‘If you don’t have defaults, you’re not taking enough risks’: William Jalloul, CEO of Flowpay
40 pts · Notable·Sifted Fintech·15h ago · Sep 16, 05:00 UTC·1 min read
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William Jalloul, CEO of Flowpay, stated that embracing defaults is part of risk-taking in the fintech sector. He emphasizes that a lack of defaults may indicate insufficient engagement with risk in financial services, suggesting a need for a balanced approach to risk management.
Key takeaways
- ▸William Jalloul highlights that defaults are a natural part of taking risks in finance.
- ▸The statement suggests a philosophical approach to managing defaults in the fintech industry.
- ▸Implicitly advocates for a more aggressive stance on risk within payment services.
Why this matters
Jalloul's comments reflect a growing trend in fintech where companies must navigate the delicate balance between risk and innovation. As firms like Flowpay position themselves on risk tolerance, it could impact how they structure products and engage with partners, potentially influencing market strategies and consumer protections in the sector.
Entities
Companies: Flowpay
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