Small Business Lending Partnerships Pros and Cons Between Banks and Fintech Firms is a Key Focus at Bank/Alternative Lending Summit in NYC

A diverse panel of senior industry execs from the American Banker’s Association, Cross River Bank, The Private Bank, along with fintech companies such as Fundation, Kabbage, LendKey, OnDeck, Orchard Platform and SmartBiz will be sharing insights.

CHARLOTTE, NC, March 03, 2017 /24-7PressRelease/ — Bank/Alternative Lender Strategic Partnership Summit (May 10-11 at the Princeton Club in NYC) will be narrowing the event focus to cover in-depth small business lending partnerships between banks and fintech firms for their 2017 program.

The growing online lending industry has been re-paving the way for banks to step back into small business loans in a big way. Some banks have already taken that leap, not by themselves but by partnering with fintech companies. Major players like JP Morgan, and Citi have already formed alliances to help with not only extending small business loan offerings online but in some cases to help speed up the loan approval process dramatically.

Bringing together a well thought out line-up of industry experts, the Bank/Alternative Lender Strategic Partnership Summit plans to examine the process of partnership from both sides. Banks and alternative finance companies will hear key experts unpack what opportunities exist and where caution should be exercised.

Kabbage–a data and technology real-time lending platform as well as a player in the small business lending space will be one of the companies featured at the summit. Kevin Phillips, Kabbage’s head of corporate development and conference chair, believes that this year will see an uptick in bank/alternative lender partnerships. Phillips recently stated, “As a result of the work of and good execution by early adopters, 2017 looks to be the year where fintech-bank partnerships move into the mainstream.”

In one-and-a-half-days, a diverse panel of senior industry executives from the American Banker’s Association, Cross River Bank, The Private Bank, along with fintech companies such as Fundation, Kabbage, LendKey, OnDeck, Orchard Platform and SmartBiz will be among key experts holding candid discussions on the opportunities, challenges, and the future of the small business lending industry in an interactive setting.

A hard look will be given to topics such as key factors for identifying an ideal partner; how to know when to walk away from a potential partnership; the ways banks and fintech companies are teaming up to improve underwriting and risk management; and, the essential steps for conducting due diligence.

More information about the summit can be found at https://goo.gl/c6Kx7b

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