Experience Orchard’s 2017 LendIt USA w/Photos
We enjoyed meeting everyone at booth #422 this year. It was an exciting couple of days. Thanks to everyone who stopped by and made this another great LendIt USA for Orchard.
If you couldn’t make the event this year or didn’t find time to swing by our booth, please enjoy the photo highlights below!
Ethan Schwarzbach shows off the Orchard booth before the conference open. Big thanks to Hallie Bonnar for all her work on planning & execution, ensuring the event ran smoothly for us.
The Orchard team was out in full force, engaged in countless conversations with both new and familiar faces throughout the day. Rumors last year that the industry was in decline were clearly wrong. There was a lot of energy at the conference and conversations ranged from the introductory “What does Orchard do?”, to deeper dives on topics that included:
- Curiosity about Orchard’s views on near-term industry trends: Expansion vs. consolidation, banking partnerships, and increased specialization and tailored credit offerings.
- Data standardization: Echoing our recent white paper and initiatives, many were eager to understand our approach and the value it could bring to their particular specialty.
- International expansion: While most conference attendees were U.S. based, we had conversations with representatives from firms from all over the world, as we continue to see the space growing globally.
- Investor comfort: A lot of investors scaled back on loan purchases in 2016. Given our conversations (not to mention the flurry of announcements leading up to, and in the days since the conference) investors have clearly returned.
Chief Commercial Officer, Bill Ullman moderated a panel on The Investor’s Perspective track entitled Risk Management & Credit Analysis for Mispriced Opportunities featuring: Brendan Ross, Direct Lending Investments; Tom Rutledge, Magnetar Capital; Don Davis, Prime Meridian; Olivier D’Meza, Pine River; Peter Sterling, Coastland Capital.
Given the panel’s participants and level of expertise, it was no surprise it was well attended. Well, maybe a little surprising when you consider its proximity to the much anticipated Day 1 cocktail hour.
Speaking of cocktail hour, here are a few shots from the #proper Post Lendit Cocktail Party Hosted by FinTech Collective, Orchard, MoneyLion, Octane Lending, and Mighty.
How about that room, right? The Refectory at The High Line Hotel.
Thanks again for attending. Much fun was had.
The second day began where the first left off. And no, I don’t mean with late-night, greasy bar food somewhere in Brooklyn.
What I mean is that it continued providing an opportunity for meaningful dialog with people across the industry.
We also caught up with the folks conducting The 2017 Americas Alternative Finance Industry Survey. Orchard is a research partner again this year. Data is being collected jointly by the Polsky Center and the University of Chicago Booth School of Business, with the Cambridge Centre for Alternative Finance at Cambridge Judge Business School. For more information about how to participate, check out our recent blog post.
“Getting accurate information about the alternative finance industry is critical to continuing to drive public awareness and work with the policy makers and regulators to support the industry. LendIt is proud to work with the University of Chicago and Cambridge University on the 2017 Americas Alternative Finance Industry Survey.”
Orchard is among many research partners for the 2017 Americas Alternative Finance Industry Survey including LendIt, CrowdfundInsider, CfPA, CFIRA, Crowdfund Capital Advisors, CrowdCheck, the National Crowdfunding Association of Canada, and CrowdFund Beat with sponsorship for the research from the CME Group and the Inter-American Development Bank.
Orchard Co-founder and Chief Analytics Officer, David Snitkof joined Sid Jajodia, Lending Club; and Moderator: Jose Penabad, HCG Fund Management LP to discuss Managing Credit Models in an Online Marketplace with a standing room only crowd.
David also shared some research conducted by his Data Science team that analyzed how standardized payment data may affect investor analysis and ultimately returns. David said, “Depending on the grade, the difference ranged from 10 to 120 basis points, which can make a very big difference if you are bidding for a pool and want to be competitive while ensuring a good return.”
To find out exactly what he’s referring to, have a look at his presentation here. We’ll also be following up with a more complete blog post in the near future. And you can find our recent white paper Making Loan Data Actionable: Transforming, translating, and assuring data quality and consistency across originators, here.
Orchard Co-founder and CEO, Matt Burton gave a keynote talk entitled Expanding the Tent for Both Investors & Originators. He discusses, among other things, what the industry needs to do in order to scale and evolve in a rapidly changing marketplace. His presentation can be found here.
Don’t let me ruin it for you. Have a watch.
And last but not least, the evening ended with the annual LendIt Conference Awards ceremony. We are honored that Matt Burton was selected as a finalist for Executive of the Year (although, did anyone else notice a lack of women in that category?)
Congrats to Scott Sanborn, LendingClub President & CEO for winning Executive of the Year, and to all the other finalists and winners across categories. Wishing everyone a great 2017.
If we missed you at the conference or you have additional questions, please reach out to us at email@example.com.