appointed chief marketing officer, Patrick Adams joins us on the podcast today to talk about BlueVine’s trajectory into banking. Adams was most recently the head of US marketing at PayPal after stints running marketing at Victoria’s Secret and BMG. He is juiced on the potential the firm has to go deeper into solving the pain points in SMB banking and we talk about his plans to grow and expand the business. Patrick Adams is my guest today on the Tearsheet Podcast.
CORRECTION: At the 10:18 minute mark, I misspoke and said you should take $56,000 and multiply it by 12. That should say DIVIDE by 12. My math is correct in the episode; I just misspoke. Sorry about that! In today’s episode I outline my experience with the U.S. Paycheck Protection Program—known as the PPP loan program—and encourage you to consider applying for a loan if you have been hurt financially by the pandemic. DISCLAIMER: I am not a lawyer, accountant/CPA, financial services adviser or any other financial expert related to the PPP program. I am solely providing you my experience with the program and offering some things for you to consider. You should doublecheck all information with an expert and do your own research. Sole proprietors are allowed to apply for a PPP loan at about a maximum of $20,000, depending on how much you earned in 2019. The process to have your entire loan forgiven is fairly straightforward if you are a sole proprietor. This effectively turns the PPP loan into a grant that you do not have to pay back. Even if you do have to pay back part or all of the loan, the interest rate is only 1%. You may have heard in the beginning of the PPP program that it was hard to get a loan. I cannot speak to whether that is still the case for each individual sole proprietor, but there is a lot of money left in the program and the federal government is concerned that people are not applying. As of July 6, $130 billion was still available for businesses and sole proprietors. First, let’s talk about applying for the loan. Initially, it appeared to be difficult for people to get these loans. In fact, sole proprietors often faced a burden from their own banks because in the beginning major banks issued their own requirement that you had to have a business checking account with them. And many freelancers do not have that. You should check first with your own bank to see if that is still the case and if you can apply through that bank. If not, there are other options, such as Kabbage, PayPal, BlueVine and others. You are only allowed to have one PPP loan. This is important. I encourage you to NOT apply for more than one loan at a time, thinking you can just refuse one of the loans if you are offered more than one. I tried this and the Small Business Administration (SBA) had a glitch that did not flag my Social Security number showing that I had already received a loan approval. So, I was approved for two loans, and it took over a month to work out with one of the lenders how to send back the money back and get it all straightened out with the SBA. To avoid all that, my biggest advice is DO NOT apply for more than one loan at a time. One of the biggest considerations of whether you should apply for the loan is how much money you made in 2019. The loan amount is supposed to cover paychecks. For you as a sole proprietor, you don’t have employees. So, that means your own income. If you did not make much money in 2019, it might not be worth applying for the loan. The loan application MUST be based on the Schedule C form for your 2019 taxes. On your 2019 Schedule C, look at your net profit on line 31. If that number is under $100,000 use whatever that number is. If it’s over $100,000, you have to use $100,000. The PPP has a $100,000 cap. Take that number, whatever yours is, and divide it by 12 to get a monthly total. Then, you multiply that number by 2.5. That is the amount of the loan you are requesting. The paperwork to apply was fairly easy. I did the entire process in a few hours. I had to scan copies of all the 1099s I received for 2019 work and put them into one pdf to submit with the application. I also had to send in a photocopy of my driver’s license and copies of bank statements, which I easily downloaded online. Let’s talk about loan forgiveness. The government has changed a few rules since March, actually making the process easier and better for sole proprietors. The loan forgiveness timeline was eight weeks. Now, you can choose to wait for 24 weeks, which means there is a greater chance you’ll have the entire loan forgiven. To have your loan forgiven, you do have to officially ask your lender. The SBA has created an easier form to do this, called the 3508EZ form. My CPA recommended that to easily show my PPP lender how I was spending the money, I write myself four checks over the next eight weeks, so one check every two weeks, just like a paycheck. I divided my loan by four and I now write myself a check for $5,208 from my checking account that received the loan into my personal account. He recommended I do this process of writing physical checks, rather than just transferring the money electronically, so that we could easily show photocopies of the check to my lender when asking for forgiveness. Your CPA might have a different solution, so be sure to ask an expert. Also know that you cannot get the PPP loan if you are getting unemployment. You can’t have both. There’s also another loan program called the EIDL, or economic injury disaster loan, through the SBA. That is a true loan program that you have to pay back. You can have both the EIDL and a PPP loan, but you have to be able to show that the money went for separate areas of your business. I don’t know much about the EIDL, so be sure to do your research and talk to an expert to learn more about that program. Biz Bite: Create a Power Hour After List The Bookshelf: “Born a Crime: Stories From a South African Childhood” by Trevor Noah Resources: Trump signs extension of PPP small business coronavirus relief fund Tax Deductions For Paycheck Protection Expenses Remain In Doubt Loan forgiveness form: 3508EZ
