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AltFi Europe Summit 2017

WELCOME TO OUR 2017 EUROPE SUMMIT REVIEW


A huge thank you to all those who attended and supported the AltFi Europe Summit 2017!


Banking was the hot topic at the fourth iteration of the AltFi Europe Summit. The UK's biggest and oldest marketplace lenders went separate ways on whether or not to launch a bank, while many of the most promising digital banks were also on display. Could these fintech banking disruptors be the ideal partners of the future for alternative finance providers? Read on to find out!


Agenda

Day 1 - 30 Mar 2017
10:00 - 10:30
SESSION
To be or not to be a bank
SPEAKERS
10:30 - 11:00
SESSION
The search for yield: the role of alternative investments in a post‐Brexit environment
The alternative credit universe has been red hot in the months since the UK voted to leave the European Union, but why? What is it about this asset class that attracts managers in times of uncertainty? Moderator: David Stevenson (AltFi)
SPEAKERS
11:00 - 11:30
SESSION
Is high street bank collaboration bad news for customers?
The alternative finance sector, and indeed the fintech sector more generally, has gotten pretty comfortable with the notion that bank collaboration is the way forward. But according to a recent report from Starling Bank, way of thinking plays right into the hands of the banks, and is the root cause of a general waning in customer centricity across the fintech space. Which begs the question: is bank collaboration really the right way forward? Moderator: David Stevenson (AltFi)
SPEAKERS
11:30 - 12:00
SESSION
Coffee and networking
SPEAKERS
12:00 - 12:30
SESSION
Why challenger banks and marketplace lenders are natural bedfellows
Zopa and Metro Bank blazed the trail for platform challenger bank partnerships back in May 2015. In this special keynote speech, we learn more about these kinds of partnerships and make the case for more alternative lender challenger bank collaboration. Moderator: John Stepek (MoneyWeek)
SPEAKERS
12:00 - 13:00
SESSION
Equity crowdfunding
Is performance data now the gold standard? And what do the numbers tell us? Understanding the complexities of volume reporting What level of due diligence is being performed on prospective fundraisers? Are individual investors well placed to perform due diligence?
SPEAKERS
12:30 - 13:00
SESSION
Synergies in fintech: Identifying complementary niches
What opportunities are there for the many different strands of the fintech web to be interwoven? For alternative finance specifically, what are the synergies between platforms and digital banks, advisors and financial health apps? We already seen some partnerships forming, but how are they progressing? Moderator: Kadhim Shubber (FT Alphaville)
SPEAKERS
13:00 - 14:00
SESSION
Ecosystem
How and why will standardisation be important? Are gateway platforms competing with lenders for customers? Why open banking will be a boon for alternative lenders? Blockchain 101: understanding the synergies between blockchain and alternative finance
SPEAKERS
13:00 - 13:30
SESSION
Fintech synergies in action
CEO Nikolay Storonsky and Nick Harding, CEO of Lending Works, shed further light on their recent partnership. For those who missed it, the two firms recently joined forces to launch an instant credit offering for 500,000+ users. Moderator: Ryan Weeks (AltFi)
SPEAKERS
13:30 - 14:00
SESSION
Why we're launching a bank
Zopa announced that it would be applying for a banking licence in November 2016, thus becoming the first marketplace lender in the world to pursue the launch of a bank. But what will Zopa's next generation banking service look like, and why has the world's original marketplace lending platform opted to launch a bank in the first place? Zopa CEO Jaidev Janardana has the answers...
SPEAKERS
14:00 - 15:00
SESSION
Lunch
SPEAKERS
15:00 - 15:30
SESSION
Cracking the IFA market: What needs to be done?
Marketplace lenders have long puzzled over how to crack open the IFA market. Conservative beasts by nature, there seems to be no quick fix for courting financial advisors. But what can marketplace lenders do to help advisors over the line? How will advisors prove suitability in a sector so varied as marketplace lending? And what really is the size of the opportunity? Moderator: Harriet Green (CityAM)
SPEAKERS
15:30 - 16:00
SESSION
Standardisation, positioning, or track record: What's the key for long‐term capital managers?
Long term capital providers, insurance funds, pension funds, European asset managers, etc. have so far declined, for the most part, to engage with the online lending sector. But these traditional fixed income investors are a natural fit for the asset class, and something of a holy grail for platforms and funds alike. Bearing that in mind, what needs to be done for this new cohort of investors to start taking online lending seriously? Moderator: Peter Renton (Lend Academy)
SPEAKERS
16:00 - 16:20
SESSION
Securitisation spotlight: Why the growing demand for marketplace lending paper will drive down funding costs
Securitisations were slow to emerge in Europe's marketplace lending space. But with two deals now notched, and a significant tightening in pricing from one to the other (despite identical ratings from Moody's), is it fair to say that European institutions are now getting comfortable with marketplace lending as an asset class? What will be the long term benefits of this?
SPEAKERS
16:00 - 17:00
SESSION
Customer focus
Intermediation, bank collaboration, government support, can platforms remain customer centric? Opening up of sale channels Crossovers between financial health/savings apps and alternative lenders Is enough attention paid to providing transparency for borrowers?
SPEAKERS
16:20 - 16:50
SESSION
Coffee and networking
SPEAKERS
16:50 - 17:10
SESSION
Identifying and quantifying risk and return in the different underlying loan types of MPL
Marketplace lending as a sector encapsulates a wide variety of asset types, from consumer to SME loans, secured to unsecured, right through to receivables. In so varied an industry, how do investors go about comparing the many different platforms on a like basis? Loan by loan, cash flow level analysis is the answer.
SPEAKERS
17:00 - 18:00
SESSION
Alternative credit
Defining the universe: where does online lending sit within the broader alternative credit spectrum? Exploring the due diligence requirements of major pension funds and insurance funds Which are the most attractive characteristics of the alternative credit asset class?
SPEAKERS
17:10 - 17:40
SESSION
Comparing risk reward characteristics across mainland Europe and the UK
Standards of disclosure vary enormously across mainland Europe's burgeoning marketplace lending sector. Without independent, third party oversight, it's tough to compare risk and return on a like basis. In this session, we'll attempt to gauge how a range of European marketplace lenders stack up against each other and their UK counterparts. Moderator: Aloysius Fekete (AltFi Data)
SPEAKERS
17:40 - 18:10
SESSION
Consumer or business lending ‐ which has seen greater innovation in credit underwriting?
Are alternative finance providers fundamentally changing the credit underwriting process, or are they simply refining it? To what extent are new ideas like machine learning and big data analytics being applied in the industry? And upon which has technology had the greater impact ‐ business or consumer lending?
SPEAKERS

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