Data Partnership to Allow Online Lending Investors to Easily Analyze and Build Applications on 1010data’s Industry Standard Data Analytics Platform
PeerIQ, a leading provider of data and analytics to the online lending sector, today announced a new data partnership with 1010data, offering the only integrated cloud platform that combines self-service data management and analytics at scale with ready-to-use data. The two companies will provide investors with turnkey access to the highest quality loan-level data from online lending platforms. This will simultaneously increase research productivity and reduce costs associated with analyzing whole-loans and securities. Leveraging PeerIQ’s universal data models and lender-specific data cleaning processes, the partnership also broadens 1010data’s ability to provide its customers with access to loan-level data in another consumer credit capital markets sector.
“Data aggregation, standardization, and reconciliation are core requirements for the growing online lending sector,” said Ram Ahluwalia, CEO of PeerIQ. “We’ve worked closely with leading online lenders to build out integrations, develop universal data models that meet the needs of the capital markets, and implement processes to parse and perfect data we receive. This partnership represents a natural extension of our platform, allowing clients who rely on 1010data for hosting and analytics yet another channel to easily access and analyze high quality loan information.”
Those with authorized access to PeerIQ data can now integrate that data into their full set of workflows on the 1010data Insights Platform, including the ability to:
- Make ad-hoc, time-series analysis simple and fast using 1010data’s extensive built-in analytical function library
- Quickly develop, modify, share and automate pre-defined reports; easily run queries and create interactive dashboard applications with 1010data QuickApps
- Output results into Microsoft Excel and/or build Excel-based applications using the 1010data Excel add-in
- Combine and analyze PeerIQ data with complementary data sources, such as consumer credit and other econometric data which are already available on the 1010data platform
“As online lending marketplaces have grown, so has the appetite for clean, normalized historical performance data amongst our customer base of investors, lenders, broker dealers and rating agencies. Until now, market participants wasted significant time and expense scraping and cleaning data from disparate sources,” said Natalie Seidman, Senior Vice President of financial services for 1010data. “By integrating PeerIQ’s loan-level data into 1010data’s familiar analytics platform, our customers can get to work right away on analyzing pools and securities relative to specified cohorts, while developing and validating credit and prepayment models and benchmarking originators, servicers and portfolio performance.”
Gaining actionable insight requires the best analytical tools and access to all relevant data. 1010data is a complete solution that provides both. Ours is the only out-of-the-box, self-service, cross-enterprise insights platform. More than 850 of the world’s largest companies trust 1010data to manage, share and analyze over 34 trillion rows of data because of our proven ability to deliver results more quickly, easily and accurately than any other solution. Please visit www.1010data.com for more information.
PeerIQ is a data and analytics company that is bridging the gap between online lenders and the capital markets, offering transparency, data validation, loan-level credit analytics, and valuation so that investors can invest with confidence. Meeting the needs across the credit funding cycle—from loan purchasing to financing to securitization—we work with industry leaders to unlock capital at scale. PeerIQ is backed by Uprising, Victory Park Capital, and Fenway Summer Ventures, as well as notable capital markets veterans such as John Mack, Vikram Pandit, Dan Doctoroff and Arthur Levitt. Learn more at www.peeriq.com.