Podcasts about lend academy

In this episode of the Operate Podcast, we take a behind-the-scenes look at the birth of fintech P2P and marketplace lending with Peter Renton, one of its pioneers. Peter shared his extensive background, starting from his early days as a self-directed investor to founding key fintech companies like Lend Academy and LendIt, which later became Fintech Nexus. We discussed his journey into peer-to-peer lending and its evolution as institutional investors entered the space. The conversation spans the rise of fintech innovation, the challenges of scaling peer-to-peer platforms, and the role of community banks in the future of financial services. Peter recounted the bubble in the fintech lending space around 2015 and how the industry adapted following the Lending Club debacle in 2016. He also shared his advice for fintech founders, emphasizing the importance of diversification in funding sources and customer acquisition strategies.  We delved into notable companies like Upstart and their pivots in the fintech landscape. Additionally, Peter reflected on the transition from LendIt to FinTech Nexus to encompass a broader range of fintech innovations for their content and events. We touched on the increasing interest of banks in fintech events from 2016 onwards and the changing landscape post-pandemic. Peter discussed emerging trends in fintech, such as embedded lending, mobile wallets, and new payment rails. He highlighted the necessity for community banks to adopt technology and attract younger customers. Lastly, Peter introduced his new consulting venture, Renton & Co, aimed at guiding fintech companies through content strategy, marketing, and market analysis. Enjoy this comprehensive look at the past, present, and future of fintech.   CHAPTER MARKERS: 00:00 Preview  00:34 Intro 00:47 Sponsor 01:19 Meet Peter Renton: A Fintech Pioneer 02:50 Peter's Early Fascination with Finance 04:04 Discovering Peer-to-Peer Lending 05:36 Building Lend Academy and LendIt 09:21 The Evolution of Marketplace Lending 18:39 Reflections on the Fintech Lending Boom 27:19 Kudos to Dave Girard (UpStart) and Team 28:04 The Shift to FinTech Nexus 29:04 Expanding Beyond Lending 32:16 Challenges and Stress of the Events Business 32:48 The Impact of the Pandemic 33:54 Future of FinTech and Embedded Lending 37:47 The Role of Community Banks 42:38 Advice for Community Bank CEOs 49:18 Peter's New Venture: Renton & Co

The home mortgage space has been undergoing a transformation over the past couple of years. We have seen fintech lenders grabbing market share as they were best suited to grow during the pandemic when everything went virtual. There has been so much innovation that financing a home is no longer the long and painful process […] The post Podcast 312: Dan Snyder of Lower appeared first on Lend Academy.

With real estate prices at record highs all across the country, owning a home is becoming more out of reach for first-time homebuyers. For millennials and Gen-Z, saving enough money for a downpayment has become a huge challenge, much harder than it was for their parents or grandparents. A huge problem like this calls for […] The post Podcast 311: Adena Hefets of Divvy Homes appeared first on Lend Academy.

The expense management space is heating up. While it has not garnered the same headlines as other fintech categories, there has been a lot more attention focused on it in the last couple of years. Earlier this year we saw Bill.com acquire Divvy for several billion dollars and companies like Brex are unicorns many times […] The post Podcast 310: Thejo Kote of Airbase appeared first on Lend Academy.

In this episode of Fundamental Fairness, we will uncover the top 3 Fintech industry trends that are expected to lead the conversation well into 2021 and beyond with Peter Renton, co-founder and Chairman of Lendit Fintech, Founder of Lend Academy. Peter Renton is the co-founder of LendIt Fintech, the leading news and educational resource for the Fintech industry. He has been writing about this industry since 2010 and he is the author and creator of the Lend Academy Podcast, the first and most popular podcast on lending and fintech innovation. He is considered one of the world's leading experts on marketplace lending and speaks regularly on the topic around the world.

The home insurance industry has been dominated by legacy insurance carriers for decades. These companies are still doing business the same way as last century with primarily a transactional relationship with their customers. But there is a new breed of insurtech companies that are challenging the status quo and doing so in remarkable new ways. […] The post Podcast 309: Assaf Wand of Hippo appeared first on Lend Academy.

