TY  - BOOK
AU  - Stagars, Manuel
AU  - Akkizidis, Ioannis
TI  - Marketplace lending, financial analysis, and the future of credit
SN  - 9781119099161
PY  - 2016///
CY  - 
PB  - John Wiley & Sons
KW  - Financial services industry
KW  - Technological innovations
KW  - Credit
KW  - Risk management
KW  - Finance
N1  - integration, profitability and risk management; Includes bibliographical references and index; PART ONE Fintech and Online Lending Landscape-Where Are We Now? 11--; CHAPTER 1 Introduction to the Business Models in Financial Technology 15--; 1.1 Innovation Themes in Fintech 15--; 1.2 The Promises and Pitfalls of Fintech Business Models 20--; 1.3 The Pitfalls 22--; 1.4 Why is Financial Technology Innovation Important? 23--; 1.5 Challenges and Roadblocks for Fintech Companies 24--; 1.6 Fintech is a Long-Term Play 26--; 1.7 Concluding Remarks 27--; CHAPTER 2 How Does Online Lending Work? An Overview with a Focus on Marketplace Lending 29--; 2.1 Reliance on Technology and Data 29--; 2.2 How Do Online Lenders Differ From Banks? 30--; 2.3 Types of Online Lenders 31--; 2.4 Some Background on Peer-to-Peer Networks 36--; 2.5 The Business Model of Marketplace Lending Platforms 40--; 2.6 Onboarding Process 41--; 2.7 Comparing Marketplace Loans with Bank Credit or Credit Card Debt 44--; 2.8 Who are the Alternative Borrowers? 47--; 2.9 Who Are Investors in Marketplace Loans? 48--; 2.10 Underwriting and Credit Scoring 48--; 2.11 Regulation 49--; 2.12 The Response of Banks to Online Lending 51--; 2.13 Concluding Remarks 52--; CHAPTER 3 What Made the Rise of Online Lending Possible? 57--; 3.1 Technological Factors 57--; 3.2 Social Factors 62--; 3.3 Structural Factors 63--; 3.4 The Perfect Storm 65--; 3.5 A Divergence of Trends 66--; 3.6 Concluding Remarks 67--; CHAPTER 4 Why Fintech Lives Outside of Banks 69--; 4.1 The Technology Mudslide Hypothesis: Sustaining Innovation vs. Disruptive Innovation 70--; 4.2 Will Banks Notice the Next Fintech Breakthrough? 73--; 4.3 Why Do Banks Have Difficulty in Innovating? 76--; 4.4 Developing Core Competence in Financial Technology Innovation 79--; 4.5 Concluding Remarks 81--; PART TWO The Status Quo of Analytics in the Financial Industry-The Perspective of Banks 83--; P2.1 Banking is Innovation 84--; P2.2 Banking Goes Mobile 84--; P2.3 Banks Are Far From Dead 85--; P2.4 How to Read This Part of the Book 85--; P2.5 What We Discuss in This Part 86--; CHAPTER 5 Financial Contracts 89--; 5.1 Contract Elements 89--; 5.2 Time in Financial Contracts 90--; 5.3 Contract Mechanisms Producing Financial Events 92--; 5.4 Concluding Remarks 106--; CHAPTER 6 Markets 107--; 6.1 Real-world and Risk-neutral Expectations of Markets 108--; 6.2 Economic Scenarios Based on Real-world Probabilities 109--; 6.3 The Risk-neutral Expectations 110--; 6.4 Beyond Market Risk-Free Rates 113--; 6.5 Discounting Cash Flows 116--; 6.6 Considering Market Elements in P2P Finance 117--; 6.7 Concluding Remarks 118--; CHAPTER 7 Counterparties 121--; 7.1 Types and Roles of Counterparties 121--; 7.2 Descriptive Characteristics 123--; 7.3 Default Probability 124--; 7.4 Credit Ratings 129--; 7.5 Credit Spreads Based on Real-world Probabilities 130--; 7.6 Link of Counterparties via Markets 131--; 7.7 Concluding Remarks 137--; CHAPTER 8 Behavior Risk 139--; 8.1 Prepayments 140--; 8.2 Draw-downs/Remaining Principle/Facilities and Credit Lines 141--; 8.3 Withdrawals 143--; 8.4 Selling 143--; 8.5 Default and Downgrading 144--; 8.6 Use at Default 145--; 8.7 Recoveries 146--; 8.8 Concluding Remarks 147--; CHAPTER 9 Credit Exposures 151--; 9.1 Gross Exposure 151--; 9.2 Net Exposure 152--; 9.3 Evolution of the Gross and Net Exposures 152--; 9.4 Exposure Distribution 155--; 9.5 Credit Losses 156--; 9.6 Link of Counterparties via Credit Exposures 157--; 9.7 Concluding Remarks 158--; CHAPTER 10 Credit Enhancements 161--; 10.1 What are Credit Enhancements? Types and Structure 162--; 10.2 Asset-based Credit Enhancements 162--; 10.3 Counterparty-based Credit Enhancements 165--; 10.4 Additional Elements Considered in Credit Enhancements 168--; 10.5 Extending Credit Enhancements in Marketplace Lending 