Transparency: The Biggest Opportunity for the Marketplace Lending Industry
Technology Editor, American Banker
Director of Financial Technology Strategies, eOriginal
Chief Commercial Officer, Global Debt Registry
Founder and CEO, dv01
Description: In the Treasury Department's recent white paper titled “Opportunities and Challenges in Online Marketplace Lending”, transparency was one of the key themes that arose repeatedly. Specifically, the Treasury's recommendation highlighted the creation of a publicly-available, private sector driven registry for tracking data on transactions, including the issuance of notes and securitizations, and loan-level performance.
Discussion will include:
1. Why greater transparency (i.e., consistent reporting standards for loan origination data and portfolio performance, securitization performance transparency, etc.) should be standard operating procedure for all marketplace lenders.
2. How transparency can be improved across the industry, and how it can be measured.
3. How a publicly-available registry as proposed by the Treasury might look, and how it could continue to evolve over time.