Pepper Hamilton will be hosting a webinar on Tuesday, January 24 at 12:00 PM EST providing insight on the considerations for fintech companies interested in applying for the new fintech charter; topics will include fintech charter advantages, the application process, OCC requirements, OCC oversight and capital requirements; the panel will include Pepper Hamilton lawyers with OCC experience; participants can register here.
The trend of partnering with banks is an increasing one for online lenders, there are many different forms of partnerships for many different reasons and the panel at LendIt USA 2016 gives a good overview of why these partnerships keep happening. Online lenders have structured their partnerships in so many different ways including: white labeling their technology to the bank, setting up an origination engine and loan servicing, using the partnership to improve efficiency for the customer and using banks to buy up loans with their excess capital. Panelists break down how their partnerships with banks came about and how long the process took for the partnership to complete. In most cases the banks and online lenders were in discussions for almost a year. The complexities to these partnerships were brought to light during the panel. It gives a good understanding of how detailed and thorough each party needs to be to ensure compliance and regulatory needs are met. Additionally the panel discussed how online lenders have matured over the last few years and are now in a better position to choose a bank partner. Online lenders are no longer viewed through a certain lens. They are viewed as collaborators and competitors who serve a customer that is very similar to the banks but serve them in a more efficient manner. 2017 looks to be the year of the bank partnership as there is now a track record of partnerships to rely upon for banks and online lenders alike. Check out the full video interview here:
A replay is now available for LendIt's Marketplace Lending 101 forum which was held on Wednesday, January 18; Peter Renton from LendIt and Andrew Dix from Crowdfund Insider took questions from participants about the marketplace lending industry and discussed how to effectively invest in marketplace loans. You can view the webinar replay here:
We had an all-star panel of the pioneer fund managers at LendIt 2016 to discuss how to prepare their portfolio for a market downturn. The managers were beginning to see greater dispersion in returns and started to question whether a downturn was coming. However, as we have seen, the bull market continued its historic rise throughout the year. Nevertheless, it was great to hear firsthand from these managers on how they stay prepared for a market correction. Source
You can view the video here:
LendIt Forum will be hosting Marketplace Lending 101 on January 18 at 2:00 PM EST; in 2016, marketplace lending reported some of the industry's best fixed income returns and loan investing accessibility is expected to continue with an estimated $1 trillion in marketplace loan originations by 2025; Peter Renton of Lend Academy and Andrew Dix from Crowdfund Insider will discuss the evolution of marketplace lending and answer questions from the audience about investing in marketplace lending loans. Source
LendIt has announced the finalists for its first annual industry awards; the award winners will be announced at the LendIt USA 2017 Awards Ceremony on March 7 at 6:30 PM EST; the industry awards include finalists in 17 categories with an additional award for the best LendIt USA 2017 exhibitor. Source
A replay is now available for LendIt's Marketplace Lending 101 forum which was held on Wednesday, January 18; Peter Renton from LendIt and Andrew Dix from Crowdfund Insider answered questions from participants about the marketplace lending industry and discussed how to effectively invest in marketplace loans; many of the topics discussed will be covered further at LendIt USA in March.
LendIt will be hosting a LendIt Forum today featuring speakers Peter Renton from LendIt and Andrew Dix from Crowdfund Insider; participants can submit questions for the speakers to learn more about the evolution of the industry and how to effectively invest in marketplace loans; the forum will take place at 2:00 PM EST; register here and join the webinar today. Source
Peter Renton of Lend Academy and Andrew Dix from Crowdfund Insider will be doing a question and answer forum discussion on Wednesday, January 18 at 2:00 PM EST; the webinar will be hosted by LendIt, Crowdfund Insider and Orchard Platform; participants can submit questions for the speakers at registration or during the webinar; LendIt will also be hosting a number of webinars leading up to LendIt USA 2017; register today for Marketplace Lending 101 and submit your questions. Source
A replay is now available for LendIt's Key Considerations for Risk Retention in Securitization forum which was held on Wednesday, January 11, 2017; the webinar provided insight on new risk retention regulations for securitization in effect beginning December 24, 2016; speakers talked about a range of securitization related topics including optimal risk retention structures, commercial considerations related to sponsors and requirements necessary for majority owned affiliates.
