am
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Post by am on Feb 1, 2016 22:45:14 GMT
Interesting to see how many platforms seem to be shrinking their loan volume when they need growth to justify lack of profit. Quite worrying really. The monthly volumes on most platforms are quite volatile. For example the -97% for SS may look alarming. However I see no reason for worry concerning this platform (at least in the near furture). Also depending on loan types there are seasonal effects. And for small platforms (e.g. <1M/month) the percentage fluctations do not translate to much in volume in absolute numbers. But you are right that it makes those platforms look more stable/predictable that manage to generate a steady volume of loan volume - especially the top 3 in this chart Ratesetter, Zopa and Funding Circle. Would Prosper and Lending Club disclose monthly figures, the same would apply for them. Would it help to give rolling quarterly and/or annual volumes, and monthly changes in them?
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ablender
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Post by ablender on Feb 6, 2016 10:59:42 GMT
Interesting to see how many platforms seem to be shrinking their loan volume when they need growth to justify lack of profit. Quite worrying really. The monthly volumes on most platforms are quite volatile. For example the -97% for SS may look alarming. However I see no reason for worry concerning this platform (at least in the near furture). Also depending on loan types there are seasonal effects. And for small platforms (e.g. <1M/month) the percentage fluctations do not translate to much in volume in absolute numbers. But you are right that it makes those platforms look more stable/predictable that manage to generate a steady volume of loan volume - especially the top 3 in this chart Ratesetter, Zopa and Funding Circle. Would Prosper and Lending Club disclose monthly figures, the same would apply for them. Can you please advise on what information you are basing your -97% SS figure?
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Liz
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Post by Liz on Feb 6, 2016 11:08:31 GMT
December was a busy month for SS, post Christmas, all is quiet. I expect next months figure to be something silly like 3000%
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Liz
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Post by Liz on Feb 6, 2016 11:10:25 GMT
Do we have figures for the total of the loans on each site? It would be good to see the size of each platform.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 6, 2016 11:21:43 GMT
The monthly volumes on most platforms are quite volatile. For example the -97% for SS may look alarming. However I see no reason for worry concerning this platform (at least in the near furture). Also depending on loan types there are seasonal effects. And for small platforms (e.g. <1M/month) the percentage fluctations do not translate to much in volume in absolute numbers. But you are right that it makes those platforms look more stable/predictable that manage to generate a steady volume of loan volume - especially the top 3 in this chart Ratesetter, Zopa and Funding Circle. Would Prosper and Lending Club disclose monthly figures, the same would apply for them. Can you please advise on what information you are basing your -97% SS figure? Just look at the loan book. SS launched 10.2m in Dec, .3m in Jan, thats a 97% drop.
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j
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Post by j on Feb 6, 2016 12:24:13 GMT
Can you please advise on what information you are basing your -97% SS figure? Just look at the loan book. SS launched 10.2m in Dec, .3m in Jan, thats a 97% drop. If most of their pipeline comes to fruition over the next 4 weeks, there will be a massive upside & we'll all moan we don't have enough funds to meet it
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Post by wiseclerk on Feb 6, 2016 13:00:24 GMT
Possibly, but I think there is much idle money sitting to be deployed.
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Post by westonkevRS on Feb 6, 2016 13:50:07 GMT
Do we have figures for the total of the loans on each site? It would be good to see the size of each platform. Have you used this: www.altfi.com/data/indices/UKvolumeSometimes it can be a few days late. But my personal advice, steer clear of sites that have not lent (or minimal volume) the last 3 months.... Kevin.
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mikes1531
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Post by mikes1531 on Feb 6, 2016 14:30:58 GMT
I don't know where AltFi get their data, but they're showing AC as having lent £6.6M so far this year and that looks to be off by an order of magnitude -- unless AC have significant lending that can't be seen on their website.
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oldgrumpy
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Post by oldgrumpy on Feb 6, 2016 14:36:23 GMT
Surprised to see that FS has lent £0 so far this year. I've lent some through them this year!
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ben
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Post by ben on Feb 6, 2016 15:00:16 GMT
Surprised to see that FS has lent £0 so far this year. I've lent some through them this year! I am guessing they have not stated there figures I have leant a bit this year to
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ablender
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Post by ablender on Feb 6, 2016 22:20:56 GMT
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mikes1531
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Post by mikes1531 on Feb 6, 2016 22:41:21 GMT
I don't think they publish their data. I believe that's why they don't appear on the 'p2p-banking' tables either.
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Post by MoneyThing on Feb 22, 2016 14:25:27 GMT
I remember discussing this very early on with AltFi but at the time we didn't meet the minimum requirement by way of total originated lending. I have just had a brief look and see that it is a minimum of £5m so perhaps worth looking at this again. Thanks for the reminder! Regards, Ed.
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Post by wiseclerk on Mar 2, 2016 8:16:47 GMT
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