Written by David Bholat
on Tuesday, 27 September 2016.
Peer-to-peer (P2P) lending — direct lending between lenders and borrowers online outside traditional financial intermediaries like banks — first emerged in the United Kingdom and the world with the launch of Zopa in 2005. Our paper provides a quantitative analysis of nearly 14 million loan agreements. We lay bare the history of P2P lending from its beginning, showing the regional geography of P2P lending in the United Kingdom. We suggest that the history of P2P lending can shed light on financial innovation in general. We base our conclusions on four semi-structured interviews with the founders of the three most significant UK P2P platforms (Zopa, RateSetter, and Funding Circle).
Written by Credit Suisse
on Wednesday, 20 April 2016.
Thousands of new business models are sprouting up in the finance industry; investors are betting billions on the Fintech scene. While it may be surprising at first glance, traditional banks are among those profiting from this transformation.