Cross River Intelligence Archives

This week’s highlights include news from the FOMC, a $50 Mn financing in Prosper led by FinEx, a bank partnership, and highlights from ABS East. On the back of Hurricane Irma, ABS East continued as scheduled in Miami this week. Ram Ahluwalia spoke on the 'Trends in Online Consumer Lending: Less Tech, More Fin?' panel, from which we included two slides below. Overall, yield compression and ...

ABS East kicks off this Sunday in Miami. Stop our booth to be entered for an Oculus Rift giveaway and be sure to catch the panel with Ram this Monday at 2:50 PM for Trends in Online Consumer Lending: Less Tech, More Fin?  This week, Equifax continues to be at the top of everyone's mind following the hack that may have compromised the names, Social Security numbers, birth dat ...

Headlines centered on Equifax’s data breach that compromised the personal data of 143 million U.S. consumers. The breach heightens focus on cybersecurity and secure methods for exchanging loan data while protecting personally identifiable information. Square is following in SoFi’s footsteps by applying for an Industrial Bank Charter. Square’s application would a ...

The economic picture and outlook for the US consumer continues to improve. US Q2 GDP was revised upward to an annualized growth rate of 3%—the fastest in two years. Hurricane Harvey may trim Q3 growth, reconstruction efforts are expected to drive expansion in the following periods. (Note: investors interested in using PeerIQ analytics to assess the impact of Harvey on their loan portfolio sh ...