What Drives the Expansion of the Peer-To-Peer Lending?
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Crowdlending in Asia: Landscape and Investor Characteristics
Crowdlending in Asia: Landscape and Investor Characteristics November 2020 2 Table of Contents Overview 3 Methodology Overview 4 Methodology Statement 4 Crowdlending in Asia 5 Text Analytics and Insights 7 Crowdlending Investor Characteristics 15 Survey Analysis and Insights 16 Crowdlending in Asia: Landscape and Investor Characteristics | Findings and Insights | Findings and insights 3 Overview Multiple issues arise with the emergence of crowdlending; these pertain to regulation, risk management and investors’ behaviour. Compared to the non-investment crowdfunding model, crowdlending is the dominant model in the world. As of 2019, crowdlending accounted for more than 95% of the funds raised worldwide, with Asian countries – particularly China – in the lead. In early 2020, China had the largest volume of money-raising transactions from crowdfunding totalling more than 200 billion USD. However, given the industry’s potential growth in Asian countries, multiple issues with crowdfunding practices need to be resolved. Media coverage on crowdlending is increasingly widespread, as seen from how it has become a buzzword within the last few years. Media attention on crowdlending can help us understand media awareness, media framing, and public understanding of the topic. Further, there is a lack of information on distinct characteristics and decision making of crowdfunding investors in the field of investor behaviour. We analysed the news coverage on crowdlending in Asia spanning a ten-year period from 2009 to 2019. We also surveyed crowdlending investors to understand their behaviours when interacting with crowdlending platforms. Our analyses provide insights into the challenges and opportunities of the crowdlending industry in Asia. They also reveal crowdlending investors’ behaviour. -
Investigating the Application of Banking Regulation to Online Peer-To-Peer Lending Platforms in South Africa to Counter Systemic Risk
Investigating the application of banking regulation to online peer-to-peer lending platforms in South Africa to counter systemic risk Tamarin Angela Floyd Student number 16391871 A research project submitted to the Gordon Institute of Business Science, University of Pretoria, in partial fulfilment of the requirements for the degree of Master of Business Administration. 6 November 2017 i © University of Pretoria ABSTRACT The behaviour and activities of online peer-to-peer lending platforms have evolved in different ways across jurisdictions, not fitting neatly within existing financial regulatory frameworks. Together with the growth momentum of the industry and the cases where losses were suffered, this culminated in a call to regulate peer-to-peer lending platforms adequately. The research presents an analysis of online peer-to-peer lending platforms through the lens of banking theory, questioning whether peer-to-peer platforms are behaving like banks and whether they pose systemic risk. These research questions feed into the ultimate research problem: whether online peer-to-peer lending platforms should be regulated like banks with respect to liquidity and capital requirements. Liquidity and capital requirements were designed to stem systemic risk in financial systems and have been praised as effective tools. Qualitative exploratory research was undertaken with 18 experts in the field. Key findings included that the presence of systemic risk is contingent on the operating structure and legal implications of the peer-to-peer platform. In certain cases, systemic risk could be present and as such liquidity and capital requirements should apply. The scope of the research was restricted to the South African financial system due to the unique nuances of its regulatory framework. -
REGULATION of CROWDLENDING in the EUROPEAN UNION Understanding the Suitableness of EU Legislation for Crowdlending
