Francesco Filia invited on 'The Naked Short Club' to discuss forthcoming book, 'The Future of Finance'

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The conversation on "The Naked Short Club" featured Francesco Filia, Founder & CEO of Fasanara, where he discuss with Dr Stu the forthcoming book "The Future of Finance" he co-authored with Daniele Guerini. The book examines fintech lending as an alternative to traditional banking, highlighting its rise over the past decade, particularly its role in providing credit to small and medium sized enterprises (SMEs) and consumers often overlooked by traditional banks, as well as the risk of ‘flash bank runs’ and the beauty of ‘narrow banking’.

This issue is especially pronounced in Europe, where a significant funding gap exists, contrasting with the US, where a substantial portion of lending occurs outside traditional banking channels.

Filia argues that fintech lending represents a positive shift, offering much-needed capital to underbanked segments of the economy, thereby enhancing financial system resilience and equity. Fintech revolution, including blockchain technology, could rebalance the financial system by reducing reliance on overleveraged banking practices, thus preventing future financial crises.

The discussion touched on concerns about shadow banking and the potential risks of replicating past financial system failures. Filia clarified that, in his view, shadow banking can contribute to system deleveraging, offering a safer, more stable alternative to traditional banking methods.

The conversation also covered the systemic implications of technology-driven financial solutions, including faster capital movement and the potential for "digital bank runs" facilitated by technology. Filia emphasised the need for the financial system to adapt to these changes, advocating for a shift towards more transparent, accountable and data-driven lending practices that can cater more precisely to the needs of the real economy.

Overall, Filia's insights suggest a vision for a more resilient, equitable financial system supported by fintech-enabled innovation, aiming to bridge the gap left by traditional banking and foster a more stable economic environment.

Please see here the link to the full episode: The Naked Short Club - 18 March 2024

About Fasanara

Founded in 2011, Fasanara is a global asset manager and technology platform. We manage more than USD 4 billion in fintech strategies on behalf of pension funds and insurance companies in Europe and North America. With over 200 employees, we are a pioneer investor in fintech lending through our liquid alternative credit funds, enabling real economy impact. Powered by our technology platform with more than 130 fintech lenders fully integrated, originating from over 60 countries, we manage one of the largest and longest standing Fintech Lending funds in Europe. Additionally, we invest in early-stage fintech and Web 3.0 companies via our venture capital vehicles, using our central role in the fintech ecosystem to identify and back what we believe are revolutionary new businesses. For more information, please visit https://www.fasanara.com/