Alex started his professional life with McKinsey & Company as a management consultant where he worked with the Big 4 banks on technology strategy and operations. He left McKinsey to co-found Valiant Finance, a leading fintech platform that provides small businesses with the financial tools and advice to build awesome businesses. Alex is CEO of Valiant and responsible for the day-to-day operations of the business, strategy, distribution and partnerships.
This panel, the last of the day, looked at how fintech intermediaries fit in an industry that’s getting tougher and heading towards consolidation.
Peter White emphasised the role of brokers as a central intermediary, noting that they are driven by the National Consumer Credit Code. They don’t give advice they give assistance by law.
Michael Burke noted that things are getting tougher but there is still a major role for intermediaries, but margins and revenues aren’t as high as many hoped.