McKinsey recently surveyed senior credit risk executives from, among others, nine of the top ten US banks, and they asked them about their organisations’ adoption of GenAI, its current use cases, their future plans for it, and the challenges they expected. Twenty percent of the respondents had already implemented at least one GenAI use case in their organizations, and a further 60 percent expect to do so within a year.

With how quickly AI is embedding itself in our daily lives, we have to assume that's already increased significantly, so I sat down with Arv Govindarajan, one of the authors of that article and a partner at McKinsey & Company, to talk about how lenders are embracing generative AI in credit risk.

McKinsey & Co is online at https://www.mckinsey.com/ (also here, to jump straight to the Risk Dynamics team https://www.mckinsey.com/capabilities/risk-and-resilience/how-we-help-clients/risk-dynamics)

Click here to read the article we're talking about https://www.mckinsey.com/capabilities/risk-and-resilience/our-insights/embracing-generative-ai-in-credit-risk

McKinsey are, of course, also on LinkedIn at https://www.linkedin.com/company/mckinsey/

Arv, in turn, is on LinkedIn at https://www.linkedin.com/in/arvindgovindarajan/

I am on LinkedIn, too, at https://www.linkedin.com/in/brendanlegrange/ as is the show https://www.linkedin.com/company/how-to-lend-money-to-strangers

You can support the show by buying one of my guests via the affiliate links on my site (it doesn't cost you anything extra): https://www.howtolendmoneytostrangers.show/recommended-reads

Commercial partners include (when you click one of these affiliate links, I earn a small commission but you won't pay a cent more)

ProtonVPN Browse privately with a community-owned secure VPN that safeguards your privacy. https://go.getproton.me/aff_c?offer_id=26&aff_id=12767

Wedgwood Steeped in a rich heritage, over 260 wonderful years later, Wedgwood continues to be renowned for quality, innovative British design and timeless elegance: https://www.awin1.com/cread.php?s=2447792&v=3370&q=369217&r=2069741

GoWithGuide 100% customizable, private and high-quality tours delivered by local, quality-assured guides and backed by 24/7 efficient and caring 24/7 customer service. You can book a tour in 500 cities around the world: https://www.awin1.com/awclick.php?gid=510974&mid=87121&awinaffid=2069741&linkid=3852288&clickref=

Friends of the show include: https://www.ontap.co.za/pages/hoedspruit-store-details (for all your Hoedspruit-based bathroom needs), https://www.joinhumoni.com, and https://chaos-out-of-order.com/

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which looks at the intersection between human senses and technology

Keep well, Brendan

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Simplified funding for SMEs: pre-qualification in minutes, funded within a day, this is not the business lending of yesteryear.

Credibly is at home online at https://www.credibly.com/

You can find Ryan on LinkedIn at https://www.linkedin.com/in/ryan-rosett-262b642/

While Credibly is there at https://www.linkedin.com/company/credibly/

I am on LinkedIn, too, at https://www.linkedin.com/in/brendanlegrange/ as is the show, at https://www.linkedin.com/company/how-to-lend-money-to-strangers

You can support the show by buying one of my guests via the affiliate links on my site (it doesn't cost you anything extra): https://www.howtolendmoneytostrangers.show/recommended-reads

Commercial partners include (when you click one of these affiliate links, I earn a small commission but you won't pay a cent more)

ProtonVPN Browse privately with a community-owned secure VPN that safeguards your privacy. https://go.getproton.me/aff_c?offer_id=26&aff_id=12767

Wedgwood Steeped in a rich heritage, over 260 wonderful years later, Wedgwood continues to be renowned for quality, innovative British design and timeless elegance: https://www.awin1.com/cread.php?s=2447792&v=3370&q=369217&r=2069741

GoWithGuide 100% customizable, private and high-quality tours delivered by local, quality-assured guides and backed by 24/7 efficient and caring 24/7 customer service. You can book a tour in 500 cities around the world: https://www.awin1.com/awclick.php?gid=510974&mid=87121&awinaffid=2069741&linkid=3852288&clickref=

