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Roundup of Social Lending News – July 16, 2011

July 16, 2011 By Peter Renton 2 Comments

Views: 1

Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week.

This was another quiet news week as it seems like half the country is on vacation. My favorite article of the week was not even about p2p lending per se. One of the thought leaders on finance and banking, Brett King, penned a fascinating article about the disruption of retail banking on Finextra.

Finextra – The Total Disruption of Retail Banking – Part 3

ABC7News – Small business owners embrace peer-to-peer lending

Debt Free Adventure – Successful Peer to Peer Lending Investing

TheStreet.com – Lending Club Sets Record With $20 Million In Personal Loans Issued In June

Filed Under: News

Views: 1

Comments

  1. Arpan Dasgupta says

    August 22, 2011 at 10:55 am

    Peter,

    The biggest road-block for P2P lending growth is whether the intermediators can ensure true risk management – especially after the market size is large enough to catch the eye of the fraudsters, and high risky folks who are smart enough to game the system.
    When true risk mgmt is in place, we should really expect the market to explode.
    I am in the industry, would like to catch up if you are based out of NY by any chance.

    cheers,
    Arpan

    Reply
  2. Peter Renton says

    August 22, 2011 at 1:44 pm

    @Arpan, I think the senior management at Lending Club and Prosper would argue that they have excellent risk management in place already. I really don’t think that is the issue. It is one of perception. Most people have never heard of p2p lending, once it becomes part of a financial advisor’s arsenal and gets regular commentary in the mainstream financial press then I think it will explode.

    Would love to catch up some time although I am rarely in NY. Drop me a line through the contact form here and I we can setup a time to chat.

    Reply

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LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

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