You can't automate B2B lending 100% just on API, human element will always remain...20 year veteran in lending
我最近谈到了一个天使投资者，他们将仍未违约，谈到其特定替代金融平台的承保进程。他告诉我的是，如果他们希望远离非常小的美元金额，基于股票的贷款，为什么艾尔富丁和信贷将变得更加像银行一样。他说，“我们通过我们的系统运行了数百万英镑，没有真正的财务或风险管理或基于资产的贷款经验。”想一想一分钟。从本质上讲，他说的是，我们没有理解风险，抵押，损失恢复等。我们所确认的是如何使用软件，记分卡和风险评级模型来加速速度，以便决定“客户”许多人时间仍然不露面，从未见过面。
Very interesting business model you would say. Certainly the credit card companies can get away with it, with their scalable consumer model of high rates which can absorb high loan defaults and chargeoffs. But not lending, certainly not unsecured lending when you have no collateral to fall back on. As I see it, in order for many AltFin vendors to avoid significant credit losses during a change in the credit cycle, they will need to build in more manual underwriting and stringent onboarding into their process, ie in essence become more like Banks.
In fact, some have already gone down that path and hired ex bankers or commercial financiers to put in a traditional focused risk team.
If you truly stress tested your loan book, what percent would make you uncomfortable? Many lenders have loans that can turn into defaults if only a few things change in the business environment or for specific sectors.
The math is simple, you can make many loans but if one $2 million loan goes south, take control of defaults to recover the debt before it gets stuck in bankruptcy administration
The fundamental question remains -How can you be fast and disruptive but yet have the solid risk management capabilities?
The talk has been how banks need to be more like fintech, but in reality, when it comes to business lending, perhaps fintech needs to be more like banks.
Because if you lend, there will be defaults.
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