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Lumenous trust mit media
Lumenous trust mit media
Lumenous trust mit media
Lumenous trust mit media
Lumenous trust mit media
Lumenous trust mit media
Lumenous trust mit media
Lumenous trust mit media
Lumenous trust mit media
Lumenous trust mit media
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Lumenous trust mit media

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An exploration of how to bring about transparency and fairness in commercial credit by putting business owners in charge of their data. Commercial credit evaluations cover trade credit ($2T) as well …

An exploration of how to bring about transparency and fairness in commercial credit by putting business owners in charge of their data. Commercial credit evaluations cover trade credit ($2T) as well as small business loans, alternative lending and procurement ($2T).

Published in: Business, Economy & Finance
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  • 1. Data-Sharing Trust and Identity PlatformData-Sharing Trust and Identity Platform Many small businesses participating in $4T economyMany small businesses participating in $4T economy Contact: LaVonne ReimerContact: LaVonne Reimer lreimer@lumeno.uslreimer@lumeno.us
  • 2. $150B data broker industry thwarts small business growth$150B data broker industry thwarts small business growth Company Confidential Black box Lost opportunity Errors and DelaysErrors and Delays in flow andin flow and TermsTerms InformationInformation AsymmetryAsymmetry Small and emerging businesses Lenders and financial stakeholders
  • 3. Company Confidential Time to level playing field, put business owners in chargeTime to level playing field, put business owners in charge Harness & share data with stakeholders, no intermediary Professional credentials Industry certifications Financial data & forecasts Public filings & legal records Data broker information Credit bureau scores & files Small and emerging businesses Lenders and financial stakeholders
  • 4. SMBs in charge of data drive greater trust and fuel growth Company Confidential Continuously improve profiles, selectively share. Balanced benefits and participation drive more innovative uses of proof. Relationships and trust grow, inspiring more data and interactions. Businesses add data to prove credit and trust 1 Invited creditors interact and contribute data 2 Businesses gain clout; Creditors gain visibility 3 Collaborative credit and trust unlocks $4T 4 Free market principles operate to the benefit of SMBs and their stakeholders. Harness & share data with stakeholders, no intermediary
  • 5. Powered by first system to manage user-aggregated big data Patent-pending technology with 18 month dev lead proven in pilots--Patent-pending technology with 18 month dev lead proven in pilots-- •• Unprecedented sharing flexibilityUnprecedented sharing flexibility •• Data veracity without black boxData veracity without black box •• Adapts as credit practices evolveAdapts as credit practices evolve Company Confidential Participatory datacollection Filterable dataFilterable data intelligenceintelligence Users interactUsers interact & contribute& contribute Algorithms to standardize & verify data
  • 6. Participatory datacollection Filterable dataFilterable data intelligenceintelligence Users interactUsers interact & contribute& contribute Algorithms to standardize & verify data Set apart by use of data science to replace black box models Company Confidential Automateddata collection ProprietaryProprietary data storedata store Passive dataPassive data consumptionconsumption Analytics to extract credit predictions Lumenous--Learning algorithmsLumenous--Learning algorithms Black Box--Machine algorithms Complex data science Complex data science
  • 7. Company Confidential Data model, framework forged with unique user communityData model, framework forged with unique user community Harness & share data with stakeholders, no intermediary Tech networks with 30K small businesses 750+ banks; $100B in loans; 150K SMBs
  • 8. •• Kick-start via community,Kick-start via community, Broaden via data partnersBroaden via data partners •• Propagate viaPropagate via built-inbuilt-in social mechanismssocial mechanisms •• Proven across technology &Proven across technology & business credit ecosystemsbusiness credit ecosystems Company Confidential 100 new business users 2 bank or procurement managers 10K business users, aggregate data generating $12M/year 200 new financial stakeholders User #1 User acquisition strategies tap natural data-sharing behaviors Validated viral loops drive from user #1 to $12M Lumenous community Use data partners for horizontal growth 2 creditors per business user; 50 businesses per credit user
  • 9. Technology Contributors: Leaders in open data and collaborative platformsTechnology Contributors: Leaders in open data and collaborative platforms • Sebastian Hassinger: IBM open standards • Bill Burcham: Contributor to UBL, Oasis • Stephen Walli: Open technologies • Ward Cunningham: Inventor of Wiki • Daniel Harris: Architect at Bloomberg • Doug Reed: Data aggregation, Intuit Go-to-Market Contributors: Leaders driving trust systems andGo-to-Market Contributors: Leaders driving trust systems and $100B+ in loans$100B+ in loans • Don Thibeau, Data privacy and identity: Open Identity Exchange, TransUnion, Lexis/Nexis • Chris Nichols, Community banking: C-level exec at correspondent banks serving 1,600 banks • Jodi Delahunt Hubbell, Small business lending: CEO in Zions family of 450 banks Daniel Shupp, CTODaniel Shupp, CTO • 20 years in cloud architecture and agile development at IBM China, Websphere, Freerange Technology • Computer science, Johns Hopkins; Grad studies in Quantitative Finance LaVonne Reimer, CEOLaVonne Reimer, CEO • 15 years in open web at Cenquest and small business incubator with IBM, Intel, open source communities • Business ethics/law at Townsend & Townsend, Tektronix, Amicus Group Company Confidential Team brings deep data privacy and standards experience
  • 10. Bringing data innovations to SMB capital and commerce Contact: LaVonne Reimer lreimer@lumeno.us 503-720-0690 Company Confidential

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