SALT Voices: Douglas Monticciolo | Founder, CEO & CIO, Brevet Capital Management | Summary and Q&A

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January 9, 2020
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SALT
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SALT Voices: Douglas Monticciolo | Founder, CEO & CIO, Brevet Capital Management

TL;DR

Douglas Monticello, CEO of Breve Capital Management, discusses his company's financial solutions for government payables and the need for increased lending to small businesses in the UAE.

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Questions & Answers

Q: How does Breve Capital Management address the issue of unreliable government payments to vendors?

Breve Capital Management acts as a financial service provider, offering solutions that make payment processes for governments faster and more efficient. By utilizing technology tools and working closely with the government, they aim to solve the timing issues and red tape associated with government payables.

Q: Do private lenders face a confidence gap compared to conventional banks for lending?

Yes, there is a confidence gap when it comes to private lenders. Building trust takes time, as lenders need to know and understand business owners' experiences. However, alternative lenders are increasingly becoming the dominant force in providing capital for businesses worldwide.

Q: Why is there a lack of lending to small and medium businesses in the UAE?

Only a small percentage of conventional financing is directed towards small and medium businesses in the UAE. This is due to factors such as the lack of a solid legal system, ease of access to companies, and a need for better understanding of the UAE's business environment. Adopting a common law framework and establishing consistency in processes can help address this issue.

Q: What needs to be done in emerging markets to achieve maturity in lending and credit?

To achieve maturity in lending and credit, emerging markets like the UAE can benefit from government support programs and backstops that encourage financial technology growth. This support can enable the industry to take calculated risks on a larger scale and align with the government's goals.

Summary & Key Takeaways

  • Douglas Monticello explains that Breve Capital Management provides financial solutions to governments by offering faster, more efficient payment processes through technology tools and close collaboration with government partners.

  • He acknowledges the confidence gap in approaching private lenders but believes alternative lenders are now becoming the dominant source of capital for businesses worldwide.

  • Monticello highlights the need for increased lending to small and medium businesses in the UAE, which currently receive only a small percentage of conventional financing. He suggests a solid legal system and ease of access to companies as key factors to encourage lending in this sector.

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