Benjamin Alden, Betterment GC: Data Restrictions Hurt Our Customers
By David Ruiz
Benjamin Alden, general counsel of personal finance startup Betterment, is caught up in a classic tale of industry disruption: His company allows users to manage their finances by linking their various financial accounts—including bank accounts and credit card info—into one dashboard.
Alden recently spoke with The Recorder about how his company has responded to such restrictions, what type of government oversight his startup complies with, and what he wants large banks to understand. The following interview has been edited for clarity and length.