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PYMNTS Daily Data Dive: Prosper Marketplaceā€™s Precarious Path Forward

PYMNTS

Prosper is one of several online-based marketplace lenders suffering from falling profits as investor interest in buying consumer loans is softening. 40 million | What Prosper paid to acquire medical-lending firm American Healthcare Lending LLC and personal-finance startup Billguard Inc. So just how rough is the sledding?

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Airbnb Offers Multifamily Financing Solution Through RealtyShares

PYMNTS

RealtyShares, a leading online marketplace for commercial real estate investing, announced it is now featured on the Airbnb site as a financing resource in its Multifamily Properties Toolkit. The company has already been working with developers to design apartment properties that lend themselves more easily to sharing.

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Facing Tougher Times, Prosper Marketplace Is Making Deep Staff Cuts

PYMNTS

According to Wall Street Journal reports, the online lender is shedding 28 percent of its staff and rearranging its executive team. The biggest individual cut will be a Utah office dedicated to lending for medical procedures, but 14 percent of Prosper’s San Francisco- and Phoenix-based workforce is also on its way out the door.

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5 New Yearā€™s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Remember all those five-year fixed-rate loans you booked at 4%?

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Education: By Popular Demand

Independent Banker

It teaches bankers how to develop a compliance program, meet lending compliance requirements, and comply with deposit and marketing regulations. It also offers online training available 24/7. Online Education Center. Consumer Lending Institute. Commercial Lending Institute. 23ā€“28 in Phoenix, Ariz.

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Ten Years Of Payments Innovation And Reinvention

PYMNTS

Seedrs was one of the names on the illustrious list of 2009-founded firms that decided to make like the Phoenix, and rise out of the ashes. since 2016, one would have also had to foresee the rise of the gig economy, the proliferation of online marketplaces and the explosion of P2P payments between consumers.

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Renaud Laplancheā€™s Second Act

PYMNTS

Which leads to the interesting case of Renaud Laplanche, the co-founder and former CEO of Lending Club and the co-founder and current CEO of online lender Upgrade. Upgrade, while also an online lender and thus a competitor for LendingClub of sorts, is differently structured. Just ask any entrepreneur.

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