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Talking P2P with Capital Match’s Pawel Kuznicki

12 - 02 - 2016 | Oliver | Future Bank

P2P lending is one of the hottest topics in fintech, and we’re incredibly excited to be bringing together a panel at Future Bank Asia to discuss the critical challenges facing this emerging sector. One of our superstar panelists is Pawel Kuznicki, CEO of Capital Match, who we sat down with earlier in the week to discuss all things P2P:

What is the greatest opportunity that you see facing Capital Match in 2016?

We are planning to roll out a number of new products and services in 2016. We not only expect an organic growth in our core lending, but also want to diversify in other financial services verticals. We want to build stronger foundations for the future, especially for the upcoming economic slowdown.

What has triggered the increased global interest in P2P lending?

Following financial crises in 2007-08, banks have decreased their exposure to areas characterized by relatively low return, high unit cost and medium to high risk. Such areas include some segments of consumer and SME lending. Using novel credit technologies and marketplace business model, new entrants improved the risk-return profile of consumer/SME lending and started serving the abandoned segments of the market slowly eating into banks’ territory.

How can established banks best benefit from innovation in P2P?

By teaming up with P2P lending platforms. Both in terms of cross-referral opportunities and technology exchange. Banks and P2P lending platforms serve different segments of the clients, thus, there is little direct competition or overlap.

Why is Asia such a great market for opportunities in fintech?

Large parts of the population in Asia are still “unbanked”. Fintech companies can provide banking services to people directly to a large extent bypassing the current infrastructure of banks.

Who is your fintech or startup industry hero?

SoFi – a P2P lending platform for student loans in the US. They started as a platform for students loans and over time expanded their portfolio to include other lending products as well as wealth management services, among others. They are now building a bank of the future. It’s impressive how they started as a lending platform and now they aspire to design a cutting-edge, whole new banking platform from scratch using latest technologies.

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