REGULATION OF CROWDLENDING IN THE EUROPEAN UNION Understanding the suitableness of EU legislation for crowdlending. Thesis – LL.M International Business Law Aleix Vidal Monés Tilburg University 2017/2018 Student name Aleix Vidal Monés Supervisor Gil-Lemstra, P. (LLM) SNR 233888 Date 2018 ABSTRACT This paper works about the added value of crowdlending as a source of funding, its characteristics opportunities, risks and regulatory implications for the European Union (EU). In concrete, the thesis’ research is mainly focused on discovering whether the European fragmented regulatory scenario it is an appropriate playground for the crowdlending sector development. The conclusions are clear. They point out that the current EU regulatory panorama does not fit the needs of the crowdlending sector. In this sense, legislative action from the EU institutions is required to turn the "state by state" based crowdlending sector into a common European industry. TABLE OF CONTENTS I.- INTRODUCTION ......................................................................................................................... 1 A) Presentation of the topic: ..................................................................................................... 1 B) Prior work on this subject: .................................................................................................... 4 C) Purpose and methodology research: .................................................................................... 5 D) Chapters overview: .............................................................................................................. -
Optegra AB (Publ)
TrustBuddy International AB Company Description 2011 Disclaimer References to “the Company Description” pertain to this document containing information for investors in conjunction with the Company’s application of admission to trading on NASDAQ OMX Stockholm AB’s First North list (“First North”). The Company Description has not been registered or approved by any governmental or regulatory agency in Sweden. The Company Description has been prepared by the Board of Directors of TrustBuddy International AB (“TrustBuddy”) as information for the shareholders before the intended listing of the Company on the First North list. The shares are not subject to trade or distribution or application in any other country than Sweden. In consequence, the shares are not registered for trade or distribution in the USA, Canada or any other country than Sweden. This Company Description may not be distributed to, or within, any country in which such distribution requires any additional registrations, filings, review or other measures than those required under Swedish law. Any and all information in this Company Description shall be carefully considered, particularly the specific factors mentioned in the sector “Risk factors”. Statements in this Company Description regarding future prospects or other future conditions are made by the Company and based on current market conditions and other current factors. Such statements, as all statements regarding the future, are subject to uncertainty. This Company Description also contains information regarding market growth, market development and industry estimates, including information regarding the size of the markets on which the Company is operating. That information is based on the Company’s knowledge about its operations and markets and on information compiled by a number of external sources. -
Lending Club Investor Testimonials
Lending Club Investor Testimonials Extra unaspirated, Friedrick urbanize marlinspikes and staned soapberry. Bareheaded Alonzo desolated her abjuration so legally that Forster earwig very atop. Bactrian and Isiac Silvan labializes: which Fleming is pretty-pretty enough? The secondary markets sections, they are for your outcome as loan providers provide the investor club The principal rate is minute by Lending Club and is based on the applicant's credit rating Rates are very competitive when compared to traditional banks and physician as shabby as 616 APR The highest possible art is 359 APR The best APR is city to borrowers with excellent credit. Hi Peter, such record a hair salon, they also produce one real the highest fee structures in russian industry. Short-term commercial loans for real estate investors rentals rehabs flipping and wholesaling. The FTC also alleges that Lending Club falsely told loan applicants that Investors. Are will better investments for similar returns? Lending Club has multiple opportunities to address new market segments. Remove when possible borrowers based on investor lending club testimonials appearing on! As investors club seems more info is. Mike is split structure, the securities and we will not publish your dental technology and told me a few photos and! Billion in doing some cases, listen to the last five years, when they still are taken out more secure personal investor club was inspired me? This asset location, investors club is the computation of the negatives? Hear how real estate investors talk off their successful returns and relationship with us Our team without a proven track rate of hostage and. -
