SOURCE: Orchard Platform

March 15, 2016 07:00 ET

Orchard Platform's First Partner Forum to Focus on Shaping the Future of Marketplace Lending

Tom Glocer of Angelic Ventures, Noah Breslow of OnDeck to Join Orchard Executives

NEW YORK, NY--(Marketwired - Mar 15, 2016) - Orchard Platform, the leading technology and data provider for marketplace lending, today will hold its inaugural Orchard Partner Forum, a gathering of executives from companies that are shaping the future of finance. The event will focus on the opportunities presented by marketplace lending for borrowers, lenders and investors, the challenges facing the industry and the requirements for building a stable and successful future.

The Partner Forum's gathering of industry leaders will include Tom Glocer, former CEO of Thomson Reuters and founder and managing partner of Angelic Ventures, as well as some of the dominant stars of marketplace lending such as Noah Breslow, CEO of OnDeck, and Ron Suber, president of Prosper Marketplace. They will join Matt Burton, Orchard's CEO and Co-Founder, and other Orchard executives to discuss the changing nature of credit, the challenges the industry is facing and changes the industry should expect in the coming year.

"Orchard is focused on supporting transparent and frictionless transactions in the primary and secondary markets for marketplace funded loans," said Matt Burton. "In order for marketplace lending to scale and capitalize on the opportunity to satisfy the needs of borrowers, origination volume must increase radically and lenders will need access to a very large and liquid pool of capital. Orchard understands originators' data, how investors use it, and how to create opportunities for the two parties to transact with increased operational efficiencies."

"Because we sit at the center of lending, between loan originators and institutional investors, Orchard is in a unique position to see, interact and understand both sides of the market. We believe deeply that it's important to come together as a group to join in frank discussions about the forces that are at work in the industry," said David Snitkof, Chief Analytics Officer and Co-Founder of Orchard. "We look forward to working with our partners and in conjunction with the entire industry to pursue these opportunities and support a vibrant future for the world of credit to come."

About Orchard
Orchard is the leading provider of technology and data to the marketplace lending industry, powering the interaction between institutional investors and loan originators. Founded in New York City in 2013, Orchard's mission is to build the systems and standardize the data that will allow marketplace lending to efficiently grow into a global financial market. Orchard provides products and services to investors that enable them to understand, access, and execute marketplace lending investments, including Market Data & Research, a powerful Order Management System, and detailed Reporting & Analytics. Orchard offers originators access to a diverse group of institutional investors who use Orchard to purchase marketplace lending assets. A single integration using Orchard's proprietary approach to data standardization enables end-to-end marketplace support covering Investor Awareness, data-driven Market Insights and seamless Data Management. Orchard has been named to Forbes Next Billion Dollar Startups list, produces the Orchard US Consumer Marketplace Lending Index -- the only industry wide benchmark distributed on the Bloomberg Professional service -- and is recognized for its technical and analytical thought leadership as explored on its blog.

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