The Bank of Facebook – Are Bank Execs Worried?

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.

Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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