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Weekly Industry Update: February 26, 2017 (with advance release of PeerIQ Data Standards Whitepaper)

By Vy Phan

February 26, 2017

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 originated by non-banks (via capital efficient senior secured credit facilities and corporate loans). Heightened interest in regulatory policy changes, increased investor demand, and a recent uptick in deals has spurred large attendance expectations for this week’s SFIG Vegas 2017. CEO Ram Ahluwalia will moderate a headline panel at 3:45PM on Monday, February 27 titled, “The Outlook for Securitization and Marketplace Lending.” Several members of the PeerIQ leadership team will be in attendance—we welcome you to visit our booth or schedule a meeting for an update. Finally, we encourage you to download our new whitepaper on Data Standards and Best Practices which we release today. Standardization efforts are accelerating. True data leadership calls for more than generic calls for transparency, but rather living it, and thus we are releasing our basic unsecured consumer data model. Our paper, consistent with SFIG guidance released in December, also contains key learnings and best practices culled from our years as the leading data normalization provider for marketplace lending. As this week’s Lending Club grace period policy change highlights, the variation in definitions and policies across platforms, which change routinely, can complicate performance comparisons, increase diligence costs, and ultimately hinder entry of new capital. Continuing the data theme, on Monday, PeerIQ will announce at SFIG a major new data partnership that will further accelerate data standardization efforts. Stay tuned. New Hires: We are excited to announce the following additions to our extraordinary engineering team. The engineering team is focused on a suite of new features and partner data integrations. Jason Sullivan: Brian Mason: Byran Bonnet: Lulu Cheng:   Conferences PeerIQ in the News: Industry News: In Memoriam: