While the oldest P2P lending platform is Zopa from England, most of the biggest and fastest growing platforms are based in the US. The huge size of the US and its base of borrowers and lenders is part of the reason why, yet there are a couple things the US is doing for its P2P lending markets that Europe could look to implement to help them grow. Continue reading What Europe Can Learn from US P2P Lending Markets
When you have a burgeoning European alternative finance market originating over 400 million EUR per month, it’s no surprise that governments are paying close attention. So, what are some of the approaches that national authorities have been taking to encourage the sector, and what is the appeal? Continue reading How (and Why) Governments are Encouraging P2P Lending
Banking is necessary, banks are not.
/Bill Gates, Founder of Microsoft/
Bill Gates said this way back in 1994. Banks have only gotten larger, less effective and more out of touch with the communities they are supposed to serve. Banks are such a vital part of the economy that most governments do whatever they can to avoid bank failures and the ripple effects it would cause. The Cyprus bail-in is just one example in Europe and the fall of Bear Stearns investment bank triggering the events that caused the Great Recession in the US is another.
Fintech is incredibly disruptive to the old line ways of doing things and conventional banking. We are going to look at 2 big ways financial services are transforming. Continue reading How Fintech is Changing Financial Services
When it comes to P2P Lending in Europe, the dominant player is the UK, with by far the most platforms, most money invested and the clearest regulatory environment from their Financial Conduct Authority (FCA). While the UK is the biggest market and London the undisputed capital of P2P lending in Europe, the fastest growing region in Europe for alternative finance is in the Baltics. Continue reading Trends in European P2P Lending