[Editor's Note: There will be no new Fintech One•On•One episode next week as I will be on vacation.] In many ways the racial wealth gap has it roots in the financial system. It was one the driving forces behind the Community Reinvestment Act of the 1970s but clearly that did not solve the problem. We […] The post Podcast 308: B.C. Silver of The Change Company appeared first on Lend Academy.

While America remains the richest economy in the world it is also the one where it is the most expensive to be poor. I have written about overdraft fees before (here and here) and that is one of the real problems with the banking system that is holding people back that live paycheck to paycheck. […] The post Podcast 307: Aaron Klein of the Brookings Institution appeared first on Lend Academy.

The freelance market in the U.S. is huge and it continues to grow. During the pandemic as millions of people were displaced from their regular job, many decided to supplement or replace their income with freelance work. These people have unique needs when it comes to banking, they are not quite a consumer and not […] The post Podcast 306: Lilac Bar David of Lili appeared first on Lend Academy.

I have been following Citizens Bank for many years as they built this robust online lending operation across multiple verticals. They have also launched an in-house digital bank called Citizens Access and they have a groundbreaking partnership with Apple which has, in many ways, changed the iPhone buying experience. They are a top 25 bank […] The post Podcast 305: Brendan Coughlin of Citizens Bank appeared first on Lend Academy.

One of the main use cases for decentralized finance (DeFi) has been lending. This typically involves crypto investors using their holdings as collateral to take out a loan to (often) invest in more crypto. This is all done programmatically via smart contracts but it has all seemed far removed from traditional finance. But in April, […] The post Podcast 304: Kirill Bensonoff of New Silver appeared first on Lend Academy.

Marketplaces are dominating so many areas of business these days. There are Airbnb, Uber, eBay, Etsy and of course the biggest marketplace of them all: Amazon. There are also lending marketplaces, some of which have existed for a long time, and are doing large loan volumes. But there is a new type of marketplace coming […] The post Podcast 303: Steve Muszynski of Splash Financial appeared first on Lend Academy.

There are more than 5,000 credit unions in the United States according to the NCUA. Most of them are small with very limited budgets and capacity when it comes to technology. But the expectations of their members are changing and most want a smooth tech-enabled experience from their financial services provider no matter their size. […] The post Podcast 302: Kirk Drake of Credit Union 2.0 appeared first on Lend Academy.

There is a huge multi-trillion dollar asset class that few investors have any exposure to but we literally rely on it to sustain life: farmland. The primary reason that it has attracted few investors is that there has been no easy way to access this asset class. That is now changing. Our next guest on […] The post Podcast 301: Artem Milinchuk of FarmTogether appeared first on Lend Academy.

The housing market continues to be hot. There is huge demand for homes of all kinds as many people have decided to move, often as a result of the pandemic. This is good news for real estate lenders, including those offering bridge loans to property investors, as they are seeing record loan demand right now. […] The post Podcast 300: Michael Bourque of LendingHome appeared first on Lend Academy.

At the start of the pandemic many lenders were inundated with loan modification requests. I heard of some lenders receiving tens of thousands of phone calls a day and being completely overwhelmed by this volume. What was really needed back then was an automated loss mitigation system. Our next guest on the Fintech One•On•One podcast […] The post Podcast 299: Catherine York Powers of Constant AI appeared first on Lend Academy.

For every financial services firm, an effective marketing program is essential for success. So, we are doing something a little bit different with this episode of the podcast, we are bringing on a marketing expert to talk about the state of digital marketing today, what changes are happening and where the industry is going. Our […] The post Podcast 298: Genevieve Juillard of Experian Marketing Services appeared first on Lend Academy.

One of the big challenges for banks of all sizes is combining the high tech and the high touch experience. As we have all gone digital it is the tech-focused banks that have performed the best. Consumer and small business expectations have changed when it comes to banking and those that adapt best will be […] The post Podcast 297: Sam Sidhu of Customers Bank appeared first on Lend Academy.

I have noticed more talk about AI-based credit underwriting over the last few months than ever before. There are very few lenders today that have dismissed AI as not relevant to their underwriting efforts at all. Most lenders are either thinking about it, doing a pilot or are using it actively in underwriting borrowers today. […] The post Podcast 296: Pankaj Kulshreshtha of Scienaptic appeared first on Lend Academy.

