If you’re an investor in Lending Club, you likely recently received an email about Lending Club’s new REST API.  If you aren’t familiar with the term API, it basically allows third parties to create a computer program that connects to your Lending Club account.  The most important function is the ability to submit investment orders on your behalf, but the new API will allow these third parties to access additional data.   Regular readers know that I’m a big proponent of automated investing - in particular those services offered by third parties.  The changes to the new API will have a positive effect on the third party tools as well as your user experience.  Below, I provide some additional thoughts as well as those from a developer at LendingRobot. [Read more…]