Neo: I don’t like the idea that I’m not in control of my life. Morpheus: I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it.
Springstone Financial, not to be confused with Springleaf Financial, is a consumer lender based in Massachusetts, just outside of Boston. They have two divisions: a patient financing business that provides loans for people seeking elective medical and dental procedures as well as a tuition financing business for K-12 private school education.
What hit us is that brand, trust and ultimately credibility matter – a lot. People want to save money, but no one wants to be harassed by a loan shark at dinner just to get a better rate. Our business is about more than just a great rate, and we’re making sure our members know […]
The appeal of higher returns through peer-to-peer lending than traditional fixed income has been heightened by a long horizon of low interest rates and an aging equity bull market.
But how do institutions adapt their strategies in a market where the barriers to entry are falling? In his article, De Munck explains how important it is for banks to take this course taking into account the rapid ascent of peer-to-peer and online direct lending models.
The Great Recession, increased regulation, regulatory backlash, and the decrease in consumer confidence in the banks have led to major disruptive developments in the way people and small businesses access credit, an important element to the growth of the U.S. economy.
A recent flurry of headline announcements by fledgling lend-to-save firms have revealed a bumper few months for the sector as confidence in the industry grows.
Those who closely follow the astounding progress of Direct Lending in the United States sometimes forget that Zopa launched in the U.K. in 2005, 1 year before Prosper and 2 years prior to LendingClub. Indeed, the alternative lending business is thriving on the other side of the Atlantic, with strong growth, innovative product offerings, rapidly-developing […]