Online Lending: An Industry Built To Last - by Prosper's Ron Suber

By Prosper's Ron Suber

Ron Suber represents the whole online industry and has made many investments in fintech companies; in his presentation at LendIt he talks through the history of the industry from 2013, highlighting the themes of each year through 2017; Suber shares the five ways companies can form relationships with banks including loan sales, partners (Laas/White Label), vendor relationship, merger and acquisitions and helping banks build new platforms; discusses what Prosper is doing to build a platform built to last and believes the keys to future success in 2017 and beyond are loan performance, data transparency, platform profitability, customer acquisition and automation.