Check out my new article: An obvious question is how will innovation in the banking and litigation finance sectors evolve together? Litigation funding is serving as a de-risking mechanism that doubles as a conduit to justice. Oonbazul.com <https://oonbazul.com/firm-news/webinar-topical-summary-third-party-funding-executive-roundtable-a-perspective-for-banks> recently hosted a discussion titled, “Third Party Funding Executive Roundtable: A Perspective for Banks.” The panel brought together experts from Hereford Litigation, including Mr. Dakis Hagen QC, Mr. Edward Grundy, Managing Partner, Mr. Ben Mays, Managing Director, and the Managing Director from Kroll, Mr. Jason Kardachi. - According to the panel, banks are exploring litigation finance tools for asset recovery. Benefits include risk being absorbed by funders who are motivated to see a return on their investment. - While funders do not control third party litigation, many in-house bank collection operations lack such motivation to innovate. - As such, experienced funders have partnered with leading banks to engage in litigation finance as a risk mitigation strategy. Looking at the international horizon, forecasts suggest that high profile cross-border banks will broadly explore litigation finance facilities. Similarly, investors will look to leverage sophisticated banking relationships that service a new generation of global litigation funding business. A symbiotic relationship that stands to increase overall bank profitability. https://litigationfinancejournal.com/the-future-of-banking-and-litigation-fi... -- *Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>* MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain%20unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/> - Entrepreneurship and Innovation (ip) G@xNY.io +1-646-454-9107 New York, New York 10001