Search Results for: Vikram S. Pandit

PeerIQ Adds Deepak Agnani to Executive Team. Will Head Financial Products.

Peer to peer credit analytics startup PeerIQ has hired Deepak Agnani to its management team as Head of Financial Products. In this role Deepak will lead the development, marketing and launch of new product offerings. PeerIQ, is notable backed by multiple big names in the finance… Read More

Fintech Platform Point Nabs $8.4M in Series A Funding, Led by Andreessen Horowitz

Point, claiming the title as the first financial technology platform that allows homeowners to unlock their home equity wealth without taking on new debt, announced today that it has raised $8.4 million in Series A funding led by Andreessen Horowitz which also led the company’s… Read More

Point Initiates Forward Flow Purchase Program with Atalaya: Unlocking Home Equity Wealth

Point, a fintech platform that allows homeowners to unlock home equity wealth without taking on new debt, has agreed to a forward flow purchase program with investment firm Atalaya Capital Management to purchase up to $150 million of Point’s structured home equity investment instruments. “We’re… Read More

Report: Kabbage May Acquire Orchard

Orchard Platform is being sold. This is according to a report in Bloomberg that cites individuals aware of the details regarding the pending transaction. Orchard is currently partnering with Bloomberg on online lending data. Kabbage is a leading online lender that has targeted the SME… Read More

PeerIQ CEO Ram Ahluwalia: 2017 Saw a Resurgence of Growth in Online Lending

  There are several people in the online lending industry, inclusive of marketplace and balance sheet lending, that truly know just about everything going on in this evolving sector of finance. Ram Ahluwalia, CEO and co-founder of PeerIQ is one of these persons. His company… Read More

Ram Ahluwalia of PeerIQ Shares the Future of Online Lending

In the online lending world, there are a handful of people that know everything that is going on. From the good to the not so good, their vantage point is unique. Ram Ahluwalia, CEO and co-founder of PeerIQ, is one of these individuals. Ahluwalia launched PeerIQ in… Read More

PeerIQ Inks Agreement with Freedom Financial Network

Fintech firm PeerIQ Analytics has announced that Freedom Financial has integrated their PeerIQ Analytics Platform.  PeerIQ is a top provider of data and analytics for the emerging online lending industry. Freedom Financial Asset Management, a subsidiary of Freedom Financial Network, is described as one of… Read More

PeerIQ & TransUnion Join Forces to Bring Data Transparency Solutions to Marketplace Lending

PeerIQ, a data and analytics provider in the marketplace lending sector, and TransUnion (NYSE: TRU), a global information solutions provider, today announced a strategic partnership to bring enhanced transparency and insight to alternative lending markets. “Our partnership with TransUnion is a significant milestone for us, and… Read More

Monetary Authority of Singapore Regulations Update: “Our Vision is to Make Singapore an Electronic Payments Society”

Financial regulation alterations are underway in order to ensure that electronic payments can be facilitated in Singapore making good on the city-state’s promise that this region is dedicated to becoming a fintech center, according to a release. The Monetary Authority of Singapore (MAS) intends to streamline existing its… Read More

Monetary Authority of Singapore Creates Global Panel to Advise on Fintech

The Monetary Authority of Singapore (MAS) has created an blue ribbon International Technology Advisory Panel (ITAP) to advise MAS on global Fintech developments. The list of participants is highly impressive roster of Fintech leaders.  The Panel includes: Dr. Andreas Braun – Head of Global Data… Read More

CommonBond Bucks the Tide, Raises Over $300 Million, Acquires Gradible Student Loan Company

Online lender CommonBond has raised over $300 million in capital for loan purchases. On top of that figure, CommonBond raised $30 million in equity finance. CommonBond is a lending platform that is targeting the student loan refinance sector. Concurrently, CommonBond announced the acquisition of Gradible… Read More

Finance Disrupted: Digitization of Finance – New York City

The finance industry is at the start of an unprecedented period of disruption. Established firms and start-ups are both embracing disruptive new technologies, from smartphones to “big data” analytics to Bitcoin and the blockchain that underpins it. This promises big changes to banks, insurers, investment… Read More

60 Minutes on Fintech: HENRYs Hate Traditional Banks (Video)

Perpetual television news magazine 60 Minutes has finally gotten around to addressing the Fintech movement. 6o Minutes has been on the air since before most of the people reading this were born (1968). The doyenne of the show, Leslie Stahl, tackles the Fintech topic that… Read More

MMKT Secures $5.9M During Recent Funding Round

MMKT Exchange LLC (“MMKT” or the “Company”),  a secure digital exchange that introduces efficiency, liquidity and transparency to the outdated middle market loan syndication process while increasing accessibility to a broader base of purchasers, announced on Wednesday that it has launched its loan syndication platform and closed… Read More

Next Finance Industry Veteran Makes Move to New Finance as CommonBond Announces Morgan Edwards as CFO

Direct lending platform CommonBond has selected Morgan Edwards as its new Chief Financial Officer.  Edwards has spend the last 7 years as an MD at Macquarie Capital.  According to a company report, Edwards has tallied over 25 years in traditional finance.  At Macquarie he played… Read More

Orchard Co-Founder & CFO Angela Ceresnie: This is Only the Beginning for Marketplace Lending, This is the Future of Credit

  “The technology Orchard builds connects hundreds of millions of dollars of institutional capital to a rapidly expanding number of originators across multiple asset classes. This ultimately touches borrowers in an efficient and transparent manner, which truly makes what we do “many to many.” Orchard… Read More

Citigroup Exec Joins Fast Growing Lender CommonBond

Former Citigroup executive Vinayak Gurjar has joined marketplace lender CommonBond as Chief Risk Officer.  Gurjar joins a growing number of traditional banking managers switching over to new, fast growing financial firms.  While the banking industry has suffered years of slow growth, crushing regulations and a… Read More

Here Comes the Sun: Sunlight (Not Shadow) Banking Heralds the Future

  Sunlight is said to be the best of disinfectants…” Former US Supreme Court Judge Louis Brandeis The old guard is trying to define marketplace lending as part of a murky “shadow banking” industry.  Banking analyst Richard Bove concluded in a recent Rafferty Capital Markets… Read More

PeerIQ Secures $6M in Seed Round; Set to Launch Peer-to-Peer Credit Risk Analytics Platform

PeerIQ, a financial information services company that connects peer-to-peer lending to the capital markets by helping institutional investors analyze, access and manage risk, today announced that it has raised $6 million of seed funding. Uprising and John Mack, former chairman and CEO of Morgan Stanley, led the… Read More

Nelnet Has Agreed to Finance $150 Million of CommonBond’s Loans

CommonBond Expands Service to Over 700 Programs Nationwide. Student loan lender CommonBond has announced a significant commitment from Nelnet(NYSE: NNI), one of the “most venerable names in student loans” to fund $150 million in loans.  Nelnet has also made an equity investment in CommonBond thus… Read More

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