Interview with StonePay’s CTO

Behind the curtains of StonePay Revolution

First things first, why StonePay? What's fundamentally wrong with traditional credit scoring models?
Why StonePay? Because traditional credit scores are a dim flashlight in a dark forest; helpful, but not enough. They tell you about a company's financial standing but say nothing about whether they'll actually honor payment terms. That's a blindspot costing businesses big time—did you know nearly a quarter of business failures in Europe are due to delayed payments?

So, what's wrong with traditional models? They're incomplete and opaque. They reduce complex business behaviors to mere financial metrics, sidelining key trust indicators. It's like giving a student's grade based only on attendance but not on tests or participation. StonePay offers a holistic, transparent view, shining a full floodlight on trustworthiness.

"Behavioral Trust" is the cornerstone of StonePay. What was the "aha" moment when you realized that tech could solve this issue?
The 'aha' moment was flipping the switch from 'control' to 'Reputation.' Traditional models were all about control—kind of like handcuffs for businesses. But we wanted something more, something every company could cultivate and use as a strength, not a limitation. That's where Reputation kicked in—a value you grow every time you nail a transaction, confirmed by your supplier.

But here's the kicker: it wasn't just an idea. We validated it with real-world tests. The result? A tech model that's as simple as it is revolutionary. It was like realizing we'd invented a new currency—one that could redefine the way we do business globally. That was the real 'aha' moment.

Data privacy is a hot topic. How is StonePay handling this sensitive issue while still providing accurate behavioral trust scores?
Privacy isn't an afterthought for us—it's the cornerstone. Forget Big Data Companies that hoard your information for sketchy purposes. At StonePay, we flip the script. Your data? Private, encrypted, and totally in your control. Think of it like this: In a world where everyone's peeking into your windows, we're giving you the curtains.

You decide who gets a glimpse of your trustworthiness score. You decide if you want to share your Reputation Report and even set an expiration date on it. In a nutshell, we empower you to manage your data your way. It's not just about transparency; it's about choice. You're the captain of your own ship.

Entrepreneurs crave control. How does StonePay's tech empower businesses to take charge of their trust narrative?
Look, we get it. In business, control isn't a luxury; it's a necessity. That's why StonePay isn't just another score on a sheet; it's your Next Gen business card. Forget subjective reviews; we're talking concrete, quantifiable proof of your business chops.

Your Score rises with each on-time payment. Points and badges? They're not just bling; they're your business street cred. And this is just the tip of the iceberg. We're talking about evolving your Reputation to include other badges like ESG policies.

So, in a nutshell: With StonePay, you're not just being rated. You're building your narrative, one smart business decision at a time.

Your tech is redefining ‘trust’ on a global scale. What challenges did you face in creating a system that transcends geographical barriers?
Redefining 'trust' globally? You bet, and let me tell you, it wasn't a walk in the park. We're talking about a problem as old as time—so old that the name StonePay nods to a Sumerian stone with one of the first IOUs. But guess what? Whether you're in New York or Nairobi, the language of trust is universal.

So, we hacked it. We made StonePay a chameleon. It doesn't care if you're using dollars, euros, or barter; it's all about validating trust. It's not about managing payments; it's about what happens before and after that handshake deal. You confirm the payment, you earn the trust. Simple as that.

So, whether you're a multinational or a small microfinance org, StonePay fits like a glove. That's the beauty of simplicity.

There's skepticism around any new model. How does StonePay's algorithm ensure that this isn't just another fad?
Skeptic about StonePay being a fad? Trust me, we're not a one-hit-wonder. We're not even primarily about algorithms; we're about behaviors, community, and actual business interactions. Imagine us as a trust barometer that goes beyond just crunching numbers.

Here's the kicker: we amplify what businesses already do—building relationships based on trust. What we've done is gamify virtuous behavior. You're good to your suppliers? Boom, that's your reputation growing right there.

This isn't some fly-by-night trend; it's Business 101, supercharged for the 21st century. Our system learns, adapts, and evolves—just like your business does.

In five words, how would you describe StonePay's technological edge?
Five words? Try these: Adaptive, Modular, Scalable, Community-Driven, Future-Proof. From flexible architecture to a buzzing transaction community, StonePay is built to evolve. We're not just 'now'; we're 'next.

A lot of startups have great ideas but fail in execution. What makes StonePay different?
What sets StonePay apart? Two words: Smart Execution. We've built a growth engine with both vertical and horizontal strategies, effortlessly integrating with existing systems. Every payment request isn't just a transaction; it's an invitation, spreading StonePay virally. It's not just about code; it's about a committed team solving real-world business pain points.

Trust is a two-way street. How does StonePay benefit not just the businesses being scored, but also the entities that rely on these scores?
With StonePay, we're not just leveling the playing field, we're creating a whole new game. Businesses now have a 360-degree platform to build and showcase a reputation that's as dynamic as they are. On the flip side, entities relying on these scores get a goldmine of actionable insights. We're talking real-time, behavior-based trust metrics that make old-school credit scores look like child's play. This isn't just risk mitigation; this is Trust 2.0.

What’s next on the tech roadmap for StonePay? Can you give us a sneak peek into any upcoming features?
Get ready, because StonePay is about to shake things up. We're launching a beta web app packed with free Premium features, and by 2024, we're rolling out seamless integrations with top accounting software. Oh, and did I mention a game-changing feature that lets you extend payment terms while boosting your Reputation Score? Trust us; you won't want to miss this.

Finally, for all the entrepreneurs reading this, why should they switch to StonePay today, not tomorrow?
Don't wait; elevate your business today. With StonePay, every transaction builds your reputation and secures your deals. It's free, and early birds get Premium perks. Each day you delay is a missed chance for more success!

Ready to Quit Playing the Numbers Game?

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