{"product_id":"marketplace-lending-financial-analysis-and-the-future-of-credit-integration-profitability-and-risk-management-hardback-9781119099161","title":"Marketplace Lending, Financial Analysis, and the Future of Credit; Integration, Profitability, and Risk Management (Hardback) 9781119099161","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMarketplace Lending, Financial Analysis, and the Future of Credit\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eIntegration, Profitability, and Risk Management\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eIoannis Akkizidis (Author), Manuel Stagars (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781119099161, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 1 January 2016\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e344 pages\u003cbr\u003e25.2 x 17.8 x 2.3 cm, 0.753 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eThe time for financial technology innovation is now\u003c\/b\u003e \u003cp\u003e\u003ci\u003eMarketplace Lending, Financial Analysis, and the Future of Credit\u003c\/i\u003e 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. \u003cbr\u003e\u003cbr\u003ePeer-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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExplain (or Explore) approaches and challenges in financial analysis applied to credit risk and profitability\u003c\/li\u003e \u003cli\u003eExplore additional information provided via digital ancillaries, which will further support your understanding and application of key concepts\u003c\/li\u003e \u003cli\u003eNavigate the information organised into three subject areas: describing a new business model, knowledge integration, and proposing a new model for the Hybrid Financial Sector\u003c\/li\u003e \u003cli\u003eUnderstand how the rise of fintech fits into context within the current financial system\u003c\/li\u003e \u003cli\u003eFollow 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\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eMarketplace Lending, Financial Analysis, and the Future of Credit\u003c\/i\u003e is a critical text that bridges the gap in understanding between financial technology entrepreneurs and credit institutions.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface xvii\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003eAbout the Authors xxi\u003c\/p\u003e \u003cp\u003eAbout the Website xxiii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eI.1 Who is this Book For? 2\u003c\/p\u003e \u003cp\u003eI.2 What is Fintech? 2\u003c\/p\u003e \u003cp\u003eI.2.1 Distinction between Financial Technology Innovation and Financial Innovation 3\u003c\/p\u003e \u003cp\u003eI.3 Why Does this Book Focus on Online Lending? 4\u003c\/p\u003e \u003cp\u003eI.4 The Hybrid Financial Sector: The Opportunity to Build a Healthier Financial System 5\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE Fintech and Online Lending Landscape—Where Are We Now? 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Introduction to the Business Models in Financial Technology 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Innovation Themes in Fintech 15\u003c\/p\u003e \u003cp\u003e1.2 The Promises and Pitfalls of Fintech Business Models 20\u003c\/p\u003e \u003cp\u003e1.3 The Pitfalls 22\u003c\/p\u003e \u003cp\u003e1.4 Why is Financial Technology Innovation Important? 23\u003c\/p\u003e \u003cp\u003e1.5 Challenges and Roadblocks for Fintech Companies 24\u003c\/p\u003e \u003cp\u003e1.6 Fintech is a Long-Term Play 26\u003c\/p\u003e \u003cp\u003e1.7 Concluding Remarks 27\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 How Does Online Lending Work? An Overview with a Focus on Marketplace Lending 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Reliance on Technology and Data 29\u003c\/p\u003e \u003cp\u003e2.2 How Do Online Lenders Differ From Banks? 30\u003c\/p\u003e \u003cp\u003e2.3 Types of Online Lenders 31\u003c\/p\u003e \u003cp\u003e2.4 Some Background on Peer-to-Peer Networks 36\u003c\/p\u003e \u003cp\u003e2.5 The Business Model of Marketplace Lending Platforms 40\u003c\/p\u003e \u003cp\u003e2.6 Onboarding Process 41\u003c\/p\u003e \u003cp\u003e2.7 Comparing Marketplace Loans with Bank Credit or Credit Card Debt 44\u003c\/p\u003e \u003cp\u003e2.8 Who are the Alternative Borrowers? 47\u003c\/p\u003e \u003cp\u003e2.9 Who Are Investors in Marketplace Loans? 