During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.
Can peer-to-peer lending transform banking? from CNN – I was interviewed at the Lend Academy offices in Denver for this story on P2P lending.
P2P-Picks Responds to LendingClub Data Changes from P2P-Picks – The popular loan selection site explains that the recent Lending Club changes have had very little impact on its models.
Lending Club Launches AA Super Prime Loans: Offers Expanded Options and Lower Rates from Crowdfund Insider – Lending Club adding loan options for the most creditworthy borrowers.
Funding Circle Firing on All Cylinders! from AltFi – In the UK Funding Circle is growing fast and managing both the lender and borrower side well.
Ron Suber’s Keynote from AltFi Global Summit 2014 (video) – Ron Suber explains the “Necessary Nine” for success in marketplace lending.
Industry Profile – Jilliene Helman from Orchard – Profile with the CEO and co-founder of Realty Mogul, one of the most successful real estate platforms.
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This past Monday was the largest P2P lending event ever held in Europe. As many of you know, I am a co-founder and part-owner of LendIt so I was in London for several days preparing and working this event. We ended up with 456 attendees from 34 countries at LendIt Europe with just over 50% coming from the UK. Surprisingly, we also had many people make the trip over from the US.
LendIt Europe was held in the heart of London’s financial district at a modern conference space at 155 Bishopsgate. It was broadcast live online where people from all over the world could tune in. I know of a few Lend Academy readers who set their alarm early to catch the opening keynote.
Speaking of opening keynotes, the event was kicked off by Rhydian Lewis, the CEO and co-founder of Ratesetter. He took us back to 18th century France and the time of the French Revolution comparing that time with the revolution that is happening in financial services. It was an entertaining and thought provoking presentation and was a fitting opening to the conference.
Next up was the always lively Cormac Leech of Liberum Capital. He provided us with some detailed statistics and predictions including this gem: the market in the US and UK will reach $40 billion by the end of 2016. He also predicted that yields would go down in the US over the next two years but will increase in the UK. But when P2P lending becomes eligible for ISAs, presumably in 2015, Leech predicted that this will lead to an additional £47 billion in new retail investor money and eventually that will drive down yields.
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