China’s government has tried for many years to establish a credit system that rivals the U.S. and Europe, but has...
Peter Renton, Founder of Lend Academy and Co-Founder of LendIt reflects on first interacting with Chris Larsen back in 2010; the co-founder and former CEO of Prosper is now trying to solve a massive multi trillion dollar challenge: enabling instant global payments. Source
A new bill has been introduced in Congress that would mandate the IRS to make their data available via API; the current process for lenders requires borrowers to fill out a form known as IRS 4506-T: Request for Transcript of Tax Return; Lend Academy provides additional information on the bill with thoughts from Congressman McHenry and Nat Hoopes, Executive Director of the Marketplace Lending Association. Source
The San Francisco based online marketplace for consumer loans has gone public down under in the biggest tech IPO of the year on the Australian Exchange. Source
Lend Academy digs in to the complex topic of valuation with this Q&A piece conducted with Houlihan Lokey. Source
The explosion in data has made the data scientist an essential part of all fintech companies. Source
Lend Academy answers the question: Where does the UK stand after more than two months since the introduction of open banking? Source
Experian’s Clear Early Risk Score is the first product released since their acquisition of Clarity Services. Source
At Lang Di Fintech (LendIt's Chinese event), Peter Renton, the founder of Lend Academy, conducted an interview with ZhongAn Insurance CEO Jeffrey Chen; they talked about how the biggest insurtech company uses big data and artificial intelligence to measure risk, the scale of ZhongAn's business, regulatory issues and the future of the company; the article provides five key takeaways from the interview. Source
The Financial Stability Oversight Council's annual report includes a section discussing the risks of marketplace lending. Source