A few days before every LendIt Fintech USA event we sit down to record a preview show, a deep dive into what to expect at the big event. This time I sit down with my colleagues, Bo Brustkern, CEO of LendIt Fintech, Joy Schwartz, President and Todd Anderson, Chief Product Officer. We talk about the […] The post Podcast 295: LendIt Fintech USA Preview Show appeared first on Lend Academy.

Every lender runs some kind of loan management system software. It is an absolutely critical part of every lenders business but it is also, particularly for traditional lenders, rampant with legacy tech. This became a real issue when the pandemic hit when everyone suddenly found themselves working from home. Our next guest on the Fintech […] The post Podcast 294: Rhett Roberts of LoanPro appeared first on Lend Academy.

The employer-employee relationship is undergoing a shift. We are moving away from the days where an employer provided a paycheck and just a handful of benefits like health insurance and retirement plans. Employers are starting to think more holistically about their employees’ financial health. There is a realization that employees who are not financially stressed […] The post Podcast 293: Atif Siddiqi of Branch appeared first on Lend Academy.

The underserved are having a moment. And it is about time. There are more fintech companies targeting the non-prime community than ever before with better and less expensive products. The revolution in technology and data access is enabling fintech companies to go deeper into the underserved population than ever before. Our next guest on the […] The post Podcast 292: Ken Rees of Covered Care appeared first on Lend Academy.

In the premier episode of PitchIt: the fintech startups podcast we talk with HMBradley Co-Founder and CEO Zach Bruhnke. Neobanks have been sprouting up all over the U.S. in recent years and these days it feels as if someone is starting a bank each week. HMBradley’s approach is focused on savers, those who want to […] The post PitchIt Podcast Episode 1: Zach Bruhnke of HMBradley appeared first on Lend Academy.

You have probably heard the terms DeFi, which is an abbreviation for Decentralized Finance and NFTs, meaning Non-Fungible Tokens. They have been covered in the news a great deal in the past month or more. So, I wanted to do an episode where we do a deep dive into these topics to find out not […] The post Podcast 291: Lex Sokolin of ConsenSys appeared first on Lend Academy.

What does it take to start a business around the peer-to-peer lending industry? Peter Renton created Lend Academy, a leading peer-to-peer blog. His site attracts about 20,000 visitors a month. Peter is also the co-creator of LendIt, a conference for peer-to-peer investors. In the following interview, you can learn how Peter is building Lend [...] The post How to Build a Business Around the Peer to Peer Lending Industry appeared first on Small Business Advice Help For Startups and Entrepreneurs.

The way the basic checking account is constructed has not changed in decades. Your money is kept on a bank’s balance sheet and the bank lends this money out and they make money on the spread. Obviously, I am simplifying here because banks use leverage on these deposits to lend out multiples of this money. […] The post Podcast 290: Stephane Lintner of Jiko appeared first on Lend Academy.

The biggest decision in anyone’s life is the decision to start a family. For the growing segment of the population that can’t do so naturally there is, of course, fertility treatments. Now, this is an exciting, scary and often heart wrenching time. And for many people the financial burden for these treatments is too much […] The post Podcast 289: Claire Tomkins of Future Family appeared first on Lend Academy.

Just a heads up that we have rebranded the podcast. From now on we are calling the show Fintech One•On•One, it better reflects what we are trying to do here. That is, one-on-one conversations with fintech leaders. While lending is still important to us, we cover most verticals within fintech and so we now have […] The post Podcast 288: Leigh Phillips of SaverLife appeared first on Lend Academy.

The Buy Now Pay Later (BNPL) space is probably the hottest vertical in all of fintech. Consumers like the flexibility of paying for their purchases over time and it was why some of the leading companies in the space attract such incredibly high valuations. Now, most of the BNPL players are focused on extending new […] The post Podcast 287: Brad Paterson of Splitit appeared first on Lend Academy.

Many fast growing companies today look to equity to fund that growth, whether it is angel money, VCs or the public markets. But equity should not be the default capital choice, it is expensive and often not necessary. Many times debt capital can provide a more optimal solution, one that helps the company maintain fast […] The post Podcast 286: Billy Libby of Upper90 appeared first on Lend Academy.

