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The Bank of Facebook – Are Bank Execs Worried?

March 11, 2011 By Peter Renton Leave a Comment

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A post on Friendfeed earlier today was interesting. I wrote this blog post last year, Will Facebook Become a Peer to Peer Lender, about Facebook’s possible impact on peer to peer lending and now we have this short post from Thomas Power featured in the video below:

every bank in the world waking up to the imminent threat of Facebook peer to peer lending. I am now getting emails daily from around the world from worried bank execs…

Since the video was made in April last year Facebook has increased their membership base by a couple of hundred million people, give or take, so the possibility is even more tantalizing today. Of course, there are no signs of it happening any time soon. But the video is definitely worth a look.

Filed Under: Investing/Lending Tagged With: Facebook

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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.

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