Marketplace Lending News Roundup – September 17, 2016

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.

Fintech start-ups put banks under pressure from Financial Times – Good piece on the interplay between banks and fintech. Many of the online lenders are seeking partnerships.

Discussion Paper on P2P Lending Published by Deutsche Bundesbank from P2P-Banking – The German central bank has published a paper (in English) on p2p lending and the consumer credit market.

RateSetter Brings Back Expected Loss Rates from AltFi – In the UK RateSetter has published new info on their provision fund with expected losses.

Amazon-Wells Fargo Student-Loan Plan Ran Into Political Obstacles from The Wall Street Journal – An interesting look at student loans and the politics of the now defunct Amazon-Wells Fargo deal.

Moody’s Expects Residential Mortgage Backed Securities from Marketplace Lenders from Crowdfund Insider – Moody’s thinks we will see securitizations from the marketplace lending real estate platforms.

LendingClub appoints Thomas Casey CFO from Business Insider – Lending Club has a new CFO, Thomas Casey, to replace Carrie Dolan.

See You Next Month at Lendit Europe from P2P-Banking.com – Claus Lehmann (Wiseclerk) gives a preview of LendIt Europe 2016.

Building a Disclosure Box for the Digital Age from The Huffington Post – Brayden McCarthy on the new Fundera disclosure box bringing transparency to small business borrowers.

Octopus launches P2P lending platform from Financial Times – More on the new UK p2p lending platform called Octopus Choice.

Ron Suber on Marketplace Lending: Keep Calm & Lend On (Deck) from Crowdfund Insider – Industry stalwart Ron Suber gave another great presentation at the AltFi conference yesterday.

Your Financial App May Soon Want to Lend You Money Too from The Wall Street Journal – Congrats to Dee and the MoneyLion team on their new funding line with Macquarie and this coverage in the Wall Street Journal.

Citi Ventures Makes Newest Strategic Investment in FastPay, the Leading FinTech Solution Provider to Digital Businesses from Marketwired – FastPay, a financing provider for digital businesses, has received an investment from Citi Ventures.

Online Lending at AltFi: A New Phase for a Growing Industry from CrowdfundInsider – Good rundown of the AltFi Global conference this week in New York City.

That Marketplace Lending ‘Partner’ Just Wants Your Customers from American Banker – There are so many misunderstandings and incorrect statements here it is staggering American Banker published this.

“Ecosystem” is the new watchword in marketplace lending from AltFi – I agree that the ecosystem is now a critical part of marketplace lending and must be supported.

Peer-to-peer lender passes £100 million milestone for auto loans from Asset Finance International – In the UK auto lending is now £100M and 10% of RateSetter’s business.

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.

My RealtyMogul Returns – One investor shares their returns investing in real estate crowdfunding platform RealtyMogul.com.

I thought the LC IPO was a good thing…boy was I wrong – A reader mis-calculates default rates in their portfolio and the discussion turns to behavioral economics.

Hello and Interest free loans – The forum comments on an old thread discussing lending to friends and family.

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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