HOUSE_OVERSIGHT_014366.jpg
Extraction Summary
2
People
5
Organizations
1
Locations
1
Events
1
Relationships
3
Quotes
Document Information
Type:
Financial conference report page / committee exhibit
File Size:
Summary
This document is page 52 from a Bank of America Merrill Lynch report on its '2016 Future of Financials Conference'. It summarizes panel discussions on investment risks in tech-based lending and payments companies, featuring insights from panelists Jonathan Lear (Earthport) and Bruce Parker (Modopayments). The document, which carries the Bates number 'HOUSE_OVERSIGHT_014366', appears to be entirely focused on financial industry analysis and contains no information related to Jeffrey Epstein.
People (2)
| Name | Role | Context |
|---|---|---|
| Jonathan Lear | President - North America, Earthport |
Spoke as a panelist on 'The Future of Payments' panel at the 2016 Future of Financials Conference.
|
| Bruce Parker | Founder of Modopayments |
Spoke as a panelist on 'The Future of Payments' panel at the 2016 Future of Financials Conference.
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
Host of the '2016 Future of Financials Conference' and publisher of the report.
|
|
| Earthport |
Company where panelist Jonathan Lear was President - North America.
|
|
| Modopayments |
Company founded by panelist Bruce Parker.
|
|
| Fin Tech companies |
The subject of discussion regarding investment risks and business strategies.
|
|
| HOUSE_OVERSIGHT |
The document is labeled with the Bates number 'HOUSE_OVERSIGHT_014366', suggesting it was part of materials submitted...
|
Timeline (1 events)
2016-11-17
The '2016 Future of Financials Conference' hosted by Bank of America Merrill Lynch, which included a panel discussion titled 'The Future of Payments: The Need for Speed'.
Not specified
Locations (1)
| Location | Context |
|---|---|
|
Mentioned as the region of responsibility for panelist Jonathan Lear (President - North America, Earthport).
|
Relationships (1)
Both spoke on 'The Future of Payments' panel at the 2016 Future of Financials Conference.
Key Quotes (3)
"Panelists agreed that flexible funding models that utilized both balance sheet lending and distribution of loans were important for a tech based lender."Source
HOUSE_OVERSIGHT_014366.jpg
Quote #1
"Audience members identified the lack of a clear value proposition for new players relative to incumbents and concerns about Safety and Security as the largest risks to investing in new Fin Tech payments companies."Source
HOUSE_OVERSIGHT_014366.jpg
Quote #2
"Panelists generally thought the best way for a new Fin Tech companies to succeed was by partnering with incumbents."Source
HOUSE_OVERSIGHT_014366.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (2,005 characters)
Chart 76: Biggest risks to investing in a tech-based lending companies
40%
30%
20%
10%
0%
29%
No sustainable competitive advantage
32%
Untested credit model/risk management
32%
Fragile funding model
7%
Uncertain regulatory backdrop
Source: BofA Merrill Lynch Global Research
40%
30%
20%
10%
0%
29%
No sustainable competitive advantage
32%
Untested credit model/risk management
32%
Fragile funding model
7%
Uncertain regulatory backdrop
Source: BofA Merrill Lynch Global Research
Panelists agreed that flexible funding models that utilized both balance sheet lending and distribution of loans were important for a tech based lender. Additionally, panelists said that risk management is top of mind and tech based lenders are increasingly applying refined analytics that rely on credit variables directly from credit bureaus into their lending and portfolio management decisions
The Future of Payments: The Need for Speed
Jonathan Lear, President - North America, Earthport and Bruce Parker, Founder of Modopayments spoke on The Future of Payments panel. In a wide ranging discussion, the panelists discussed the B2B opportunity, the importance of partnering with incumbents and the need to maintain Safety standards.
Jonathan Lear, President - North America, Earthport and Bruce Parker, Founder of Modopayments spoke on The Future of Payments panel. In a wide ranging discussion, the panelists discussed the B2B opportunity, the importance of partnering with incumbents and the need to maintain Safety standards.
Audience members identified the lack of a clear value proposition for new players relative to incumbents and concerns about Safety and Security as the largest risks to investing in new Fin Tech payments companies.
Chart 77: What is the primary risk to investing in new entrants within the payments landscape?
40%
20%
0%
38%
Unclear value proposition of new entrants relative to incumbents
23%
Rapid innovation that erodes value proposition
38%
Concerns around safety & security
0%
Intense regulatory friction
Source: BofA Merrill Lynch Global Research
40%
20%
0%
38%
Unclear value proposition of new entrants relative to incumbents
23%
Rapid innovation that erodes value proposition
38%
Concerns around safety & security
0%
Intense regulatory friction
Source: BofA Merrill Lynch Global Research
Panelists generally thought the best way for a new Fin Tech companies to succeed was by partnering with incumbents. This was consistent with the views of audience members, a majority of whom thought the payments industry would continue to be controlled by incumbent institutions partnering with innovative tech companies.
52 2016 Future of Financials Conference | 17 November 2016
Bank of America
Merrill Lynch
Merrill Lynch
HOUSE_OVERSIGHT_014366
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document