Pagaya, Citi, Jefferies, and Milken Institute at Money20/20: How Embedded Payments, AI, and Private Credit are Reshaping Consumer Lending
17 Outubro 2024 - 9:30AM
Business Wire
Industry experts to discuss the trends that are catapulting
change in consumer lending, and the importance of the expanding
ecosystem of private capital, fintechs and lenders in fueling a
revolution to meet the lending needs of consumers
Pagaya CEO Gal Krubiner will moderate a rich discussion with
Citi Retail Services' Head of Connected Commerce and Strategic
Growth Terry O’Neil, Jefferies Global Investment Banking Co-Head
Andrea Lee, and Milken Institute Fintech Director Nicole Valentine
on stage at the Money20/20 conference in Las Vegas on Tuesday,
October 29 at 10:05 AM local time.
A convergence of factors including the rapid evolution of AI,
widespread deployment of embedded payment products, and a surge of
interest in consumer loans from private capital investors is
redefining the consumer lending landscape. The panel will tackle
how the evolution of consumer lending is resulting in a reimagined
approach that not only improves the accuracy of credit decisions
and greatly impacts financial inclusion, but also increases
personalization and makes for a more engaged and efficient customer
experience at the point-of-sale.
“Consumer demands are driving fundamental changes on both the
front and back-end of the lending industry," said Gal Krubiner,
Co-founder and CEO of Pagaya. “AI-driven innovations like Pagaya’s
network of over 150 lenders and investors materially enhances the
ability for lenders to help many more US consumers receive the
financial opportunities they need and deserve from their company of
choice.”
“At Citi, we know consumers are influencing how payment
providers approach and evolve their lending solutions to ensure a
frictionless and transparent checkout experience,” said Terry
O’Neil, Head of Connected Commerce and Strategic Growth within
Retail Services at Citi. “Consumers’ expectations around
personalization and seamless payment processes will continue to
drive demand for intuitive lending options that help people spend
responsibly, securely and on their terms both in-store and
online.”
“The consumer lending space continues to rapidly evolve through
the use of AI, opening up new fronts for operators, and equally
important, creating greater credit accuracy and financial inclusion
for end customers,” said Andrea Lee, Global Investment Banking
Co-Head of Jefferies.
“It’s exciting to see the many ways AI is changing the landscape
of consumer lending,” said Nicole Valentine, Director of Fintech at
the Milken Institute. “These improvements will make life easier,
safer, and more transparent for both consumers and lenders.
Consumers should be able to trust that credit decisions are based
on accurate and fair data, while lenders should have the tools to
process loans efficiently and effectively as well as detect fraud.
At the Milken Institute, we’re tracking the wins where AI is a
force multiplier, and the challenges, where AI replicates the
mistakes embedded in existing data sets. AI has the power to be a
win for the consumer lending industry and it’s up to us to make it
so."
Session details are as follows:
- Title: How Embedded Payments, AI, and Private Credit are
Reshaping Consumer Lending
- Date & Time: Tuesday, October 29, 2024; 10:05 a.m. PT
- Location: The Venetian Resort, Las Vegas
Panelists:
- Gal Krubiner, Co-founder and CEO, Pagaya
- Terry O'Neil, Head of Connected Commerce and Strategic Growth,
Citi Retail Services
- Andrea Lee, Co-Head of Global Investment Banking,
Jefferies
- Nicole Valentine, FinTech Director, Milken Institute
About Pagaya Technologies
Pagaya (NASDAQ: PGY) is a global technology company making
life-changing financial products and services available to more
people nationwide, as it reshapes the financial services ecosystem.
By using machine learning, a vast data network and an AI-driven
approach, Pagaya provides consumer credit and other products for
its partners, their customers, and investors. Its proprietary API
and capital solutions integrate into its network of partners to
deliver seamless user experiences and greater access to the
mainstream economy. For more information, visit pagaya.com.
About Citi
Citi is a preeminent banking partner for institutions with
cross-border needs, a global leader in wealth management and a
valued personal bank in its home market of the United States. Citi
does business in more than 180 countries and jurisdictions,
providing corporations, governments, investors, institutions and
individuals with a broad range of financial products and
services.
Additional information may be found at www.citigroup.com | X:
@Citi | LinkedIn: www.linkedin.com/company/citi | YouTube:
www.youtube.com/citi | Facebook: www.facebook.com/citi
About Jefferies
Jefferies is a leading global, full-service investment banking
and capital markets firm that provides advisory, sales and trading,
research and wealth and asset management services. With more than
47 offices in 21 countries around the world, we offer insights and
expertise to investors, companies and governments. For more
information: www.jefferies.com.
About the Milken Institute
The Milken Institute is a nonprofit, nonpartisan think tank
focused on accelerating measurable progress on the path to a
meaningful life. With a focus on financial, physical, mental, and
environmental health, we bring together the best ideas and
innovative resourcing to develop blueprints for tackling some of
our most critical global issues through the lens of what’s pressing
now and what’s coming next. For more information, visit
https://milkeninstitute.org/.
About Money20/20
Launched by industry insiders in 2012, Money20/20 has rapidly
become the heartbeat of the global fintech ecosystem. Over the last
decade, the most innovative, fast-moving ideas and companies have
driven their growth on our platform. Mastercard, Airwallex, J.P.
Morgan, SHIELD, GCash, Stripe, Google, VISA, Adyen, and more make
transformational deals and raise their global profile with us.
Money20/20 attracts leaders from the world’s greatest banks,
payments companies, VC firms, regulators, and media platforms:
convening to cut industry-shaping deals, build world-changing
partnerships, and unlock future-defining opportunities in Las Vegas
(October 27-30, 2024), Bangkok (April 22-24, 2025), and Amsterdam
(June 3-5, 2025). Money20/20 also recently launched Twentyfold, a
Digital Intelligence product containing the deepest and widest
repository of fintech startup data in the world. Money20/20 is
where the world’s fintech leaders convene to grow their brands.
Money20/20 is part of Ascential plc.
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version on businesswire.com: https://www.businesswire.com/news/home/20241017980649/en/
Media
Pagaya Emily Passer 913-424-5524 press@pagaya.com
Citi Courtney Klopfer 718-704-4637
courtney.klopfer@citi.com
Jefferies Jonathan Freedman 212-284-2300
mediacontact@jefferies.com
Milken Institute Chad Clinton 202-262-1067
cclinton@milkeninstitute.org
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