170--; 10.6 Concluding Remarks 175--; CHAPTER 11 Systemic and Concentration Risks 177--; 11.1 Credit Exposure Systemic Risk 177--; 11.2 Counterparty Systemic Risk 180--; 11.3 Systemic Risk Exposures and Losses 183--; 11.4 Credit Exposure Concentration Risk 184--; 11.5 Counterparty Concentration Risk 185--; 11.6 Systemic Risk and Portfolio Diversification 187--; 11.7 Concluding Remarks 187--; CHAPTER 12 Liquidity, Value, Income, Risk and New Production 189--; 12.1 Liquidity 190--; 12.2 Value and Income 197--; 12.3 New Production 203--; 12.4 Treasury and Funds Transfer Pricing (FTP) 205--; PART THREE Toward the Future of the Hybrid Financial Sector 215--; P3.1 Dangers of a Big Bang Approach to Catch up with Technology Innovation 216--; P3.2 The Need to Collaborate in a Hybrid Financial System 217--; CHAPTER 13 Profitability and Risk of Marketplace Loans 219--; 13.1 Underlying Assumptions of the Analysis 220--; 13.2 Risk Factors 222--; 13.3 Portfolio Construction 224--; 13.4 Modeling Portfolio Performance 226--; 13.5 Risk Management 236--; 13.6 The Road Forward 246--; 13.7 Concluding Remarks 247--; CHAPTER 14 Digital Competencies and Digital Dilemmas 251--; 14.1 Digital Competencies 252--; 14.2 Digital Dilemmas 255--; 14.3 Concluding Remarks 260--; CHAPTER 15 Digital Strategy 263--; 15.1 Who Needs Digital Strategy? 263--; 15.2 Frameworks to Analyze the Impact of Innovation 264--; 15.3 Spotting Signs of Trouble on the Horizon 267--; 15.4 How Banks Can Overcome the Innovator's Dilemma 269--; 15.5 From Producer to Supplier and Moving to a New Singularity 271--; 15.6 From Closed Innovation to Open Services Innovation 272--; 15.7 The Role of Leadership in Driving Emergent Strategy 273--; 15.8 Concluding Remarks 274--; CHAPTER 16 The Hybrid Financial Sector 277--; 16.1 Forces of Competition in the Digital Age 277--; 16.2 The Dangers of Knife Fights 279--; 16.3 Good Ideas in Marketplace Lending That Might Be Here to Stay 280--; 16.4 The Alternative to the Hybrid Financial Sector: A Doomsday Scenario for Established Banks? 286--; 16.5 Concluding Remarks 286--; CHAPTER 17 Unified Analytics 289--; 17.1 Why Do Marketplace Lending Platforms Need Unified Financial Analytics? 290--; 17.2 An Overview of a Unified Analytics Platform 296--; 17.3 Concluding Remarks 301--
N2  - Marketplace Lending, Financial Analysis, and the Future of Credit clearly explains why financial credit institutions need to further innovate within the financial technology arena. Through this text, you access a framework for applying innovative strategies in credit services. Provided and supported by financial institutions and entrepreneurs, the information in this engaging book encompasses printed guidance and digital ancillaries. ;  ; Peer-to-peer lenders are steadily growing within the financial market. Integrating peer-to-peer lending into established credit institutions could strengthen the financial sector as a whole, and could lead to the incorporation of stronger risk and profitability management strategies. ;  ;     Explain (or Explore) approaches and challenges in financial analysis applied to credit risk and profitability ;     Explore additional information provided via digital ancillaries, which will further support your understanding and application of key concepts ;     Navigate the information organised into three subject areas: describing a new business model, knowledge integration, and proposing a new model for the Hybrid Financial Sector ;     Understand how the rise of fintech fits into context within the current financial system ;     Follow discussion of the current status quo and role of innovation in the financial industry, and consider the financial technology innovation landscape from the perspective of an entrepreneur ;  ; Marketplace Lending, Financial Analysis, and the Future of Credit is a critical text that bridges the gap in understanding between financial technology entrepreneurs and credit institutions
UR  - https://www.wiley.com/en-es/Marketplace+Lending%2C+Financial+Analysis%2C+and+the+Future+of+Credit%3A+Integration%2C+Profitability%2C+and+Risk+Management-p-9781119099178
ER  -