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Thursday, November 20, 2014

3:30 p.m. - 4:00 p.m.
Track: Distribution View Track

TAKING THE DIVE - CURRENT AND FUTURE BANK PARTNERSHIPS WITH ALTERNATIVE LENDERS

John Colbourne, Home Equity and Unsecured Lending Executive, UNION BANK

Over the past few months we’ve seen a number of banks form partnerships with P2P, online and other alternative lenders in a couple of different ways – equity investment in a platform, buying loans, turn-down agreements – not to mention the many years that banks have provided leverage to this market. While many see the growth in alternative lending as a threat to traditional banking, there are just as many progressive banks thinking about not being left behind. 

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