Welcome to the Tearsheet Podcast. I’m Zack Miller. One of the most exciting stories of this generation of fintech firms is Galileo. Recently acquired by SoFi for $1.2 billion, Galileo now provides the payments and banking backbone via APIs to many of the top names in the game — Chime, TransferWise, Robinhood and Bluevine. Firms like these use Galileo to open accounts and issue cards. Clay Wilkes founded Galileo 20 years ago and continues to lead the company today. He joins us on the podcast today to talk about why his firm is seeing so much interest from companies across industries that want to launch financial products. Clay describes the genesis story behind Galileo and what the early opportunities were for the problems he was attempting to solve. He describes the evolution of the platform, as financial services have matured. Clay dives into the use cases for his customers and lastly, he talks about the product and corporate strategy pipeline he’s got lined up for the near future. Clay Wilkes is my guest today on the Tearsheet Podcast
Brendan gives his opinion on why UFC 249 Khabib Nurmagomedov vs Tony Ferguson should be postponed and talks UFC and Endeavor's huge financial struggles amidst the global pandemic, Sugar Sean O'malley and Chase Hooper's Tony Ferguson inspired training videos, Khabib moving from AKA in San Jose back to Russia, Colby Covington issuing an apology to Dustin Poirier, updates on Conor McGregor, Floyd Mayweather, Daniel Cormier, Todd Duffee and Darren Till, fan questions and much more.1. Raycon - https://buyraycon.com/btb2. BlueVine - https://getbluevine.com/beltSee omnystudio.com/listener for privacy information.
Brendan gives his opinion on why UFC 249 Khabib Nurmagomedov vs Tony Ferguson should be postponed and talks UFC and Endeavor's huge financial struggles amidst the global pandemic, Sugar Sean O'malley and Chase Hooper's Tony Ferguson inspired training videos, Khabib moving from AKA in San Jose back to Russia, Colby Covington issuing an apology to Dustin Poirier, updates on Conor McGregor, Floyd Mayweather, Daniel Cormier, Todd Duffee and Darren Till, fan questions and much more.1. Raycon - https://buyraycon.com/btb2. BlueVine - https://getbluevine.com/belt
Employee Cycle: Human Resources (HR) podcast about HR trends, HR tech & HR analytics
Listen to Maya Ram, Head of Talent at BlueVine, discuss the experience, benefits, and unique challenges of being an HR leader in the tech space. What you’ll learn from this episode: What are the main differences being a HR leader in the tech industry versus other industries. How do HR leaders in tech typically need […]
Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech. You can subscribe to this podcast and stay up to date on all the stories here on iTunes, Google Play, Stitcher, Spotify and iHeartRadio. In this episode the host John Siracusa chats with Sam Bobley, Co-founder and CEO of Ocrolus. Ocrolus analyzes financial documents, regardless of format and quality, with over 99% accuracy. Today, they work with brands such as Ondeck, BlueVine, Funding Circle, Enova, Sofi, Lending Club, Upgrade and many others. How Sam realized the model of Ocrolus was quite surprising. Have you ever gone to a website and confirmed that you’re not a robot? Of course you have, but what you're also doing is helping Google digitize millions of books. By choosing pictures with fences in it or typing out the words in an image you’re also helping train Google's AI simultaneously as you confirm you’re not a robot. Sam shares the origin story of Ocrolus from his father's influence and how everything changed once QED invested in their A round. Tune in and Listen. Subscribe now on iTunes, Google , Stitcher, Spotify and iHeartRadio to hear Thursday’s all new episode with Mazy Dar from OpenFin. About the host: John, is the host of the ‘Bank On It’ podcast recorded onsite in Wall Street at Carpenter Group, and 'Before the A' podcast recorded onsite in Flat Iron at Barclays/Techstars Rise NYC. He’s a highly sought after fintech, VC and financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry. Stay in the fintech know by subscribing to ‘Bank On It’, ‘Before the A’ Follow John on LinkedIn, Twitter, Medium
All the news that's fit to account for, including: Bill.com files for $100M IPO; Sage releases their full year 2019 results; Intuit releases Q1 earnings; Bench partners with Taxfyle for monthly, fixed-fee books-to-tax service; BlueVine raises $102.5M; LeaseQuery raises $40M Series A; why chrome extensions might be your biggest security threat as an accountant or bookkeeper; Canopy bails on its Tax Prep product; Scaling New Heights Online fails; California has a plan to retroactively collect sales tax from out of state online retailers; and more!
