Does the LendingClub Scandal Hurt the FinTech Sector?

The video discusses the rise and challenges of peer-to-peer lending, highlighting its market impact and the excitement it generated among venture capitalists. It addresses the risks and misalignment in the business model, particularly the balance sheet risk not borne by underwriting companies. The discussion extends to Silicon Valley's influence on financial services, emphasizing the need for companies to prioritize financial services over technology. The video concludes with an analysis of fintech's future, market dynamics, and the potential for a bubble due to excess capital and limited exits.

What characteristics do the best companies in the financial services sector possess according to the discussion?

What are the implications of the current state of the IPO and M&A markets for the fintech industry?