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Why can’t banking institutions do just exactly just what Prosper does? And exactly why can’t investors do exactly exactly exactly what MonJa does?

Why can’t banking institutions do just exactly just what Prosper does? And exactly why can’t investors do exactly exactly exactly what MonJa does?

A week ago we had been honored to engage in a extremely event that is special arranged by Vijay Rao, that has been MonJa’s Principal Consultant because the inception for the business

Vijay can also be a CFA, FRM, the COO and Founder of simply spend, Inc., while the seat of this FinTech Commitee at san francisco bay area CFA community. The big event were held at Prosper market workplace in San Francisco, hosted when it comes to Asian bank investors considering FinTech expansions. Occasion included presentations on subjects marketplace that is including, market financing analytics, crowdfunding, electronic re re re payments, BitCoin and BlockChain, electronic wide range and robo consultant.

Event started with all the presentation of David Kimball, Prosper’s CEO, whom offered the viewers a synopsis of Prosper, online financing platform, their viewpoint from the modifications taking place on the market, challenges they face as a market lender and methods for conquering them.

Prosper, founded, had been the Peer-to-peer that is first platform the united states. Ever since then it originated over 800,000 loans of over 10 billion as a whole.