Marketplace Lending News Roundup – June 16

News

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.

Ranger Direct shares end higher after bowing to activist pressure to wind up from Financial Times – Struggling UK listed fund Ranger Direct Lending looks to be closing its doors.

‘Open banking on steroids’: Monzo launches task automation with IFTTT from Tearsheet – This kind of innovation from Monzo is what is going to make digital banking really useful.

Lending through Funding Circle unlocked 75,000 jobs in 2017 from PR Newswire – New report out shows that Funding Circle loans have helped create 75,000 new jobs in the US and UK in 2017.

Fintech threatens to eclipse banks that do not adapt digitally from Financial Times – Interesting opinion piece in the FT by the Chairman of BBVA about the potential transition of banks into marketplaces as they continue to innovate.

Amazon launches lending platform for sellers from The Economic Times – Interesting news out of India where Amazon India becomes the first country to launch their “seller lending network”, it is like a loan marketplace for Amazon sellers.

PayPal rival Adyen surges 90 percent in IPO with valuation topping $15 billion from CNBC – Fantastic start for fintech platform Adyen as they went public in Amsterdam yesterday and soared almost 90% on their first day of trading.

Platforms shift to auto-lending as demand for diversification rises from Peer2Peer Finance News – In the UK there has been a shift among p2p lending investors to choosing automated investing options at the platforms.

California may force online business lenders to disclose rates from American Banker – In California the state senate has passed a bill that would require online lenders to disclose the price of financing in a way that enables borrowers to compare multiple offers.

How to get a job at Goldman Sachs with no degree and a background in face-painting from eFinancialCareers – Interesting look at the hiring requirements for Goldman Sachs, particularly focused on their Marcus division.

Regulation Revolution: The Financial Conduct Authority and Digitally-Native Regulatory Design from Barefoot Innovation Group – Just finished listening to the latest podcast from Jo Ann Barefoot with Chris Woolard and Nick Cook of the FCA in the UK. The most fascinating discussion on the future of financial regulation I have ever heard. It is a must listen.

Funding Circle CEO on the Fintech Frenzy in Europe from Yahoo Finance – Good interview with Samir Desai, CEO of Funding Circle UK, talking about hiring, Brexit, government support for fintech and more. But he gave nothing away on the IPO rumors.

Could Monzo’s Internet of Banking project ‘leapfrog’ its marketplace? from AltFi – More on Monzo’s IFTTT integration and what it might mean for the future of banking.

Alior Bank, solarisBank, Raisin and Mastercard to unveil European digital bank from BankingTech – Another week, another digital bank is announced in Europe. This new bank is backed by solarisBank, Alior Bank SA, Raisin and Mastercard and will launch in Q4.

Is P2P Lending Dying from P2P Lending Expert – Stu Lustman talks about the declining returns from P2P lending and what is being done about it.

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.

Now, feel a little less bad about paltry returns – Forum members continue the discussion on return on assets at banks.

Worst Month Yet – Investors share their May marketplace lending account performance.

Take on debt and put it in Lending Club? – There are differing perspectives on when you should and shouldn’t use leverage in investments.

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