Hi guys, welcome to the Fintech Coffee Break. I'm your host, Isabelle Castro. 

This week, I shared my coffee break with Ed Mallon, Chief Investment Officer at Pagaya.

This year has been difficult for lenders and the consumers they serve. Rates are at record highs, and ratings agencies are applying added pressure. Meanwhile, the heightened cost of living has increased the need for consumer credit, particularly among the financially fragile, who are the first to be disregarded by lenders as they tighten their approval rates. 

Pagaya has positioned itself to work within this environment, providing banks with an ability to accept more loan applications using alternative data. I spoke to Ed about our approach and possible strategies for lenders during this difficult time.