INDUSTRY NEWS
Last week brought us reports that funding for fintech companies dropped globally due to lack of super rounds. Prosper and Avant in the US are seeing tough times as bad quarterly results force them to make significant cuts in workforce. On other side of the globe, lenders in China are making more use of consumer information from social media platforms to make better lending decisions as other data sources are lacking. You can also read about how passive investing is gaining more traction as low-cost and stable option compared to active investing. For more details, see the articles listed below. Enjoy reading!
- A report on a study about the vast disconnection between what consumers want and how banking providers see themselves
Banking Execs and Consumers Clash Over Customer Experience (15.08.2016, The Financial Brand) - Prosper and Avant are seeing difficult times in the US after bad quarterly results
A Bad Quarter for Prosper and Avant Lays off 30% of its Workforce (18.08.2016, Lend Academy) - VC-backed funding of the fintech companies has significantly decreased globally according to reports
Global fintech funding has fallen dramatically (20.08.2016, Business Insider) - Financial Times reports that lenders in China are more and more using social media data to make lending decisions as it often has most information available about consumers
China lenders look at social media contacts to assess risk (15.08.2016, Financial Times) - A nice explanation of the differences between two widely used return metrics
Comparing Expected Return and Net Annualized Return (18.08.2016, LendingRobot Blog) - An article about how passive investing has gained strong foothold due to lower managing costs and more stable returns
One chart that is sure to give Wall Street nightmares (19.08.2016 ,Business Insider UK)
BONDORA MENTIONS
Last week Bondora was mentioned in The Times article talking about how the banking industry needs to take some example from the emerging P2P companies that are much more customer oriented. Crowdfund Insider commends Bondora’s push for more clarity and transparency in building investors trust. Estonian readers can read about Bondora being part of an initiative to launch a new positive credit registry in Estonia and our German audience can take a look at various investors lending experiences on Bondora platform.
- Bondora is brought out as a positive example in The Times article explaining that the banking industry is due for some real competition by the innovative P2P companies
Dinosaur banks have some fleet-footed rivals (18.08.2016, The Times) - In Estonian. Finance sector companies in Estonia take initiative by creating a positive credit registry to reduce risks associated with loans
Eestis loodi positiivne krediidiregister (15.08.2016, Delfi Ärileht) - In German. An investor sums up his three years of investing experiences on Bondora
Mein Bondora Übersicht nach 3 Jahren Geldanlage (18.08.2016, P2P-Anlage) - Crowdfund Insider reports about Bondora’s efforts to bring more clarity and transparency to the platform
Bondora Publishes Annual Report for 2015 (21.08.2016, Crowdfund Insider) - Der Finanzfisch gives a monthly overview on how its portfolios performanced on different P2P lending platforms
P2P-Lending-Report August 2016 (15.08.2016, Der Finanzfisch) - Youtube channel ”Aktien mit Kopf” shares his insights and experiences with Bondora platform among others
Das P2P Update! Wie läuft meine 7.500 € Investition? Passives Einkommen erklärt (19.08.2016, Aktien mit Kopf)
