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CHIEF PRODUCT & MARKETING OFFICER Jose Caldera has been developing and marketing products for the last 20 years. An entrepreneur at heart, his focus has always been on the Enterprise, developing products and services for Information and Payments Security, Risk Mitigation and Compliance. He started in application and network security, later moving on to payments, virtual currencies, anti-fraud, and anti-money laundering. He has developed and marketed products for a number of silicon valley companies including Securify, McAfee and now IdentityMind Global. Jose earned a Masters of Science in Information Networking from Carnegie Mellon University.

This year, LendIt Europe brings together some of the most important people and largest companies in the space. There are over 150 speakers from 25 countries representing banks, online lenders, P2P lenders, law firms, and media. Of all of the sessions, listed below are the ones we found most interesting.

Lending as a Service – Inside a Banking Partnership

Lending as a service allows any bank to use a third party to make loans to its clients. It has been pitched as ‘the answer’ to many traditional and smaller brick and mortar banks, and even large financial institutions such as Citi have partnered with LendingClub. By partnering with a 3rd party banks can offer answers faster, provide loans to individuals who would otherwise be rejected, and enables them to keep customers within their proverbial four walls.

Many of our Community Banks and Credit Unions clients are transitioning, migrating their services to digital frameworks. Our experiences offering compliance services in a SaaS model relate to this subject. Everyone should be curious to understand Kabbage’s and Santander’s experiences in the subject.

Session: How Lending is Impacting Other Areas of Fintech

The traditional financial system is silo-ed with business units not sharing information. Lending is arguably the most advanced area of Fintech and the lessons learned from lending have permeated to other Fintech firms.

We serve over 50 FinTech clients and can see how some of our clients in remittances and the shared economy are using Lending as a guide to grow.

Session: The Opportunities and Risks of Peer to Peer Lending

Lord Turner is former chairman of the FCA and has a tremendous amount of knowledge as well as a very interesting perspective of the P2P lending industry at the macro level.

We have been securing P2P payments for many years and lately P2P lending. The risk in the business models is similar. There are clear similarities in how risk is assessed from the fraud and money laundering perspective.

Session: Regulation and Risk in the European Market

The regulatory space for online lending differs by country and can be fuzzy at times. Regulators who had let online lending flourish are starting to take a larger interest as it successfully scales. Certain countries such as England that have a regulatory sandbox are much further ahead than others.

Many online lenders go above and beyond with the expectation that it meets the regulator’s scrutiny. We are interested in learning and evaluating what has been the impact resulting from EU’s 4th directive regarding Anti Money Laundering and what it means for the industry. In the United States we are helping the largest players in the industry to automate KYC, Sanctions Screening, and Enhanced Due Diligence during the onboarding process. The fourth directive has direct impact on these activities.

Session: Mitigating Fraud in Online Lending

Loan default rates are at an all-time low, however fraud exists and is growing. These are applicants who have no intention of repayment. Preventing fraud is just as critical for lenders who offer smaller amounts as well as those larger amounts.

This panel discusses how they’ve reduced account origination fraud and account takeovers. In addition, there will be discussion on how identity theft rings operate and how they impact online lending.

Session: How to Underwrite When There is No Credit Information

Underwriting without credit information is tricky, but not impossible. We are curious to see what techniques are discussed in this panel. 70% of the world population is underserved by financial services, and therefore doesn’t have much, if any, traditional credit information.

IdentityMind focuses on validating users, including the unbanked and underbanked. Our solution is to use technology, alternative data sources, and out of band authentication techniques. By helping our clients onboard “thin-file” customers we have built a large database of acceptable demographics that grows on a daily basis.