The New Frontier of Credit: How Technology Can Improve Access to CapitalMonday, April 30, 2012
4:00 PM - 5:00 PM
James Gutierrez, Founder, Progreso Financiero
Matt Harris, Managing Director, Bain Capital Ventures
Renaud Laplanche, CEO, Lending Club
Douglas Merrill , Founder and CEO, ZestCash
Chris Reilly, Senior Associate, TechPar Group
Technology advances are transforming most sectors of the economy, but providers of credit have not yet fully harnessed the full power of what technology can do to aid with risk management, especially when it comes to higher-risk consumer and small business credit markets. That might be about to change, as a handful of venture-backed companies have developed powerful new tools that can provide major advancements in how credit-worthiness and risk are assessed. Responsible innovation in credit is vital to a healthy U.S. financial system, but these firms face major challenges in moving from the startup to the growth phase and achieving wider adoption of these tools. This panel will evaluate the opportunities presented by advancements in technology as well as the political, financial and systemic obstacles to innovation.