|
|
Post by wiseclerk on Mar 22, 2014 16:37:49 GMT
I could not attend, but have heard that it was a very interesting event.
|
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188 
Likes: 540
|
Post by j on Mar 22, 2014 17:11:41 GMT
I'm returning from the event now and can report a highly informative meeting. The AC folk held up well under questioning, giving a potted history of the company and its ethos in the morning and a peek at all the new buttons and dials soon to appear in the loan section in the afternoon. I won't go into all the details as I'm sure to get them wrong, but the upshot will be much more control over a personalised lending strategy which can then be left to run on its own, tweaked at will, or switched on and off, as the mood takes us. As if that wasn't enough, we can create a number of lending strategies with separate pots of money to feed them. (I didn't think to ask how many strategies would be permitted, but it reminds me of the time when ZOPA allowed easter egging). For those who don't want to change, the current set up will still be available. Thank you Andrew et al for a very successful first meeting. thank Nick, look forward to having a play with those strategy options! 
|
|
|
|
Post by valerieb on Mar 22, 2014 17:23:01 GMT
I'm returning from the event now and can report a highly informative meeting. The AC folk held up well under questioning, giving a potted history of the company and its ethos in the morning and a peek at all the new buttons and dials soon to appear in the loan section in the afternoon. I won't go into all the details as I'm sure to get them wrong, but the upshot will be much more control over a personalised lending strategy which can then be left to run on its own, tweaked at will, or switched on and off, as the mood takes us. As if that wasn't enough, we can create a number of lending strategies with separate pots of money to feed them. (I didn't think to ask how many strategies would be permitted, but it reminds me of the time when ZOPA allowed easter egging). For those who don't want to change, the current set up will still be available. Thank you Andrew et al for a very successful first meeting. As oldnick says, team gave a good account of themselves; they came over as very experienced, thorough in their loan assessment procedures, keen to use transparent procedures, determined to preserve the ethos of the company as it expands (target of £100 m lent by end of Dec). Lots of talk of integrity, no second chances for brokers who have concealed adverse info,etc. Improvements to website so that users don't need to hunt around for info - ie most of the things forumites have been requesting. Techi focus group to be set up, reward for loyal lenders coming soon(!), Chris is having a baby! Many thanks to the team for an enjoyable, successful meeting.
|
|
|
|
Post by Lep Recorn on Mar 22, 2014 17:23:27 GMT
At the very end Andrew commented about the issue of regular reliable customers getting peeved last week (?) when a cashback incentive was offered to new lenders. He said that something 'interesting'(?) would be offered to regular customers on April 1st. Hope that it turns out not to be an April fool joke.
The other points of interest were :
Assetz are possibly interested in a p2p ISA - but they have so little detail from the Government that they could not possibly say anything definitive.
They have about 4000 people registered as lenders, of whom 2000 have committed some investment and 1000 are regular investors. (At least once a month.)
Some kind of interest earned statement to help with tax returns should be available by June(?)
There was a lot of talk and I don't think the movie will be a box office hit :-)
|
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
Post by j on Mar 22, 2014 17:47:53 GMT
|
|
mikeb
Posts: 1,072
Likes: 472
|
Post by mikeb on Mar 22, 2014 18:35:43 GMT
There was a lot of talk and I don't think the movie will be a box office hit :-) Oh I dunno, a few special effects, some background music, and maybe the best bits being AutoTuned might get it somewhere on YouTube ... 
|
|
|
|
Post by chris on Mar 22, 2014 18:37:10 GMT
I'm returning from the event now and can report a highly informative meeting. The AC folk held up well under questioning, giving a potted history of the company and its ethos in the morning and a peek at all the new buttons and dials soon to appear in the loan section in the afternoon. I won't go into all the details as I'm sure to get them wrong, but the upshot will be much more control over a personalised lending strategy which can then be left to run on its own, tweaked at will, or switched on and off, as the mood takes us. As if that wasn't enough, we can create a number of lending strategies with separate pots of money to feed them. (I didn't think to ask how many strategies would be permitted, but it reminds me of the time when ZOPA allowed easter egging). For those who don't want to change, the current set up will still be available. Thank you Andrew et al for a very successful first meeting. Unlimited strategies. Doesn't matter to the system if you have 2 or 2,000 as long as it's coded to work with more than 1.
