Marketplace lending

Pave, a marketplace lender, has partnered with Cross River Bank of Teaneck, N.J., to help it expand its online, short-term loan product nationwide.

RealtyMogul.com, a Los Angeles-based marketplace lending platform, announced a new $35 million round in venture capital funding Tuesday.

CommonBond Chief Executive David Klein discusses the company's strategy to cross-sell financial products to the firm's student loan borrowers, many of whom are young and affluent.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

A new crop of P-to-P loan platforms is focusing on commercial real estate loans that get ignored by banks.

Requiring brokers to come clean with customers about conflicts of interest sounds like an easy way to address biases. But disclosures are only effective if recipients understand how the conflict has influenced the advisor and have a way to correct that influence.

While some predict that fintech startups will soon overthrow banks, a boom in partnerships between the two industries is far more likely. Startups will benefit from access to new markets and infrastructure, while banks will stay on the cutting edge of innovation.

Moody's managing director Will Black questions whether marketplace lenders, which generally don’t retain credit risk, have enough incentive to maintain the quality of the loans they're facilitating. He also praises the P-to-P firms for publishing detailed loan-level data.

The Detroit automaker's lending arm is teaming up with a peer-to-peer car-sharing app — a move that could foreshadow changes in how the industry underwrites auto loans.

At this year's EMERGE Forum in Austin, Texas, the Financial Solutions Lab — a $30 million, five-year initiative managed by the Center for Financial Services innovation with founding partner JPMorgan Chase — revealed the winners of a recent competition for apps that tackle consumers' cash flow challenges. The nine winning organizations, chosen from 298 applicants and 14 finalists, received a combined $3 million, along with mentorship, networking, peer learning and national partnership opportunities. The following is a look at their solutions to the problems of the working poor and others ill-served by traditional financial products.