Jason talks with Forbes about his involvement in marketplace lending, the development of the first LendIt USA event in 2013 and much more; initially founded by Jones, Bo Brustkern and Peter Renton, LendIt started as a meetup and has grown to become the biggest show in lending and fintech in the US, Europe and China; this year's LendIt USA event will feature the market's leading online lenders, new tracks for fintech innovation and PitchIt at LendIt with eight finalists presenting before a panel of judges; LendIt hosts three events throughout the year with its next event in China. Source
LendIt News has launched as a new media brand for LendIt; serving as a unique industry resource, it will provide up to date content and analysis on fintech industry news, giving LendIt followers daily insight on the industry's most important topics and trends; subscribers receive daily industry news emails and insight on global activity. Source
LendIt will be hosting a LendIt Forum today featuring speakers Peter Renton from LendIt and Andrew Dix from Crowdfund Insider; participants can submit questions for the speakers to learn more about the evolution of the industry and how to effectively invest in marketplace loans; the forum will take place at 2:00 PM EST; register here and join the webinar today. Source
Peter Renton of Lend Academy and Andrew Dix from Crowdfund Insider will be doing a question and answer forum discussion on Wednesday, January 18 at 2:00 PM EST; the webinar will be hosted by LendIt, Crowdfund Insider and Orchard Platform; participants can submit questions for the speakers at registration or during the webinar; LendIt will also be hosting a number of webinars leading up to LendIt USA 2017; register today for Marketplace Lending 101 and submit your questions. Source
The LendIt 2014 Conference was attended by over 950 people in San Francisco in early May. We also had several...
Lend Academy summarizes the activity of past LendIt PitchIt finalists in their article; a LendIt competition for startup businesses, PitchIt provides finalists the opportunity to present their business in front of a panel of judges and an audience of investors with the goal of receiving new venture capital funding for business growth; since 2015, PitchIt has helped support the success of the many finalists detailed in the Lend Academy article. Source
A real quick one today. I wanted to give everyone a heads up that registrations for the LendIt Conference are coming in...
Originators of all stripes are using machines in the underwriting process. Understanding the capabilities and how best to underwrite in a more automated way is something lenders are still working on.
At LendIt USA 2016 Douglas Merrill of Zest Finance discusses the credit and underwriting process and how consumers are really looking for an experience that automates the choice of loans for them based upon the existing data available.
Douglas believes that speed matters but nobody knows that it matters, when consumers come to the lender for a loan they are not looking for a loan but for life certainty. The loan is just a product, a seamless and improved experience is what the borrower wants.
We should be discussing loans in seconds and microseconds, not days or weeks. Machines can help to automate the process based on your existing data set and a borrower should not need to fill out a loan application. Computation, storage and bandwidth are free and infinite. The things we can do with data are exciting and seemingly endless.
The current underwriting has been stuck in the 70's. Data has enabled us to change underwriting and develop new types of products; machines can help to make this happen. Why do lenders make you apply for a loan? Lenders know enough about you to know what you should need and they don't need you to fill out an application at all.
An automated underwriting process and the amount of data available through traditional and nontraditional means will help to continue the advancement in credit. At LendIt USA 2017 we will be covering the latest innovations in credit and underwriting. Learn what is coming next from the top originators, credit bureaus and service providers.
Check out the full video here:
Even though we are still nine months away the LendIt Fintech team is already hard at work producing our biggest...
On Sunday night LendIt 2014 kicked off with a cocktail party on the 46th floor of the Hilton Hotel in San Francisco. sponsored...