48\u003c\/p\u003e \u003cp\u003e2.10 Underwriting and Credit Scoring 48\u003c\/p\u003e \u003cp\u003e2.11 Regulation 49\u003c\/p\u003e \u003cp\u003e2.12 The Response of Banks to Online Lending 51\u003c\/p\u003e \u003cp\u003e2.13 Concluding Remarks 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 What Made the Rise of Online Lending Possible? 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Technological Factors 57\u003c\/p\u003e \u003cp\u003e3.2 Social Factors 62\u003c\/p\u003e \u003cp\u003e3.3 Structural Factors 63\u003c\/p\u003e \u003cp\u003e3.4 The Perfect Storm 65\u003c\/p\u003e \u003cp\u003e3.5 A Divergence of Trends 66\u003c\/p\u003e \u003cp\u003e3.6 Concluding Remarks 67\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Why Fintech Lives Outside of Banks 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 The Technology Mudslide Hypothesis: Sustaining Innovation vs. Disruptive Innovation 70\u003c\/p\u003e \u003cp\u003e4.2 Will Banks Notice the Next Fintech Breakthrough? 73\u003c\/p\u003e \u003cp\u003e4.3 Why Do Banks Have Difficulty in Innovating? 76\u003c\/p\u003e \u003cp\u003e4.4 Developing Core Competence in Financial Technology Innovation 79\u003c\/p\u003e \u003cp\u003e4.5 Concluding Remarks 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO The Status Quo of Analytics in the Financial Industry—The Perspective of Banks 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eP2.1 Banking is Innovation 84\u003c\/p\u003e \u003cp\u003eP2.2 Banking Goes Mobile 84\u003c\/p\u003e \u003cp\u003eP2.3 Banks Are Far From Dead 85\u003c\/p\u003e \u003cp\u003eP2.4 How to Read This Part of the Book 85\u003c\/p\u003e \u003cp\u003eP2.5 What We Discuss in This Part 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Financial Contracts 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Contract Elements 89\u003c\/p\u003e \u003cp\u003e5.2 Time in Financial Contracts 90\u003c\/p\u003e \u003cp\u003e5.3 Contract Mechanisms Producing Financial Events 92\u003c\/p\u003e \u003cp\u003e5.4 Concluding Remarks 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Markets 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Real-world and Risk-neutral Expectations of Markets 108\u003c\/p\u003e \u003cp\u003e6.2 Economic Scenarios Based on Real-world Probabilities 109\u003c\/p\u003e \u003cp\u003e6.3 The Risk-neutral Expectations 110\u003c\/p\u003e \u003cp\u003e6.4 Beyond Market Risk-Free Rates 113\u003c\/p\u003e \u003cp\u003e6.5 Discounting Cash Flows 116\u003c\/p\u003e \u003cp\u003e6.6 Considering Market Elements in P2P Finance 117\u003c\/p\u003e \u003cp\u003e6.7 Concluding Remarks 118\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Counterparties 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Types and Roles of Counterparties 121\u003c\/p\u003e \u003cp\u003e7.2 Descriptive Characteristics 123\u003c\/p\u003e \u003cp\u003e7.3 Default Probability 124\u003c\/p\u003e \u003cp\u003e7.4 Credit Ratings 129\u003c\/p\u003e \u003cp\u003e7.5 Credit Spreads Based on Real-world Probabilities 130\u003c\/p\u003e \u003cp\u003e7.6 Link of Counterparties via Markets 131\u003c\/p\u003e \u003cp\u003e7.7 Concluding Remarks 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Behavior Risk 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Prepayments 140\u003c\/p\u003e \u003cp\u003e8.2 Draw-downs\/Remaining Principle\/Facilities and Credit Lines 141\u003c\/p\u003e \u003cp\u003e8.3 Withdrawals 143\u003c\/p\u003e \u003cp\u003e8.4 Selling 143\u003c\/p\u003e \u003cp\u003e8.5 Default and Downgrading 144\u003c\/p\u003e \u003cp\u003e8.6 Use at Default 145\u003c\/p\u003e \u003cp\u003e8.7 Recoveries 146\u003c\/p\u003e \u003cp\u003e8.8 Concluding Remarks 147\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Credit Exposures 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Gross Exposure 151\u003c\/p\u003e \u003cp\u003e9.2 Net Exposure 152\u003c\/p\u003e \u003cp\u003e9.3 Evolution of the Gross and Net Exposures 152\u003c\/p\u003e \u003cp\u003e9.4 Exposure Distribution 155\u003c\/p\u003e \u003cp\u003e9.5 Credit Losses 156\u003c\/p\u003e \u003cp\u003e9.6 Link of Counterparties via Credit Exposures 157\u003c\/p\u003e \u003cp\u003e9.7 Concluding Remarks 158\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Credit Enhancements 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 What are Credit Enhancements? Types and Structure 162\u003c\/p\u003e \u003cp\u003e10.2 Asset-based Credit Enhancements 162\u003c\/p\u003e \u003cp\u003e10.3 Counterparty-based