More data required for small biz ABS to thrive
Marketplace lending participants at the Loan Tape Conference in New York said standardized data will be the gateway to opening up opportunities for securitization in the small business lending sector.
Despite the uptick in online loan securitizations, only a handful of deals have been backed by small business loans due to the fragmented nature of the industry. That makes it challenging to aggregate data for securitizations, speakers said at the conference on Tuesday.“The market is fragmented on ...
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