The Power of Technology in Financial Inclusion with Dan Quan from NevCaut Ventures

Shortly after the 2008 financial crisis, a new phrase emerged, and we were quickly introduced to the thriving “Fintech” industry. When it comes to financial inclusion, the more approachable you are, the more success you will have. New financial technology has made it possible for businesses to offer their goods and services for significantly less money.

On this episode of The Lending Link, we’re joined by a special guest, Dan Quan, who has developed several policies that have enabled the thriving Fintech environment, such as Open Banking, AI, and alternative data. Dan is the Co-Founder of NevCaut Ventures, and he joins us to discuss his time at the Consumer Financial Protection Bureau (CFPB) and various technologies that are shaping the industry’s future.

In this informative discussion, Dan and Rich explore topics like:

•  The lasting impact and lessons learned from ‘No Letter Actions’ issued by the CFPB
•  Disparate Impact and how lenders can fairly and profitably navigate
•  Dan’s insights into various FinTech pioneers and how this innovation impacts his current investments
•  Advice for startup companies seeking funding, and much more!

About Dan Quan:

Dan Quan is co‐founder and General Partner at NevCaut Ventures, a venture capital fund that invests in early-stage fintech. Dan is also a Senior Advisor for McKinsey’s banking practice and an Adjunct Scholar at the Cato Institute’s Center for Monetary and Financial Alternatives.

Dan previously served as Senior Advisor to the Director of the Consumer Financial Protection Bureau (CFPB), where he led its fintech initiative, Project Catalyst. Dan holds an MA in public administration from Harvard’s Kennedy School of Government and an MBA from Drexel University’s Bennet S. LeBow College of Business. Dan is a CFA Charterholder.

 

Be sure to follow Dan and our host Rich on LinkedIn, and for the latest GDS Link updates and news, follow us on Twitter and LinkedIn. You can subscribe to the Lending Link on Apple PodcastsSpotifyGoogle Play, or wherever you prefer to listen to your podcasts!

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