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SME Finance Forum Immersion Program 2020 - Wells Fargo

22 - 23 January 2020
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San Francisco, California, United States
SME Finance Forum Immersion Program 2020 - Wells Fargo

SME Finance Forum Immersion Program 2019: 

Wells Fargo, California, United States

22-23 January 2020 (TBC) - SAVE THE DATE

(by invitation only)

The Immersion Programs of the SME Finance Forum are aimed at providing our members with 1-2 day exposure visits to high performing financial institutions or fintech companies to gather in depth knowledge about an innovative aspect of their operations. The immersion programs allow members to hear practical first-hand accounts from the host institution about the unique challenges they faced and the motivation and process for change, as well as lessons learnt.  

The Forum will host its first Immersion Program of 2020 to Wells Fargo in San Francisco, California in the United States, which will be held on January 22, 2020. This is an invitation-only event for which the SME Finance Forum is getting members an invitation. 

Wells Fargo deployed a technology-driven and data-centric approach to SME lending when no other bankers or financiers had even heard of fintech or big data. When the US repealed the Glass-Steagal Act in the 1990s and opened the door for truly national banking operations, Wells Fargo alone, among the large banks, opted for a retail and small business banking centered growth strategy.  To be a truly nation-wide lender for small businesses, growing from being only a Western regional bank, they had to leverage technology and data.  Since that time, Wells Fargo has been a leader in most of the US SME financing league tables, developing numerous innovations using data to drive new products and customer delivery channels.  

Wells calls itself “America’s leading small business lender”, and they’ve been particularly innovative in the unsecured business credit markets – thanks again to their data edge.  Recently they introduced a FASTFLEX instant credit product for SMEs to compete with alternative lenders like Kabbage and OnDeck Capital (all three have participated in the membership of the SME Finance Forum)  

Yet, even a giant bank like Wells Fargo had to learn how to partner with fintechs, and their team will talk about how they determine when, and with whom to partner, and share their 20+ years journey of leading SME financing innovation.

1. Agenda 
The preliminary agenda is enclosed below.

January 22, 2019

08:00 a.m. - 11:00 a.m. - Wells Fargo Small Business Lending Overview (by Marc Bernstein and Xiao Bing).

11:00 p.m. - 12:00 p.m. - Small Business Risk Management (by a senior risk manager/TBD)

12:00 p.m. - 01:00 p.m. – Lunch Break  

01:00 p.m. - 05:00 p.m. - Fintech Presentation: Small Business Banking - New Customer Demands and Digital Expectations (Anatalio Ubalde, CEO & Founder, SizeUp)

Location: Wells Fargo conference center located at 333 Market Annex Bldg:  2nd Fl.

Download the agenda here.

January 23, 2019 (TBC)

Visits to fintechs in the Bay Area to be confirmed.

2. Eligibility and Registration
Members of the SME Finance Forum are eligible to participate in the immersion program. We have a limited number of spots available and therefore each interested member institution should nominate no more than three representatives to attend. Registration is open and will be on a first come first serve basis. Please register here.

3. Cost
Members will be charged $500 per attendee, which is non-refundable (except in event of health or other emergencies). The fee can be transferred to another senior employee of the member's institution. While some meals will be provided during the program, attendees are responsible for their own travel, accommodations, other meal and transportation costs.

4. Expression of Interest and Next Steps
Interested members should nominate up to three attendees per institution and send an expression of interest email to Tarun Srdihar with the following information:

  • Name of member institution
  • Name of attendee
  • Job title of attendee
  • Country
  • Contact details of attendee

Please note that spots cannot be guaranteed until registration fees have been paid. Registration fees cannot be refunded. In the event the visit is over-subscribed, applicants will be accepted in the order in which fees are received.