During the week I share the latest marketplace lending and fintech 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.
How peer-to-peer lending turned middle-class Chinese dreamers into angry protesters from Quartz – Interesting piece from the weekend on the problems in the Chinese p2p lending industry right now and the impact it is having on many investors.
China proposes 10 measures to fight against rising P2P risks – Xinhua from Reuters – Another piece on China and 10 measures being rolled out by Chinese authorities to combat the risks of p2p lending.
Highest CPI since 2008, Strong FinTech Earnings, PeerIQ’s Valuation Methodology from PeerIQ – This week’s PeerIQ newsletter brings us the latest industry news and takes a deep dive into loan valuation with the top 5 questions to ask.
How 80-year-old UOB uses AI to anticipate customer behavior from Tearsheet – A look inside the expansion strategies of one of the largest banks in Asia. Great piece by Zack Miller on Singapore’s UOB.
Fintech Crowd Dives Into Subprime Credit-Card Lending from The Wall Street Journal – I think there is more innovation happening in the subprime credit space than many other areas of fintech. There are more responsible options today for these consumers than ever before.
‘Fintechs’ Sound Cautious Note on Offer of U.S. Bank Charter from The New York Times – No companies have applied for the OCC fintech charter yet as most people are taking a wait and see approach.
Overhaul Boosts Credit Scores of Millions of U.S. Consumers from The Wall Street Journal – Many consumers have seen their credit scores rise as delinquencies from things like gym memberships, library fines and traffic tickets are removed from credit histories. [Read more…]