FinTech Overview and Emerging Trends

SF ACFE FinTech Fraud Summit - March 17th, 2017 - San Francisco, CA

 Financial Technology FinTech has seen an explosive growth for the past
FinTech Trend decade. The digital revolution started with the advent of Automated Teller
Machine, ATM in 1967.

ONLINE LENDING FinTechs mission is to broaden access to credit, incase banking services and
CROWDFUNDING provide investment opportunities to everyone around the world.
P2P INSURANCE FinTech is rooted in disruption and disintermediation to about fundamental
changes in how we deliver financial services to the next billion people world
wide.

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SPEAKERS BIO

TIMOTHY LI

Tim is Founder & CEO of various FinTech platforms in the US & China

Timothy Li started his career as an mathematical engineer at Intel solving complex CPU manufacturing
issues. He then spent the following 5 years at JPMorgan Chase in their Retail and Small Business Banking
organization. He worked on most of Chases banking technology, credit risk and fraud detection technology.

Tim continued his career with FinTech/Marketplace Lenders such as Elevate Credit where he managed all
of the lending portfolio performance from Marketing to Credit Risk Management.

Tim continued his online lending career and built LoanDepots Personal Lending Platform. Served as Chief
Information Officer for RealtyMogul and held various advisory roles at Kabbage, RocketLoans. Served on
Experians Fraud Advisory Board.

Tim holds engineering, mathematics and business degrees from San Jose State University, University of
Southern California and Harvard Business School.

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 ONLINE LENDING / BANKING

FinTech Trend

ONLINE LENDING
CROWDFUNDING
P2P INSURANCE
1st Party Fraud - Intent to Pay
2nd Party Fraud - Publishers and Affiliates
3rd Party Fraud - Synthetic Identity, Fraud Rings
Stacking - Customers willingly taken out multiple loans simultaneously
ATO - Account Take Over
Transactional Fraud (ACH, Debit)
Internal / Employee Fraud
AML - Anti-Money Laundering
https://www.linkedin.com/pulse/3-common-identity-fraud-plagues-fintech-startups-how-avoid-timothy-li

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 CROWDFUNDING

FinTech Trend

ONLINE LENDING
CROWDFUNDING
P2P INSURANCE
Accreditation attestation - Accredit Investors
Suspicious Crowdfunding Campaigns - Still born/ Preempted Fraud (Shut Down by Platforms)
Attempt Fraud - Crowdfunding with Intellectual Properties that they didnt own
Backer-Creator Fraud - Money Laundering

https://www.crowdfundinsider.com/2014/03/34255-crowdfunding-fraud-big-threat/

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 P2P INSURANCE

FinTech Trend

ONLINE LENDING
CROWDFUNDING
P2P INSURANCE

Moral hazard - lack of incentive to guard against risk

Fraudulent claims

https://www.ft.com/content/c4bd7bcc-872f-11e6-a75a-0c4dce033ade

2017- PAGE 2
 MAKING FRAUD DETECTION + PREVENTION A PRIORITY

FinTech Trend

ONLINE LENDING
CROWDFUNDING
INSURANCE

2017- PAGE 2