The Digital Disruption in Banking – A New Report from Accenture

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Just a quick one today. I am in New York this week to do some site visits and planning for LendIt 2015. Tonight, I attended the monthly Marketplace Lending Meetup held at the Pave offices that featured a speech and Q&A with Ron Suber, the president of Prosper.

It was another excellent speech with Suber once again emphasizing the important of EAU in marketplace lending – Education, Awareness and Understanding. During the Q&A Suber mentioned this report by Accenture that was released today. It highlights the very different attitude that young people have toward banking and while not mentioning p2p or marketplace lending directly, the point is made that banks will need to adapt to serve this new generation. There is also a press release that accompanied this new report.

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