The platform for innovation in financial services
Financial services are math made real by technology. A massive increase in the availability of data, new technologies for engaging with customers, and advanced analytical techniques are rewriting the industry and creating incredible opportunities. We are a team built to take advantage of these opportunities.
If you want to change the industry, you need insider connections to the systems that power it. Eastern Labs has access to the full data and digital assets of Eastern Bank, an institution with 200 years of history. Our ability to rapidly prototype and launch new technologies with Eastern Bank is a powerful advantage.
Scaling a financial services business is hard, so we created an environment to make it easier. When an experiment is successful, we spin out a new business that already has talent, capital, and partners. We also "spin in" ideas to Eastern Bank, providing multiple monetization paths. In addition, we partner with existing companies where our access and capital can accelerate innovation.
We get really excited about building things. We like applied math a whole lot. We are entrepreneurs, published scientists, former physics teachers, musicians, and geeks.
Head of Eastern Labs, Chief Digital Officer Eastern Bank, entrepreneur, banker, teacher, marketer.
Before helping found Eastern Labs, Dan was the CEO of PerkStreet Financial, which he co-founded, raised multiple rounds of capital for, and grew to $1 billion in annual transaction volume. Prior to PerkStreet, Dan was an executive at Capital One, where he co-founded Capital One’s Payments division and relaunched the company’s cash back credit card. He began his career as a consultant at Oliver Wyman, serving Fortune 1000 financial services firms and retailers. Dan has a passion for furthering STEM education and took a sabbatical to teach high school physics. He has a degree in Operations Research from Princeton.
Chief Data Scientist, head skeptic, Python-lover, occasional copywriter, musician, published scientist.
Before helping found Eastern Labs, John was the head of analytics at PerkStreet Financial, where he built analytics and technology infrastructure that predicted customer spend, increased lifetime value, and optimized the marketing and account opening engine. Prior to helping found PerkStreet, John was EVP of Analytics at Mullen, where he built optimization technology for financial services clients including ING, Ally, and LendingTree. John is a published scientist with works appearing in Science and Nature and graduated from MIT with a degree in Cognitive Science. When he's not making tech, John loves making music. The worldwide album sales from his bands just might cover what he spends on music.
SVP Emerging Technologies, start-up veteran, financial data visualization expert, accomplished builder, Brit.
Before co-founding Eastern Labs, Laurence was the former CFO of PerkStreet Financial. In addition to running the finance function, Laurence built the company’s bank settlement infrastructure, enabling PerkStreet to launch the second generation of its online banking platform through multiple bank partnerships. Prior to PerkStreet, Laurence helped build several successful e-commerce technology companies. He was COO/CFO of Searchandise (acquired by Rich Relavance), Dotomi (acquired by ValueClick, NASDAQ: VCLK), and eStara (acquired by ATG, NASDAQ: ARTG). Laurence has a degree in engineering from Cambridge. While his degree was in computer, not civil, engineering, that hasn’t stopped Laurence from completing a half-dozen construction projects as general contractor.
VP Technology & Analytics, engineer, architect, high frequency transaction expert, builder of businesses, maker of robots.
Before co-founding Eastern Labs, Sean was the senior engineer at PerkStreet Financial, where he built many of the key technologies that powered PerkStreet's innovative online banking platform, including the spend prediction technology that helped PerkStreet earn more than three times the revenue from targeted consumer offers than any bank in the country. Sean has founded, created technology for, and scaled numerous businesses in his career and the companies he has been a part of have had initial public offerings of over $70 million dollars and been acquired for over $120 million. His focus on the financial services (PerkStreet, FluidTrade, RoamData) and commerce (Demandware, Collexpo, Tippingpoint Labs) verticals has made him an expert in high frequency, low fault tolerance applications. Sean is a active member of the maker movement and several of the robots he has personally built and coded help him out around the house.
Chief Product Officer, payments and credit expert, small company guy, big company guy, IPO veteran, competitive stunt kite flyer.
Before helping create Labs, Jeremy was President, North America of Prodigy Finance, the high-growth startup that helped create the P2P student loan market. As the head of marketing and business development he tripled loan volume while keeping defaults under 1%. Jeremy has spent his career comfortably moving between startups (Prodigy; InLytics) and larger companies (VP, Capital One; SVP, First Marblehead). Or sometimes both at the same company, as when he helped build About.com as the head of e-commerce development and built the financial model for About's successful IPO. Common to both types of roles has been a focus on product innovation and financial analytics. Jeremy grew up in South Africa, where his love of the outdoors led to getting bitten by a duck and to his fear of quacking (he has never worked for Aflac). Jeremy has an MBA from Stanford and a BA from from Yale where he was inducted into Phi Beta Kappa.
SVP Product Development, credit risk expert, quantitative marketer, competitive volleyball player, rocket scientist.
Prior to Eastern Labs, Lowell was head of Product Development at CAN Capital, the largest alternative small business lender in the U.S., growing at nearly 100% annually. His work to create a new product for high credit quality customers delivered significant incremental volume at very low loss rates. Prior to CAN, Lowell was an executive at Capital One. His quantitative marketing models helped optimize hundreds of millions of dollars of marketing spend in the credit card and banking divisions and the credit risk models he built helped open new product categories. While his work at Capital One and CAN showed that Lowell is cool under fire, his prior career designing rocket motors at the Naval Surface Warfare Center proved it literally — the Insensitive Munitions (IM) safe rocket motor he designed won’t detonate if/when it catches on fire, a rather useful feature. Lowell is a competitive beach volleyball player, proving he’s not a complete nerd. He has undergraduate (RPI) and masters (George Washingon) degrees in mechanical engineering.
Data scientist, researcher, athlete, mathlete.
Before helping create Labs, Charlie was a member of the machine learning team at Aetna, the Fortune 100 health care company. With access to petabytes of health and insurance data, Charlie’s sentiment analyses, text mining, and predictive models helped improve care for the 45 million Americans. In his academic career, Charlie researched the effects of public subsidization of sports stadiums and natural disasters on housing markets, proving the linkage between the 2010 Boulder forest fires and the subsequent drop in home prices. He also demonstrated and quantified the effect the publication of Moneyball on player salaries, which was pretty cool. Charlie is comfortable in both the Python analytical libraries and R, and has experience with both structured and unstructured data. He has dual degrees in Mathematics and Economics from Holy Cross.
HAVE A SIMILAR VISION FOR THE FUTURE OF FINANCIAL SERVICES? HAVE AN IDEA AND WANT TO BUILD IT HERE? LET'S DO IT.
We’re looking for smart people who want to change banking. We’re hiring engineers and data scientists but even if that’s not you, tell us about yourself, what you want to fix, and how we can help.
You've already figured out a solution to a problem. You've likely done a ton of research. Maybe you've built a mock-up or even a prototype. You're ready to take the take leap.
Does your company have technology that we could help accelerate? Are you a similarly minded bank or financial institution that wants to compare notes?