|
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
Post by j on Mar 22, 2014 18:42:58 GMT
I'm returning from the event now and can report a highly informative meeting. The AC folk held up well under questioning, giving a potted history of the company and its ethos in the morning and a peek at all the new buttons and dials soon to appear in the loan section in the afternoon. I won't go into all the details as I'm sure to get them wrong, but the upshot will be much more control over a personalised lending strategy which can then be left to run on its own, tweaked at will, or switched on and off, as the mood takes us. As if that wasn't enough, we can create a number of lending strategies with separate pots of money to feed them. (I didn't think to ask how many strategies would be permitted, but it reminds me of the time when ZOPA allowed easter egging). For those who don't want to change, the current set up will still be available. Thank you Andrew et al for a very successful first meeting. Unlimited strategies. Doesn't matter to the system if you have 2 or 2,000 as long as it's coded to work with more than 1. :-Sas a non-IT guy, that went completely over my head
|
|
|
|
Post by Ton ⓉⓞⓃ on Mar 22, 2014 18:44:40 GMT
I'm returning from the event now and can report a highly informative meeting. The AC folk held up well under questioning, giving a potted history of the company and its ethos in the morning and a peek at all the new buttons and dials soon to appear in the loan section in the afternoon. I won't go into all the details as I'm sure to get them wrong, but the upshot will be much more control over a personalised lending strategy which can then be left to run on its own, tweaked at will, or switched on and off, as the mood takes us. As if that wasn't enough, we can create a number of lending strategies with separate pots of money to feed them. (I didn't think to ask how many strategies would be permitted, but it reminds me of the time when ZOPA allowed easter egging). For those who don't want to change, the current set up will still be available. Thank you Andrew et al for a very successful first meeting. Right now we're nowhere near being able to do easteregging, does that mean more smaller loans are coming with variable rates? Not absolutely sure I like easteregging, I seem to remember biggest wallet wins, unless I played it wrong. No judgement yet tho' have to see how it works out in practice.
|
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
Post by j on Mar 22, 2014 18:50:28 GMT
Right now we're nowhere near being able to do easteregging, does that mean more smaller loans are coming with variable rates? Not absolutely sure I like easteregging, I seem to remember biggest wallet wins, unless I played it wrong. No judgement yet tho' have to see how it works out in practice. can someone kindly explain the easteregging concept to those not aware of the details?! Thnx
|
|
|
|
Post by Ton ⓉⓞⓃ on Mar 22, 2014 18:53:23 GMT
Right now we're nowhere near being able to do easteregging, does that mean more smaller loans are coming with variable rates? Not absolutely sure I like easteregging, I seem to remember biggest wallet wins, unless I played it wrong. No judgement yet tho' have to see how it works out in practice. can someone kindly explain the easteregging concept to those not aware of the details?! Thnx Nothing that exciting, simply a spread of different offers at different rates, where one or more might get knocked out by others offering better rates. Unless oldnick meant something else.
|
|
|
|
Post by chris on Mar 22, 2014 18:55:49 GMT
:-Sas a non-IT guy, that went completely over my head Basically in a computer database you have one to one relationships between bits of data or one to many. With a one to one relationship it means that for each item of data a you can have one item of data b. So a user on our website may have one profile with their personal information stored in it. With a one to many relationship for every item of data you can have many instances of related data, for example a user may have multiple loan units that they own. Once the system is coded to work with more than one item, it doesn't matter if there are 1, 10, 100 or 1,000. Any limits placed are usually artificial to keep things manageable, make sure user interfaces don't break, keep down processing requirements, etc. The "strategies" part of the conversation will become clear when you watch the video. It refers to a new feature that'll publicly launch some time in May.
|
|
andy2001
Member of DD Central
Posts: 361
Likes: 34
|
Post by andy2001 on Mar 22, 2014 19:03:49 GMT
Does this strategy stuff apply to both the primary, and aftermarket, or just the primary?
|
|
|
|
Post by Ton ⓉⓞⓃ on Mar 22, 2014 19:04:02 GMT
But as I didn't go to the event I've no idea how they mean easteregging exactly (excuse the pun). If you're interested search that word on talk.Zopa.com it was named a Lender on there. can someone kindly explain the easteregging concept to those not aware of the details?! Thnx Nothing that exciting, simply a spread of different offers at different rates, where one or more might get knocked out by others offering better rates. Unless oldnick meant something else. |
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
Post by j on Mar 22, 2014 19:08:12 GMT
:-Sas a non-IT guy, that went completely over my head Basically in a computer database you have one to one relationships between bits of data or one to many. With a one to one relationship it means that for each item of data a you can have one item of data b. So a user on our website may have one profile with their personal information stored in it. With a one to many relationship for every item of data you can have many instances of related data, for example a user may have multiple loan units that they own. Once the system is coded to work with more than one item, it doesn't matter if there are 1, 10, 100 or 1,000. Any limits placed are usually artificial to keep things manageable, make sure user interfaces don't break, keep down processing requirements, etc. The "strategies" part of the conversation will become clear when you watch the video. It refers to a new feature that'll publicly launch some time in May Thanks for the layman explanation chris. When is the video uploading anticipated, given you'll need some time to fine tune its contents?
|
|
