The new measure of a fintech moat is the capability to handle complexity without pushing the burden onto customers or costs. It isn’t only about keeping competitors out but it's also about getting better as the system gets more complicated.
Figure reported second-quarter results, showing that its platform had reached a $1 billion weekly run rate for loan applications by early July.
The firm has come a long way since it was founded in 2018, building a more structured lending and capital markets system while increasingly making it intelligent and programmable.
For the first episode of The Editors' Room, Tearsheet editors debate what they'd hand over to AI and what they wouldn't, before digging into how enterprise AI is taking shape.
The enterprise AI stack is increasingly built around 3 things: shared context, specialized agents, and orchestration.
Plaid won the Data Innovation Award at Tearsheet's 2026 AI Innovation Awards.
Suddu Seshadri, Plaid's Head of Data & AI, discusses the firm's move from connectivity to intelligence and its bet on finance-specific AI foundation models.
