5 trends we’re watching this week
[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]
- LendingClub models misfire as loan write-offs top forecasts (Bloomberg): A chart on one of the slides shows that write-off rates for a portion of five-year LendingClub loans were roughly 7 percent to 8 percent, compared with a forecast range of around 4 percent to 6 percent
- Zenefits CEO ousted, compliance saga takes a turn: what's next for the company? (Insurance Thought Leadership): The CEO is out at Zenefits (one of the hottest fintech/insurtech/any tech startups) after it was found that 83% of the insurance policies the company sold were done by unlicensed employees. Oops.
- BBVA shuts in-house venture arm, pours $250m into new fintech VC Propel Venture Partners (TechCrunch): The bank is shutting down its in-house venture arm, BBVA Ventures; and it is taking BBVA Ventures’ portfolio, the $100 million fund it had allocated to the group, and another $150 million, and putting all of it into a new VC called Propel Venture Partners.
- How financial media firms are monetizing as readership changes (Tradestreaming) Being an old-school financial media company is tough in this market but a handful of firms have transitioned into a winning model. Here’s how…
- How credit unions can win the millennial market (The Financial Brand): No, this isn’t just another study about millennials. This is about a report – produced jointly by the Center for Financial Services Innovation (CFSI) and Cornerstone Advisors – entitled Competing on Financial Health: How Credit Unions Can Win the Gen Y Market.