David Norman

Wingate Consumer Finance

General Manager & Executive Director

David has over 20 years’ experience in the consumer finance industry in Australia and New Zealand. Prior to Now Finance, David was Sales Director for GE Capital’s personal loan business as well as General Manager of their New Zealand personal loan business.

Event Sessions Featuring David Norman


Personal Unsecured Consumer Lending ‐ How to Differentiate in a Crowded Market

AltFi Australasia Summit 2018 - Monday 16 April 2018

  • Richard Blumberg said that investing heavily in legal and compliance was a must for fintechs in order to make sure that their model works. New entrants that don’t do this and make mistakes suffer dearly. He added that 92% of the personal loan market belongs to the banks thanks to credit cards.

  • Mike Laing said that the personal loan market was cannibalised and turned over to the banks thanks to the introduction of debit cards and eftpos systems, which enabled cards to be taken at point of sale. When eftpos came in that allowed credit cards to get online authorised purchases. The retailers up until that point had their own private label card programmes.