Most countries in the world today have some kind of centralized repository for credit data. But this data exists in silos, cut off from the rest of the world. For immigrants moving to a different country this has been a real problem. A doctor with a 20-year credit history earning $250,000 a year in, say, […] The post Podcast 285: Nicky Goulimis of Nova Credit appeared first on Lend Academy.

Today, we are talking about earned wage access again. I am a big fan of this product and it is getting serious traction today. As I recently shared regulators are also paying attention and that is a good thing as the industry. As you will learn in this episode millions of people are now relying […] The post Podcast 284: Ram Palaniappan of Earnin appeared first on Lend Academy.

PACE (Property Assessed Clean Energy) loans have been around for more than a decade but occupy a relatively narrow niche in the lending ecosystem. The legislation varies by state but PACE loans can be used to finance energy efficiency projects such as solar panels, new boilers, insulation and more. The borrower does not repay the […] The post Podcast 283: Mary Kathryn Lynch of Renew Financial appeared first on Lend Academy.

Impact investing is having a moment. While it has been around in some form for several decades, today, many large and small investors are demanding that their money do more. They don’t just want to make an impact investment, they want to see exactly how they made an impact, in a measurable way. Our next […] The post Podcast 282: Catherine Berman of CNote appeared first on Lend Academy.

Those businesses that make physical products always have the same challenge. They typically have to pay for their inventory before they receive revenue from selling it. This is a balancing act that requires a financial partner and businesses have used a variety of different financing sources, both traditional and fintech. But there has never been […] The post Podcast 281: Sean De Clercq of Kickfurther appeared first on Lend Academy.

In 2020 for banks and credit union all roads led to digital. The pandemic caused something of a stress test on digital offerings for financial institutions of all sizes. Pretty much everyone saw digital adoption far exceed expectations in several categories. Today, we are going to look at what it meant for one of the […] The post Podcast 280: Thea Mason of PenFed Credit Union appeared first on Lend Academy.

Most U.S. debt investors pay only scant attention to emerging markets. While some are moving into Latin America most are happy to stay in the comfortable confines of the USA and Europe. But some of the best opportunities are in emerging markets today, those markets that do not yet have much of an institutional investor […] The post Podcast 279: Jerry Wang of Haitou Global appeared first on Lend Academy.

The rallying cry of the online lending industry has been to eliminate high cost credit card debt. And while tens of billions of dollars of revolving credit has been refinanced with lower cost personal loans we are starting to see some companies branch out into credit cards. Avant is one such company. Our next guest […] The post Podcast 278: James Paris of Avant appeared first on Lend Academy.

For young adults just starting out in life or immigrants arriving to this country, there is no clear path to establishing a credit history. I know for myself, arriving in this country 29 years ago, I was rejected for a $500 credit limit card time and time again. For many people it is a catch-22, […] The post Podcast 277: Joe Bayen of Grow Credit appeared first on Lend Academy.

Mike Cagney has built a reputation as one of the smartest people in all of fintech. His capacity to raise capital is unparalleled in our space but he is also a visionary who is tackling some of the biggest fintech challenges. Back for the third time on the Lend Academy Podcast, and his first time […] The post Podcast 276: Mike Cagney of Figure appeared first on Lend Academy.

The way we move money around the world has, for the most part, not changed much in many decades. But real change is on the horizon and it is actually already happening. Many companies are reimagining this challenge in new ways and by the end of the decade moving money internationally will likely be as […] The post Podcast 275: Asheesh Birla of Ripple appeared first on Lend Academy.

The small dollar lending space is starting to see some real innovation. After banks have basically ignored this population for years, with the gentle push from regulators, some are now entering the space for the first time. One of the companies that is helping to enable this shift is OppLoans. Our next guest on the […] The post Podcast 274: Jared Kaplan of OppLoans appeared first on Lend Academy.

Latin America remains one of the hottest region of the world when it comes to fintech. It is a large market that is still relatively undeveloped and so offers more opportunities than most places on earth. It is also the home of the largest fintech company in the world (outside of China), as far as […] The post Podcast 273: Manuel Silva of Mouro Capital appeared first on Lend Academy.

