1 00:00:00.385 --> 00:00:00.925 Hey everyone. 2 00:00:00.925 --> 00:00:02.005 Alison Berger here. 3 00:00:02.065 --> 00:00:03.685 I'm at Broker Fair 2024, 4 00:00:03.705 --> 00:00:06.525 and I'm now joined with Trey Markle with RI software. 5 00:00:06.915 --> 00:00:08.005 Tell me about ri. 6 00:00:08.885 --> 00:00:10.205 RI is an ecosystem 7 00:00:10.545 --> 00:00:13.365 of white labeled FinTech products for the finance industry. 8 00:00:13.365 --> 00:00:14.885 So we do a lot of consumer lending, we do a lot 9 00:00:14.885 --> 00:00:16.525 of business lending, we do a lot of business advances, 10 00:00:16.825 --> 00:00:18.725 and we've got a pretty large ecosystem 11 00:00:18.825 --> 00:00:20.405 for finance companies to run their business. 12 00:00:20.985 --> 00:00:21.965 And how are you different 13 00:00:21.965 --> 00:00:23.205 than everyone else in the industry? 14 00:00:23.705 --> 00:00:25.485 You know, we have a vast platform, right? 15 00:00:25.485 --> 00:00:26.965 There's a lot included there. 16 00:00:27.145 --> 00:00:30.245 Um, finance companies are growing, kind of tired 17 00:00:30.265 --> 00:00:31.205 of bolting together, 18 00:00:31.795 --> 00:00:34.085 5, 8, 9, 10 different software platforms. 19 00:00:34.085 --> 00:00:36.245 And CRE has built kind of a cool place where we can do a lot 20 00:00:36.245 --> 00:00:37.285 of stuff under one roof. 21 00:00:37.625 --> 00:00:39.165 And I would say that's a big value 22 00:00:39.165 --> 00:00:40.245 for a lot of finance companies. 23 00:00:40.755 --> 00:00:43.445 It's important to get everything in one place these days. 24 00:00:43.925 --> 00:00:46.125 I mean, yeah, it's, I would say it's a large ask. 25 00:00:46.245 --> 00:00:48.245 I don't think you can totally get everything in one place, 26 00:00:48.385 --> 00:00:49.805 but I think Rex has really 27 00:00:50.355 --> 00:00:52.565 been the front runner in trying to accomplish that. 28 00:00:52.775 --> 00:00:54.085 Kinda like, you know, your Walmart 29 00:00:54.185 --> 00:00:55.405 or your Target where you can go 30 00:00:55.405 --> 00:00:57.245 and really kind of get, you know, a lot of things. 31 00:00:57.725 --> 00:00:59.525 Centrex has been able to try to prove that over the years. 32 00:00:59.525 --> 00:01:00.365 And we're getting, we're getting 33 00:01:00.365 --> 00:01:01.085 better. We're getting closer. 34 00:01:01.505 --> 00:01:02.885 How are you proving it? What are you doing? 35 00:01:03.425 --> 00:01:05.285 Oh, we've got so much technology coming out. 36 00:01:05.285 --> 00:01:07.485 We're really excited about our wallet technology coming out. 37 00:01:07.485 --> 00:01:09.245 There's a lot of talk about reconciliation, 38 00:01:09.385 --> 00:01:11.565 so we've got a great integration with Plaid 39 00:01:11.865 --> 00:01:15.525 and being able to, uh, meld together the a CH drafts 40 00:01:15.525 --> 00:01:17.525 and say, Hey, have you overdrafted, have you overdrafted? 41 00:01:17.705 --> 00:01:20.005 We have our CRM mobile app coming out 42 00:01:20.005 --> 00:01:21.165 very soon, which is very exciting. 43 00:01:21.425 --> 00:01:22.885 So just a lot of new great tech 44 00:01:22.885 --> 00:01:24.045 for the industry and for the product. 45 00:01:24.795 --> 00:01:25.805 What trends are you seeing? 46 00:01:25.825 --> 00:01:27.365 Is the app an important addition 47 00:01:27.365 --> 00:01:28.525 to what you're already offering? 48 00:01:28.955 --> 00:01:31.045 Yeah, you know, I think business is on the go these days. 49 00:01:31.165 --> 00:01:33.005 I, I, I would argue that it's always been on the go, 50 00:01:33.065 --> 00:01:35.205 but I think, you know, whether you're an ISO shop, 51 00:01:35.325 --> 00:01:38.165 a representative, an underwriter, a funder, a law firm, 52 00:01:38.185 --> 00:01:39.925 an attorney, or an accountant that has access 53 00:01:39.925 --> 00:01:41.085 to the RI ecosystem, 54 00:01:41.185 --> 00:01:43.405 having a really great interface on the go, 55 00:01:43.475 --> 00:01:44.485 sitting on the train, 56 00:01:44.485 --> 00:01:46.245 sitting on a plane, that's really great. 57 00:01:46.415 --> 00:01:49.125 Right now, logging into the RI system just on a browser on 58 00:01:49.125 --> 00:01:51.325 your phone is a little, a little tough, right? 