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- เผยแพร่เมื่อ 17 พ.ค. 2016
- Trust: How do you earn it? Banks use credit scores to determine if you're trustworthy, but there are about 2.5 billion people around the world who don't have one to begin with - and who can't get a loan to start a business, buy a home or otherwise improve their lives. Hear how TED Fellow Shivani Siroya is unlocking untapped purchasing power in the developing world with InVenture, a start-up that uses mobile data to create a financial identity. "With something as simple as a credit score," says Siroya, "we're giving people the power to build their own futures."
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The videos not loading, i'm just getting a really long ad. :D
What an open minded and empathetic woman. It's good to see money lenders aren't all cold-hearted people who only focus on their own risk and profit. I hope this kind of system helps many underprivileged people start a better life :)
I can't wait for the day when i'll get a loan refused for not calling enough my relatives.
Good god she's attractive.
Meh, above average I suppose.
extremely.
Very much so.
+Unknown That's not the topic here.
Christian Geiselmann I do apologize, I couldn't help myself.
hmm. 90% repayment rate? Impressive.
I was skeptical, and indeed still am, but I am going to investigate this further. This sounds rather useful.
Too bad about the personal data thing but...Well, when you are desperate for credit...
+SangoProductions213 "They can know what you do and who and where you do it with, but will never know you. Do you know "you"?
I know him
I possibly don't know me. If they know me better than I could, I want in on it.
Actually, this seems like a good business model. They can keep low interest rates, because most of their money will be made from the data they sell :P
Fascinating! Extremely informative. Great service potential.
This is just so awesome! The people behind this solution are financial geniuses!
So many great people talk o ted! I love it.
I'm an introvert, therefore not trustworthy
+Kröte nschemel we should form a club
pretty much what I gathered from this.
seems like she meant that
+Kröte nschemel So the extrovert exercises modern entrepreneurial process, and may know introverts like you, who could benefit if they chose.
Nothing on the planet lives in isolation, including you.
Hello everyone i saw comment from people who already got their loan from victoria loan home company so i decided to apply under their recommended in just few hours ago i confirmed in my bank account $72,000 the money i requested for this is really a great news....so iam advising anyone who need real and legit loan towhatsapp me on +2349016180984 they grant any kind of loan like,personal loan, business loan,debt and blacklisted people, debt review people, and they help people in the world with loan so you can contact me with my WhatsApp number
+2349016180984 THANK YOU
it is FANTASTIC that they are finding non-money criteria to develop trust in other people.
what a great way to handle the situtaion.
They have to sell their data to even get the chance to obtain a credit.
This practice shows us once again how our data is valuable and how we should protect it.
Fascinating idea.
There's obvious concerns about granting access to so much personal data, but so long as it's an opt-in, temporary measure that you can back out of at any time while you're being assessed it should be pretty doable. Oversight would be a must as well, which would require government agility that just doesn't exist yet.
Do you want money? Tell us who you stay in frequent contact with, where are you on a regular basis, where did you go last wednesday? Don't worry, no one will ever use this information to hurt you, all humans always have YOUR best interest in mind, so turning this information over to a private company is safe.
I think it's a sweet idea and can really have a huge impact for some people. The problem is they have access to very personal and private data of their customers and I really do want to believe that they use that data in confidential and respect but in the end when peoples' private data is at someone elses' hands other than their own there's a potential issues and I'm always skeptical. But well what other choice do they have? Maybe this is the less evil option for them.
4:44
"We completely, utterly buttfucked this person's privacy in exchange for debt. We are very proud of doing what not even banks were able to"
+Random Schmid exctly
Lmao!! So tru, they fucked Jennifer up.
+Random Schmid Humm interesting point, but we have a lot of ways to see this
Random Schmid Lol I agree to personal. Crowdfunding should be the way to go in this case. People helping people.
Always love her ideas
Smart. A company that mines your personal data for a virtual credit score.
ikr its basically analysing your life and giving you money, its pretty invasive but i suppose who allows it allows it.
+Rohan Paul I know right I'm so torn between privacy and innovation here.