In today's payments news, BlueVine has named Brad Brodigan as chief commercial officer, and EBA CLEARING is working to launch a new R2P solution.
פודקאסט מספר 376 של רברס עם פלטפורמה - אורי ורן מארחים בכרכור (עדיין חם, עדיין אוגוסט, עדיין חופש גדול, עדיין מטפסים על הקירות עד החופש בספטמבר) את רם רחום לשיחה על (בעיקר) פרויקט פופולארי בשם PySnooper (כן, זה קשור ל Python), וגם על צבים בערב הסעודית, דגים ועל לחשוב כמו ילדים (לא בהכרח קשור ל Python).רם -אנשים בעיקר מכירים אותי כמתכנת Python, עבדתי בכל מיני חברות שונות ותמיד הקפדתי לעבוד עם Python - להיכנס מאוד לעומק ולהכיר את השפהפעיל בקהילת הקוד הפתוח - מארגן כנס (Meetup) שנקרא PyWeb-IL - מתעסק ב Python וב - Web ועוד כל מיני נושאים (נפגשים פעם בחודשיים בתל אביב).הגרסא הגדולה של זה היא PyCon . . . מתכנת מאז שאני ילד, עברתי בתעשייה בכל מיני חברות - גם כפרילאנסר וגם בחברות גדולות יותר, כבר 10 שניםבהתחלה הייתי עובד יותר מהבית (סטארטאפים וכל מיני כאלה)לפני כ-4 שנים התחלתי לעבוד בחברה גדולה (סטארטאפ ישראלי שנקנה ע”י אחת החברות הגדולות - Google it אם ממש בא לכם לבדוק) - זו הייתה “החברה הגדולה הראשונה שלי”סיימתי שם לפני כמה חודשים ומאז עשיתי כל מיני עבודות Freelance והדרכות - ועכשיו התחלתי לעבוד ב - BlueVine - חברת FinTech בתל אביב.שתי מילים על BlueVine אז BlueVine עוסקת במתן הלוואות לעסקים באמריקה (ארה”ב) - עסקים קטנים מבקשים הלוואה וצריך מישהו שיעריך את הסיכון, סיכוי להחזר הלוואה ובהתאם - איזו ריבית אפשר להציע להםומי הלקוחות - בנקים או מלווים שונים?יש כל מיני 3rd-parties שמציעים את ההלוואת בשם BlueVineמה שהפתיע אותי (לעומת מה שחשבתי כשבאתי להתראיין, שזה בגדול שנותנים שירות לאיזשהו בנק) זה ש-BlueVine זה הבנק - עשו Debt Financing, יש “כמות עצומה של כסף” ונותנים את ההלוואות מהכסף של החברה (של המשקיעים). בגדול - אני עובד בבנק.יש לא מעט חברות Fin-Tech בסגנון - מגייסות קרן אחת “אופרטיבית” וקרן נוספת שהיא, ובכן - “הקרן” (המשקיעה)יש מודל דומה(?) ב - Lemonade למשל, זה מודל שהוא יחסית מקובל.אז אנחנו מניחים שעל מנת לתת הלוואת בחוכמה צריך הרבה Data - וצריך לדעת איך לנתח אותו, אז בטח משתמשים ב -Python גם שם.שנייה לפני - האם זה באמת “הרבה דאטה”? יש הרבה מאוד עסקים קטנים אבל זה עדיין . . .לא מכיר עד הסוף את החברה עדיין, לא יודעמה שכן אני יודע - אנחנו מגייסים!בפיתוח, QA, פרודקט, Data Science, ועודרוצים לעזור לרם להרוויח מענק חבר-מביא-חבר? תהיו חברים :-). אפשר לשלוח קו”ח ל-ram@rachum.comהחברה ממוקמת בתל אביב, בניין אלון 1 (על רחוב יגאל אלון)ולסיפור העיקרי - לפני חודשיים-שלושה הוצאת כלי Open Source שהגיע להיות מספר 1 גם ב - GitHub Tending וגם ב - Hacker News - שזה משהו שלא קורה הרבה, חייבים להגיד: די נדיר שכלי מגיע להיות מספר 1 בשני המקומות, ובטח שאין הרבה ישראלים שלהם זה קרה.בוא תעביר אותנו סביב הסיפור וסביב החוויה - מה זה הכלי הזה? איך היה לך כזה “פוקס”? :-)“חצי מזה זה באמת מזל” . . . ב-10 שנים שבהן אני מפתח (כמקצוע) עשיתי הרבה פעמים פרוייקטים בקוד פתוח (אפשר לראות אסופה של פרוייקטים שעשיתי בפרופיל שלי בגיטהאב) - ורובם לא הגיעו לשום מקום.היה עוד אחד שהגיע למשהו מרשים - PythonTurtle - נדבר עליו אחר כך.ועכשיו ל PySnooper - מה הוא נותן?אני מאוד אוהב להשתמש ב - Debuggers. כשאתה מתכנת - בחצי מהזמן אתה בכלל מנסה להבין מה הקוד עושה לעומת מה שהוא אמור היה (לדעתך) לעשות - נראה שהוא אמור לעשות את “הדבר הנכון” אבל במקום זה יש Bug ואתה רוצה להבין מה קורה שם.אני מתכנת מאז שאני ילד, ותמיד נראה לי הגיוני להשתמש ב - Debugger: אתה מוסיף Break Point באיזו שורה, והקוד עוצר שם - ואתה יכול לשאול מה קורה שם (מה הערך של המשתנים, להריץ פונקציה וכו’). זה כלי שאני רואה אותו כחלק אינטגלי מתכנות.ואז התחלתי לעבוד בתעשייה - וראיתי שאנשים פשוט לא משתמשים ב - Debugger . . . זה מאוד הפתיע אותי - מתכנתים מקצועיים, שמקבלים הרבה כסף (!) ועובדים על דברים מאוד חשובים (!!), פשוט “תוקעים שורות Print” כשהם רוצים לדעת מה קורה, ואין להם את היכולת “לעשות Pause” בנקודה כלשהי, פשוט כאשר רוצים לדעת מה הערך של משתנה בנקודה מסויימת הם מוסיפים Print ולאחר מכן קוראים את הלוג.אז הקושי שראית הוא שבמקום לפתוח Debugger פשוט מוסיפים פקודות Print . . . אבל Debuggers זה משהו שיש (קיים), אז למה זה קורה?בוא נגיד שאתה עובד בבית על הפרויקט החמוד שלך - אתה כן פותח את ה - Debugger, יוצר קובץ, כותב קוד, Break-points וכו’ - אבל אתה בדר”כ לא בבית אלא בחברה, והקוד לא רץ על המכונה שלך אלא על איזשהו שרת חיצוני או ב - Docker או Vagrant או כל Setup מורכב אחר - ומסובך לחבר את ה - Debugger שלך לזה . . .ה - Debugger הוא כלי אינטראקטיבי, שצריך “לתקשר עם הקוד” - מתי לעצור, מתי להמשיך, מתי אני רוצה משהו אחר - צריך לקנפג אותו, ורוב האנשים לא עושים את העבודה הזו.זה די טכני, ואולי זה סוג של קוצר-רואי אבל עדיין לא עושים את זה - מבזבזים כל כך הרבה זמן כי לא רוצים להשקיע את המאמץ בלקנפג את זה, ומשתמשים בשיטה “החוראנית”.אז אמרתי - “אוקיי, בוא נראה אם אני יכול לעשות משהו שהוא “חוראני+” - משהו באמצע שבין השיטה החוראנית לבין Debugger.משהו שיותר “מפנק” מה - Prints ,אבל שלא צריך לקנפג - כי שיטת ה Prints מאוד מתסכלת: צריך להחליט איפה לשים את ה - Print בקוד ולהחליט מה אתה רוצה לראות מראש - ואז צריך לעשות Build (שלוקח זמן), ואחרי שאתה רואה את הפלט עדיין צריך לנחש ממנו מה קרה, ולפעמים להבין שאולי צריך לשים את ה - Print במקום אחר או להראות משתנה אחר - Back & Forth נוראי (הנה אחד לא נוראי).