Cloud Lending at the AlTFi Summit 2015

Last week Cloud Lending Solutions attended AltFi Summit 2015 in London, where we got a chance to connect with some of the major industry players and see what the...

Vidur Jain 9th March 2015

Last week Cloud Lending Solutions attended AltFi Summit 2015 in London, where we got a chance to connect with some of the major industry players and see what the future has in hold for the alternative finance sector. It was great to hear that the sector was in good health and gearing to scale up.



europesummit2015logoThere was a lot of excitement around the possibility of marketplace lending being approved for ISA/SiPP investments, which is expected to happen within the next year. This will have a huge impact on the lending activity of the platforms, and take marketplace lending further into the mainstream especially in the UK. There was a lot of talk around regulation, with attendees curious about what regulatory changes could be expected in the future. Overall consensus was that regulation is good and crucial for the development of the sector. Lenders were very positive about the UK regulatory environment, which currently requires an approval from the FCA, and felt that the regulations are in line with the maturity of the sector.



It was great to see our partners from Salesforce talk about how they could help Alternate Financial Institutions. A lot of the conversations revolved around Salesforce’s infrastructure and regulatory compliance, including safe-harbour agreements, to help their clients work within the EU regulatory framework. We spoke to a lot of attendees and were positively surprised that many platforms had adopted the Salesforce ecosystem and were comfortable with it. We are witnessing a shift to Salesforce CRM in FinTech companies, and anticipate that they will be working with other Salesforce based applications for their back-office requirements in the future. Cloud Lending is leading this trend, providing solutions for the early adopters in the market.



We came away with a very positive feeling from the AltFi conference, and feel that the alternate finance sector is maturing in the right way. We believe that people are understanding and dealing with the industry challenges- regulatory and operational, and look forward to its progress in the near future.

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