Cross River Intelligence Archives

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 ...

Fed Officials are taking an increasingly hawkish stance in public comments and minutes released from the recent FOMC indicate that rate hikes could occur "fairly soon." Fed bank lending data reveals that lending among large banks is, in fact, rising, contrary to the post-Dodd Frank conventional wisdom. We note however that a significant portion of new bank lending consists of financing loans origi ...

Asset Backed Alert (February 24, 2017) Original article available here (subscription required) A new report from PeerIQ aims to illustrate the pitfalls of a lack of standardization in documenting marketplace-originated personal loans. The New York data firm plans to release its findings at “SFIG Vegas 2017,” the big industry conference that the Structured Finance Industry ...

Strong economic data this week across the January jobs reports, new housing starts, and retail sales has begun to catch up with improved investor and consumer sentiment. FinTech financings and bank partnerships continue. The WSJ reported that SoFi is near completion of a $500 Mn financing led by Silver Lake. The deal would reportedly value the firm at over $4 Bn. Last week S ...

Regulatory policy dominated the headlines this week. Federal Reserve Governor, Daniel Tarullo, announced his plan to resign in the spring, providing Trump with a clear path to accelerate his deregulatory agenda. Tarullo architected and defended tough capital and liquidity rules, stress tests and greatly increased Federal Reserve oversight. Earlier this week House Financial Servic ...

President Trump signed a memorandum to review Dodd-Frank Act on Friday. Loosening bank regulation, as noted by WSJ, would return approximately $100 Bn excess capital to investors and shareholders and improve bank ROE. The news is welcome one for banks that struggle to cover their cost-of-capital in a post-crisis regulatory regime. However, in a setback for banks, Asset Backed Alert reported this ...