November 23rd, 2008 — , Japan, P2P Lending international, social lending from Colin @ CommunityLend blog
Interesting interview with Tadatoshi Senoo, CEO of Maneo – a social lending company in Japan. He worked with MUFJ, the largest bank is Japan, and afterwards decided to set off on this venture. The interview focusses on the hardships of setting up such a company.
Social lending takes root in Japan | Japan Today
What does [...]
Continue reading → Interview with Tadatoshi Senoo CEO Maneo | Japan Today
November 10th, 2008 — , Canadian Banks, social lending from Colin @ CommunityLend blog
Niall Ferguson [Laurence A. Tisch Professor of History at Harvard University and a Senior Fellow of the Hoover Institution at Stanford, and the author of The War of the World: Twentieth-Century Conflict and the Descent of the West.] offers analysis and conclusions on the world of financial services, and the historic lead up to the [...]
Related StoresContinue reading → The problem with mathematical finance – it ignores people
October 30th, 2008 — , social lending from Colin @ CommunityLend blog
Here is a link to a recent thought-provoking article from VentureBeat journalist, Chris Morrison, entitled "Will "social capital" be the next big industry to emerge?"
His central example in the piece is the emerging field of "Microcredit" and specifically the work of Nobel Prize winning Mohamed Yunus. I especially like Morrison’s quote on this defining [...]
Continue reading → Will “social capital” be the next big industry to emerge?
October 28th, 2008 — , Boober, Countries, Finansowo, Kiva, Kokos, Lending Club, Loanland, Microplace, Monetto, MyC4, P2P Lending, Prosper, Services, Smava, Zopa, loan volume, market, market share, moneyauction, peer to peer lending, social lending, virgin money from wiseclerk @ P2P-Banking.com
P2P lending is spreading internationally. While the biggest loan volumes are generated in the US market, many p2p lending websites have been established in other international markets.
The services can be divided in three categories:
p2p lending marketplaces (e.g. Prosper, Zopa, Lending Club, Smava) - participants driven mainly by economic motives
social lending services enabling micro financing (e.g. [...]
October 28th, 2008 — , social lending from Colin @ CommunityLend blog
We were fortunate enough to have the opportunity to speak and provide a demo of our lending system a the SIT annual user conference in Markham yesterday. The audience comprised a broad group of banks, credit unions, and technology providers.
Patrick Lannigan who organised the event introduced us following an overview of their strategy.
Then on to [...]
Related StoresOctober 16th, 2008 — , CommunityLend, P2P Lending international, social lending from Colin @ CommunityLend blog
It’s been a strange month for the financial services industry as a whole and the burgeoning industry of Social Lending is no exception.
These last few weeks have seen a number of major announcements in the Social Lending space including the following:
- Zopa US announced that it has restructured its operation in the US in collaboration [...]
October 14th, 2008 — , regulation, securities regulation, social lending from Colin @ CommunityLend blog
Lending Club have come out of their quiet period with an astounding announcement for themselves and social lending.
Lendingclub blog
Today, we’re delighted to announce that we have completed this process and are now available to both borrowers and lenders. We believe that this SEC registration is a major step forward for the Lending Club community [...]
Continue reading → LendingClub announce registered broker dealer partnership
October 14th, 2008 — , Lending Club, News, P2P Lending, liquidity, quiet period, social lending from Mike @ richerbytheday
Early this morning, Lending Club announced that their quiet period has ended. Lenders can once again make P2P loans, though the mechanics of the process have changed slightly. Investors will now purchase notes, with interest rates between 6.69% and 18.63%, that correspond to portions of loans made to borrower members.
The major change is that lenders [...]
October 9th, 2008 — , P2P Lending, peer to peer lending, regulation, social lending from Colin @ CommunityLend blog
It is a little sad that we see Zopa US close shop apparently following the participating Credit Unions inability to adequately fund the loans. We had always known the US Zopa was an entirely different model, with the Credit Unions being the sole lenders, and then the credit crisis came along. Nonetheless we will miss [...]
Related StoresContinue reading → Not so good news, and some great news | Zopa
September 17th, 2008 — , CommunityLend, social lending from Colin @ CommunityLend blog
In reading this piece by Joseph Stiglitz at CNN, he speaks of the causes of the crisis in banking. In particular there is this little gem;
CNN: How to prevent the next Wall Street crisis
The new “innovations” simply hid the extent of systemic leverage and made the risks less transparent; it is these innovations that have [...]
Continue reading → Transparency and authenticity have been lacking in consumer credit
August 28th, 2008 — , CommunityLend, social lending from Colin @ CommunityLend blog
In their latest edition of Retail Banking Insider, Jane Cooper at Lafferty has a piece entitled ‘Credit Crunch a boon to social lending’. We are mentioned and quoted in the along with Zopa and Prosper.
The themes are:
banks have increased their pricing
banks have cut back lending
lenders [investors] are seeking alternative vehicles with better and predictable [...]
Continue reading → “Credit crunch a boon to social lending” | Lafferty Retail Banking Insider
July 25th, 2008 — , P2P Lending international, social lending from Colin @ CommunityLend blog
Nice piece from Cindy on social lending, with background, some history, and current state of a few players around the world, including CommunityLend.
Innovation and Transformation Wings: Social Lending: A New Form of Disruptive Innovation in Financial Services
‘Peer-to-peer lending is a means by which borrowers and lenders may transact business without traditional intermediaries, such [...]
July 18th, 2008 — , new_zealand, social lending from Colin @ CommunityLend blog
Another future social lender in consultation with regulators, this one in New Zealand. Nice to see they are taking the prudent route and getting regulation on their side first.
Divide and conquer
Most of our hold ups are to do with regulation and approval, but there have been some interesting side adventures along the way.…
About us:We’re [...]
Continue reading → Nexx | New Zealand social lending service
July 5th, 2008 — , CommunityLend, social lending from Colin @ CommunityLend blog
Fascinating study by Putnam based on research that predates internet, and the mere fact it talks of things such as the Elks club, Parent Teacher Associations, and organisations that are either quaint, or unknown to many nowadays, paints a picture of North American society that has changed dramatically in terms of how people interact. [...]
Related StoresJune 12th, 2008 — , social lending, subprime from Colin @ CommunityLend blog
The Bank of Canada has just released its twice yearly assessment entitled the Financial System Review. The Globe and Mail reports on it here.
reportonbusiness.com: Consumers, banks to feel pinch [emphasis ours]
Canadian banks have generally remained solid throughout the past 10 months of turmoil, and are able to tap markets to finance their shortfalls. Plus, [...]
June 4th, 2008 — , securities regulation, social lending from Colin @ CommunityLend blog
We were honoured to have the opportunity to answer some highly pertinent questions about social lending in Canada. We hope our answers are of some interest to those following the space in Canada, the role of regulation, and the evolution of this new and exciting business model.
Thicken My Wallet
This month I am pleased to [...]
Continue reading → Inside the World of Peer to Peer (p2p) Lending | thickenmywallet.com
March 26th, 2008 — , Credit and Debt, Investing, Lending Club, P2P Lending, anti-debt, micro loans, social lending, socially responsible investing, wage slaves from Mike @ richerbytheday
There’s no doubt that social lending is gaining in popularity and growing in numbers every day. More and more you hear of P2P lending being described as an investment because of the sizable returns that are often possible. Opinions vary about whether or not it is a good investment, but I’d like to [...]
Related StoresContinue reading → Is Social Lending a Socially Responsible Investment?
