Aspire Financial Technologies has released new analytics and forecasting features on its Aspire Gateway Platform; the new tools will provide enhanced analytical capabilities for the originators, investors and banks utilizing the platform; clients will now be able to develop complex loan model portfolios with data from Aspire's data partners: Lending Club, Marlette Funding, Prosper and Progressa. Source
JoinedMay. 30, 2017
Articles5,301
Comments63
This piece was created by one of our content team members. Reach us at [email protected]
LendingOne has launched a lending system for fix and flip lenders in the real estate industry; according to the firm's press release, the platform provides originators with advanced technology to streamline all aspects of the loan-underwriting, closing and servicing processes; with the launch, private lenders can now utilize the LendingOne system to offer more competitive pricing for borrowers; through the system lenders can also subordinate a portion of fix and flip real estate loans. Source
LoanPaymentPro will be exhibiting at LendIt USA 2017; at the event the firm will be launching an advanced form of its Zero-Dollar Authorization (ZDA) technology; the ZDA technology provides lenders with a system for bankcard validation and account verification; through use of ZDA technology lenders can significantly lower their risk of fraud and defaults. Source
Professional Bank Services and Austin Associates have merged to form ProBank Austin with offices now in Louisville, KY, Nashville, TN and Toledo, OH; Professional Bank Services specializes in a range of risk management services for community banks including compliance, safety and soundness, audit and management consulting, as well as M&A advisory, also offering education and training to financial institutions, state banking associations and government agencies; Austin Associates provides consulting and investment banking services including M&A advisory, a variety of strategic planning services for stress testing and profitability analysis, and technology software solutions including the firm's LoanPricingPro software; the combination of the two firms will create one of the nation's most robust community bank consulting and investment banking firms. Source
Online real estate investing marketplace RealtyMogul has announced it will now allow self-directed IRA investment through its MogulREIT I; provides the benefit of passive investment income through a retirement account; MogulREIT I will also now allow for automated dividend reinvestment which can help add to compounding returns for IRA accounts; the product has also announced the inclusion of two new property investments located in San Antonio, Texas and West Chester, Pennsylvania. Source
Unison has reported new funding that brings its total capital raised to $300 million also announcing new leadership appointments; the new capital will help the company continue its focus on providing more affordable home ownership for US consumers; the funding round included Ron Suber of Prosper Marketplace who will also join the firm as a strategic advisor; the firm has recently added several new executives focused on sales and marketing. Source
Ernst & Young has written a white paper on alternative lending and its emergence in the financial services industry; provides details on the alternative lending industry's ecosystem, operating models, challenges, integration opportunities and future outlook; also provides insight on investor considerations for the emerging investment category. Source
Creditas, a provider of online secured loans in Brazil, has closed a $19 million funding round which included investment from World Bank member, International Finance Corporation (IFC), Naspers Fintech, Redpoint Eventures, Kaszek Ventures, Quona Capital and QED Investors; the financing marks the first investment in fintech from IFC, a global leader in emerging market private sector investments; the firm plans to utilize the new capital for new distribution channels, technology innovation, platform growth and market positioning; additionally the firm also plans to reduce its minimum interest rate from 2.15% to 1.99% per month, which is compared to the average consumer lending rate in Brazil of 7.20%. Source
Creditas is an online secured loan provider in Brazil; the company has announced the release of its 2017 Brazil Lending Market Report which provides an overview of the country's trends in consumer lending; also reports on market metrics including interest rate spreads and outstanding debt by lending categories. Source
DecisionHawk seeks to provide a service for advising and educating small businesses on market financing options; the firm is led by entrepreneurs experienced in business owner consulting; they have released DecisionHawk, a software solution offering problem solving, education and collaboration; driven by big data analytics DecisionHawk can be used for a range of business decisions including: debt capital financing, equity capital financing, business insurance and business referrals. Source