Marc Butterfield, SVP of Innovation and Disruption at the First National Bank of Omaha, said that the results were significant when FNBO ran tests.
LendIt Co-Founder Peter Renton sits down with Mike Baliman of the London Fintech Podcast; Peter talks about the key themes across the US including the capital challenges of 2016, securitizations and the Lending Club incident; they also discuss the China market, its size and some of the misconceptions about the P2P lending industry there. Source
Peter gives a recap of activity in 2016 which included issues across most all of the largest firms and reported many small firm closings with the launch of Marcus by Goldman Sachs changing market competition; compared to 2016, 2017 appears much better with equity investments already surpassing 2016 totals and many new startups launching lending platforms; overall, Peter says the industry is recovering but not recovered and notes that returns are dropping. Source