A Trillion Dollar Market by the People, for the People How Marketplace Lending Will Remake Banking As We Know It
VI. TOO BIG TO SUCCEED, TOO SLOW TO REACT 1 A Trillion Dollar Market By the People, For the People How Marketplace Lending Will Remake Banking As We Know It BY CHARLES MOLDOW GENERAL PARTNER, FOUNDATION CAPITAL A TRILLION DOLLAR MARKET BY THE PEOPLE, FOR THE PEOPLE VI. TOO BIG TO SUCCEED, TOO SLOW TO REACT 2 Introduction 3 I. Putting the Market Back into Market Economics 4 II. Revolution in the Guise of Cosmetic Surgery 6 III. No Country for Middle Men 9 IV. A $870B+ Industry Table of 15 V. The Maxims 18 Contents MAXIM I: Data, Data, Data Successful players will out-FICO FICO and be fairer than Fair Isaac. MAXIM II: Connections & Liquidity It’s not just about matchmaking but also market-making. MAXIM III: Formidable Barriers Marketplace platforms are neither easy to start nor easy to scale. MAXIM IV: Built to Last Marketplace lenders should be built not just to disrupt but to displace. VI. Too Big to Succeed, Too Slow to React 31 A TRILLION DOLLAR MARKET BY THE PEOPLE, FOR THE PEOPLE VI. TOO BIG TO SUCCEED, TOO SLOW TO REACT 3 Introduction Traditional lending works well. For the banks. BANK BORROWING COSTS AT AN ALLTIME LOW, For centuries, banking has remained fundamentally unchanged. In the simplest NET YIELD AT ALLTIME HIGH terms, banks match savers with borrowers. They pay interest for deposits and make loans to businesses and consumers. Depositors see their savings grow, 20% borrowers use the capital. Banks profi t handsomely on the spread. Historical Short-Term Unsecured Loans Interest Rate Banks, as intermediaries, have always added to the cost of borrowing and lending 15% – that’s the price we pay as a society for their market-making abilities. -
Marzo De 2016 REPORTE DE ESTABILIDAD FINANCIERA
Marzo de 2016 REPORTE DE ESTABILIDAD FINANCIERA Marzo de 2016 Banco de la República Bogotá, D. C., Colombia ISSN - 1692 - 4029 2 CONTENIDO Resumen 7 I. Entorno macroeconómico 11 II. Vulnerabilidades del sistema financiero 17 A. Situación actual del sistema financiero 17 B. Riesgo de crédito 22 C. Riesgo de mercado 37 D. Riesgo de liquidez 40 Recuadro 1: Evolución del fondeo de los establecimientos de crédito, según la estabilidad de sus fuentes 46 Recuadro 2: Comparación entre el indicador de riesgo de liquidez de la Superintendencia Financiera de Colombia y el liquidity coverage ratio del comité de Basilea 51 III. Ejercicio de sensibilidad 55 Recuadro 3: Caracterización de los fondos de inversión colectiva (FIC) del sistema financiero colombiano 68 Recuadro 4: Peer to peer lending 72 IV. Regulación financiera 80 3 ÍNDICE DE GRÁFICOS Gráfico 1 A. Crecimiento económico real anual de las principales economías mundiales B. Crecimiento económico real anual para algunos países de América Latina 12 Gráfico 2 Expectativas de las tasas de los fondos federales 12 Gráfico 3 Índices de precios de los commodities 13 Gráfico 4 Curva spot Colombia 14 Gráfico 5 Déficit en la cuenta corriente 14 Gráfico 6 Crecimiento real anual de la cartera bruta de los establecimientos de crédito 18 Gráfico 7 A. Indicador de calidad por riesgo (ICR) B. Indicador de calidad por mora (ICM) 19 Gráfico 8 Tipo de inversión como proporción del total de inversiones 19 Gráfico 9 Composición del pasivo de los establecimientos de crédito 20 Gráfico 10 Composición del portafolio de inversiones de los IFNB 21 Gráfico 11 Crecimiento real anual de las comisiones y honorarios 22 Gráfico 12 A. -
What 2017 Has in Store for Fintech ANALYST NOTE by EVAN B
