Peer-to-peer or marketplace lending has become one of the phenomena of the early 21st century, with service providers like eBay, Uber and Airbnb revolutionising the way business is done in their respective spheres.
When the financial crisis of 2008 exposed the weaknesses of the traditional banking system and destroyed consumer trust, the way was paved for a new way of thinking and alternative finance providers seized the opportunity to enter the space.
This white paper provides an overview of the state of marketplace lending, including a sample case study taken from a more in-depth Lafferty Group report, The P2P Threat to Retail Banking, which offers additional analysis of conditions in key markets worldwide, including the US, UK and China — the global leaders in marketplace lending — as well as platforms of note in Australia, Argentina, Canada, New Zealand, South Africa and other key markets in Europe and the Middle East.
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