My guest this week is a very talented musician with a resume that touts 5 different instruments and his very first job in corporate America was a toy designer. So, how did he end up in the payments space? Dataseers Chief Seer Adwait Joshi will be the first to tell you that he has a true passion for complex data. And what industry utilizes data more than payments?
For those of you who may not know, Dataseers is a back-office solution that helps financial services companies take control of their data assets and then utilize them optimally within their vertical of choice. They are an end-to-end solution with a plethora of use cases that focus predominantly on fraud detection and prevention.
When it comes to what separates them from their competitors, Adwait boils it down to experience and knowledge. They position themselves in the marketplace as the solution for “taming the data demon” and they analyze all aspects of their customers data to provide them with prescriptive analytics and a consultative approach to reducing risk. According to Adwait, if you guard your gates, you don’t have to waste time chasing bad actors. And something else to keep in mind? Fraudsters only have to be right once to get through your firewall and security protocols. You (the company) have to be right every single time to prevent them.
Tune in this week to hear Adwait talk about his journey to CEO, including a small consulting engagement that turned into an 11-year career. We also talk about the future of the industry as it relates to the disappearance of fintechs, the consolidation of banks and what the real reason was for the Covid fraud spike. Spoiler alert: it wasn’t really a “spike” after all.