Stuart Wall of Setpoint on automating the capital markets back office
Description
Today, the back office for many lenders and originators is still very manual and human-intensive. We are talking lots of emails, reading contracts and processing Excel files. In some cases these processes have been in place, pretty much unchanged since the 1990s. That is because there has never been a comprehensive solution available to automate the capital markets process for originators and lenders.
My next guest on the Fintech One-on-One podcast is Stu Wall, the CEO and Co-Founder of Setpoint. They call themselves "the operating system for capital markets" because their system can replace the manual processes that have been in place with state of the art technology that takes advantage of automation and standardization. While they started in the real estate space they are now making real inroads into other lending verticals.
In this podcast you will learn:
- The founding story of SetPoint.
- The mission and vision of the company.
- What they mean when they talk about the "operating system for asset-backed lending".
- How they replace the existing processes based on Excel and email.
- How SetPoint has earned the trust of the market.
- Their response to the build-buy-partner conversation.
- The biggest challenges in capital markets for asset-backed lenders and originators today.
- Why they started in the real estate space.
- The different lending verticals where they operate.
- Some of the originators they are working with today.
- Why this will likely be a winner take most market.
- How they were able to get Citi and Wells Fargo to back their company.
- Their biggest challenge in getting deeper market penetration.
- Some of the features that are on their product road map.
- What is involved in onboarding a new lender or originator.
- Stu's vision for the future of SetPoint and the automation of capital markets.
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