Marketplace Lending News Roundup – December 19, 2015

News

During the week I share the latest marketplace 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.

Behind the Boom in Online Lending: A Tiny Utah Bank from The Wall Street Journal – Detailed overview of WebBank and their role in the marketplace lending industry.

Will P2P lenders with interim permissions be able to accept IFISA money? from AltFi – The launch of the new IFISA is less than 4 months away in the UK. Who will participate asks AltFi.

Tech and finance team up and give banks a scare from Marketplace Tech – Yes marketplace lending is slowly transforming lending and banks will have to adapt.

Retail banks wake up to digital lending from Bain & Company – “Banks can handle only 7% of products digitally from end to end.” Why they need to partner with marketplace lenders.

Roll Rates Revisited Again: A look at month by month delinquency transitions across the consumer lending space from Orchard – Great analysis of marketplace lending roll rates by Orchard.

Online Lenders Brace for Fed from The Wall Street Journal – The Fed raised interest rates this week, here is what marketplace lending leaders think about that.

CBA does referral deal with OnDeck from The Sydney Morning Herald – In Australia OnDeck is off to a flying start inking a deal with the largest bank down under.

From Lending Club To China: Soul Htite Builds Top Chinese P2P Lending Site Dianrong from Forbes – Great profile of Dianrong, the Chinese p2p lending market and former Lending Club co-founder Soul Htite.

The Gold Rush of 2015 from FinTech Junkie – Great question from FinTech Junkie: Is there room for the next wave of lending platforms to succeed?

The Risk and Opportunity in Peer-to-Peer Investing from Advisor Perspectives – Financial advisor guru Michael Kitces writes about the problem advisors have with p2p lending (and a solution).

Banks Cozy Up to Online Lending Upstarts from Bloomberg – Online lending is still hot. VCs have invested $10.5B in them through end of Q3, up from $6B in 2014.

Leading Global Fintech Innovators 2015 from H2 Ventures & KPMG – Lots of marketplace lending platforms on the KPMG global fintech 100 list.

Auswide Bank lends $60m, takes 20pc in MoneyPlace from The Age – More bank partnerships down under. MoneyPlace has struck a A$60M deal with Auswide Bank.

2016 P2P lending industry trends by Bondora from Bondora – The p2p lending industry is changing and Bondora digs into the key trends for 2016.

Chinese Lending Club Goes Public on Wall Street from Forbes – Chinese p2p lending platform Yirendai went public on the NYSE today. We will have our report on Monday.

Orchard: Helping Marketplace Lending Investors Make Their “Pick” from Crowdfund Insider – Interesting interview with Orchard co-founder Angela Ceresnie.

From the Lend Academy Forum

The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.

HY Corporate Credit Meltdown – Investors discuss whether P2P lending will be affected by the high yield bond market.

Effect of Previous Delinquencies on Probability of Default – The forum discusses whether some data points correlate with higher probability of default.

How to fund Fundrise account? – The new eREIT from Fundrise is causing a little confusion among investors.

Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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Lisa Wilhelm
Lisa Wilhelm
Dec. 21, 2015 4:17 am

Truly great selection of articles this week, Peter! you outdid yourself this time!