After 45 minutes of panel debate, we asked one final question of our Aire Talks panelists. Here’s the insight they left us with…
At the outset, our panelists joined us to discuss the safe expansion of the credit box. So — to conclude our session — we asked them that same question once more. After 45 minutes of lively debate, would they have changed their view?
Here’s what they told us:
- Manik Chawla, CRO of Petal told us the safe expansion of the credit box could be achieved: ‘by lenders gaining a holistic view of a consumer’s finances along with the credit bureau.’
- Melissa Koide, CEO of FinRegLab approached the issue more broadly: ‘by realizing there is a collective interest by all (policy makers, banks, fintech and investors) to once again consider the foundations of how we assess consumers for credit and to address how new data can be used in a safe way.’
And for fintech advisor, Kevin Moss?
- ‘Through the responsible use of machine learning — as well as deposit aggregation and responsible use of that data. Those two combined create tremendous opportunities for lenders to expand the credit box.’
— Thank you Manik, Melissa and Kevin.
Aire Talks is a digital event series from Aire, bringing together leading industry experts to debate the big issues in consumer credit. To request the recording, email talks@aire.io. Register for our next discussion on innovation here.
