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.
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OXFORD, Ohio, April 12, 2022 /PRNewswire/ — Today, RIBBIT Inc. announced the appointment of Greg Rable to the RIBBIT Board of Directors. As the former Founder/CEO of FactorTrust, since acquired by TransUnion in 2017, Greg brings over 25 years of management and strategy experience, combined with a history of building successful fintech and alternative data businesses for the consumer finance space. In his role, Mr. Rable is helping guide the RIBBIT leadership team and promote the growth of bank behavior data as a powerful and necessary predictive data solution.
Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity ~ Sri Mulyani Indrawati
How arbitrary are the words ‘financial inclusion’; who’s in, who’s out and why is it so unfair? If a consumer is ‘in,’ there are financial opportunities for building a better life. If a person is ‘out,’ good luck with climbing out of a deep money pit. Today’s financial institutions think they are building a more inclusive process. However, many are still using information reflective of historical bias so if it didn’t work then, it ‘ain’t gonna work now’.