[alert type=yellow ]Every week at Tradestreaming, we’re tracking and analyzing the top trends impacting the finance industry. The following is a list of important things going on we think are worth paying attention to. For more in depth trendfollowing, subscribe to Tradestreaming’s newsletters .[/alert]
1. Technology is filling the void left behind by Wall Street layoffs (Tradestreaming): As Wall Street sheds some jobs, the robots are replacing them. It was just a few months ago that employment on Wall Street hit a post-crisis high. But now, the biggest banks are shedding jobs and in their place…software.
2. Debt market opens to P2P loans (Tradestreaming): There’s the beginning of a serious debt market forming around p2p loans. Early securitizations are taking hold, slowly. It will be a long slog but the marketplace lending industry is maturing as an investable market.
3. DTCC, Digital Asset Holdings build blockchain for repurchase market (American Banker): The Depository Trust & Clearing Corp. and Digital Asset Holdings are targeting the repurchase agreement market as the latest use case for a blockchain solution. DTCC, a post-trade financial services company, plans to test a distributed ledger for managing repo transactions using software developed by Digital Asset.
See also: Bitcoin technology’s next big test: Trillion-dollar repo market (WSJ)
4. Banking regulator moves to create new framework to govern upstarts (CNBC): Now, in the face of rapidly evolving technology within an already heavily regulated business, the Treasury Department said it’s “considering various reforms” to existing policies, which could include establishing “a centralized office on innovation … to vet ideas before a bank or nonbank makes a formal request or launches an innovative product or service.”
5. Canaan Partners’ Dan Ciporin on investing in marketplace lending (Tradestreaming): Famed fintech investor, Dan Ciporin joins us on the Tradestreaming Podcast to talk about his investment thesis in marketplace lending and fintech and why the public markets don’t quite understand Lending Club. Worth a listen.
If you were to put together an all-star team of fintech investors, you’d also want to include Dan Ciporin from Canaan Partners. He was the first institutional investor in Lending Club and has a portfolio that includes CircleUp, Orchard, borro, and direct match. You can see the marketplace finance and marketplace lending theme played out in his investments.
Dan joins us on this week’s episode of the Tradestreaming Podcast. We talk about a variety of different things: first and foremost, we talk about his investments, why he made them, and what he’s looking at investing in in the future. We talk about his background — how being the CEO of Shopping.com and selling it to eBay and his previous experience at MasterCard influenced his perspective on consumer credit and its investability.
It’s a great episode and glad you’ve joined us. Now, here’s our interview with Dan Ciporin of Canaan Partners.
Listen to the FULL episode
In this episode, Dan shares:
why fintech is just at the beginning stages of opportunity
what it will take for finance to catch up with other industries online and digital
what it takes to disrupt the way people and institutions conduct financial services
why he likes marketplace lending and consumer lending, in particular
what he saw in Lending Club when he became the first institutional investor in the marketplace lender in 2007
why public markets don’t fully understand Lending Club or marketplace finance
where he’s looking to invest new money within financial services
how Dan’s experience running the debit group at MasterCard and his CEO experience IPO’ing Shopping.com influences his investment philosophy