Lending Club and Prosper have both been around over 10 years now. A lot has changed since both companies were...
AliPay launched a free service this week which allowed users to generate a profile based on their shopping history; users who signed up were automatically enrolled in their credit-scoring system called Sesame Credit unless they unchecked a box; this led to an outcry from users and a subsequent apology from the company; Bloomberg shares how this highlights a broader concern over transparency of user data in the country. Source
dv01 shared they have raised a $15 million Series B round led by Pivot Investment Partners and included George Soros’s...
Morgan Stanley knows how important data is to the core of their business and in 2018 they created the data...
One of the main challenges with the emergency loan process is access to payroll data; small businesses across the country...
Lend Academy looks at 10 years of data from Lending Club and Prosper; shares data on returns over the time period and where current returns are trending. Source
According to a New York Federal Reserve report, online mortgage lenders approve loans faster, experience fewer defaults and encourage more refinancing; not surprisingly they are also able to respond to customers as demands shift; the report studied banks and fintechs to better understand the market; lending from fintechs has grown by 30% annually since 2010, from $34 billion to $161 billion, representing 8% of the market. Source
As financial services continues to become more digital there are a number of lessons they can take from leading companies...
Many customers want to improve their risk profile while offering decisions to their customers quickly; Join us for the webinar...
HouseCanary is a provider of real estate analytics; the company has looked at 41 states with the highest listing and...