"Santander? Is that the new housekeeper?"
"Santander? Is that the new housekeeper?"

The Daily Dig for Monday, September 15

Some great reads if you follow the global development of alternative finance.

Lending Club IPO compared to Google, iTunes

Lending Club’s prospectus outlines the ambitious plans Renaud Laplanche and the board have for the company, which they envision being able to disrupt lending much like Google did for print media and iTunes for music.  Great article by Alan Kohler.

United Kingdom P2P industry hits £ 2 billion

Maybe Scotland can tap into that to pay their share of the national debt if they vote for independence.  Adam Palin has the details.

Debt crowdfunding simpler, but still risky

Better Capital founder Jon Moulton believes debt crowdfunding has been much simpler to understand and much more orderly than other types of investing.  He also does not buy most of the rationale behind having to protect unsophisticated investors from themselves.  He does recommend caution about investing in certain types of ventures as investor control over outcomes is somewhat limited.  Read his comments here.

Aussies easing equity crowdfunding regulations

The government sees developments elsewhere and believes steps need to be taken in order to keep Australia competitive, writes Fleur Anderson.

UK fund manager sells bank holdings, cites “fine inflation”

Neil Woodford sees many more fines to come, with their size depending on a bank’s ability to pay them, so the natural inclination to invest in a healthier bank does not make sense, explains Steve Johnson.

Online borrowers should be careful on social media

"They're higher risk because of a tweet? What the hell is that?"
“They’re higher risk because of a tweet? What the hell is that?”

Many small businesses turning to online lenders are finding some of the companies are checking their social media accounts as part of their risk assessment process.  Steve Viuker has more.

Art Basel & Kickstarter team up to fund non-profit art projects

Non-commercial artists now have some heavy duty backing thanks to a new partnership between Kickstarter and Art Basel.  Sarah Cascone explains how it works.

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