Friends of the show include: https://www.ontap.co.za/pages/hoedspruit-store-details (for all your Hoedspruit-based bathroom needs), https://www.joinhumoni.com, and https://chaos-out-of-order.com/

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which looks at the intersection between human senses and technology

Keep well, Brendan

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I've just added a new section to the website, featuring affiliate links to all the books written by the great guests we've featured on this show - https://www.howtolendmoneytostrangers.show/recommended-reads. If you scan that list before you listen to this show, you'll find among them Dr Michael Orkin with What Are the Odds? and Probability & Statistics Made Interesting. Dr. Orkin is a statistics professor and consultant, and a nationally known authority on probability and gambling games who has appeared on numerous TV and radio shows, on various conference stages, and, of course, on the cover of several books.

So I was delighted to chat to him, not least of all because I've recently started teaching analytics myself and, in the process of designing my course, started to fall back in love with some of the quirks and nuances of probability.

You can find Dr Orkin on LinkedIn at https://www.linkedin.com/in/dr-mike-orkin-5600584/

I am on LinkedIn, too, at https://www.linkedin.com/in/brendanlegrange/ as is the show https://www.linkedin.com/company/how-to-lend-money-to-strangers

Commercial partners include (when you click one of these affiliate links, I earn a small commission but you won't pay a cent more)

ProtonVPN Browse privately with a community-owned secure VPN that safeguards your privacy. https://go.getproton.me/aff_c?offer_id=26&aff_id=12767

Wedgwood Steeped in a rich heritage, over 260 wonderful years later, Wedgwood continues to be renowned for quality, innovative British design and timeless elegance: https://www.awin1.com/cread.php?s=2447792&v=3370&q=369217&r=2069741

GoWithGuide 100% customizable, private and high-quality tours delivered by local, quality-assured guides and backed by 24/7 efficient and caring 24/7 customer service. You can book a tour in 500 cities around the world: https://www.awin1.com/awclick.php?gid=510974&mid=87121&awinaffid=2069741&linkid=3852288&clickref=

Friends of the show include: https://www.ontap.co.za/pages/hoedspruit-store-details (for all your Hoedspruit-based bathroom needs), https://www.joinhumoni.com, and https://chaos-out-of-order.com/

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which looks at the intersection between human senses and technology

Keep well, Brendan

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Very early in my career, back in the days when the details from paper forms had to be typed into a computer to get the application process started, I heard about companies scanning application forms and then sending the files to India to have the data capture done there. A decade later, the guy I was chatting to in a hotel bar in Nairobi promised me he could build a collection call centre in India, staffed by Swahili-speaking staff at a fraction of the local cost. And now, as I hear from Rajul Sood, we can outsource an entire AI infrastructure - the back-end of intech is changing just as fast as the front-end!

You can find Acuity Knowledge Partners online at https://www.acuitykp.com/

Rajul is on LinkedIn at https://www.linkedin.com/in/rajul-sood-vohra-2475b417/ and Acuity Knowledge Partners at https://www.linkedin.com/company/acuity-knowledge-partners

I am on LinkedIn, too, at https://www.linkedin.com/in/brendanlegrange/ as is the show https://www.linkedin.com/company/how-to-lend-money-to-strangers

Commercial partners include: GoWithGuide 100% customizable, private and high-quality tours delivered by local, quality-assured guides and backed by 24/7 efficient and caring 24/7 customer service. You can book a tour in 500 cities worldwide by clicking this affiliate link (I'll earn a small commission, but you won't pay a cent more): https://www.awin1.com/awclick.php?gid=510974&mid=87121&awinaffid=2069741&linkid=3852288&clickref=

Friends of the show include: https://www.ontap.co.za/pages/hoedspruit-store-details (for all your Hoedspruit-based bathroom needs), https://www.joinhumoni.com, and https://chaos-out-of-order.com/

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which will look at the intersection between human senses and technology, especially AI-powered technology.

