Lendit Rewind

Credit Junction Company Demo

CircleBack Lending Company Demo

The Interface Financial Group Company Demo

Global Approaches to Microlending panel at LendIt USA 2015 with Yang Peng, of Xintong; Liezl Van Riper, of Kiva; Stephen Vogel, of Vogel Partners; and moderator Jacob Haar, of Community Investment Management. The panelists discussed current global approaches to microlending. Major topics from this panel include the global challenges of the microfinance industry and how they use innovative ways to approach these problems and challenges.

Building Credit Profiles Through Social Data Scoring panel with Jeff Stewart, of Lenddo; Richard Lewis, of Vouch; Daniel Wu, of Tencent Tenpay; and moderator Eric Lu, of Pennsylvania State University. Social data, which usually includes social circle and social activities could be an effective way to help P2P companies build a full credit profile of borrowers. Nevertheless, there are still some risks associated with using social data.

Building a Chinese Credit Bureau panel at LendIt USA 2015 with Danfang An from GTRiches, Sandy Wang from FICO and Yao Liu from NiWoDai. Currently, more than 1700 platforms are operating in China’s P2P market without a standardized and systematic credit scoring to refer to. These panelists explain how their company operates in this environment and how they see themselves in the future market.

Innovation in Auto Finance in China & the US panel at LendIt USA 2015 with Arturo Aguliar, of Auto One Acceptance; Jeff Danford, of BlueYield; David Wu, of Touna; and moderator Garry Reeder, of Fenway Summer. The panelists discuss innovation in Auto Finance in both China and the U.S. During the panel, it is apparent that auto finance is ripe with opportunity to reduce costs and improve customer experience. These three panelists also discuss the relationships among dealers, consumers, banks and P2P companies.

A Mobile Approach to Online Lending panel at LendIt USA 2015 with Itzik Cohen, of Prosper Marketplace; Sun Lei, of 9F Bank; Greg Symons, of SocietyOne; and moderator Melissa Guzy, of Arbor Ventures. The panelists talk about the phenomenon that online lending is becoming a disruptive innovation and one that deserves serious consideration from varied stakeholders. Moreover, the rapidity and convenience of online lending means that price is no longer the decisive factor in choosing a lender. The ability to get a quick decision and apply for a loan at any time or anyplace trumps price. Moreover, a mobile approach usually is viewed as a marketing campaign tool for Chinese P2P companies. Furthermore, they are discussing about the threat of this new approach to the whole industry.

Overview of Chinese Internet Finance Market presentation at LendIt USA 2015 by Paul Shi, CEO of Wangdaizhijia. Shi shares his thoughts on the full picture of the Chinese Internet Finance Market. P2P and online lending in China is booming. There are more than 1,700 P2P online lending platforms and 1 million lenders. Paul also talks about the reasons this market is booming, what kind of role P2P serves in China, and the future of the Chinese Internet Finance Market as he sees it.

Accelerated Growth by Partnering with Originators presentation at LendIt USA 2015 in the China Pavilion by Barry Freeman, of JimuBox. Freeman gives an update on Chinese P2P lending market and how JimuBox is blooming in China. JimuBox is a leading Chinese marketplace lending platform that provides SME loans and individual consumption loans to under banked Chinese borrowers. It delivers safe and attractive investment opportunities to RMB investors through an innovative online marketplace, which leverages transparency and technology to ensure investor safety. This data transparency is positioned as its core competitive advantage.

Enabling Education through Innovative Student Lending panel at LendIt USA 2015 with Amy Huang, of Wheat Finance; David Klein, of CommonBond; and moderator Candace Klein, of Dealstruck. Topics covered include market size, business model (institutional investors vs. individual), how to determine qualifications of borrowers, the ways to acquire customers, and potential cooperation between China and U.S. to provide services to international students who study overseas.

Emerging Markets Venture Capital in P2P panel in the China Pavilion at LendIt USA 2015 with Alexander Prokhorov, of FinSight Ventures; Tharon Smith, of The Strontium Group; David Weiden, of Khosla Ventures; and moderator Mark Hookey, of DemystData. This panel discusses emerging markets venture capital in FinTech, covering the areas of size, and challenges faced by different parties in this industry. Currently, China has the largest volume of venture capital in FinTech. The panel sheds light on an increase of foreign companies investing.

