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  • May 2019
  • Article

Marketplace Lending: A New Banking Paradigm?

By: Boris Vallée and Yao Zeng
Marketplace lending relies on large-scale loan screening by investors, a major deviation from the traditional banking paradigm. Theoretically, participation of sophisticated investors in marketplace lending improves screening outcomes but also creates adverse... View Details
Keywords: Marketplace Lending; Screening; Sophisticated Investors; Adverse Selection; Financing and Loans; Performance; Information
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  • 28 Mar 2018
  • Research & Ideas

Sophisticated Investors May Be Harming Fintech Lending Platforms

iPhoto Marketplace lending platforms such as LendingClub and Prosper have made significant competitive inroads against traditional banks in recent years by bringing together people who want to borrow with... View Details
Keywords: by Dina Gerdeman; Banking; Financial Services
  • September 2017 (Revised June 2019)
  • Case

Dianrong: Marketplace Lending, Blockchain, and 'The New Finance' in China

By: Christopher J. Malloy, Lauren H. Cohen and Anthony K. Woo
This case examines the strategic positioning of Dianrong, one of the largest online peer-to-peer (P2P) lending platforms in China, in its attempt to become a foundational player in the expansion of the FinTech sector in Asia. Dianrong had recently announced the... View Details
Keywords: Financing and Loans; Internet and the Web; Supply Chain; Finance; Innovation and Invention; Competition; Product Positioning; Strategy; Financial Services Industry; China
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  • March 2020 (Revised April 2020)
  • Case

CarTrade

By: Rajiv Lal and Shreya Ramachandran
Vinay Sanghi, the founder and CEO of CarTrade, had been trying different business strategies to keep the company, which he founded in 2010 as an online marketplace for used and new cars, profitable and on track for growth. In a crowded and disorganized dealer... View Details
Keywords: Online Marketplace; Automobiles; Customer Base; Internet and the Web; Growth and Development Strategy; Business Model; Financing and Loans; E-commerce; Digital Platforms; Digital Marketing; Auto Industry; Retail Industry; India; Mumbai
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  • Article

Analyzing Scrip Systems

By: Kris Johnson, David Simchi-Levi and Peng Sun
Scrip systems provide a nonmonetary trade economy for exchange of resources. We model a scrip system as a stochastic game and study system design issues on selection rules to match potential trade partners over time. We show the optimality of one particular rule in... View Details
Keywords: ＂Repeated Games＂; Stochastic Trust Game; Dynamic Program; P2P Lending; Scrip Systems; Artificial Currency; Non-monetary Trade Economies; Marketplace Matching; Currency; Operations; Game Theory
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  • 19 Mar 2015
  • News

Startup Raises $40M to Keep Small Businesses’ Cash Flowing

  • Article

Network Effects Aren't Enough

By: Andrei Hagiu and Simon Rothman
In many ways, online marketplaces are the perfect business model. Since they facilitate transactions between independent suppliers and customers rather than take possession of and responsibility for the products or services in question, they have inherently low cost... View Details
Keywords: Digital Platforms; Competition; Internet and the Web; Network Effects; Market Participation
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    Network Effects Aren’t Enough

    In many ways, online marketplaces are the perfect business model. Since they facilitate transactions between independent suppliers and customers rather than take possession of and responsibility for the products or services in question, they have inherently low cost... View Details

    • 14 Aug 2014
    • Working Paper Summaries

    The State of Small Business Lending: Credit Access During the Recovery and How Technology May Change the Game

    Keywords: by Karen Mills & Brayden McCarthy; Banking; Financial Services
    • 20 Sep 2016
    • First Look

    September 20, 2016

    https://www.hbs.edu/faculty/Pages/item.aspx?num=51607 Designing Online Marketplaces: Trust and Reputation Mechanisms By: Luca, Michael Abstract—Online marketplaces have proliferated over the past decade, creating new markets where none... View Details
    Keywords: Sean Silverthorne
    • 07 Oct 2014
    • First Look

    First Look: October 7

    Reserve's Tenth Annual Report of 1923. The three principles I focus on are 1) the discouraging of speculative lending by commercial banks, 2) the desire to meet the credit needs of business, and 3) the preference of a focus on credit over... View Details
    Keywords: Sean Silverthorne
    • 16 Dec 2014
    • First Look

    First Look: December 16

    School Case 415-029 Carla Ann Harris at Morgan Stanley No abstract available. Purchase this case: https://cb.hbsp.harvard.edu/cbmp/product/415029-PDF-ENG Harvard Business School Case 214-046 Lending Club: Time to Join? No abstract... View Details
    Keywords: Sean Silverthorne
    • Web

    Podcast - Business & Environment

    designed to accelerate reforestation after wildfires, shares his perspective on the landscape of nature-based carbon removal solutions and how DroneSeed has developed a business model to address both climate and financial risk. He also discusses how his venture capital... View Details
    • 14 Nov 2017
    • First Look

    New Research and Ideas: November 14, 2017

    experts to discuss how researchers can impact a broader audience, by lending their scientific expertise to pressing social issues, current events, and public debates. The landmark Brown v. Board of Education case, in which the Supreme... View Details
    Keywords: Carmen Nobel
    • 12 Feb 2020
    • Blog Post

    Trying Out New Career Options with SIPs (Short Intensive Programs)

    transactions. In this short intensive program, faculty will evaluate innovative strategies to create new marketplaces and opportunities, examine the key challenges in competing with large incumbent firms, and show how incumbents can... View Details
    • 17 Jan 2019
    • Blog Post

    MBA Curriculum Spotlight: Short Intensive Programs (SIPs)

    will evaluate innovative strategies to create new marketplaces and opportunities, we will examine the key challenges in competing with large incumbent firms, and how incumbents can defend their market shares. We are going to discuss... View Details
    • 22 Sep 2014
    • Op-Ed

    Online Banks Fill Funding Needs for Small Business

    scale, these alternative players have the potential to fundamentally change the way in which small businesses access capital, creating greater competition, price transparency, and a better customer experience. Emerging online players are pushing innovation within the... View Details
    Keywords: by Karen Mills; Banking; Financial Services
    • 30 Nov 2016
    • Op-Ed

    Where Could More Regulation Help Small Businesses? Online Lending.

    services where commonsense regulation is welcome and needed: online lending to businesses. Over the last few years online business lending has exploded. Dozens of “financial technology” (fintech) players... View Details
    Keywords: by Karen Mills and Brayden McCarthy; Financial Services
    • 05 Apr 2011
    • First Look

    First Look: April 5

    Founded in 2004 in California, oDesk operates an online marketplace that matches Employers with Contractors. oDesk provides fact-based information on Contractors, including experience, skills, and certifications, to Employers who use this... View Details
    Keywords: Sean Silverthorne
    • 14 May 2013
    • First Look

    First Look: May 14

    Gap? Government Subsidized Lending and Access to Capital By: Lerner, Josh, and Kristle Romero-Cortes Abstract—The consequences of providing public funds to financial institutions remain controversial. We examine the Community Development... View Details
    Keywords: Sean Silverthorne