Lend Academy provides insight and highlights from the event's keynote speakers in their article; day one featured Scott Sanborn from Lending Club as the event's leading keynote speaker and also included three keynote presentations on regulation in the industry from Congressman Patrick McHenry, Comptroller Thomas Curry and CFPB Director Richard Cordray; day two began with Alex Tapscott discussing blockchain and followed with a variety of insights from leading industry innovators; Lend Academy also reports on PitchIt and the LendIt Industry Awards additionally including key takeaways from the event overall; videos from the event will all be published within the next few days and can be found on the LendIt USA 2017 video page. Source
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Yirendai released its Q4 2016 earnings after the closing bell on March 15; the Chinese online lender issued a US initial public offering of its stock in December 2015; Lend Academy provides an analysis of the company's Q4 2016 results in their article; the firm has been growing online loan originations by over 100% per year since 2013; mobile has been a significant factor for the company with 98.8% of online volume generated through Yirendai's mobile application and 85% of investors using the mobile application for investment; as a well-established firm, Yirendai is also benefiting from China's P2P regulatory focus and a higher quality portfolio of borrowers and lenders; the firm is expanding its product lines and also offering a new platform as a service product, the Yirendai Enabling Platform; it expects a similar pace of growth in 2017 with minimum projected loan originations of RMB 33 billion ($4.753 billion) compared to RMB 20.28 billion ($2.9 billion) in 2016 and minimum revenue of RMB 4.4 billion ($634 million) compared to RMB 3.2 billion ($466.4 million) in 2016. Source