The regulatory system under which the financial system operates is exceedingly complex. This is understandable given mow important finance is to people’s lives. But the way we have implemented regulations has only changed incrementally over the last few decades while technology has completely transformed the financial system. Addressing this challenge head on if the focus […] The post Podcast 272: Jo Ann Barefoot and David Ehrich of AIR appeared first on Lend Academy.

There has been a great deal of innovation in digital banking for consumers with dozens of fintech companies providing digital bank (or bank-like) accounts that are so much better than what was available five or ten years ago. But the same cannot be said for small business bank accounts where there are very few offerings. […] The post Podcast 271: Immad Akhund of Mercury appeared first on Lend Academy.

Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

I am delighted to be joined by Peter Renton to discuss some key highlights from the Lendit Europe 2015 conference, especially for those of you who weren't there and even for those of you who were as in the afternoon it split into two streams. Peter was back on the show in LFP015 way back in last December wearing his Lend Academy hat relating to us the amazing story of the development of P2P in the US – something he saw from it's very origins when it was scarcely noticed. Today he is joining me wearing his Lendit Conference hat. Lendit now runs by far the world's largest P2P conferences – some 2,500 in Lendit US 2015, 500 in Lendit China 2015 and yesterday around 750 in Lendit Europe. In this episode we have an off-the-cuff conversation about what leaps out to us as the really interesting things happening in P2P in Europe right now.  It's a great way to get up the curve fast and we discuss a wide range of topics: - the story of the Lendit conference - from original idea through to global domination in just two years and the important entrepreneurial lessons and steps along the way - Lendit also have an excellent policy of allowing online viewing at the time for free and make available videos of the presentations (also for free) - highly praiseworthy! :-) - Funding Circle's landmark purchase of Zencap making them now the undisputed global leader operating in five countries worldwide - Oligopolisation - Rupert Taylor's presentation The Impact of Institutional Investors - What Does the Data Tell Us? showing, inter alia, that the top-three are pulling away in terms of increasing their market share as well as the returns at a detailed level within the industry - Who would have spotted TrustBuddy in advance? Varying standards of due diligence by institutional investors in P2P and historical precedents - Regulation in #oldFS and #newFS and associated doubletalk. The question isn't "do we need regulation?" but "what kind of regulation do we need?" - Institutional capital as being reintermediation and the new funds to be launched by P2Ps (eg zero-fee (?) ~ETF by Funding Circle and LendInvest's rumoured fund) as anti-reintermediation - diversity of funding in P2P - will institutions eventually crowd out the retail investor? - can institutions outperform given the improvement in pricing algorithms by the P2Ps? (&Rupert Taylor's presentation above contains data in re) - Cormac Leech's presentation "3hours compressed into 20minutes" - a whole host of must-know points as well as speculation (Europe to overtake the UK?) and advice for the Bank of England :-) - We discuss the Risk in Alternative Finance panel session that I chaired - whilst good on qualitative risk P2Ps still find it very hard to come up with a clear and simple quantification of what the risk to investors is. Is this related to the fact that growth in retail funds (as per Cormac's presentation) is coming in terms of more from the same people rather than a great expansion of the retail investor base - We discuss simple ways of communicating risk and I learn that Lending Club have already implemented one of my key proposals [a button whcih shows the risk of a new investment in t...

