SFGH is pleased to announce that Jonathan P. Friedland will speak at a West LegalEd Center/Financial Poise webinar titled "Marketplace Lending/Fintech."
On June 20, 2018, SFGH partner Jonathan P. Friedland will speak at a West LegalEd Center/Financial Poise webinar titled "Marketplace Lending/Fintech."
The emergence of the internet completely revolutionized the lending landscape. Innovative financial technology is changing the way businesses borrow and lenders loan money, offering the promise of increased convenience and access to financial services.
One such innovation is the emergency of “marketplace lending,” sometimes referred to as “peer-to-peer” or “platform” lending. Lenders who occupy this space are typically online non-bank financial companies that built technology platforms and online marketing strategies to match borrowers and lenders. The platforms connect businesses who seek to borrow money with investors willing to buy or invest in the loan. In my most cases, once a loan is made, the platform collects principal and interest payments and makes payments, less fees that the platform keeps, to investors.
This webinar discusses marketplace lending from a macro perspective, including the regulatory regime that governs the space. It compares marketplace lending with other forms of lending. And it explores some of the pros and cons of borrowing from a marketplace lender.