Select Page
RIBBIT Continues Expansion with Addition of Steven M. Thompson and Eric A. VonDohlen to Board of Directors
RIBBIT combines payment processing and bank data analytics to empower financial decisioning with better data and superior outcomes

OXFORD, Ohio, Jan. 12, 2021 /PRNewswire/ — Just two months after announcing a new partnership, RIBBIT welcomes to the board of directors heavy-hitters Steven M. Thompson, co-founder of Transaction Science and Eric A. VonDohlen, co-founder of Transaction Science and standing CCO of Zebit.

Thompson and VonDohlen are poised to bring exceptional value through experience and innovations in data science, predictive behavior analytics, risk modeling and credit evaluation by advising the board on new data initiatives and research opportunities.

“I am honored and excited to join the RIBBIT board and help lead the intelligent data revolution with a group of like-minded peers,” said Eric VonDohlen upon his appointment. VonDohlen has over 20 years of experience in data science analytics, beginning his career at American Express and leading teams at Citigroup and Encore Capital Group. Eric has served as Chief Analytics Officer at Triton Management and Elevate Credit and is currently Chief Credit Officer at Zebit.

VonDohlen has catapulted growth in several data-driven finance companies and turned ideas into revenue. He helped pioneer the use of bank transaction data in underwriting and engineer new data sources for use across the lending spectrum. Eric has worked with data integration and credit scoring using data from multiple hierarchical sources. Eric earned a Ph.D. in economics from the University of Arizona.

Mr. Thompson reported, “The speed at which RIBBIT is revolutionizing the marketplace is impressive and invigorating… I am thrilled with the opportunity to serve on the board alongside Mr. VonDohlen.” Steven brings more than 15 years of analytics experience in the financial, retail, energy, and transportation industries and has effectively led data initiatives at TransUnion, Elevate Credit, Tax Guard, and recently, successfully co-founded Transaction Science.

Mr. Thompson has expertise in machine learning, data engineering and enhancement, product development, and sales analytics consulting to support data-driven products. Notable projects include fusing identifiable metadata with financial behavior to support underwriting in the consumer and small business sectors. Mr. Thompson has degrees in Economics and Russian from Texas A&M University and a Master’s in Information Science from Penn State.

“Appointing Steven and Eric is the result of both happenstance and carefully planned strategy,” said Shawn Princell, CEO. “Together, we have the power to change the financial landscape.” RIBBIT’s board and advisors are set to meet next month to finalize upcoming strategy, financial milestones and new revenue streams planned for 2021.

Media Contact: pr@ribbit.ai

How COVID Has Impacted the Need for Bank Data

How COVID Has Impacted the Need for Bank Data

Due to the COVID-19 pandemic, people now pay differently. Because of massive changes in consumer behavior, alternatives to traditional credit bureau scores are essential to the underwriting process. Bank data is more reactive to sudden economic changes, more...

Who IS This Cheeky New Company called RIBBIT?

Who IS This Cheeky New Company called RIBBIT?

In my lifetime, I have been called brash, bold, sassy, and mischievous, so I pay attention when a company, and a new one to boot, jumps out of the starting gate, bragging how they are going to transform the way a consumer’s credit worthiness is measured. Whoa, who does this RIBBIT think they are, challenging a status quo system that has been around since the 1860s when merchants shared lists of villagers who failed to pay their debts? But as Confucius says – To know what is right and not to do it is the worst cowardice.

Non-Credentialed vs Credentialed Bank Data

Non-Credentialed vs Credentialed Bank Data

Now, during COVID, more than ever, people pay differently. Alternatives to traditional credit bureau scores are essential to the underwriting process.  Bank data is more reactive to sudden economic changes, more demonstrative of real affordability, more revealing of...