Keep well, Brendan

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You can't lend money if you don't have capital. And you can't grow your capital if you don't deploy it. There have long been matchmakers to link those two sides together, but traditionally they've only come into play when the numbers involved started b's or even t's. Exaloan closes the global funding gap for individuals, entrepreneurs, and SMEs by connecting institutional capital with the digital lending ecosystem, digitizing the refinancing processes for lenders. 

So today we're taking the loan for granted and looking, instead, at what we do to generate fresh capital and strong returns for investors.

Exaloan can be found online at https://www.exaloan.com/

Luca is on LinkedIn at https://www.linkedin.com/in/luca-andre-frignani/

Exaloan's page is at https://www.linkedin.com/company/exaloan/

You can find me on LinkedIn, too, at https://www.linkedin.com/in/brendanlegrange/ - please do connect

Friends of the show include: https://www.ontap.co.za/pages/hoedspruit-store-details (for all your Hoedspruit-based bathroom needs), https://www.joinhumoni.com, and https://chaos-out-of-order.com/

Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which will look at the intersection between human senses and technology, especially AI-powered technology.

Keep well, Brendan

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The Dunning-Kruger effect is a cognitive bias where people with high ability on a given task tend to underestimate their competence, while those with low ability overestimate theirs. It's typically examples of the second half of that antithesis that make the headlines, but the first half is problematic, too, because sometimes the experts best placed to start a new business are the ones most held back by doubt. And that's why I love the controlled environment that In Vitro Capital has created to, essentially, employ potential founders to build businesses without all the unknowns of traditional entrepreneurship. And it works

Amir Barsoum is the founder, managing partner, and CEO of InVitro Capital, and he takes us through the vision behind it all. You can find Amir on LinkedIn at https://www.linkedin.com/in/amirmbarsoum/

I'm there, too, and open to all new connection requests (just mention the show) https://www.linkedin.com/in/brendanlegrange/

You can find In Vitro online at https://invitrocapital.com/about-us/ or on LinkedIn at https://www.linkedin.com/company/invitrocapital

Friends of the show include: https://www.ontap.co.za/pages/hoedspruit-store-details (for all your Hoedspruit-based bathroom needs), https://www.joinhumoni.com, and https://chaos-out-of-order.com/

Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which will look at the intersection between human senses and technology, especially AI-powered technology.

Keep well, Brendan

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This is an unscientific guess, but I have to believe that the vast majority of us would prefer to get our power needs met by renewable sources in our own backyards - cleaner, yes, but also free from the price shocks that have become so common recently.

That said, heat pumps and solar panels are expensive and complicated - a daunting combination that holds many people back, myself included. That's where Cloover steps in. Born in Sweden but now finding a lot of traction in Germany, Cloover partner with renewable energy professionals to make sustainable home upgrades simple and affordable with flexible payment options.

Now, as you'll hear, this episode was originally recorded a year ago before an unplanned long break kept it dusty and on the shelves. And as you'll also hear, it wasn't alone in that fate. But Peder and I recorded a follow-up to bring the story up-to-date, and it's one that's rising to the fore in more and more markets.

You can find Peder on LinkedIn at https://www.linkedin.com/in/pederbroms/

You can find Cloover at https://cloover.co/ or on LinkedIn at https://www.linkedin.com/company/cloover

You can seek me out on LinkedIn, too, where I'm open to all genuine new connections - https://www.linkedin.com/in/brendanlegrange - and follow the show's page while you're there.

Friends of the show include: https://www.ontap.co.za/pages/hoedspruit-store-details (for all your Hoedspruit-based bathroom needs), https://www.joinhumoni.com, and https://chaos-out-of-order.com/

Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which will look at the intersection between human senses and technology, especially AI-powered technology.

Keep well, Brendan

Hosted on Acast. See acast.com/privacy for more information.

Recorded live in Austin, Texas at the offices of Billd, this episode of HTLMTS explores the ways in which Christopher Doyle and his team are removing financing friction from the building process. Few of us look forward to a building project, but all of us make use of the end results, so let's take a look behind the scenes at how the money does (and doesn't flow) between lenders, general contractors, subcontractors, and suppliers.

To find out more about how Billd's financial solutions built for subcontractors, head on over to https://billd.com/

Or follow them on LinkedIn https://www.linkedin.com/company/billdco

Chris is on LinkedIn, too, at https://www.linkedin.com/in/christopherldoyle/, as am I, https://www.linkedin.com/in/brendanlegrange/

Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24

Friends of the show include: https://www.ontap.co.za/pages/hoedspruit-store-details (for all your Hoedspruit-based bathroom needs), https://www.joinhumoni.com, and https://chaos-out-of-order.com/

Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which will look at the intersection between human senses and technology, especially AI-powered technology.

Keep well, Brendan

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which will look at the intersection between human senses and technology, especially AI-powered technology. You can already start to follow it wherever you're listening to this one - there's only a trailer there at the moment, but we've recorded some of the early episodes and it's going to be a fun ride!

Keep well, Brendan

Hosted on Acast. See acast.com/privacy for more information.

"I am done with apologies. If contrariness is my inheritance and destiny, so be it. If it is my mission to go in at exits and come out at entrances, so be it." - Wendell Berry

The world that Robbie Vitrano and the team at Mad Agriculture is striving to create is so vastly different than the world that is, that nearly everything that they do bears certain madness. From heart to head, poetry to science, financing to markets, and soil to shelf, MadAg help farmers thrive in regenerative organic agriculture. And sure, it's a little different from our normal fare on this show, but there is lending involved and, more importantly, if we are what we eat, we'd all do well to understand how farmers are making our food as good as it can be.

You can learn more about Mad Ag at https://madagriculture.org/

Or find Robbie on LinkedIn https://www.linkedin.com/in/robbievitrano/

You can seek me out on LinkedIn, too, where I'm open to all genuine new connections - https://www.linkedin.com/in/brendanlegrange - and follow the show's page while you're there.

Friends of the show include: https://www.ontap.co.za/pages/hoedspruit-store-details (for all your Hoedspruit-based bathroom needs), https://www.joinhumoni.com, and https://chaos-out-of-order.com/

Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which will look at the intersection between human senses and technology, especially AI-powered technology.

Keep well, Brendan

Hosted on Acast. See acast.com/privacy for more information.

Twenty years ago, the economy of Zimbabwe hit global headlines for its hyper-inflation: Wikipedia tells me prices rose 89.7 sextillion percent in 2008. And while the decimal point here may create the illusion of something measurable, in all real terms, it is an incomprehensible number - something which The Zimbabwean Newspaper cleverly circumvented when it ran a protest campaign using a trillion dollars of actual bank notes as a backdrop to billboards and posters. This was brought under control for a decade until, like something out of a Joseph fever dream, those ten stable years were followed by a fresh set of five hyper-inflationary ones before a gold-backed new currency was launched last year. You may think it is hard to predict default rates in your market, but imagine how difficult it is when even the most foundational aspects of the economy are prone to upheaval!

It's a frightening thought, and one that might have me running for the hills, but the volatility that scares me has fortified George Nachamba, who saw opportunity and market need. And he responded, building Credisafe to give lenders and vendors the ability to credit score the informal sector. It's a fascinating example of allowing necessity to force innovation, and I think they're building features that credit bureaus in the biggest markets should be paying attention to.

You can find CrediSafe at www.credi-safe.com

George is also the author of 3 books, two related to business management and the other to personal development: you can get them by emailing him using [email protected]

You can connect with George on LinkedIn, like I did: https://www.linkedin.com/in/george-nachamba-423b8223/

You can seek me out on LinkedIn, too, where I'm open to all genuine new connections - https://www.linkedin.com/in/brendanlegrange - and follow the show's page while you're there.

Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24

And since you like podcasts, I'm also co-create hAIghtened senses with Christo van Zyl, in which will look at the intersection between human senses and technology, especially AI-powered technology. You can already start to follow it wherever you're listening to this one - there's only a trailer there at the moment, but we've recorded some of the early episodes and it's going to be a fun ride!

Keep well, Brendan

Hosted on Acast. See acast.com/privacy for more information.