BALTIMORE (PRWEB) March 15, 2017 -- Ninety percent of those involved in the burgeoning marketplace lending industry anticipate an increase in traditional bank and marketplace lender partnerships in 2017, eOriginal, Inc., the expert in digital transactions, today announced as part of the results of a survey conducted at last week’s LendIt USA 2017 Conference in New York.
The increasing convergence of traditional and marketplace lenders was a sentiment echoed by Prosper President and eOriginal Advisory Board Member Ron Suber in his keynote at the conference. According to survey respondents, the anticipated growth in partnership was despite the ongoing obstacles for collaboration, including technology integration (38 percent) and conflicting goals (27 percent).
Survey takers were also asked to highlight challenges to growth within marketplace lending. The top answers included regulations (47 percent) and access to capital (25 percent). When asked to focus specifically on the adoption of end-to-end digital transaction management solution, participants cited the challenges to be full adoption by partners (31 percent), lack of infrastructure (29 percent), security and privacy concerns (22 percent) and cost (17 percent).
In response to these findings, eOriginal’s President and CEO Stephen Bisbee stated, “Digital transaction management removes the ambiguity from the alternative lending industry, which is comprised of various disruptive, technology savvy game-changers. From an investor perspective, this provides structure post-signature to create a secure, consistent and scalable process that will alleviate risk and remove uncertainty.”
Bisbee noted that it is critical to enhance and extend digital transaction capabilities to more securely manage and transfer loan agreements as financial assets once completed and signed. To support industry-wide adoption, processes must support best practices, promote transparency for funders, investors, custodians, rating agencies, customers and growing needs. As loan volumes increase and new channels of funding are established, digital transaction management, which includes post-signature asset management, is essential.
eOriginal conducted the survey to develop a deeper understanding of the drivers of adoption and the challenges associated with implementing an end-to-end digital transaction management solution. The company surveyed 195 conference attendees, consisting of marketplace lenders, banks and other key industry players.
eOriginal's eAsset® Management Platform provides the maintenance, control and use of critical documents that have an intrinsic value, such as negotiable instruments, in a fully digital environment that has garnered the trust of rating agencies, institutional investors and custodians. The result provides maximum confidence in the entire lending process while also creating valuable efficiencies in moving assets to the secondary market.
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About eOriginal
Founded in 1996, eOriginal is the trusted expert in digital transaction management solutions, specializing in the post-execution management of financial asset documentation. eOriginal SmartSign® and eAsset® Management Services enable an end-to-end solution for fully electronic transactions that must be managed with the highest levels of security and compliance throughout their lifecycle. By treating every transaction as having assets that must be verifiably secure, legally compliant and enforceable, eOriginal provides its customers and partners with eCertainty®. For more information, please visit http://www.eoriginal.com. eOriginal®, eAsset®, eOriginal SmartSign® and eCertainty® are trademarks of eOriginal, Inc. and are registered in the United States or in other jurisdictions.
Sarah Pritchard, eOriginal, Inc. (Prosek Partners for eOriginal), http://www.eoriginal.com, +1 212-279-3115 Ext: 290, [email protected]
SOURCE eOriginal, Inc. (Prosek Partners for eOriginal)
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