The Global Fintech 100 list by KPMG and H2 Ventures has been highly publicized and is a leading point of reference for the global fintech market; Lend Academy provides insight on this year's list in their article; the list includes companies from 23 countries with two groupings for established and emerging companies ranked by five factors; marketplace lending reported the greatest representation by category with 32 companies; by country China led the list with four of the top five rankings. Source
The former Treasury Secretary is being replaced by Stanford Economics Professor Susan Athley. Source
Many of the major US banks are now adopting digital strategies into their business; Lend Academy shares progress from JPMorgan, Bank of America, Wells Fargo, Citi and Goldman Sachs. Source
Lend Academy looks at 10 years of data from Lending Club and Prosper; shares data on returns over the time period and where current returns are trending. Source
Lending Club has closed five of its investment funds under LC Advisors; the loans have been sold off to various buyers and the company has rebranded its investment management business to LendingClub Asset Management. Source
The app is available only for the platform's investors; Lend Academy provides screenshots from the app and more details in their article; investors can now invest through the mobile app and also open a new account; the app provides much of the same functionality available through the desktop application allowing investors to monitor their account and make investments from any iOS mobile device. Source
Lending Club has a new deal for investors to earn United miles; last year the initial program awarded 1 mile for every $2 invested; now investors will earn 1 mile for every $1 investors; the program is open to new and existing investors and is valid until January 9, 2018. Source
Lend Academy shares information related to filing taxes with LendingClub and Prosper for the 2017 tax year. Source
Last week LendingClub closed a whole loan transaction structured as a tradable, pass-through security called a CLUB Certificate; Lend Academy reached out to LendingClub to find out more and shares what benefits this structure has for some investors. Source
Banks make up nearly 50% of LendingClub’s platform as originations grow 18% year over year; originations were $2.3 billion for...