Credit Enhancements 165\u003c\/p\u003e \u003cp\u003e10.4 Additional Elements Considered in Credit Enhancements 168\u003c\/p\u003e \u003cp\u003e10.5 Extending Credit Enhancements in Marketplace Lending 170\u003c\/p\u003e \u003cp\u003e10.6 Concluding Remarks 175\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 Systemic and Concentration Risks 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Credit Exposure Systemic Risk 177\u003c\/p\u003e \u003cp\u003e11.2 Counterparty Systemic Risk 180\u003c\/p\u003e \u003cp\u003e11.3 Systemic Risk Exposures and Losses 183\u003c\/p\u003e \u003cp\u003e11.4 Credit Exposure Concentration Risk 184\u003c\/p\u003e \u003cp\u003e11.5 Counterparty Concentration Risk 185\u003c\/p\u003e \u003cp\u003e11.6 Systemic Risk and Portfolio Diversification 187\u003c\/p\u003e \u003cp\u003e11.7 Concluding Remarks 187\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Liquidity, Value, Income, Risk and New Production 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Liquidity 190\u003c\/p\u003e \u003cp\u003e12.2 Value and Income 197\u003c\/p\u003e \u003cp\u003e12.3 New Production 203\u003c\/p\u003e \u003cp\u003e12.4 Treasury and Funds Transfer Pricing (FTP) 205\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE Toward the Future of the Hybrid Financial Sector 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eP3.1 Dangers of a Big Bang Approach to Catch up with Technology Innovation 216\u003c\/p\u003e \u003cp\u003eP3.2 The Need to Collaborate in a Hybrid Financial System 217\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13 Profitability and Risk of Marketplace Loans 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Underlying Assumptions of the Analysis 220\u003c\/p\u003e \u003cp\u003e13.2 Risk Factors 222\u003c\/p\u003e \u003cp\u003e13.3 Portfolio Construction 224\u003c\/p\u003e \u003cp\u003e13.4 Modeling Portfolio Performance 226\u003c\/p\u003e \u003cp\u003e13.5 Risk Management 236\u003c\/p\u003e \u003cp\u003e13.6 The Road Forward 246\u003c\/p\u003e \u003cp\u003e13.7 Concluding Remarks 247\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 14 Digital Competencies and Digital Dilemmas 251\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Digital Competencies 252\u003c\/p\u003e \u003cp\u003e14.2 Digital Dilemmas 255\u003c\/p\u003e \u003cp\u003e14.3 Concluding Remarks 260\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 15 Digital Strategy 263\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Who Needs Digital Strategy? 263\u003c\/p\u003e \u003cp\u003e15.2 Frameworks to Analyze the Impact of Innovation 264\u003c\/p\u003e \u003cp\u003e15.3 Spotting Signs of Trouble on the Horizon 267\u003c\/p\u003e \u003cp\u003e15.4 How Banks Can Overcome the Innovator’s Dilemma 269\u003c\/p\u003e \u003cp\u003e15.5 From Producer to Supplier and Moving to a New Singularity 271\u003c\/p\u003e \u003cp\u003e15.6 From Closed Innovation to Open Services Innovation 272\u003c\/p\u003e \u003cp\u003e15.7 The Role of Leadership in Driving Emergent Strategy 273\u003c\/p\u003e \u003cp\u003e15.8 Concluding Remarks 274\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 16 The Hybrid Financial Sector 277\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Forces of Competition in the Digital Age 277\u003c\/p\u003e \u003cp\u003e16.2 The Dangers of Knife Fights 279\u003c\/p\u003e \u003cp\u003e16.3 Good Ideas in Marketplace Lending That Might Be Here to Stay 280\u003c\/p\u003e \u003cp\u003e16.4 The Alternative to the Hybrid Financial Sector: A Doomsday Scenario for Established Banks? 286\u003c\/p\u003e \u003cp\u003e16.5 Concluding Remarks 286\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 17 Unified Analytics 289\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Why Do Marketplace Lending Platforms Need Unified Financial Analytics? 290\u003c\/p\u003e \u003cp\u003e17.2 An Overview of a Unified Analytics Platform 296\u003c\/p\u003e \u003cp\u003e17.3 Concluding Remarks 301\u003c\/p\u003e \u003cp\u003eBibliography 303\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52421401182488,"sku":"9781119099161","price":57.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781119099161.jpg?v=1784595309","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/marketplace-lending-financial-analysis-and-the-future-of-credit-integration-profitability-and-risk-management-hardback-9781119099161","provider":"Freshly Printed Books","version":"1.0","type":"link"}