Online lenders, Podcasts

TS Lending Podcast: The race to 1 day mortgage closings, crypto lending needs to grow up, SoFi adds investing

  • On this week's Lending Podcast, Zack and Dan explore crypto lending.
  • Also on the show, SoFi's foray into investing, digital mortgage speed, and Chinese P2P lending.
TS Lending Podcast: The race to 1 day mortgage closings, crypto lending needs to grow up, SoFi adds investing

Welcome to episode 2 of the Tearsheet Lending Podcast with your hosts Zack Miller and Dan Pelberg.

This week on the show, we talk about crypto lending and what the industry needs to do to grow up. Dan wrote a thoughtful article about the crypto lending space this week. As Dan spoke with a lot of the players, it became clear that they primarily target speculators now and that there are a few things that will need to happen for this to become a serious industry.

We talk about SoFi’s expansion into investing. As growth levels off, a lot of lenders that began as monoline are expanding into other products. SoFi plans to introduce stock and ETF investing on its platform. Will people come for loans and stay to invest? Not sure.

Dan and Zack turn to the race for speedy digital mortgage closings. LoanDepot introduced an eight day digital closing product this week. Chase publicly committed to a 21 day closing on its offline mortgage products with a “Closing Guarantee” that will pay customers $1000 if the bank misses the closing window. This guarantee is only available to customers that use other Chase products, so it’s less about tech and more about cross-selling and tiered service delivery.

Lastly, Dan and Zack discuss the Chinese P2P lending market which grew unfettered to over 6000 lending platforms. Fraud and mismanagement were rife and the government is now cracking down, closing down many of the platforms, seizing assets and prosecuting people. What does this say about the future of crowdlending in China and in general?

Modern Marketing, Payments, Podcasts

Zelle’s Melissa Lowry: ‘Beyond awareness, we’re trying to show how we make everyday better’

  • Bank p2p payment app Zelle is trying to show people how it can be used more broadly.
  • VP of marketing and branding, Melissa Lowry shares what's behind the creative campaign.
Zack Miller | March 21, 2019
Online lenders, Podcasts

TS Lending Podcast 3: How SMB lenders scale — JPM Chase gets into POS lending — Amazon thinking about lending?

  • Dan and Zack talk about the techniques top SMB lenders use to grow at scale.
  • Also, decentralized credit scoring? Dan explains what it is and how it's being used.
Tearsheet Editors | March 20, 2019
Artificial Intelligence, Podcasts

The future of AI and ML in banking with Kony’s Bill Bodin

  • Kony has recently rolled out two new products that incorporate AI in different ways.
  • CTO Bill Boden joins us on the podcast to talk shop on AI and ML in banking applications.
Zack Miller | March 20, 2019
Online lenders, Podcasts

Using fintech to improve financial wellness with Salary Finance’s Dhiren Master

  • Employees with financial worries aren't as productive or engaged.
  • Salary Finance works with employers to help their people get out of debt and start saving.
Tearsheet Editors | March 18, 2019
Data, Podcasts

‘We’re experiencing the Industrial Age of Data Aggregation’: MX’s Brandon Dewitt on the future of banking data

  • Data aggregation is the underpinning of digital finance.
  • MX co-founder Brandon Dewitt joins us to talk about the future of finance.
Zack Miller | March 15, 2019
More Articles