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Marketplace Lending News Roundup – December 3

December 3, 2016 By Peter Renton Leave a Comment

Views: 7

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.

Quarterly Industry Report – Q3 2016 from Orchard – The quarterly report from Orchard shows unsecured consumer lending down for the third quarter in a row.

Lending Robot Files to Form Pooled Investment Fund from Crowdfund Insider – Looks like LendingRobot is starting a private fund.

Making P2P firm globally respected from China Daily – Interesting profile of a leader in China’s fintech community, Tang Ning, founder of CreditEase.

Shakeup at CAN Capital – CEO and 2 other Execs Put on Leave of Absence from deBanked – deBanked reports one of the oldest and largest short term small business lenders is going through a shakeup.

Exclusive: LendingClub CEO says company is doing better than most realize from San Francisco Business Times – Good interview with Scott Sanborn and the status of Lending Club today by Mark Calvey in San Francisco Business Times.

Lendit Organizes Fintech Industry Awards for USA Conference in March from Crowdfund Insider – Nice piece on the new LendIt Industry Awards dinner in Crowdfund Insider.

Funding Circle tops £100m in a month from AltFi – Congrats to Funding Circle on being the first UK platform to cross £100M in loans in one month.

Victory Park Capital winds down P2P portfolio after major writedowns from Peer2Peer Finance News – Victory Park’s UK fund is struggling with their marketplace lending investments, switching to balance sheet.

Defaults gather, and now our Ratesetter watch begins from Financial Times – In the UK Kadhim Shubber digs into the mysterious world of the RateSetter provision fund.

International P2P Lending Volumes November 2016 from P2P-Banking – The P2P-Banking marketplace lending loan volumes are out for November with Funding Circle by far the largest platform.

Breslow: Expect to See Partnerships Between Banks and Fintech in The Future (Video) from Bloomberg – Noah Breslow of OnDeck talks regulation, interest rates, banks, revenue growth and more.

Top 5 Insights on Marketplace Lending Platform/Bank Partnerships from LendIt Blog – Full replay and top insights from the recent LendIt webinar on bank partnerships.

Zopa stops taking new money transfers from Peer2Peer Finance News – In the UK Zopa has a glut of investor money and is temporarily shutting off new investments.

Funding Circle passed the same stress test that RBS just failed from AltFi News – The Bank of England recently published the results of its stress test on large banks, the same stress test that Funding Circle undertook earlier this year.

FinTech in China: A 53-Point Summary from Let’s Talk Payments – Great rundown on why China is leading the world in fintech, by a huge margin.

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.

Lending Club Collection Actions – Investors discuss Lending Club’s collection efforts.

calculate the right YTM with R – A discussion on how to calculate the YTM of a loan.

Worst Month Yet – Forum members share their thoughts on recent performance, staying the course and allocation across loan grades.

Filed Under: News Roundup

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ABOUT LENDIT FINTECH NEWS

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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