POSTS FROM PAST WEEK
Originally, if a loan received too many bids (overbid), Bondora would rank the bids based on size. As a result, some investors got their entire bid accepted while others were left out. Now, we’re changing the method to be more inclusive to all bidders. Read our post to find out why.
Banking Technology published an article covering US Fintech regulation.
Transparency Market Research cited China, India, Japan, and Australia as major P2P growth areas particularly in small businesses.
The Sydney Morning Herald discussed a growing trend of consumers who are ignoring high interest credit cards and choosing P2P finance when it comes to bigger purchases.
PRWeb explained that investing analytics site OFF3R reported that over £40 million was invested in Equity Crowdfunding platforms in the UK last month.
Peer2Peer Finance News reported that the head of the British Business Bank remarked on the gradual impact P2P is having on the banking world.
Here we looked at the role of banks as more loan seekers turn to P2P for fast, easy and inexpensive loan options. Traditional banks will need to find new ways to remain competitive as the marketplace lending industry grows to an estimated value of $897 billion by 2025.