This is a mega-episode Xmas present special for London Fintech Podcast listeners   The world of Fintech has changed forever with this month’s successful twin IPOs on the NYSE of Lending Club and On Deck – both with valuations in ten figures.  It’s certainly an epochal shift for Alternative Finance Lending & Borrowing (P2P) around the world. UK Fintech does not exist in a vacuum and it’s important to understand how other markets are evolving.  Naturally in a world of globalisation the US market and New York in particular are perhaps the most important “must knows” for anyone on the UK Fintech scene. Above and beyond that the story of the US P2P is a cracker – the more I drilled into it the more that “fact” turned out to be once again better than “fiction” – and in this case more entertaining in terms of the twists and turns on the road. I am delighted to be joined today by a man supremely able to tell that story from many angles.  As a commentator on the scene Peter Renton has been blogging for several years about the US P2P scene – long before it was hot and fashionable.  As an investor he has been an active participant and experienced its evolution first hand. From his initial personal interest has grown a range of businesses – Peter is the founder of Lend Academy, co-founder of Lend Academy Investments, and co-founder of LendIt Conference which albeit mostly active in the US, had a very successful recent conference in the UK (you can see some great videos of the UK P2P presentations here) and one this year in Shanghai.  He has written a short, free e-book on the US P2P market which is freely available for download here.  He – clearly a busy guy – also finds the time to fit in a great podcast on the US P2P scene (search for “Lend Academy” on iTunes/Android App). We have a wide-ranging conversation about the history of US P2P, the present and possible futures. We also discuss similarities and differences with the UK P2P market, what the UK market should be grateful for – and we don’t actually discuss where it’s falling behind – but how many UK multi-billion IPOs were there in December? Threading through this is one of the best stories out there about US P2P.  Superficial surfers might be tempted to think its just “the same old” US tech success story. Partially maybe.  However “Fintech is not Tech” is one of my mottos and the US P2P has trodden one of the more challenging and thorny paths to the floor of the NYSE (where Peter was as a special guest of Lending Club). As we know P2P was invented in the UK by Zopa in 2005. Prosper was the first major US player closely followed by Lending Club.  Interestingly (and rather lost to the mists of time perhaps) their origins were very social in nature – so for example on Prosper you could post a photo of yourself, have online usernames and all that jazz. Lending Club launched as a Facebook App.  Now the majority of US P2P funding is institutional in origin – quite a journey. The crash hit the US P2P scene very hard (in part due to exposures to lower rated borrowers).  There was a class action suit against Prosper.  These difficult times continued when the SEC nearly crippled the industry by insisting that every loan that passes through the platforms be registered as a security :-O [so when you hear that the UK bunch have it easy (far from hindering the government invests tax payers money in some of them…) remember that!]. This lead to a quiescent phase in 08/09 and there were fears for the future. Foundation Capital for example didn’t invest in the first round of Lending Club (they did in the second) due to fears that the industry might not survive. Fast forward and we have IPOs and in Lending Club’s case an ex-Morgan Stanley CEO and an ex-Treasury secretary onboard.  They really have become the newest entrant to the establishment. Peter and I discuss whether this is the “End of the Beginning” or “The Beginning of the End”. Either way it’s certainly an epochal shift. Anyway I won’t spoil the Xmas fun with some tedious bullet point list of the angles we discuss – it’s a rich Xmas pudding of a diet and plenty of fruit for everyone. Xmas is a time for social conscience and thinking of folks less well off than oneself. Personally I have huge reservations about the sole guiding principle of modern corporatism – “limitless greed” – aka no level of profits is ever enough (I was at one bank doing a gig – it made $15bn profits which it decided “wasn’t enough” so sacked thousands of staff :-().  If you think that is “victimless” look at this staggering Oxfam chart tweet today on the incredible correlation between a society’s wealth inequality and its social/health problems. As I touch on in the episode when I first learned investment some 30yrs ago the market used to recognise both growth stocks and value stocks.  Now everything is supposed to be a growth stock (and partly as a result of that unemployment is mega (albeit NB P2P research has shown that P2P/SME lending/funding creates employment)). Anyway all that is as it is and rather an aside … however I say it to make the point that I am no uncritical repeater of the de facto US tech mantra that (in effect) the focal point of economies should be billion dollar IPOs and yet more wealth asymmetry. Notwithstanding those personal views it seems axiomatic to me that if “Fintech” is ever to be a real threat to the #OldFS establishment then it needs size and it needs scale.  You can’t take on the battleships of #OldFS with a sleek canoe and some fit paddlers The US P2Ps have not had it easy in any way – they had a tough underwriting start; they had law suits; the “system” threw huge burdens in their way. Somehow they came through all of this and overtook the country that invented it all. I wonder why?  What do you think are the reasons? What do you think the UK P2P scene can and should take away from this fascinating story? A Merry Xmas and a Happy New Year to all readers and especially listeners to the London Fintech Podcast I will see you in 2015 when we will all find out what will happen to the hot and frothy cappuccino that has been UK Fintech 2014 style when the bubbles fade. Will we be left with a small weak latte? Will it be a large strong one? We shall see but I aim to keep serving up macchiatos on the LFP show Go well.

Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes