From Tuesday until Friday I used to be in Riga for the Finfellas Riga Convention. I spent the day earlier than the convention in scheduled conferences on the places of work of a number of platforms to replace me on present information and communicate with platform managers. A preparty within the night allowed to “heat up” and trade information, concepts and gossip. The convention itself began on Thursday. A lot of the Baltic platforms had been current. Whole attendance I might estimate about 250 to 300 individuals consisting of representatives for platforms, mortgage originators, service suppliers (e.g. authorized, funds, …), monetary establishments, regulators, buyers and bloggers.   The convention was very nicely organized and featured panel discussions, displays and demos over the 2 days in addition to an exhibition space with platform cubicles. The perfect half as at all times for me was the networking alternative.

As a number of platforms have obtained licenses by the regulator in the meantime, one of many primary subject was the maturing of the business and the benefits that include regulation (e.g. lowered counterparty threat, and higher matching to suited investor attributable to required suitability checks).

The development to simplified product choice (one click on investing, autoinvest, streamlined UIs) continues .

The general temper was assured and optimistic after having navigated two black swan occasions (pandemic & Russian invasion of Ukraine) within the current previous.

Assuming the convention might be held subsequent 12 months in Riga once more: See you all there!