Anyone heard of a company called Early Warning?

Apple nickrhoads
Jan 31, 2018 14 Comments

Got a message from a recruiter on LinkedIn from Early Warning for their Zelle Pay project. It’s like Apple Pay. Never heard of the company.

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TOP 14 Comments
  • Apple / Eng
    Marijuana

    Apple Eng

    PRE
    Google
    BIO
    I ain’t got no worries.
    Marijuanamore
    Yeah they are used by banks to exchange information. They are legit, but no idea how good it is to work there.

    Their customers include banks and lenders as well as fintech companies like Blend.

    If you’re applying for a loan or mortgage with Bank A, Bank A can use Early Warning to check how much money you have in all other banks.

    Zelle is a relatively new project by them; it enables quick and fast payments between banks. It’s white-labeled (eg. Chase calls it QuickPay), so while you can use Zelle’s app directly, chances are it’s already on your bank’s app.
    Jan 31, 2018 8
    • Apple / Eng
      Marijuana

      Apple Eng

      PRE
      Google
      BIO
      I ain’t got no worries.
      Marijuanamore
      News to you maybe, but not to people in the know.
      Jan 31, 2018
    • AT&T / Eng
      DDM2K

      AT&T Eng

      PRE
      Optum, Windstream, AT&T
      DDM2Kmore
      It pays to know people who know.

      I have been pulling my credit reports for years and noticed they have added several “features”:

      1.) Balance HISTORY on your cards so you see how quickly or slowly an amount was paid off.

      2.) Confirmed name combinations and phone numbers known to be associated with your name/SSN.

      3.) Employer names (usually from larger companies) show up as well.

      I have nothing shameful on my report but the extent of data available for a simple credit history check makes me uncomfortable for what may be to come next.
      Jan 31, 2018
    • Microsoft / Eng
      MP3

      Microsoft Eng

      BIO
      Troll living under the I-5 overpass
      MP3more
      @DDM2K:
      That is some scary shit. And that’s just what they are showing you...
      Jan 31, 2018
    • AT&T / Eng
      DDM2K

      AT&T Eng

      PRE
      Optum, Windstream, AT&T
      DDM2Kmore
      Companies like LexisNexis have custom reporting that combines credit bureau info with public records to create entries far more detailed than can be found in any other single source.

      Take a look at this shit:

      https://www.lexisnexis.com/risk/downloads/literature/riskview-report-sample.pdf
      Jan 31, 2018
    • New / Eng finTechGuy
      @Marijuana

      Early Warning does not check account balances in Banks or does anything close to it. Banks do not give away this information unless it is authorized by the customer themselves. I can vouch for this as a fin tech employee in major bank.

      However, Early warning services are used for external account verification - helps the bank understand: is the account legit? Was it flagged for any fraud? Was it involved in terrorist funding or money laundering etc . Banks do share these information and early warning acts as a repo of bad account info. It was created by 3 banks (originally named clear exchange) - primary goal was to facilitate P2P Payments using email/mobile number.

      Zelle is basically old wine in new bottle - it is mere rebranding to preserve the same P2P payment experience across all participating bank’s app and the Zelle app. More like all Banks’s collective reply to payment disrupters like square cash/Venmo etc.
      Jan 31, 2018
  • Intel FukAll
    Yeah, it is called Microsoft.
    Jan 31, 2018 0
  • New / Eng finTechGuy
    @OP

    Early Warning is a hot company in Fintech - their new Zelle pay has huge growth potential - they’ll have to upgrade their back ends to keep up with the volumes. But I don’t think they pay like tech companies - if you get an offer do update this post - will be interested to know how they pay these days .
    Jan 31, 2018 0
  • Apple nickrhoads
    OP
    I had a phone interview on Friday. What they were offering would t warrant me leaving. Plus their benefits suck.
    Feb 3, 2018 0
  • Intuit mniY38
    Zelle is not new and it’s just the product of a group of banks trying to build another money movement solution. I took a recruiter call from them, did some due diligence, and decided not to pursue. I would certainly not move from apple.
    Jan 31, 2018 0
  • Microsoft msft010
    Wells Fargo is running ads on how their mobile app lets you transfer money to anyone. Zelle is part of this ad.
    Jan 31, 2018 0

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