Alex is CEO and co-founder of Valiant, Australia’s largest business finance platform, enabling small businesses to access over 80 lenders through one intuitive digital process. Alex is responsible for day-to-day operations of the business, strategy, distribution and partnerships. Prior to founding Valiant, Alex was a management consultant with McKinsey & Company, working with banks and healthcare institutions on their technology strategy and operations.
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.