Lending in the new normal

09 Nov 2021
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Lending in the new normal

Lending in the new normal

09 Nov 2021
About the speaker
  • Scott Stewart
    Scott Stewart
    CEO at Innovative Lending Platform Association
    Over the past 20 years, Scott envisioned, designed, built, and operated a variety of organizations to successfully achieve public policy objectives. As the CEO of the Innovative Lending Platform Association, Scott guides the development and expansion of the organization representing online small business lenders. ILPA advances best practices and standards that support responsible innovation and access to capital for small businesses. Under Scott’s leadership, ILPA successfully developed small business financing disclosure legislation in New York and guided it through passage in the legislature. The Governor signed it into law in 2020. Previously, as the Senior Director of FinTech Initiatives for the Financial Services Roundtable, Scott developed and implemented collaborative programs between technology companies and financial institutions to find common ground on technical issues and public policy. He also designed and executed the first FinTech Ideas Festival that featured the world’s leaders at the confluence of finance, innovation and technology and was livestreamed by CNBC. The event included 110 CEOs from the financial services and technology industries and top trended on Twitter.

Key takeaways

Providing access is the most effective way to assist SMEs in solving their difficulties.

Lenders are particularly interested in assisting SMEs with their concerns of efficiency and convenience after the pandemic.

Financial institutions that can make lending procedures easier for SMEs are in high demand.