Marketplace Lending News Roundup – January 16, 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.

P2P lending offers investors 10% returns but what’s the catch? from The Age – Good primer on the state of the Australian marketplace lending industry.

Introduction – Orchard Monthly Industry Report from Orchard – Orchard launches their monthly industry report with lots of great charts and info.

Why Lending Club has shunned securitisations from Financial Times – Fascinating article by Kadhim Shubber in FT Alphaville about Lending Club and securitizations.

Harmoney board chairman goes, founder returns from NBR – A board reshuffle for New Zealand P2P platform Harmoney as the chairman resigns and CEO returns.

P2P finance exploded in 2015 as loans from Lending Works grew fourfold from Real Business – Good update on Lending Works and their rapid growth in 2015.

Janet Yellen may be P2P’s biggest threat from The Sydney Morning Herald – I don’t agree that higher interest rates are a big threat to p2p lending but they will have some impact.

A deep dive into China’s peer-to-peer lending space with Spencer Li from AltFi – Interesting commentary on the Chinese p2p lending market in AltFi.

Is FICO Score Going the Way of Phone Booths? from SoFi – Dan Macklin from SoFi explains why they are moving away from the traditional credit scoring system.

One-Third of Retail Banking Revenues at Risk from The Financial Brand – There is going to be a lot of talk this year about banks – here is why they need a marketplace lending strategy.

Fintech Fireside: Marketplace Lending, Ten Years Later [Video] from Credibly – Watch episode 2 in my series of fireside chats with Glenn Goldman of Credibly.

How Lending Club’s Founder Weathered a Rough Post-IPO Year from Inc. – The CEO of Lending Club has no regrets about going public and thinks long term investors will do well.

P2P providers shrug off your concerns about new Isa from FTAdviser – The new UK Innovative Finance ISA launches in 3 months but advisors will not be on board initially.

Small biz lending OnDeck: CEO (Video) from CNBC – The CEO of OnDeck on CNBC talks about small biz lending and their JPMorgan partnership.

So far, so good from The Economist – Can SoFi reach a $100 billion valuation? The Economist explores this leading fintech company’s big plans.

Digital Lending The 100 billion dollar question from Autonomous – Check out the latest marketplace lending research report from Autonomous – best one I have seen in a while.

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.

Question about Loans Paid Early – An investor asks about calculating returns on notes where borrowers have paid early.

Recommend Tax Software-P2P lending friendly – Tax season is approaching and one investor is looking for recommendations of tax software for those with p2p portfolios.

How are Loan ID’s assigned? – Investors speculate on how Lending Club assigns loan ID’s to borrowers.

 

  • 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. 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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