+Random Schmid also they are basically a tech company giving loans on numbers tho strong still have to be approved by the govt which wont consider these single percentage figures as good repayment options.
+Amu Bag Jan its no innovation here i think they are kuat using facts and figures with a single digit percentage and teaming many of these to get you score high, this is risky. Investors in this must be very careful we have seen lending go wrong in real estate bubble as well. Using it in name of tracking your whole life, also safeguard data from hackers.
Hello everyone i saw comment from people who already got their loan from victoria loan home company so i decided to apply under their recommended in just few hours ago i confirmed in my bank account $72,000 the money i requested for this is really a great news....so iam advising anyone who need real and legit loan towhatsapp me on +2349016180984 they grant any kind of loan like,personal loan, business loan,debt and blacklisted people, debt review people, and they help people in the world with loan so you can contact me with my WhatsApp number
+2349016180984 THANK YOU
it feels good to see Indian women at such pedestal truly inspired!
is this an ad or a Ted talk?
Eh. I suppose it could be both. I do think it's a good idea that can help a lot of people.
Its deeply worrying that with data mining, the corporations knows more about us than we know our self.
Reminds me of the this book called Banker to the poor. Different model though. Best wishes!
THIS is how you empower people!
Great, she just turn the Google idea data mining your data in return of free services. So now she data mine your data and give you a loan.
Cheers for this, been searching for "business credit build" for a while now, and I think this has helped. You ever tried - Vansaiah Meylijah Domination - (just google it ) ? Ive heard some extraordinary things about it and my partner got excellent results with it.
Cheers for the video content! Forgive me for chiming in, I am interested in your initial thoughts. Have you researched - Chiveard Hacking Data Framework (do a google search)? It is an awesome exclusive guide for finding business credit minus the hard work. Ive heard some incredible things about it and my GF after a lifetime of fighting got great results with it.
WAW ... i hope this service is reachable in my country
Nice job.
Recent privacy breaches such as Cambridge Analytical scandal make this model questionable. Are people aware of the complex operations behind the app? Like do they know that the app collects their very sensitive data and make use of it to build credit score? So using this approach meaning I have to surrender my privacy. Any thoughts on this? Is there a point where people consent on the use of specific data?
i love her voice
+Ella Dao ehh
very inspiring.
can I get a small loan of a million dollars
you win
+Abdullah Moiz Well that comment Trumps mine.
+Berelore Trump would probably say he has a mexican sounding name or looks like a mexican therefore he owes HIM money. He's da best at having mexicans owing him money.
+Daniel T. "I got a small loan of a million dollars" is what Trump said he got from his father to start out.
if you have a millionaire father then you can :)
App isn't available on Google Play Store.
Incredibly intelligent and educated and able to see past the usual corporate bs and see people for who they are. I wish more people behaved this way..
wau you making the world a more beautiful place to be..Thank you and God bless you
Is this about personal credit or business credit for small businesses?
Congratulations folks. You've found another creative way to restrict peoples lives through money!
Amazing, Yessss Finally.
How this works ??
love her tone ...
What's the name of application in iTunes to download?
Amazing 👏🏻
To the people asking how is this a ted video, please remember what the t stands for
Banks finally found a way in our personnal data, after all. Beginning with poor countries is logical, how could a desperate population be aware of the usage of such information by the corporations ? They will be the first victims...
were there no app link
What is that app called??
where are the drone videos
interesting idea, but she should have addressed the privacy issue as well. It can be a huge problem for further growth of their app
I think you have to give up your privacy with this type of credit.
+Anton Apps usually comes with a user agreement. If you agree for them to look into your privacy, then there is no issue. If you don't agree you would simply have to refrain from downloading the app. It's only when they collect or utilize information you haven't agreed to share, or they distribute the information to third-parties, there might be a problem. Although I agree she should've adressed the security-aspect of it, about whether your information will be safe or not in the hands of such companies.
+Martin Sørland Festøy you're right. but I still think you're gonna lose privacy to gain the things you want and maybe that's why it's not addressed.
