Zest AI’s CEO Mike de Vere joined us on the show to share the big news about his company building a time machine ... yes, a time machine. Mike says the time machine allowed the team at Zest AI to step back in time to the Great Recession of 2008 to better understand the mistakes that were made at the time and not repeat them today or anytime in the future. (check out this blog post for more details)
Mike shares how they booted the company's data science team back to the Great Recession and what they hope to gain to ultimately benefit credit unions and their members well into the future.
In addition, Mike provided results from a recent survey Zest AI via Harris Poll, revealing 80% of Americans are fearful of a recession in the near future.
Other key findings include:
86% of credit union members, however, thought their credit union was better equipped than a national bank to help them in an economic downturn
55% of members at national banks also thought credit unions were better equipped
73% of all Americans agree that increasing access to credit should be a top priority for financial institutions
Lastly, Mike shares what these numbers mean for credit unions and how they can take advantage of this new information.
Check it out and let us know your thoughts. And be sure to watch the entire episode below for all the details.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.