Meshing the Two Worlds of Technology & Banking - by LightStream's Todd Nelson

By LightStream's Todd Nelson

Todd Nelson of Lightstream reflects on the history of fintech touching on the evolution of online lending, with banks reclaiming marketshare, lenders diversifying products and the proliferation of bank partnerships; reports that fintech will accelerate innovation in banking and that ‘fin’ is more important than ‘tech’; Nelson provides his thoughts on where we are with technology, discussing the build, buy and partner decision that banks have, sharing various examples of each route; SunTrust Bank took the buy route, having purchased LightStream, which offers consumer loans; the company has also made other acquisitions as well.