Nice speech- better voice so cute.
nice idea
Awesome
awesome
A small loan of a million dollars.
Just the title tells me I'm out! Isn't this why we have bailed out the Savings and Loans and the Banks X2?
I prefer 'debt-free' because even though my life lacks 'junk', it is rich in value and freedom.
Why is ted talk tickets so expensive?
Yes as long as your DSCR can support it and you are not in a lawsuit we will find you a lender.
Amazing,
What is 4 indicator found on jeniphers phone that made her alikely candidate for loan repayment???
that's brilliant BRILLIANT
Her company can be trusted, right? Maybe or maybe not. But think for a second about the abuse _the company that buys_ her "innocent" company could, and would do. Data miner's dream. Would not be surprised if this was a corrupt company already that hired a sweet, innocent, naive Indian girl to use a spokesperson. That isn't possible, right?!
hmmm 2 billion plus that "big brother" could not track and now they found a way to put them under their thumb - impressive
So you pay the loan with personal/private information.
+cruZak no that's just a way to gain trust. You still need to pay the loan with interest. Also the person/private information is given voluntarily and with transparency about how it is used.
@@linxdeal There's no transparency about HOW it's being used. She said it was used to gain a "richer picture" of the person, but the data are still there on their servers long after it is no longer required. So what happens to it then? It is sold to the highest bidder, that's what.
Trust: how do you earn it?
by letting machines owned by strangers violate it.
Sounds too good to be true. Giving personal info seems too risky.
If you're not rich enough to enter into bondage with a capitalist multinational, we can now offer statistics based control and surveillance instruments to make sure that by just sacrificing every inch of your personal life and privacy, you too can be owned by a financial institution! That's what trust is all about!
+Joakim Andersson That is easy to tell but think about people that has almost absolutely no money and work hard to even eat...
The irony is, I'd like to do business with a man who renegaded on a bank loan, just due to my loathing of banks. Honour amongst thieves still has weight outside the financial sector ;)
Tracking such personal data was cool in 2016 I guess (5:00)
Ha. Reminds me of the China credit system. Exchange privacy for social status.
i got no to maybe bad credit history because i dont borrow money i save up or pay installments to the owner isnt that messed up im too good with my money to get a loan instead those who borrow all the time are prefered :(
I looked into this and they say their interest rates are similar to a credit card but what they don't say is that the loan period is 3 MONTHS. Their yearly interest rate is actually similar to that of a payday loan company. This was about a year ago I wrote a paper on this but I believe they also have another late fee on top of the interest as well!And as I recall they gave out only a few hundred dollars for loans at a time. Do not invoke the idea of struggling Africans to promote your exploitative micro-loan-sharking business and act like you are helping people. Shame on you.
Credit is debt. Debt is slavery
+Gary Guerrero thats right
+Gary Guerrero Slogans are fucking useless. They sound profound, but are often too general to have actual and credible meaning in the real world. Debt isn't slavery. Nothing in this world comes for free. Credit can buy you a house, a car, and a small business. If that is slavery, then you misunderstand the word.
true!!!!!
+Gary Guerrero
no, debt is a tool.
it can be used for good or for evil.
credit can lift people out of poverty, when it is used in a strategic fashion
to dismiss all debt as bad is to have a profound misunderstanding of the good that debt does.
+Srikanth Boddapati 30 year mortgages arent slavery? debtors prisons arent slavery? The war on drugs isnt slavery? Student loan debt isnt slavery? The housing market crash wasnt a form of planned violent slavery ? Man I know slavery. You live well off on the sweat and blood of slave nations. I know slavery. The elite love slavery and debt. Wake up
2.5 billion people without a credit score. 3 billion don't have a smartphone to download the app.
+Always Me
there are lots of countries where people have smartphones, but no access to reasonable credit. her solution doesn't solve the entire problem, but it could have a strong impact on a large number of people.
+Always Me She said there are 1 billion smartphones in emerging markets, which should overlap quite nicely with some of those 2.5 billion people.
