Peer-to-peer lending: Coming soon to a bank near you?

Imagine the New York City taxi commission sponsoring the next cohort of Uber drivers. That's the rough equivalent to what happened this week in Israel when Bank Leumi announced it will soon launch a peer-to-peer (P2P) lending service. Retail banks worldwide have cast a wary eye on P2P lending since sector pioneers Prosper and Lending Club – which went public on the NYSE last year – demonstrated the huge potential of […]

Source: PandoDaily