Kabbage Doesnt Like working brokers
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  1. #23
    Senior Member Reputation points: 58222
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    Dec 2015
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    Unfortunately (or fortunately if you’re the engineer) AI is the natural trend in industry. You go from doing work by hand to using a tool for it, to an electrical appliance or machine that’s 10x to 100x faster and easier, to having an assembly
    Line setup to 100x your 10x electrical tool, to then dumbing down the difficulty of that tool so you can use lower wage workers, to then eliminating those workers with overseas workers, to then eliminating most of the humans completely using AI.

    That progression saves the company money, increases their profit per goods sold, and allows them to scale to compound their revenue, which gives them more resources, which allows them to develop and deploy more systems that create cost eliminating and revenue scaling processes.










    Quote Originally Posted by Karen37a View Post
    And any investors that watch those stupid things

    When you have a LIVE ISO....a broker talks to the merchant ( qualifies gets docs)..goes to processing ( jr underwriting level 1)...on to the Iso underwriting( Level 2)...sometimes owner ( level 3).... ( who either have skin in the game $$ money in the deal or skin in the game , they want the renwal commission)

    Sent to Funders Rep ( pre-screening underwriting ) who some have skin in the game $$ ...off to the main underwriting level 1...2 ...3 skin in the game...close

    Not some dumb arse automated applications instant funding by a clerk or fallible computer system....go get an auto self-driving car while you are at it
    Last edited by DonMcGrath; 07-29-2018 at 02:04 PM.

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