Thats inaccurate sir
That's an ad for a company that exploit your personal data to know if you're worth loaning. The documentary "DoNotTrack" anounced it could happen someday, well, it happened. Bye-bye privacy, hello tracking and profiling...
Half dislike for the half-bullshit topic + 1.5 like for the incredibly beautiful speaker
You gave them all you personal data and they give you loan. Great deal ;p
how she gets money to lend to people?
How is this a TED Talk? This is an advertisement.
I love her everything xD
where do you get this service ? nevermind found it on screen playing vid again mkopo rahisi im gonna save that not that i plan on borrowing yet site is here www.mpesaloans.com/mkopo-rahisi/
she's really beautiful
I need a business loan
so much for privacy
but if you need to trust financial institution to give you the money you have to sacrifice somthing in return.
Yes, let's give banks all our private information
It could work as a broker service. The broker goes through all the private information and gives the bank a credit rating. The broker is paid by the bank (and indirectly by the loaner by means of the interest rate charged).
Dumb idea, excellent genes..
Who uses credit ?
People who don't have money.
I've all ready red it on reddit.
Who's Use TALA APP, And Search The Owner? 👍
just read Bloomberg Feb 17 2020 issue and come here to check it out, you might think she is pitching a charity but this is a loan shark with goons. This is no different than Wonga preying on people with limited financial control and understanding.
Good! That's how you transform 2.5 billion people into passive consumers in debt. What a load of crap!
Before I can trust someone with a loan, I need to know this person has something they value in monetary and societal value. Then I need to know there is a repercussion the borrower will face that will matter to the borrower.
+Winged
and if the person doesnt pay, its good to know where that person lives, his family, friends, current location, whoever that person calls, his daily routine and if the victim is leaving his or her designated area
Fitst
congratulations..ur check is on the way
Hello what is the best way to get started with bitcoin investment or Forex trade cos I have been making my personal research for a while now
I think no need for professional financial analysts after this speech... OMG I hope governments did not heard that as we're already suffering from unemployment, or our certificates will be thrown out to start voluntary business life.
Shady infomercial. Shameful.
2.5 billion people without credit ? We learn to value eachother by the amount of debt or credit they have?2.5 billion peoples dont have a toilet or running water.Are we teaching eachother or learning what the lenders want us to learn?How have we as a species of free men and woman found ourselves in a bankers vault?The earth and our ancestors,our parents and grand paretns and great grand parents,who have served,slaved and been jailed in the past,for the benefit of King,Queen and politician?Im asking ,How have we the people become so poor.The money that has been donated,the spoils of War.The Stealing indigenous peoples lands?Really ,all we global humans are Serfs,Slaves and Convicts and if we are good and give our names and Information,we can borrow money,to take the chains of poverty that bind us and swap them for the heavy burden of debt. for the corporations and the Banks> The Venus Project-Global has solutions and ideas that free all peoples from the shackles that bind us.The Religious Organsitations on this planet,have trillions of dollars,the monarchy has Trillions of dollars .2016 and 2.5 billion people dont have credit?how many have Debt? Slaves of Poverty and Slaves of Debt.We are all still Slaves,Serfs And Convicts.
hmmmm never knew stalkers had money
one man's tool another man's weapon
+Oliver OAP Well how else would they be able to stalk?
I bet Google is or will be the main backer of this data harvesting company.
saludos luxo jara jajaj
Nothing extraordinary. There were companies already doing this. She just happened to come across the right VCs
The financial system is nothing that you should have trust in, seriously, and this whole thing built around that whole bs, while claiming it will bring prosperity in the long run is a bit sickening :S
Well, most traders didn't have proper training/practice, and learn made same/similar mistakes but later learned through the hard way (including myself). That's just part of the cost of learning. You just need to keep the focus on the goal, learn why you failed, then stand back again and do better next time. If you able to manage your emotion and risk, soon or later, you will do pretty good in trading. Looking for help to recover your loss on any trade/brokers, visit financialrefundcashback.org
美人〜〜〜
Ted Ad lmao