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Marketplace Lending News Roundup – December 2

December 2, 2017 By Peter Renton 1 Comment

Views: 4

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.

TransUnion Study On FinTech Market; PayPal Enters Robo Advice Market from PeerIQ – This week PeerIQ digs into the recent TransUnion study on fintech lending.

UK peer-to-peer lenders plan to raise millions from ISAs from Financial Times – In the UK the ISA market is about to heat up for p2p lending platforms.

UK consumer lending start-up raises £300m to make new loans from Financial Times – In the UK Lendable is on a roll. They just closed a £300M lending commitment.

Capital Disruption: The Stories of Nine Pioneers and Their Vision to Change the Lending Industry (Book) from Amazon – Honored to be included with other industry luminaries such as Frank Rotman and Sam Hodges in this new book.

The secret to reeling in cybersecurity talent at three big banks from American Banker – There is a huge number of vacancies for cybersecurity jobs so banks are looking to veterans to fill the void.

Trump Administration Looks Beyond Traditional Servicers for Student-Lending Help from The Wall Street Journal – The federal government is looking to some big names to help manage their $1.3T student loan portfolio.

Next Generation Small Business Credit Policy from LendingClub – We haven’t heard much about LendingClub’s small business loans but they have done over $500M.

How AI Is Changing Fintech from Huffington Post – If you are a fintech company and are not embracing AI today you will be left behind.

Upgrade and Corridor Collaborate on Big Data and Credit Analytics from PR Newswire – Interesting collaboration for Renaud Laplanche’s Upgrade as they partner with Corridor Funds on analytics.

P2PGI unveils new strategy that speeds up timetable for target returns from Peer2Peer Finance News – The largest UK lending fund P2PGI announced their new strategy today.

New White Paper: Building a Capital Roadmap from Orchard – Great new white paper from Orchard on building and managing a diversified funding model in non-bank lending.

Would You Take Out a Loan for a Pair of Jeans? from Racked – Interesting piece on Affirm and the changes happening in point of sale financing.

There’s a gift for student lenders in the education bill from American Banker – Congress is working on new legislation that would provide a huge boost for private student lenders.

Credit Suisse gains majority stake in online European lender from AltFi News – Yet another large bank is making moves into online lending.

Lending Club diversifies with pass through deal from Global Capital – Interesting new investment structure from LendingClub launched this week.

Is it time for bankers to rethink bitcoin? from American Banker – Everyone is talking about bitcoin these days but bankers are not convinced of its utility yet.

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.

Tax question – A reminder to investors on how LendingClub and Prosper investments are taxed.

Do ALL loans that make it through LC’s application screening get funded? – Anil from PeerCube responds to better answer this investor’s question.

Dear LC – An investor shares some interesting tables showing cumulative annualized ROI on LendingClub vintages.

Filed Under: News Roundup

Views: 4

Comments

  1. Todd says

    December 2, 2017 at 11:54 am

    Bitcoin has tons of utility. It’s great for embezzlement and money laundering, avoiding and circumventing international sanctions, or for putting your increasingly inflating third-world currency into (as a “last ditch value store”) when the narco-terrorists, socialist dictactors, and wannabe nuclear states ruin economies.

    Oh, you meant, like, positive utility. Hmm. Dunno about that one. But this “heroin” I just got from China – *crosses fingers hoping it’s not fentanyl and warms up the spoon* – soothes any such “rational” worries…

    Hey, I can’t feel myyy

    Reply

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LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

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