59 00:01:51.425 --> 00:01:53.165 So I think the app will be a great one. 60 00:01:53.165 --> 00:01:54.365 And then a lot of the other features 61 00:01:54.365 --> 00:01:55.885 that we're adding either gonna be 62 00:01:55.885 --> 00:01:57.525 really valuable for finance companies. 63 00:01:57.755 --> 00:01:59.125 What are some of those other features? 64 00:01:59.355 --> 00:02:01.725 Well, like I said, the reconciliation product, um, 65 00:02:01.855 --> 00:02:04.485 we've got the wallet technology coming out with a, uh, 66 00:02:04.485 --> 00:02:06.925 with a a CH processor with our bank on the backend. 67 00:02:06.925 --> 00:02:08.605 So you can manage all the liquidity of a fund 68 00:02:08.945 --> 00:02:10.925 and lots of other stuff on the dev schedule. 69 00:02:11.235 --> 00:02:12.845 It's exciting. The future looks good. 70 00:02:12.915 --> 00:02:14.525 Yeah. Yeah, it's exciting. It's very exciting. 71 00:02:14.825 --> 00:02:16.925 So how do you see the rest of the year going for you? 72 00:02:17.745 --> 00:02:19.965 You know, right now I think everyone's a little spooked 73 00:02:19.965 --> 00:02:21.605 with what's happening with the ag in New York 74 00:02:21.665 --> 00:02:23.685 and some of the regulation coming down to the industry. 75 00:02:23.905 --> 00:02:26.005 So I think right now, I think everyone's kind 76 00:02:26.005 --> 00:02:28.845 of like settling and saying, okay, what's happening? 77 00:02:28.905 --> 00:02:30.845 What's not happening? How are people feeling? 78 00:02:30.845 --> 00:02:32.125 What's the deal with merchants? 79 00:02:32.335 --> 00:02:34.805 We're in an election year, interest rates are still high. 80 00:02:35.345 --> 00:02:38.805 So have we seen the growth in previous years this year? 81 00:02:39.105 --> 00:02:41.645 Not necessarily. We're still growing at a great rate, 82 00:02:41.825 --> 00:02:43.845 but I think we want to get through the year, we want to get 83 00:02:43.845 --> 00:02:46.445 through the election, we wanna see what happens, see 84 00:02:46.445 --> 00:02:48.165 what happens with interest rates and inflation, 85 00:02:48.345 --> 00:02:50.485 and then I think we'll see a nice boom coming out of it. 86 00:02:50.945 --> 00:02:52.845 It seems like you're on the right path. I 87 00:02:52.845 --> 00:02:53.845 Hope so. I hope so. We're 88 00:02:53.845 --> 00:02:54.365 trying, 89 00:02:55.315 --> 00:02:56.315 It's obvious. 90 00:02:56.465 --> 00:02:59.725 So I'm having everyone give me a 32nd broker bite. 91 00:02:59.755 --> 00:03:01.365 What are you looking forward to most today? 92 00:03:02.145 --> 00:03:04.805 You know, I love, I'm a social butterfly. 93 00:03:04.925 --> 00:03:07.205 I love seeing everyone face to face. I love shaking hands. 94 00:03:07.215 --> 00:03:09.045 We've got a lot of clients here at Broker Fair. 95 00:03:09.175 --> 00:03:11.405 We've got a lot of potential clients here at Broker Fair. 96 00:03:11.625 --> 00:03:14.605 Um, shaking Sean's hand is always great seeing those posts 97 00:03:14.605 --> 00:03:16.725 last night on LinkedIn of him at the, uh, everywhere, 98 00:03:16.725 --> 00:03:18.005 nowhere bar was awesome. 99 00:03:18.315 --> 00:03:19.925 He's always got his new suit on, you know. 100 00:03:20.225 --> 00:03:21.485 Um, so look, it's a great 101 00:03:21.485 --> 00:03:23.485 community bringing people together. 102 00:03:24.065 --> 00:03:26.245 Uh, it, it, it, it, it only works. 103 00:03:26.465 --> 00:03:28.245 It only works when we separate each other 104 00:03:28.385 --> 00:03:30.085 and we don't see each other face to face 105 00:03:30.105 --> 00:03:31.765 and look in each other's eyes and shake hands. 106 00:03:32.205 --> 00:03:35.045 I feel like quality business suffers. 107 00:03:35.265 --> 00:03:37.245 So when we all get together and we all look at each other 108 00:03:37.265 --> 00:03:39.045 and say, Hey, what can we do for the industry? 109 00:03:39.235 --> 00:03:40.285 What can we do for each other? 110 00:03:40.625 --> 00:03:42.445 That's where I think we see progress. 111 00:03:42.665 --> 00:03:43.805 So that's what this show's for 112 00:03:43.805 --> 00:03:44.845 and that's what I'm most excited about. 113 00:03:45.115 --> 00:03:47.485 Well, thank you for coming face to face with me. Yes. 114 00:03:47.745 --> 00:03:49.405 And so we will be right back.