Tagged: online lending

February 24, 2018 @ 8:07 am By JD Alois  |  

The New York Federal Reserve has published a staff report pertaining to “The Role of Technology in Mortgage Lending”. Authored by Andreas Fuster, Matthew Plosser, Philipp Schnabl, and James Vickery, the research asserts that Fintech is improving the mortgage lending market by making it more efficient… Read More

February 22, 2018 @ 7:38 am By JD Alois  |  

Marketplace lending platform LendingClub (NYSE:LC) has filed an 8K with the Securities and Exchange Commission regarding interest rate changes. For most industry followers this shift should come as no surprise. With the Federal Reserve increasing their benchmark rates, with several increases expected in 2018, it… Read More

February 21, 2018 @ 10:05 pm By JD Alois  |  

Spotcap has announced Vishal Uppal as the winner of the Fintech Scholarship 2017. The first of its kind in Australia, a country that is a hotbed of Fintech innovation relative to its size, the scholarship awards a single aspiring graduate with an interest in Fintech… Read More

February 18, 2018 @ 2:49 pm By JD Alois  |  

PeerIQ, a leading data and analytics platform operating in the online lending sector, has formed a new partnership with Cross River Bank. The news was disseminated in a press release on Friday. The objective of the partnership is to boost the relationship between small bank… Read More

February 16, 2018 @ 9:13 am By JD Alois  |  

Prospa, a Sydney based online lender servicing the SME market, has received a nice recognition as it took the top spot for a high growth firm in Asia Pacific. According to a recent ranking of the top 1000 firms in Asia-Pacific by the FT, Prospa… Read More

February 16, 2018 @ 7:46 am By Therese Torris  |  

After France, Spain and Italy, Lendix is launching operations in Germany and the Netherlands. The company reaffirms its strategy to be first to market with a pan-European strategy, leveraging its marketplace business model through the addition of local teams. “We’re not pivoting. We’re remaining true… Read More

February 14, 2018 @ 9:18 am By JD Alois  |  

Mintos, an online marketplace that provides individuals with a simplified way to invest in loans originated by a variety of alternative lending companies around the world, has announced a new milestone having topped the half a billion euro mark in cumulative investments by investors. Reportedly,… Read More

February 13, 2018 @ 12:19 pm By JD Alois  |  

Today, during an investor presentation at the Credit Suisse 19th Annual Financial Services Forum in Key Biscayne, Florida, Goldman Sachs CEO Lloyd Blankfein delivered a presentation on his bank’s operations. Buried in the middle of the deck was some interesting perspective on Marcus, Goldman’s foray into… Read More

February 13, 2018 @ 11:34 am By Samantha Hurst  |  

Neptune Financial Inc. (NepFin), a California-based financial services company, announced on Tuesday it has launched its very own online commercial lending platform for mid-sized U.S. businesses. According to the company, this new platform was created to become a new source of credit as well as… Read More

February 9, 2018 @ 9:00 pm By Samantha Hurst  |  

Elevate Credit, Inc., a tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, announced on Thursday its full 2017 results. According to CEO of Elevate, Ken Reese, the company ended its first year as a public company with a strong loan growth… Read More

February 8, 2018 @ 5:25 pm By JD Alois  |  

LendingClub (NYSE: LC) has scheduled its Q4 earnings release for Tuesday, February 20, 2018, after market hours. LendingClub will host a conference call at 5PM ET the same day A live webcast of the call will be available on the LendingClub website here.  Alternative you may dial… Read More

February 8, 2018 @ 9:00 am By JD Alois  |  

Upgrade, Renaud Laplanche’s newest online lending startup , has been recognized the number one personal loan platform by Lending Tree – according to Q4 customer reviews. LendingTree’s rankings are based on a weighted average of overall rating and the total volume of customer reviews and… Read More

February 7, 2018 @ 1:27 pm By Samantha Hurst  |  

TaxSlayer, an online professional tax and fintech company, announced on Tuesday it has formed a strategic partnership with Kabbage, Inc., a global technology and data platform powering small business lending. According to the company, this new collaboration is set to offer qualified small business customers hassle-free… Read More

February 7, 2018 @ 10:45 am By JD Alois  |  

Online lending eventually will be the norm, not the exception. As bricks and mortar ebbs away, Fintech is filling the void due to demand and the sheer efficacy of the online lending process. Indicative of this systemic trend is a report this week in WSJ.com… Read More

February 7, 2018 @ 10:01 am By JD Alois  |  

Peer-to-peer lending platform RateSetter has shared that is Innovative Finance ISA (IFISA) will launch tomorrow (February 8th). RateSetter said the IFISA will initially be available to existing customers, then to new customers on 1 March and to inward transfers from other ISAs in April. The creation of… Read More

February 5, 2018 @ 9:06 am By JD Alois  |  

Challenger bank Banco BNI Europa is now investing in loans via the Fellow Finance platform. According to information provided by Fellow Finance, Banco BNI is the first European bank to invest in loans on its platform. Banco BNI Europa will now be present on the… Read More

February 1, 2018 @ 10:05 am By Samantha Hurst  |  

Earlier this week, online lending platform SoFi announced to its employees that, despite its successes in 2017, it will be laying off 65 employees (5% of its 1,300 workforce) in its mortgage-operations centers in Healdsburg, California and Cottonwood Heights, Utah. According to the Wall Street Journal,… Read More

February 1, 2018 @ 12:44 am By JD Alois  |  

Banco BNI Europa and Funding Circle have entered into a partnership to provide access to capital for small and medium-sized businesses in Germany, according to the bank. Banco BNI Europa is a digital challenger bank based in Portugal. As part of the agreement, Banco BNI… Read More

January 29, 2018 @ 2:00 am By Greg Carter  |  

2018 has started strongly. According to the UK Office of National Statistics data, it looks like the UK could be starting to overcome its productivity challenges. Meanwhile, manufacturing output is at its highest level in a decade. And, of course, we’ve seen the global economy… Read More

January 26, 2018 @ 4:44 pm By JD Alois  |  

LendingClub (NYSE:LC), the largest marketplace lending platform in the US, has just posted an 8K regarding a warehouse funding agreement with certain lenders. LendingClub has enlisted the assistance of JPMorgan Chase Bank, N.A. as administrative agent, and Wilmington Trust, National Association as collateral trustee. The warehouse… Read More