Peer to Peer Lending News Roundup – October 4, 2014

During the week I share the latest p2p 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.

Lenders Disrupt U.K. Finance Funding Borrowers Banks Snub from Bloomberg – Excellent in-depth article on Funding Circle and the changing face of small business lending in the UK.

Comparing Prosper and FRED Economic Data from Orchard – Interesting article on Prosper borrowers and how they compare with Fed averages for DTI.

Lending Club: Alibaba-Sized Opportunity from Seeking Alpha – A very bullish report on Lending Club from analysts at Triton Research.

0Is peer-to-peer lending the answer to your savings crisis? from High50 – P2P lending is about to become a lot more attractive in the UK with the inclusion of ISAs next year.

SoFi takes finance back to the golden days from GlobalCapital – Good profile of SoFi with comments from their CFO Nino Fanlo.

Online Lending Sites Offer Alternative to Traditional Borrowing from The New York Times – A look at the new online consumer lending platform, Karrot, from the people at Kabbage, and how it compares to Lending Club and Prosper.

International P2P Lending Services – Loan Volumes September 2014 from Wiseclerk – September was a good month for the European p2p lenders with Ratesetter leading the way.

Peer-to-peer lenders turning to ABS market from Reuters – The securitization industry is starting to take notice of p2p lending.

Banks slow to embrace ‘digital revolution’ from Financial News – Banks are looking to invest in fin tech companies including alternative lenders.

Credit Scoring and Models: Decision Trees from PeerCube – An excellent introduction to building your own credit model.

Lending Club vs. Prosper for New Investors: Which is Best? from LendingMemo – A detailed comparison of the two p2p lending platforms.

Lending Club FOLIOfn Returns and Penny Note Strategy Update from Peer & Social Lending – The results from a note buying strategy on the Lending Club secondary market.

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.

What’s up with this WebBank thing? – Lending Club has slightly changed their arrangement with WebBank this week.

Question on Approval – Questions from a Lending Club borrower  with follow up discussion on the correlation between FICO and loan grade.

Fractional API — Bidding Policy Change – Discussion of the change at Prosper for investors in their fractional marketplace.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, 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.