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Room G [clear filter]
Sunday, October 22
 

9:45am PDT

How Does Big Data Assessment Stimulate the Growth of Consumer Finance?
In the present global financial market, consumer finance is in the middle of a whirlwind, bringing many golden opportunities. Large in scale, the consumer finance market has enormous potential, especially in developing countries like China. The Chinese consumer finance market has been growing rapidly since 2008, with an estimated current size of 6 trillion RMB. The prediction has it that the consumption loan in China may surpass 12 trillion RMB by 2020, if growing at an estimated 20% annual rate.
Compared with the U.S. consumer finance that was incepted after World War II, the Chinese consumer finance is still relatively new and facing many challenges despite its large scale and great market potential. China, on the one hand, has a unique compliance system. On the other hand, China does not yet have a well-established credit service system. Therefore, further developing the individual credit system and realizing big data credit assessment is essential to stimulate the growth of consumer finance. How so?
1. Not only dramatically reduces labor costs, but also perfects risk identification, judgment, evaluation, and management, therefore accelerating the credit audit process.
2. Help consumer finance platforms control bad debt and overdue rates, therefore lowering potential risks.
3. Provides accurate credit evaluation, it also exploits precise scenes and unique markets for different groups of individuals by exploring their consumer habits and needs.

Speakers
avatar for Lingyun Gu

Lingyun Gu

Founder & CEO, IceKredit, Inc.
Dr. Gu received his Ph.D. in Computer Science from Carnegie Mellon University. He later joined ZestFinance in Los Angeles as one of the Founding members and the head of the modeling team. After ZestFinance, Gu worked for Kabbage as the Chief Scientist. He then joined Turbo Financial... Read More →


Sunday October 22, 2017 9:45am - 10:15am PDT
Room G Room G

10:20am PDT

Data Analytics Drives FinTech
I have spent the past 14 years in leadership positions at fin-tech companies, always with data and analytics at the core of my job and my companies' success. Few industries stand to gain as much from the benefits of big data as fin tech, and few industries have a greater need for world-class talent in this area.

In my experience at Green Dot, we helped build the world's largest issuer of prepaid debit cards, using data to battle international fraud rings and develop winning pricing and marketing strategies.

At Klarna, we leveraged data to make underwriting decisions based on the smallest possible number of keystrokes, changing the way that millions of people shop online.

Scratch Financial is changing the way that Americans access to credit at the point of sale by bringing real-time underwriting and financing to the veterinary industry.

I look forward to sharing my insights with the next generation of data scientists.

Speakers
avatar for John Keatley

John Keatley

CEO, Co-Founder, Scratch Financial
John Keatley is the Co-Founder and CEO of Scratch Financial, a point-of-sale lender that aims to help merchants increase sales and help consumers quickly and easily obtain low-cost financing for high ticket price items. Scratch is initially focused on the veterinary care segment with... Read More →


Sunday October 22, 2017 10:20am - 10:50am PDT
Room G Room G

10:55am PDT

How data science is transforming wealth management
I will provide my insights and observations on how data science is changing how advisors understand clients, risk (what totum does), investment strategies, and practice management.

Speakers
avatar for Min Zhang

Min Zhang

CEO and co-founder, Totum
Min Zhang, CFA is CEO and co-founder of Totum Wealth.  Min brings over 10 years of institutional investing experience to transform wealth management.  Previously, Min was Director of Investment Risk Management at Pacific Life and VP in Asset Allocation Product Management at PIMCO... Read More →


Sunday October 22, 2017 10:55am - 11:25am PDT
Room G Room G

11:30am PDT

Practical Machine Learning at Work
I'd like to present basics of machine learning that I used at the previous company and how I used machine learning to improve company performance.

Speakers
avatar for Phillip Kim

Phillip Kim

Data Scientist, Banking & Quantitative Solutions
UCLA Math graduate. Wall Street Analyst & Head of data analytics at the previous company.


Sunday October 22, 2017 11:30am - 12:00pm PDT
Room G Room G

12:00pm PDT

Lunch Break
Sunday October 22, 2017 12:00pm - 1:00pm PDT
Room G Room G

1:00pm PDT

Lending with Alternative Data
The mission of Tala is to provide financial access, choice, and control to the unbanked or under-banked population in the developing world. Our primary product is a short-term loan applied for through our mobile app. In the developing world, we face the challenge that almost none of our applicants have any traditional credit bureau data. Instead, we use a wide variety of behavioral data from their mobile phones with machine learning to underwrite our customers.