Risk Management of Online Lending in the U.S. & China panel in the China Track at LendIt USA 2015 with Chaomei Chen, Chief Risk Officer of Lending Club; Dr. Zane Wang, Founder & CEO of China Rapid Finance; Zhen Yao, Director of Scores and Analytics at FICO China; and moderator David Ho, Lead Analyst, Consumer Finance/Specialty Finance at Deutsche Bank.

State of the Union Address for the Chinese Internet Finance Market in the China Track at LendIt USA 2015 with Ning Tang, Founder & CEO of CreditEase. CreditEase is a national leader in wealth management, credit management, micro-finance investment, and micro-credit loan origination and servicing. In 2006, CreditEase launched the first P2P micro-credit platform in China, bridging urban lenders with extra funds and people with micro-credit needs, such as urban micro-entrepreneurs, salary workers, vocation school students and the rural poor. Ning sees the challenges of the Chinese internet finance market come from software, especially the lack of credit scoring reports.

Real Estate Data & Technology panel with Michael Mandel, Co-Founder & CEO of Compstak; Marc Siden, Co-Founder & CEO of OnBoard Informatics; Perry Rahbar, Co-Founder & CEO of DV01; Jim Costello, Senior Vice President of Real Capital Analytics; Rob Refkin, Founder & CEO of Compass; and moderator Ben Thypin, Managing Partner of Progress Group.

Real Estate Crowdfunding Property Types panel with Carolann Dekker, CMO of LendZoan; Allen Shayanfekr, CEO & Founder of Sharestates; Eric Siragusa, Partner at MHP Funds; Bill Sipple, Executive Managing Director of HVS Capital; and moderator Brian Dally, CEO & Co-Founder of Groundfloor. The panel all brought experiences from different property types. Both Groundfloor and LendXoan are in residential markets whereas HVS funds hotels and MHP is a lender for mobile homes. The main discussion point was social capital and the role it plays in each type.

Commercial Real Estate panel with Bill Fisher, Founder & CEO of Plum Lending; Adam Hooper, CEO of RealCrowd; William Skelley, Founder, Chairman & CEO of iFunding; Dan Vetter; President & Co-Founder of Money360; Rodrigo Nino; CEO & Founder of Prodigy Network; and moderator Joanna Schwartz, CEO & Co-Founder of Early Shares.

Presentation: Trajectory of Real Estate by Rick Sharga, Executive Vice President of Auction.com. This presentation was given by Rick Sharga from Auction.com. Over 90% of real estate transactions that took place in 2013-2014 started with an online search, and this is just the beginning of the online trend. The transition is from information-oriented sites to transaction-oriented sites. Historically, the realtor has had control of the transaction; more and more now the consumer has the control. Transactions are what Auction.com focuses on, and they have sold $30 Billion of assets since 2007. Auction.com has a date-specific, time-certain close, with the average deal closing within 30 days. Furthermore, most people who buy on Auction.com are able to get financing within 30 days. The financing component will get more and more important and Auction.com will launch a financing portal in less than a month.

NextGen Energy Finance panel with Dan Pillemer, President of CardWorks; Billy Parish, CEO of Mosaic; Scott Harmon, CEO of Noesis; Connie Chern, Director of Financial Platform Opertions of SolarCity; and Graham Smith, Founder of Open Energy Group.

Presentation: Building Scale for Real Estate by Christian Faes, CEO & Co-Founder of LendInvest. This presentation was given by Christian Faes, Co-Founder and CEO of LendInvest. They are a short-term real estate debt lending business in the U.K. The U.K. mortgage market is $325 Billion, compared to $1.2 Trillion for the U.S. In the U.K., mortgage lending in 2014 was less than half the volume compared to 2007, the average mortgage takes three months from application to draw down, and the entire mortgage process is offline. In terms of current headwinds to building scale, there were several topics mentioned. First, it is harder to automate mortgage lending decisions. Second, the mortgage completion process is more involved. Third, the mortgage market is very intermediated, and finally, mortgage fraud is still a big issue. Successful scaling will require attacking these challenges head on, and LendInvest sees opportunities given these challenges.