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Modernizing employment data infrastructure to unlock innovation with Jeremy Zhang

SMB Tech Innovators, powered by Gusto · 2024-12-19 · 31 min

Episode notes

On this episode, Jeremy Zhang , Co-Founder and CEO at Finch , discusses the challenges of fragmented employment systems and how Finch is creating solutions through unified APIs. With insights on industry innovation, compliance and new-age benefits, Jeremy highlights how Finch is shaping the future of employment data infrastructure. Key Takeaways: (01:27) Unified APIs connect employment data, process payments and streamline HR functions for employers and applications. (03:12) Simplify retirement benefits by connecting census data, pay statements and payroll deductions. (04:46) Finch connects 50,000 employers and 5 million employees, powering equity management, health insurance and retirement systems. (08:43) Sensitive employee data demands secure handling to prevent breaches like Equifax’s $700M settlement. (11:57) Finch builds a centralized API exchange layer that eliminates inefficiencies in employment data, improving compliance and accuracy. (14:30) Fragmentation from 6,000 US payroll providers complicates standardization and connectivity. (22:38) ICHRA benefits let employees buy health insurance, with unused funds covering other health expenses, powered by Finch.

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