This post originally appeared on Tech In Chicago. Visit Tech In Chicago to listen to more interviews with Chicago’s top startup founders and venture capitalists.
Canh Tran is the CEO and Co-Founder of Rippleshot, a startup that detects payment card data breaches. They take a big-data machine learning approach, more common in search, genetics and advertising, and apply it in a novel way for the payment processing industry to help banks, merchants and processors proactively monitor suspicious fraudulent activity and implement smarter fraud risk management strategies when card compromises do occur. It is a massive industry with a lot of room for improvement.
In This Episode You Will Learn:
- How Rippleshot catches data breaches
- Why banks need outside help
- Where the name comes from
- What they are looking for in breaches
- The ingeneious ways credit cards are stolen
- How safe is our future when we pay with wearables
- How they got their first customers by starting small
- Why criminals target smaller banks
- The differences between Silicon Valley, Chicago, and St Louis
- What Canh would like to see chicago tech improve on
- The differences between 1871 and Catapult
- The benefits of growing up abroad
- The impact of a handwritten thank you letter
- What the future of fraud loss looks like
- What gets Canh up in the morning
Selected Links From The Episode:
- Howard Tullman, CEO of 1871
- Craig Vodnik, Co-Founder of Cleverbridge and investor in Rippleshot
Favorite Books:
- The Deptford Trilogy: Fifth Business; The Manticore; World of Wonders by Robertson Davies
- Snow Falling on Cedars by David Guterson
- Linked: How Everything Is Connected to Everything Else and What It Means for Business, Science, and Everyday Life by by Albert-laszlo Barabasi
About Tech In Chicago
Tech In Chicago takes you inside the Chicago tech world. Each week Colin Keeley is joined by Chicago’s top founders and investors to talk about the amazing companies being built right here. If you want to learn more about Tech In Chicago, head to TechInChicago.co
I would love to hear your thoughts on the show and any guests I should have on. Please reach out @TechInChicago. You can also find me @ColinKeeley.
