Meeting Notes
31 October 2022 | Mentor Meeting Notes
- To do: embellish more on the pitch deck of what we are selling to the banks.
- What is the risk to the bank and what risk are they taking?
- What are they going to be pushing back on?
- Golf Outing: as a networking event is great idea.
- Do lunch & learns
- Do webinars
- Scholarship should be coming from the money that we are profiting from.
- Prototype: Figma:
- Add Double Authentication on Homepage
- Add application for FWA score
- Add our score breakdown
- 3/4 more screens to show application process
5 October 2022 | Mentor Meeting Notes
- Logo:
- She asked what the meaning is of the logo dots & encouraged us to build a story around the logo.
- Data visuals:
- What can we share about Gen Z and their habits as they relate to our business?
- Don’t over think it! Get creative! Think futuristically.
- How can our business help Gen Z improve their financial wellness?
- Are there differences between Gen Z and Millennials or other generations? What barriers are unique to Gen Z?
- Data analysis:
- Microservice may be for phase 2 of the business because it is about providing unique services to partners and stakeholders.
- research Tenovos for microservice use
- What is the difference between the website and app?
- website is for banks and more informational, while app is for consumers
- Public or open API is not a good idea due to data insecurity. We will do a private API.
- Microservice may be for phase 2 of the business because it is about providing unique services to partners and stakeholders.
- Regulations:
- Morgan to reach out to connections at Bank of America for regulation compliance of FICO and related areas.
12 September 2022 | Mentor Meeting Notes
- Company Name: part or most of the name in the URL
- Acronym for the name
- Brand Positioning:
- Disrupt the industry
- Disrupting b/c people who don’t currently fit into the current financial profile can be part of the financial conversation
- Add market share
- Who is doing your prototype ?
- Algorithm – we own it
- Competitive analysis: how many of the big companies have an app/do we have to integrate into their app?
- Digital Dashboard idea –
- B2B to C
- B2B = Platform
- C= What consumer sees
- Who is the final customer? Bank or the customer? Customer
- What are we launching to the banks so they see the value? What is our deliverable? What is it that we are actually creating?
- Desktop dashboard/app?
- They want the data based on what the algorithm does
- Final product: people care what it actually does, not the technology behind it
- How are we raising money to build this app?
- If we raise money we can go out and do what we want to do
- How much is it cost to build it?
- Who is the sales team? West coast team? Digital Ads?
- Who is doing the marketing?
- Regional banks need to see that they can trust us: brand positioning is huge for us to gain trust and succeed
- Ask Amy if we need to do a budget based on existing companies/apps/ideas?
- 1/10 startups don’t succeed b/c they cant sell it
- Last week of September she wont be able to attend
- Have questions prepared, let Debbie see the work we are doing
29 August 2022 | Advisor Meeting Notes
- 30 min sessions never more
- Agenda: deliverables – post review
- Mentor will be set up after tonight
- How to get the business to offer the credit?
- How do we build it out?
- Key: what problems do they have with using this new credit score?
- Government mandates?
- Do they need to bring in people who are underserved for banking?
- What would it take for a bank (entity) to believe creditworthiness in a different score?
- Problems bringing in people who are denied credit?
- To do: Create project site
- Work on deliverables
- Connect with mentor