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Ben Lowley

๐Ÿ‘ค Speaker
236 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

Sources like the IRS.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

So you're scraping kind of unstructured web data, right?

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

It's actually, it's not unstructured and there's no scraping.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

These are file downloads, CSV downloadable files that any person could go out and download to their computer.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

Um, so we're doing it at, you know, on a large scale.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

Um, banks, they're, they're only assessed where they have brick and mortar branches.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

So, uh, it's, it's a lot of work for a CRA officer to go and do this.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

Um, and a lot of them aren't reviewing every single nonprofit in their assessment areas.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

So assessment areas where they're, they, they're required to get, uh,

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

I see services.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

We try to keep it very simple for the banks.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

It's an annual fee for access to the platform.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

The platform houses all the data, and they can search by city, state, zip code, or county.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

Often, the assessment area will be a county.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

So if I have a branch in Cook County, is that Chicago County?

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

Is Cook County?

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

I have no idea.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

Okay.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

If I have two branches in Chicago, maybe it's in downtown Chicago, my assessment area may be all of Cook County.

SaaS Interviews with CEOs, Startups, Founders
1587 Why Banks Pay Him $2k/year To Help Serve Lower Income Community Members

I mean, what's the average bank pay you per year for this kind of tool?