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Jim Labe of TriplePoint Capital agreed that there would be more separation of lending and banking going forward, creating opportunities for his firm. In general, he said the fintech sector was picking up, but there was “retrenchment on the debt side.”
His fellow panelist Justin Overdorff of Lightspeed said banks had a huge need for fraud prevention tools with the rise in global cyber crime. “They don’t have the tools,” he said. “They won’t say it publicly but they don’t have the tools.”