Financial well-being is the ability to meet your current and ongoing financial obligations, feel confident in your financial future, and have the freedom to make choices that contribute to your overall happiness.
AROUND THE WORLD On Saturday Crowdfund Insider reported on new communication from Moody’s regarding the recent decision to grant bank charters to FinTech firms. According to the statements Moody’s believes the move will reduce inherent legal risks involved in the origination process. Nasdaq posted an article on Friday about emerging rules for Chinese P2P lenders….
AROUND THE WORLD On Thursday the Los Angeles Times reported on a recent FinTech decision handed down by the Office of the Comptroller of the Currency. Bank charters can now be issued to online marketplace lenders in the U.S. The agency believes such a decision is in the public’s best interest. This development is expected…
AROUND THE WORLD On Wednesday of last week Banking Technology reported on a new event called “Startupbootcamp” which aims to help emerging FinTech businesses. The organization received 400 applications from 61 different countries. Many of the players on the field were focused on marketplace lending. The Financial Express reported on the cash strapped population in…
AROUND THE WORLD On Monday of last week Juniper Research released a comprehensive report on the future of FinTech. The publication projects that revenues derived from FinTech lending platforms will exceed $10 billion globally by 2020 which is nearly double the expectation of $5.2 billion for this year. The Hindu Business Line reported on data…
AROUND THE WORLD On Friday, last week, TechBullion wrote an interesting piece about the ever-growing P2P marketplace in the UK. They reported a Statista estimate that P2P money transfer users in the UK will reach 8.9 million by the end of 2016. Their article also highlighted increasing interest in mobile wallets. The Taranaki Daily News…
AROUND THE WORLD Despite trepidations radiating from Brexit the P2P market in the UK remains strong. On Friday of last week the independent ratings agency 4thWay reported on the health of 12 peer-to-peer players in the property field. According to CrowdFund Insider, “Combined, these platforms have lent £1.6 billion since 2013. Returns have ranged from…
AROUND THE WORLD On Thursday of last week Inside ARM reported on a recent FTC Forum titled, Peer-to-Peer Payments – Their Emergence and Path Ahead. Those among the panel all “…agreed that the consumer’s cost to use these payment systems was a significant benefit.” It was also reported that many members identified the speed of…
AROUND THE WORLD Q3 P2P lending exceeded £700 million in Q3 according to the UK Peer to Peer Finance Association. This is an increase over the same number reported one year ago showing $658,000,000 in new lending. The P2PFA chair Christine Farnish remarked, “Data from the third quarter of 2016 highlight the strength of peer-to-peer…
AROUND THE WORLD In this Bloomberg article Lending Club has raised rates and tightened credit policies. LC is calling it a ‘weighted average increase of 0.26%’ with increases in rates larger on the riskier grades than on the more conservative ones. And in this Investment News article LC announced their tool for robo investing on…
AROUND THE WORLD In India, The Economic Times discusses P2P lending as a fixed income generating investment with quotes from a couple platforms there. Staying in India, The Business Standard reports that Indian P2P lender Faircent is entering the market of secured loans. Faircent is adding some potentially innovative loan products including loans on gold or…