MonJa Monthly News Update- October 2016

In Industry News by Yulia GnatyukLeave a Comment

Here are some of the top stories and trends of September 2016 for marketplace lending investors and industry watchers:

Industry News:

09-01-2016- Plentiful opportunities in alternative credit and niche lending, says PIMCO (altfi)

09-01-2016- New Fintech Partnership: Currencycloud Links with Arkéa Banking Services (Crowdfund Insider)

09-05-2016- KKR: Alternative credit set to be “star performing” asset class (altfi)

09-06-2016- Hong Kong to launch banking fintech ‘sandbox’ as rivals pull ahead (Reuters)

09-06-2016- RiverNorth Gets Approval From SEC for Marketplace Lending 40-Act Fund (Lend Academy)

09-06-2016- Research: European Alternative Finance Jumps to €5.4 billion in 2015 (Crowdfund Insider)  

09-09-2016- Hong Kong Monetary Authority Announces Fintech Innovation Hub & Supervisory Sandbox (Crowdfund Insider)  

09-12-2016- Paving the way for institutional investment in the alternative finance sector (altfi)

09-14-2016- The First Marketplace Lending Policy Summit Takes Place in Washington (Lend Academy)

09-15-2016- Chicago Federal Reserve: Rapid Rise of Fintech is Changing the Landscape of Banking (Crowdfund Insider)  

09-15-2016- “Ecosystem” is the new watchword in marketplace lending (altfi)

09-15-2016- Ron Suber on Marketplace Lending: Keep Calm & Lend On (Deck) (Crowdfund Insider)  

09-16-2016-  Momentum Continues: A Vote of Confidence for Online Lending (Lend Academy)

09-16-2016- “How do we get permanent capital?” (altfi)

09-19-2016- 25% of global banks would buy a fintech company (Business Insider)  

09-19-2016- Should Fintechs become Banks? (Lend Academy)

09-20-2016- Israeli P2P Lender BLender Opens Up First EU Offices (Crowdfund Insider)  

09-22-2016- What happened to transparency for investors? (Business Insider)

09-26-2016- The Pure Marketplace Lending Model is Dead, the Hybrid Takes its Place (Lend Academy)  

09-26-2016- Lend Responsibly: Folk2Folk CEO Jane Dumeresque Shares Vision of P2P Lending (Crowdfund Insider)

09-27-2016- Chase’s Push Into SMB Lending (PYMTS.com)

09-27-2016-  Able Lending Receives $100 Million To Fund Small Business Loans Despite Wider Industry Slowdown (Forbes)

Platform News:

09-07-2016- Orchard Platform Is Disrupting Financial Services From The Inside Out (Forbes)

09-07-2016- SoFi Looks to Raise $500 Million in Latest Test for Fintech (WSJ)

09-08-2016- Funding Circle publishes post-Brexit stress test (altfi)

09-12-2016- Lending Club Appoints Thomas Casey as CFO (Crowdfund Insider)  

09-16-2016- EXCLUSIVE: FCA circles on P2P platforms with September ‘business model’ inspections (altfi)

09-16-2016-  Prosper: Performance Update: August 2016 (Prosper)

09-20-2016- Brief: Funding Circle Announces New Partnership With Business Coaching Firm ActionCOACH (Crowdfund Insider)  

09-21/2016- Zopa readies £138m debut securitisation, receives Aa3 rating (altfi)

09-22-2016-  Getting a Leg Up: P2P Global Investments & Zopa Work on Europe’s First Securitization of Unsecured Consumer Loans Originated Online (Crowdfund Insider)

09-23-2016- China’s largest P2P lender Lufax taps four banks for Hong Kong IPO: sources (Reuters)

09-26-2016- P2P funds’ weak sentiment unjustified based on UK platform performance, says investment bank Jefferies (altfi)

 

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