Richard Blumberg

Wingate Consumer Finance

Founder & Managing Director

Richard has over 28 years of experience in financial markets, including managing teams and establishing new businesses both in Australia and offshore. Richard’s career has included senior roles at ING Barings, Investec Bank, Hindal Group (sold to Credit Suisse) and River Capital.

Event Sessions Featuring Richard Blumberg


Panel

The Challenges for Lenders of Optimising their Funding Model

AltFi Australasia Summit 2018 - 16th April 2018

This panel looked at how alternative lenders can generate funds to lend more easily.

  • There was a consensus around the fact that consumers want ease of access and a frictionless experience. Fintech lenders operating in this space are bound by the consumer lending code, which is tighter than small business lending.
  • John Cummins and Anna Harper stressed that some funding models are more efficient for particular market segments of investors and borrowers
  • Phillippe Roger and Keith Rodwell remembered that fintechs have to be mindful of what can be profitably lent and need a know-thy-customer mindset. Here, detailed knowledge of the industry and the appropriate dedicated systems can help.