What is hot an Finovate Europe.
$4 trillion consumer credit market in the US.
Is more pessimism in LC stock warranted ?
|Feb 14th 2016|
|LendingClub: Bad Omens, Missteps And A Fiasco||Underperforming credit risk model that caused massive portfolio selloff by Santander USA. Shifting capital source from institutional capital to retail investors to hedge recession risk. Setting expectations for further price hike and slash technology and G&A spend.||A||Seeking Alpha|
|Short-Term Lines of Credit: What You Need to Know||Kabbage vs Ondeck||A||Fundera|
|Peer-to-peer platforms race to obtain authorisation before Isa season||With little more than seven weeks until the start of the Isa season, the UK’s three biggest lending platforms say they have not yet been granted their status as a fully regulated authority by the Financial Conduct Authority (FCA) despite submitting proposals in October 2015.||A||Financial Times|
|Tread carefully in new-fangled peer-to-peer Isas||Old news about p2p ISA in the UK : Peer-to-peer investors will be able to earn returns of up to 6% on £15,240 from April using RateSetter’s newly announced peer-to-peer||B||Money Week|
|Norwest Venture Partners X L P Decreased Stake in Lendingclub (NYSE:LC) by $110.00 Million as Shares Declined||Norwest Venture Partners X L P decreased its stake in Lendingclub (NYSE:LC) by 35.94% based on its latest Q4 2015 regulatory filing with the SEC. Norwest Venture Partners X L P sold 10.00M shares as the company’s stock declined 16.03% while stock markets rallied.||A||Wall Street . ORG|
|LendingClub Stock: Cheap, And Likely Getting Cheaper||LendingClub reported solid Q4 earnings and guided up for 2016. Fears over the impact to the online lending marketplace in the next recession appear misplaced. The stock is cheap, but likely gets cheaper.||A||Seeking Alpha|
|Sands Capital Management Llc Increased Lendingclub Corp (NYSE:LC) by $42.71 Million as Shares Declined||Sands Capital Management Llc increased its stake in Lendingclub Corp (NYSE:LC) by 9.67% based on its latest Q4 2015 regulatory filing with the SEC.||B||Wall Street . ORG|
|P2P Lender Harmoney Nears Launch of Australia Expansion||Harmoney entering AUS from NZ. AUS is 5x bigger. NZ has p2p regulation, AUS has not. AUS has more competition. In AUS it will be marketplace, not p2p. Harmoney has cash on hand $30m with $8.8m raise from P2P Global Investments and Stone Ridge Ventures||A||Crowdfund Insider|
|FinTech tools & Trends at Finovate Europe 2016||Biggest Fintech conference. Not much crowdfunding. Trends : Robo-advisors, Credit risk and fraud protection, payments made mobile, customer interface, transaction ID, social trading and investing.||AAA||Crowdfund Insider|
|Autonomous on Online Lending: Banks Left the Door Wide Open & Digital Lenders Walked Right In||“Digital Lending” estimates that online lending has an addressable market in the US and Europe of $2 trillion dollars. According to Autonomous’ tally, the number add up like this in the US; Consumer Credit, including; student loans, auto, credit cards and Heloc’s totals $4 trillion Small business lending registers $310 billion (loans under $1 million) with an additional demand of $100 billion in the waiting In Europe the numbers are smaller but still quite relevant; Consumer credit at about $1 trillion (UK $372 billion & the continent at $760 billion) SME lending totals $220 billion (UK $51 billion & the continent at $170 billion)||AAA||Crowdfund Insider|
Author : George Popescu
Tagsconsumer credit market size Credit risk and fraud protection customer interface finovate kabbage Lending Club stock ondeck payments made mobile Robo-advisors