מה שעשיתי זה פרויקט בשם PySnooper - מוסיף Decorator לפונקציה, שורה בקוד שאומרת ל-Python “שים לב! בפונקציה הזו על כל שורה שרצה תכתוב ללוג שעכשיו השורה הזו רצה, המשתנה X=7 והמשתנה y=14” וכו’ - מעיין לוג אוטומטי של כל מה שקרה בפונקציה, קצת כמו לשים אוטומטית שורות Print בכל מקום.ולגבי Decorator ב-Python למי שלא מכיר - זו בעצם “פונקציה שעוטפת פונקציה”האמת שאני לא חושב על זה ככה (אני גם מלמד Python, אז יש לי הרבה ניסיון בלהסביר לאנשים מה זה) - אני חושב על זה יותר כעל דרך “לשפצר” פונקציה: מעיין שורת הדרכה שאתה מוסיף ואומרת ל-Python “שים לב - תן לפונקציה הזו טיפול מיוחד, כמו שאני מבקש”.ברמה הסמנטית זה בא “לעטר” את הפונקציה (“לעשות לה Decorate”, לא כזה); ברמה הטכנית זה ממש פונקציה שעוטפת פונקציה, ויכולה לקבל אותה כרפרנס ולהריץ אותו - וזה מה שמאפשר לעשות את כל הדברים האלה.זה לא יוצר לוג ענק?כן . . . זאת אומרת - תלוי כמה שורות יש בפונקציה: זה עובר רק על הפונקציה “שעיטרת”.רן שמע בבוקר פודקאסטים על תנ”ך אז צפי לעוד כמה מושגים בהמשך (או ל-Follow up ב-1 באפריל על המשך עלילות Werner Vogels והחזרה בתשובה).אתה רואה שורות לוג רק על הקוד שבפונקציה “שעיטרת” - אם הפונקציה הזו קראה לפונקציה אחרת, לא תראה שורות לוג עליה (אלא אם תשתמש ב Argument הידוע Depth = 2 …)ואם הפונקציה שלי גדולה, ויש בה כמה לולאות . . .אתה עלול לראות כמה אלפי שורות קוד ב - Log.אוקיי - אז יש לך מלא לוגים. מה אתה עושה עם כל הטוב הזה?
Eyal Lifshitz is the co-founder and CEO of BlueVine which provides small and medium-sized businesses with access to fast and simple financial products through an advanced, online platform. The company has raised $140 million in equity capital and over $400 million in debt financing. Its investors include the likes of M12 (Microsoft), Citi Ventures, Menlo Ventures, and Lightspeed Venture Partners – to name a few. Before BlueVine, Eyal was a principal at Greylock Partners' where he invested over $100 million in capital in start-up companies.
Eyal Lifshitz is the co-founder and CEO of BlueVine which provides small and medium-sized businesses with access to fast and simple financial products through an advanced, online platform. The company has raised $140 million in equity capital and over $400 million in debt financing. Its investors include the likes of M12 (Microsoft), Citi Ventures, Menlo Ventures, and Lightspeed Venture Partners – to name a few. Before BlueVine, Eyal was a principal at Greylock Partners’ where he invested over $100 million in capital in start-up companies.
