‘Financial services haven’t caught up with the ways people make money’: Argyle’s Billy Marsden

The following was produced by Tearsheet Studios. We worked with employment data platform Argyle to create a podcast series about the rising importance of employment data and how lenders, banks and fintechs are using this data to make financial products available to more people, solving some of the challenges with today’s financial services. Thanks to rapid technological advancements, everything we know about work is constantly changing. The pandemic also brought about massive job losses and many career paths changed as a result. With the rise of the gig economy, this new reality means more and more people are joining the non-traditional, multi-income workforce. Financial systems, like credit scoring, weren't built for this new worker -- they were built for the W2 worker, with a single full-time job and monthly pay stubs. This leaves non-traditional workers underserved by traditional financial services, and puts major hurdles in the way of deserving folks toward their financial wellbeing. Fintechs like Argyle look to technology to create transparency and empower everyday people.