ABLRATE will soon be offering its investors more easily accessible, in-depth data on its website, to reassure them about the health of the platform.
The asset-backed peer-to-peer lender said that it is making “radical changes”, both to comply with the incoming regulation changes on 9 December and to “excel in having the best P2P platform available”.
The firm said that a key area of focus for the website overhaul is the risk management and statistics pages.
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“We understand with recent news of P2P platforms failing that lenders want to make sure that Ablrate and its loans are in good health, this is where the statistics page will come in,” the firm said.
“This page will provide a range of information from the simple stats found on the current homepage to more in-depth breakdowns on defaulted loans and the average returns.
“Notifications will also be displayed in a better format in a news section so that nothing is missed, and you are up to date with all loans you are invested or just interested in. We want to be as transparent as possible to our lenders and the more useful information we provide the better.”
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Ablrate is introducing new, customisable dashboards for investors, which will give them convenient access to information such as earnings growth or a breakdown of the secondary market.
It said it will also provide customers with risk management and earnings data, for their personal portfolio and for the platform as a whole.
“This can help users get a better picture of their investments and the performance of Ablrate without needing to export data and produce their own tables and charts in third party programmes,” it said.
Ablrate said it is aiming to launch the revamped website by 9 December to coincide with the regulation changes, but it may take a little longer as it is testing it extensively.