Richard Carter, CEO of Lenvi, joined us at FTT Lending 3.0 to share his views, alongside some fellow industry leaders, of the lending ecosystem and some of the key macro challenges facing providers.
Richard pointed to some of the topics debated, which included access to finance for the underserved, business finance and the ongoing uncertainly in the economic environment.
Whilst there may be plenty of uncertainty in the market, he makes the point that companies still need to plan for the longer term. That means getting the strategy in order, including plans on how to execute that strategy. Firms simply cannot afford to wait for the clouds to pass.
Lenvi provides three key sets of products to lenders including credit platforms (for both incumbent firms and newer entrants), risk analytics to factoring marketplaces and standby servicing solutions. That places Lenvi right in the middle of the action in the lending sector and the impressive number of clients that they work with demonstrates that role quite nicely.
No prizes for guessing what Richard views as the next big thing (AI) but listen to the full interview to hear how Richard views the evolution of use cases and adoption. There is a lot of change to come.
I wonder where will we be in terms of AI tools by March 2025 when we gather for the next edition of FTT Lending 3.0?
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