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Patrick Wood Uribe

CEO at Util

Patrick Wood Uribe is a seasoned professional with a strong background at the intersection of machine learning, finance, and sustainability.

As the former CEO of Util, a FinTech startup, he utilized machine learning to assess companies' impacts on UN Sustainable Development Goals and sustainability themes.

Prior to his role at Util, Patrick held key positions at Kensho, a leading provider of AI and data analytics to financial institutions and government agencies, where he spearheaded business development and academic research.

He also provided strategic guidance to healthcare executives globally while working at The Advisory Board Company.

Patrick's academic background includes being a part-time faculty member at New York University and a tenure-track professor at Boston University, where he published research and delivered lectures at prestigious institutions worldwide.

He holds a Ph.D. from Princeton University and a B.A. in Modern Languages from the University of Oxford.

Highlights

Jan 7 · linkedin

What would you do with 20 months' head start?

Coinbase has to pay $100M over its failure “to build and maintain a functional compliance program” to guard against money laundering by its users.

When Coinbase went public, many commentators were talking about the energy consumption of crypto, so at Util we looked at what our holistic data showed were the real-world positive and negative impacts of cryptocurrency exchanges and the cryptocurrencies on them.

In Util’s newsletter we wrote at the time that “emissions aren’t Coinbase’s only, or even biggest, problem.” Their most negative impact is on ‘Peace, Justice and Strong institutions’ because of the ease of use for illicit finance: money laundering, organized crime, fraud, tax evasion, bribery, terrorism. Our comment at the time: “The list of indicators reads like an asset management compliance team’s worst nightmare.”

That was in April of 2021, twenty months ago.

And it was more than just seeing a possible downside: our data measurably showed that these were the greater negative impacts on the world. I am so proud of the team at Util that built, and continues to build better ways for investors to inform their decisions.

#sustainability #sustainablefinance #cryptocurrency #assetmanagement

Dec 30 · linkedin

#sustainableinvesting #sustainabledevelopmentgoals

Patrick Wood Uribe
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Location

United States