PeerIQ provides analysis of the recent OneMain securitization; the chart above compares the deal to other recent online lending securitizations; the deal closed at $947 million and it includes loans from Springleaf and OneMain which have merged under the OneMain brand. Source
Originating the loan to a borrower is just the beginning; at LendIt USA 2017 we hosted a presentation by Envestnet | Yodlee on monitoring the consumer after the loan; key items to focus on include: monitoring the lending relationship and data analysis of the borrower, ensuring you have the best data for a specific borrower, are credit data and scores enough or should you look to alternative data sources, what alternative data and details do you focus on to make sure you are making the right decision, and how do changes to income and employment effect the borrower status; focusing on the details is key, making sure you understand the different borrowers and the data points that affect them the most. Source
Banks have been trying to understand what they will need to change to stay competitive as finance becomes more digital; the key question they try to answer is buy, build or partner; at LendIt USA 2017 we hosted a keynote fireside chat that focused on how a global cooperative bank stays innovative; digitizing their lending process to become more like a platform, understanding that fintech is more of an evolution and not a revolution, better understanding the customer's needs and offering hybrid solutions is key to staying ahead of the innovation curve. Source