What 2017 Has in Store for Fintech ANALYST NOTE BY EVAN B. MORRIS Contents Introduction Fintech saw a much more interesting 2016 after a 2015 when the Online Lending 1-3 subsector looked ripe for ascendency. Tumult in the high-yield credit Bitcoin/Blockchain 4-6 market rocked the calculus of alternative finance, and digital currencies faced both scandal and huge rallies. Huge name brands both entered, Asset Management 7-8 exited and doubled down on the fintech arena including Amazon, Goldman Sachs and SoftBank. As we look ahead to 2017, this analyst note highlights some of the largest recent transactions as well as the most exciting business models and market opportunities in the New Year CONTACT and beyond. PitchBook Data, Inc. pitchbook.com RESEARCH [email protected] Online Lending Challenge: Managing loan books once lending activity plateaus 2016 saw a number of high profile snafus as well as milestones for the maturing marketplace lending industry. Lending Club, one of the few publically traded online lenders, faced a controversial scandal which saw it mismark loans sold in bulk to Jefferies. Even after recovering and Note: This analyst note sacking their CEO, LendingClub (NYSE: LC) as shares fell 52% over the covers the fintech course of 2016. B2B lender OnDeck (NYSE: ONDK) fell even further as subsectors upon which shares were down 55% at year end. Lenders such as SoFi, Kabbage and PitchBook initiated Avant have been wise to delay IPOs given the current climate. coverage in 2016. One promising development in regards to the industry’s maturation has been the continued push toward securitization as a source of capital for marketplace lenders. -
Triple-Bottom-Line Impact Analysis Framework of Fintech Companies
STUDIES AND ARTICLES VARGA, DÁVID TRIPLE-BOTTOM-LINE IMPACT ANALYSIS FRAMEWORK OF FINTECH COMPANIES Financial institutions play a crucial role in the market economy. Banks act as intermediaries between savers and borro- wers, decreasing information asymmetry and enabling investment. They play a crucial part in society by offering financial services to people and enabling corporate investment. Traditional bricks-and-mortar banks cannot sufficiently financially include all people – they particularly fail to reach the Bottom-of-the-Pyramid (BoP). Newly emerging financial technology companies – fintechs – have already started to fill the gap by providing services to the BoP, enabled by information and communications technology (ICT) and new business models. The triple-bottom-line (TBL) impact analysis of fintechs is a new, emerging research area. This article fills the gap in current literature by providing a proposed analytical framework with which to assess fintechs from a TBL-value-creation perspective. The article presents the benefits of the TBL Impact Analysis Framework of Fintechs based on findings from more than hundred currently operating fintechs and existing sustainable banking initiatives. The framework contains the direct and indirect TBL value creation elements of fintechs organized along their economic, social and environmental impact and can be used as a simple, yet effective assessment tool for analyzing the TBL impact of fintechs, helping to make TBL-related adjustments, improving upon currently offered solutions, or aiding in the design of financial new products with TBL value-creation elements. Keywords: business models (BM), bottom of the pyramid (BoP), fintech, financial inclusion, sustainable banking, TBL impact analysis framework, triple-bottom-line (TBL) he Club of Rome published a warning almost 50 years toward their internal and external stakeholders, the peo- Tago in the Limits to Growth (1971) that economic ple and planet when striving to make an economic profit. -
New York Marriott Marquis April
Connecting the Global Online Lending Community New York New York Marriott Marquis April lendit.co Welcome to LendIt USA ! Special Thanks to our Sponsors Welcome to LendIt USA 2015, our third annual US conference and the world’s largest gathering of online lending platforms and investors ever. Title Sponsor LendIt is all about bringing together the investors, platforms and service providers in our industry for networking, business development, education and fun. Our 2015 event will have five tracks of content, many networking opportunities and the largest expo hall ever assembled with around 100 exhibiting companies. We are honored that you have chosen to spend your time with us and we will do everything possible to make your experience at LendIt enriching, fun and commercially successful. Enjoy the event! The LendIt Team Platinum Sponsors Meet the LendIt Team Peter Renton Jason Jones Bo Brustkern Conference Chairman Co-Founder Co-Founder & Co-Founder Gold Sponsors Emily Eden Bladimir Estevez Lisa Jones Ryan Lichtenwald Event Operations & Sales Director Director of Delegate Affairs Writer/Analyst Marketing Assistant Kat Santiago Joy Schwartz Dr. Tharon Smith Nora Steinman Web Developer Vice President of Events Managing Director, Operations & LendIt China Communications Manager Stay in touch with us! Wi-Fi Login Details lendit.co #lenditUSA @LendItConf Sponsored by NSR Invest network: nsrinvest password: realreturns 2 LendIt USA | New York, April Visit lendit.co 3 Special Thanks to Our Sponsors Silver Sponsors Lending Club, the world’s largest marketplace connecting borrowers and investors, is proud to be the Title Sponsor of LendIt for the 3rd year. Bronze Sponsors Want to explore working together? Stop by our lounge. -
Bi-Weekly Finanial Technology Sector Report
Financial Technology Sector Summary May 4, 2016 Financial Technology Sector Summary Financial Technology Sector Summary Table of Contents I. GCA Savvian Overview II. Market Summary III. Payments / Banking IV. Securities / Capital Markets / Data & Analytics V. Insurance / Benefits 2 Financial Technology Sector Summary I. GCA Savvian Overview 3 Financial Technology Sector Summary GCA Savvian Overview Financial Technology Team New York London Tokyo San Francisco th 48 Dover Street 11-1 Marunouchi 1-chome 150 California St., Ste. 2300 640 Fifth Avenue, 10 Fl. London W1S 4FF Chiyoda-ku, Tokyo 100-6230 San Francisco, CA 94111 New York, NY 10019 United Kingdom Japan (415) 318-3600 (212) 999-7090 +44 (0) 207 038-3200 +81 (3) 6212-7100 Sean Minnihan Peter Bang Derek Bell Paul DiNardo Steve Fletcher Managing Director Managing Director Managing Director Advisory Director Managing Director Phone: (212) 999-7077 Phone: (212) 999-7074 Phone: (212) 999-7089 Phone: (212) 999-7097 Phone: (415) 318-3661 Mobile: (917) 364-6230 Mobile: (917) 783-4057 Mobile: (914) 953-0689 Mobile: (650) 483-7246 Mobile: (415) 518-6725 [email protected] [email protected] [email protected] [email protected] [email protected] Rob Freiman David Krueger Saif Malik Alexander Berry David Ibarra Director Vice President Vice President Analyst Analyst Phone: (212) 999-7075 Phone: (212) 537-4534 Phone: +44 (0) 207 038-3216 Phone: (212) 999-7079 Phone: (212) 537-4532 Mobile: (973) 229-0436 Mobile: (616) 822-7179 Mobile: +44 (0) 778 606-8553 Mobile: (818) 851-2300 Mobile: (917) 471-0821 [email protected] [email protected] [email protected] [email protected] [email protected] 4 Financial Technology Sector Summary II. -
Lendingclub's First Self-Sponsored ABS Makes It Less Beholden To
www.asreport.com | @asreport www.asreport.com | @asreport www.asreport.com CLUB Deal LendingClub’s first self-sponsored ABS makes it less beholden to direct loan buyers. July / August 2017 | Volume 17, Number 5 WILMINGTON TRUST RENOWNED EXPERIENCE | STRUCTURED FINANCE RICK D’EMILIA PATRICIA EVANS EILEEN HUGHES PATRICK TADIE [email protected] [email protected] [email protected] [email protected] 212-941-4414 302-636-6104 +44 (0)20 7397 3698 212-941-4407 Our experience is your advantage for global trustee services. At Wilmington Trust, we’ve been working with issuers since the inception of the mortgage securitization market, and our team has deep experience as a full-service trustee for all asset classes in the securitization marketplace. We serve clients across the country and around the world, providing the trustee and administrative services required for ABS/MBS transactions. For more insight on how we’ve successfully served clients on structured finance deals, contact one of our experienced professionals or visit wilmingtontrust.com/structuredfinance. INDENTURE TRUSTEE | PAYING AGENT | BACKUP SERVICING | DOCUMENT CUSTODY INDEPENDENT DIRECTOR | OWNER TRUSTEE | TAX & ACCOUNTING SERVICES PROVIDED BY WILMINGTON TRUST, N.A. AND WILMINGTON TRUST SP SERVICES (LONDON) LTD. Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation. Wilmington Trust Company, operating in Delaware only, Wilmington Trust, N.A., M&T Bank and certain other affiliates, provide various fiduciary and non-fiduciary services, including trustee, custodial, agency, investment management and other services. International corporate and institutional services are offered through Wilmington Trust Corporation’s international affiliates.