How SME Lenders are Applying AI in Underwriting Prashant Fuloria, FundBox Ido Lustig, BlueVine Asher Hochberg, CircleUp Kedar Samant, Simility, a PayPal Service Moderator: Rivka Gewirtz Little, IDC
Welcome to episode 3 of the Tearsheet Lending Podcast with your hosts Zack Miller and Dan Pelberg. This week on the show we review Tearsheet's webinar with leaders at Kabbage, BlueVine, and Intuit's QuickBooks Capital. All three lenders use smart partnership strategies to continue to scale their businesses: https://tearsheet.co/online-lenders/forget-about-digital-marketing-smb-lenders-double-down-on-partnerships-for-growth/ Dan spoke about a new whitepaper that the Lendit team released about Lending as a Service. SMB lending appears ripe for LaaS providers to step in and service a challenging segment. Source: https://www.lendacademy.com/new-lending-as-a-service-white-paper-released/ Next, Zack and Dan discuss JPM Chase's intentions and offering in the POS lending space. Source: https://www.forbes.com/sites/ronshevlin/2019/03/04/jpmorgan-chase-enters-a-hot-fintech-space-point-of-sale-pos-financing/#15919a9af158 Every few months, someone writes an article to scare everyone that the tech giants are entering financial services. This time, it was about Google and Amazon entering mortgages. Source: https://www.nationalmortgagenews.com/list/will-amazon-create-prime-competition-for-mortgage-lenders Next, Dan talks about an article he wrote for Tearsheet about decentralized credit scoring: https://tearsheet.co/wtf/wtf-is-decentralized-credit-scoring/ . Dan's excited about what this model means for scoring and extending credit to low and middle income Americans. Auto lending also appears to be ripe for this, too. Lastly, your hosts discuss banking's branchpocalypse. In spite of JPM's recent announcement that they are opening branches in 2019, most banks are shuttering them. And that's not good for certain neighborhoods. Source: https://www.latimes.com/business/la-fi-bank-branches-low-income-20190311-story.html
The world of lending has forever changed; but I guess money has changed too. We now send it and receive it in an instant and access to capital has never been faster or easier. Today on Radio Ignite Live we’ll discuss the world of Alternative Lending with companies like Bluevine, Kabbage, LoanMe, Can Capital, Paypal Working Capital, Paypal Business Loans (formerly Swift), and the discussion wouldn’t be complete without touching on Klarna and Affirm, instant checkout lenders.
In this episode of the Fintech Focus podcast, we chat with Ana Sirbu, Chief Financial Officer of BlueVine. Ana previously worked at UBS and Google Capital where she headed up fintech investing, which got her introduced to her new company, a fintech lender that focuses on offering financing for small- and medium-sized companies. It was a bit of a leap for Sirbu, going from Google to a somewhat unknown specialized fintech lender. Now, BlueVine works with more than 10,000 businesses, offering more than $1 billion in loans. Listen to the podcast below to understand her motivation behind the switch. ----- Links: BlueVine: [https://www.bluevine.com](https://www.bluevine.com) Benzinga Fintech Focus Newsletter: [https://www.benzinga.com/fintech-focus/newsletter](https://www.benzinga.com/fintech-focus/newsletter) Benzinga Pro: [http://try.benzingapro.com/](http://try.benzingapro.com/)
Money matters to small businesses. Working capital can be hard to secure when operating a small business and BlueVine is helping to change that. In our interview with Eyal Lifshitz from BlueVine, a FinTech company specializing in providing fast funding to small businesses, we talk about how they are passionate about helping customers and how their industry is evolving.
Today's interview is with Eyal Lifshitz. Eyal is a third generation entrepreneur who has seen first hand the challenges small businesses face in building a company from the group up. His father ran his own small physical therapy clinic in New York, while his grandfather was an electrical supplies store owner in Israel. Eyal was a Principal at Greylock IL, Greylock Partners’ dedicated fund for Israel and Europe, where he was involved in investing over $100 million in capital in start-up companies. Eyal’s father owned a small business in New York and saw first-hand the financial toll of having to wait on long payment cycles, often not taking a salary for months before payments arrived. This inspired Eyal to start BlueVine to provide a solution that enabled small business owners to grow and prosper through his company, BlueVine. As BlueVine’s founder and CEO, Eyal gives small businesses access to working capital by providing advances on outstanding invoices. BlueVine provides flexible working capital financing to small and medium-sized businesses, giving them quick access to the funds needed to purchase inventory, cover expenses or expand operations. BlueVine is funded by Lightspeed Venture Partners, 83NORTH, Correlation Ventures, Citi Ventures, Menlo Ventures, Rakuten Fintech Fund and other private investors. Our interview focuses on different ways to finance your business. Resources Mentioned In The Interview BlueVine Website: https://www.bluevine.com/ Eyal's LinkedIn Information: https://www.linkedin.com/in/eyallifshitz/ Catch our interview here or below See acast.com/privacy for privacy and opt-out information.
John Swanciger, CEO of Manta talks about the latest surveys his company has done in the small business space. Eyal Lifshitz is CEO and founder of BlueVine and is here to discuss new ways of financing small business growth.
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