Deloitte report on peer-to-peer lending |Business Insider


Deloitte just trashed the hype around the online lending industry.

The accountancy and consultancy practice has done a deep dive on the online lending industry, and its conclusions should make for devastating reading for anyone connected to the sector.

Deloitte concludes that marketplace lenders, more commonly called peer-to-peer lenders in the UK, “are unlikely to pose a threat to banks in the mass market,” according to Neil Tomlinson, Deloitte’s head of UK banking. The report concludes that the platforms “will not be significant players in terms of overall volume or share.”

Read More

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s