2014 was a great year for P2P lending highlighted by LendingClub’s IPO. But the market may only be getting started with its best days ahead in 2015.
Then there is SoFi, preparing to make $1 billion in mortgages available and to streamline the costly, time-consuming, paper-intensive home buying process.
Why Peer-to-Peer Lending Is Comparable To Options Trading
There was a time when people happily used chickens, pigs, or a nice pile of lumber as payment for a cow, some clothes, or anything else of value. And then some smart people got behind a breakthrough—they introduced currency.
Banks are too slow with digital transformation and they’re no competition for direct lending and market lending platforms. They need to change, says Auke Douwe Veenstra.
Barclays’ chief executive Antony Jenkins has warned that the banking sector has yet to feel the “full disruptive force of technology” that has rattled other consumer-facing industries.
A new wave of websites springing up online look to help savers looking for a good return by matching them with the best individual companies or borrowers in “peer-to-peer” lending, creating a mutually beneficial scenario with interest of up to 6%.