Online lending technology and data provider Orchard Platform has introduced a "Weekly Online Lending Snapchat," that will provide viewers with a weekly summary of online lending data and major players in both quantitative and qualitative analytic form.
Here is a summary of the some of the major indicators the report follows. 1. The Orchard Index, an index designed to measure the performance of direct online lending to U.S. consumers, last read 1,469.58, up from 1,394.96 a year ago. The index tracks the performance of the aggregate amount of loans to consumers originated and funded on U.S.-based online lending platforms. 2. The KBW/Nasdaq Fintech Index, an index that tracks the performance of companies that specialize in combining technology with financial products and services, last read 1,050.45, up from 1,006.83 a month ago. The index was just launched in July of this year. 3. The Liberum/AltFi Financial Disruptors Index (LAFDI) tracks companies that are considered to be disrupting banks and financial services by using new approaches. The index last read 1,802.30, which is down from 2,435.50 a year ago.