The Future of Banking and Litigation Finance

[Gunnar Larson]

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-finance/
-- 
*Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>*
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G at xNY.io
+1-646-454-9107
New York, New York 10001
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