Evolve Capital Partners and AltLending Discuss the Latest Trends in FinTech and Banking

The hosts of the popular FutureTech podcast invited Alex Koles to share the story of Evolve Capital Partners and how they provide companies in the fintech space with unrivaled connections and expert knowledge. Joining him were Young Cho, CFO and Gennadiy Gurevich, CIO of AltLending, a leading-edge company in New York that provides asset-backed loans against cryptocurrencies. 

Key Factors Increasing Consumers’ Demand for Credit

As the U.S. and global economies continue to expand and recover from the Great Recession of 2007-2009, the consumer, a key driver of the U.S. economy, is spending again and tapping into different types of credit. The rapid growth of online lenders, expansion of digitally enabled lending technologies (e.g. point of sale solutions at the home or online), and growth in lending to subprime borrowers are all catalysts for the rise in demand.

Digital Players Disrupt the Wealth Management Industry

Rapid changes are occurring in the wealth management space and the level of disruption in how advice and capital are managed is only beginning. Wealth management is a monumental industry. The players in the space run the gamut from gigantic hedge funds to individuals who manage their own investments.  This changing wealth management landscape is driving a significant uptick in transactions.