In this talk, we'll discuss some of the interesting feature engineerings we use to predict credit performance, as well as a few challenges our data science team has faced. One challenge we've faced is the "cold start" problem when we enter a new market. In this talk, I'll discuss a transfer learning approach to addressing this challenge. Second, we'll discuss some of the microeconomic and macroeconomic insights we can find from this dataset with the recent Kenyan election as an example. Finally, we'll discuss some of the ethics involved in using personal mobile data to make underwriting decisions.


Speakers
avatar for Ian Parrish

Ian Parrish

Data Science Manager, Tala
Ian Parrish is a senior data scientist and manager at Tala. In this role, he leads efforts to build our credit modeling and fraud detection efforts. Prior to coming to the data science world, Ian worked in computational astrophysics using supercomputer to study galaxy clusters and... Read More →


Sunday October 22, 2017 1:00pm - 1:30pm PDT
Room G Room G

1:40pm PDT

Data Architecture (i.e., normalization / relational algebra) and Database Security
The importance of precise data structures when handling, processing and manipulating mass amounts of data.  As data has become key in the operations of virtually all companies around the world, having the data easily maintained and utilized has become pivotal.

Companies often live or die in today’s business climate by their ability to manipulate their data to their company’s competitive advantage.  As such it becomes paramount that this enterprise critical data be placed into well-organized structures that are intuitive for developers to work on.

Speakers
avatar for Samuel Berger

Samuel Berger

CIO, CLEAR Information, Inc.
Fintech entrepreneur and developer as well as a data scientist working with financial mass data projects since 1989. He started in these fields in 1989 with SBIC. Used technology and massive amounts of data to predict the world’s largest financial market. His systems earned his... Read More →


Sunday October 22, 2017 1:40pm - 2:30pm PDT
Room G Room G

2:50pm PDT

Blockchain Application in Real Estate Transactions
FundingTree is the first platform that will bring Blockchain Distributed Ledger Technology & Smart Contracts into Commercial Real Estate transactions, and all participants into a Single Delivery shared a platform to deliver Funding Solutions like never before.
The blockchain

A world of continued technological evolution, most new technology comes with the promise to improve business efficiency and profitability. The early internet dealt with intangibles – like emails. Today’s internet can deal with real assets - assets that are stored in encoded form in a network-to-network chain called the blockchain. This blockchain will not only facilitate our business dealings and assets by preventing unwanted third-party interference, fraud, and theft but, it will also, simplify and quicken processes, raise efficiency, increase transparency and reduce errors while saving users time and money.
Smart Contracts

Creating smart contracts & securing documents on the Blockchain will ensure originality, authenticity, and traceability. These fundamentals have always existed in safeguarding Real Estate transactions.

Speakers
avatar for Rayaan Arif

Rayaan Arif

Founder - Principle, FundingTree
Rayaan is the Founder of FundingTree.com. He is a serial Entrepreneur with a passion for tackling difficult problems. This passion has to lead him to find better ways to deliver Capital and Deal Flow using technology, marketing, and relationships he has cultivated over several decades.Rayaan... Read More →


Sunday October 22, 2017 2:50pm - 3:20pm PDT
Room G Room G

3:30pm PDT

ICOs and cryptocurrency - what are they, what do they mean for currency
This past summer was the Summer of the ICO. In this talk, I will lay out the basic structure of cryptocurrencies, the blockchain system that underpins it, and the rise of ICOs.

I will then discuss financial, social and legal implications of cryptocurrencies. These range from the nature of fiat currency, how crypto arose, current securities and other legal issues related to ICOs and crypto, financial issues relating to the use of crypto and valuation, and social issues attendant with cryptos.

Finally, I will discuss best and worst use cases, as well as the investment tips and flags as they are becoming clear.

Speakers
avatar for Alexandra Damsker

Alexandra Damsker

CEO, Stealth fintech
I am an experienced corporate and securities attorney (SEC and international law firm trained). I've written a practitioners' text on trusts and taxation, coedited a securities treatise, as well as numerous articles on various legal subjects. These focused primarily on securities... Read More →


Sunday October 22, 2017 3:30pm - 4:00pm PDT
Room G Room G
 
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