Pagaya, National Bankers Association, Oportun and TransUnion at Money20/20: Data for Good: Bettering the Economy Through Financial Inclusion
16 Ottobre 2023 - 2:30PM
Business Wire
Thought leaders to cover innovative uses of technology, product
and data solutions that enable more equitable access to credit for
consumers too often excluded from the lending ecosystem
Pagaya Co-founder and CEO Gal Krubiner, National Bankers
Association President and CEO Nicole Elam, Oportun CEO Raul Vazquez
and TransUnion SVP and head of consumer lending Liz Pagel will
speak on stage at the Money20/20 conference in Las Vegas on
Tuesday, October 24 at 11:15 a.m. local time. A staggering 42% of
US consumers who apply for a financial product are denied or not
extended as much credit as they would like. The panel will tackle
how data and technology are facilitating a new wave of financial
inclusion, enabling millions of individuals to access financial
services that were previously unavailable to them.
“Financial inclusion is core to our mission to provide more
financial opportunities to more people, more often," said Gal
Krubiner, Co-Founder and CEO of Pagaya. “Through our innovative
product solutions, AI-powered data intelligence, and network of
more than 100 lenders and institutional investors, Pagaya enables
our partners to expand their customer base while delivering greater
credit access opportunities to many more underserved US
consumers.”
"Our banks are dedicated to finding new ways to leverage
technology to better support the communities they serve. In fact,
our most recent digitization research shows that helping minority
banks vet and implement new technology is invaluable. That’s why we
launched programs like MDI ConnectTech to help community banks
navigate the changing face of banking,” said Nicole Elam, President
and CEO of the National Bankers Association.
“Oportun was founded to use technology and big data to ‘score
the unscorable’ and create a pathway to financial inclusion. Today,
Oportun holistically addresses the two most fundamental obstacles
to financial resilience: adequate savings, and access to
responsible and affordable credit,” said Raul Vazquez, CEO of
Oportun. “Over time, we have helped more than 1.1 million people to
begin building a credit score for the first time, disbursed more
than $16 billion, primarily to people living in low-and
moderate-income communities, and made it easy for our members to
set aside an average of more than $1,800 annually in personal
savings.”
“Expanding financial inclusion is not only an important social
imperative, but also a meaningful business opportunity for lenders.
Just looking at our traditional data sources in new ways, for
example trending data over time, can unlock new insights that can
help lenders do business with new segments of consumers,” said Liz
Pagel, senior vice president and head of consumer lending at
TransUnion.
With over 11,000 attendees, 300 speakers and more than 60 hours
of critically important content, Money20/20 is the world’s leading
events, content, sales and networking platform for the global money
ecosystem. From in-depth analytics to inspirational speakers, the
event offers world-class insights and networking opportunities to
help our customers stay ahead – powering strategies and
relationships and switching mindsets.
Session details are as follows:
Title: Data for Good: Bettering the Financial Ecosystem Through
Financial Inclusion Date & Time: Tuesday, October 24; 11:15 -
11:45 a.m. PT Location: Converge Stage, Money Hall at The Venetian
Resort, Las Vegas Panelists:
- Gal Krubiner, Co-Founder and CEO, Pagaya Technologies
- Nicole Elam, President and CEO, National Bankers
Association
- Raul Vasquez, CEO, Oportun
- Liz Pagel, SVP and Head of Consumer Lending, TransUnion
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 a sophisticated
AI-driven approach, Pagaya provides comprehensive consumer credit
and residential real estate solutions 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. Pagaya
has offices in New York and Tel Aviv. For more information, visit
pagaya.com.
About National Bankers Association
Founded in 1927, the National Bankers Association is the voice
for the nation's Minority Depository Institutions (MDIs). No other
trade association is focused solely on the priorities, federal
advocacy, and representation of minority-owned and -operated banks.
Members include Black, Hispanic, Asian, Pacific Islander, Native
American, and women-owned and -operated banks. MDI banks are
located across 32 U.S. states and territories. For more
information, visit nationalbankers.org.
About Oportun
Oportun (Nasdaq: OPRT) is a mission-driven fintech that puts its
2 million members' financial goals within reach. With intelligent
borrowing, savings, and budgeting capabilities, Oportun empowers
members with the confidence to build a better financial future.
Since inception, Oportun has provided more than $16.6 billion in
responsible and affordable credit, saved its members more than $2.4
billion in interest and fees, and helped its members save an
average of more than $1,800 annually. For more information, visit
Oportun.com.
About TransUnion
TransUnion (NYSE: TRU) is a global information and insights
company with over 12,000 associates operating in more than 30
countries. We make trust possible by ensuring each person is
reliably represented in the marketplace. We do this with a Tru™
picture of each person: an actionable view of consumers, stewarded
with care. Through our acquisitions and technology investments we
have developed innovative solutions that extend beyond our strong
foundation in core credit into areas such as marketing, fraud, risk
and advanced analytics. As a result, consumers and businesses can
transact with confidence and achieve great things. We call this
Information for Good® — and it leads to economic opportunity, great
experiences and personal empowerment for millions of people around
the world.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231016431612/en/
Emily Passer, Pagaya Technologies press@pagaya.com
Allison Moore, National Bankers Association
press@nationalbankers.org
Usher Liberman, Oportun usher.lieberman@oportun.com
David Blumberg, TransUnion david.blumberg@transunion.com
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