Here's how online lenders figure out whether you're a good borrower

Online lenders operate in a different realm than that of traditional banks, and big data is a big part of that. Speaking at The Economist's Buttonwood conference in Midtown Manhattan on Tuesday, Lending Club CEO Renaud Laplanche explained the factors that went into determining creditworthiness online. "We don't know what our customers look like," Laplanche said at the event. Speaking with Business Insider after his on-stage appearance, Laplanche said determining the fraudulent applicants from th...