Tagged: peeriq

Online Lending: Unsecured Personal Loans Jump by 30% More than Pre-Pandemic: PeerIQ

Unsecured personal loans have risen by around 30% more than pre-pandemic levels, according to a report by PeerIQ. The tech platform which tracks online lending says: ” it appears that lenders are reaching down the credit spectrum to originate loans, with the below prime originations… Read More

Unprecedented Inflation to Impact Financial Markets, Consumer Behavior

A report from PeerIQ notes that the official numbers are in and they’re not looking so great. Inflation, as measured by the CPI, surged at a higher than expected 7.5% annualized rate in January 2022. That’s the fastest rate of price increases since 1982. Expectations… Read More

FDIC Selects PeerIQ, Palantir, Others for Proposals to Accelerate Adoption of Modern Tech Tools

PeerIQ, a top online lending data and analytics operation, has been selected along with several other firms to submit proposals to the Federal Deposit Insurance Corporation (FDIC) aiming to boost the utilization of modern technology tools. PeerIQ is joined by Palantir Technologies, S&P Global Market… Read More

Leading Fintech Cross River Bank Acquires PeerIQ

Cross River Bank has acquired PeerIQ, the leading data and analytics provider for the online lending industry. According to a release, Synthetic P2P Holdings Corporation (dba PeerIQ) was acquired during Q1 of 2021 for an undisclosed amount. Cross River Bank has emerged as the top… Read More

PeerIQ: Consumer Bankruptcies Lower, Loan Performance Strong

PeerIQ, a data house for online lending platforms, reports that consumer bankruptcy filings fell sharply last year. PeerIQ notes that filings under chapter 7 were down 22%, while those under chapter 13 were down 46%. Certain government programs have helped to mitigate bankruptcies as well… Read More

A Win for Fintech? Linda Lacewell Nominated as Superintendent of the New York State Department of Financial Services

Late last week, New York Governor Andrew Cuomo nominated Linda Lacewell to become Superintendent of the New York State Department of Financial Services. Lacewell will replace Maria T. Vullo who announced on December 19th her intent to depart the agency after three years. Vullo will… Read More

PeerIQ: Economic Growth is Solid, Lending Securitization Strong, but are Storm Clouds Gathering?

PeerIQ is out with their Q3 securitization tracker for online lending and the report is quite strong. According to PeerIQ, domestic economic growth is solid and the US consumer is healthy. Marketplace lending securitizations totaled $3.5 billion this quarter representing the 5th highest level ever… Read More

PeerIQ CEO Ram Ahluwalia on OCC Fintech Charter: Consumers Win if it is Implemented Correctly

At the end of July, the US Department of Treasury published a wide-sweeping document on Fintech innovation in the US and what must be done to boost innovation in financial services. While much of the document addressed much needed regulatory reform and overlapping state and… Read More

Online Lending in Risk On Mode: Unprecedented 21 Months of Non Stop Securitization Issuance

PeerIQ has just published their quarterly marketplace lending securitization tracker. The periodic report gauges activity in the online lending sector providing an interesting barometer of industry sentiment and investor activity. The most recent report stated that PeerIQ has observed an “unprecedented 21 months of non-stop… Read More

PeerIQ Q1 Online Lending Report: A Specter is Haunting Financial Services – the Specter of Amazon

PeerIQ is out with their quarterly synopsis regarding all things online lending.  One of the interesting comments is on the growing acceptance that traditional financial firms won’t be Uberized, they will be Amazoned instead. PeerIQ says that Bank Fintech partnerships and M&A continues to be… Read More

PeerIQ Launches Consumer Credit Suite

PeerIQ, a leading data and analytics platform operating in the online lending sector, recently announced it was launching a consumer credit suite, which is a fully integrated data and analytics enhancement available through the PeerIQ Analytics platform. The new suite is notably the result of… Read More

PeerIQ and Cross River Bank Form Data Partnership

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

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

PeerIQ & Mosaic Partner on Solar Loan Asset Backed Securitization

PeerIQ, a leading provider of loan-level analytics that is big into the alternative finance space, has partnered with  Mosaic on a $307 million loan securitization. Mosaic is a leader in the solar financing sector. Launching as a peer to peer lender, Mosaic has shifted into… Read More

PeerIQ Securitization Update: Market Conditions are Strong

PeerIQ, a deep data platform that bridges lenders and the capital markets, periodically publishes a report that provides a unique view into the alternative lending sector. The company is out with their Q3 report that delivers a point in history perspective on online lending. Ram Ahluwalia,… Read More

PeerIQ Closes $12 Million Series A with Backing from TransUnion, Hearst

PeerIQ Expands Into Traditional Lending Sector PeerIQ, a provider of data and analytics for the lending sector, has closed a $12 million Series A funding round, co-led by TransUnion, Hearst’s Financial Venture Fund and Macquarie Group. Existing investors Uprising and former Morgan Stanley CEO John… Read More

PeerIQ Updates on Marketplace Lending Securitization: $2.9 Billion in Q1

PeerIQ is reporting on the Q1 2017 alternative lending markets and, according to their numbers, marketplace lending securitization is a “bright spot” in the ABS market with total issuance topping $2.9 billion this quarter. PeerIQ says that deal sizes continue to grow and all deals… Read More

Seen & Heard at LendItUSA 2017: An Industry Built to Last

LendItUSA, the annual event that jumps between New York City and San Francisco everu 12 months, opened up to larger audiences and an industry sector that endured a challenging year. The online lending sector received a two-punch assault in 2016; a battle that left the… Read More

PeerIQ Forms Partnership with 1010data on Loan Data from Online Lenders

PeerIQ has announced a new partnership with 1010data to provide normalized online lending data to investors. The two companies will seek to provide a robust environment for online lending investors to easily analyze and build applications based off the platform. PeerIQ is a provider of… 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

Send this to a friend