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Book Review & Discussion: Start-up Nation

Book Review & Discussion: Start-up Nation
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Israeli startup helps shunned professionals get credit cards


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Jasper uses technology to safely issue credit cards to recent graduates and new immigrants who are creditworthy but rejected by existing lenders (Jasper)
Owning a credit card has never been more vital. The pandemic is forcing millions of people to stay home and ramp up their reliance on electronic payments. But the financial institutions that issue credit cards are making it tougher, not easier, to get credit.
In the United States, 21 percent of credit applications were denied in 2020, according to a recent survey.
Applicants are being rejected just when they need credit the most. Among those being turned down are high-earning recent graduates, immigrants and other creditworthy working professionals without a long enough credit history to prove it. They simply have not been paying enough bills long enough to get the credit rating scores used by traditional card issuers. ....

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Meet the new unicorn fighting online fraud


Meet the new unicorn fighting online fraud
Ofir Dor
Six months ago, Michael Reitblat, CEO of Forter, which provides fraud prevention technology for online commerce, moved with his wife from New York to Austin, Texas. With the pandemic, all the advantages of New York no longer exist, while the city s disadvantages are still there, he says in explaining the move.
The change has complicated Reitblat s online shopping. My bank address stayed in New York, but now my orders are coming out of Austin, and my receiving address is also in Texas. So, I suddenly appear very unusual, and many stores have rejected my orders because of that, he tells Globes . ....

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