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By 2013, P2P lending will soar at least 66 per cent to $5 billion of outstanding loans | Gartner

with 3 comments

Gartner offer commentary on the state of innovation within the financial services arena here.

What caught our attention is the comment on P2P Lending as that is the space we are obviously interested in. This is the first recent comment on growth potential for peer-to-peer lending since the advent of regulation and the resultant adjustment of the peer-to-peer business model.

Here is the quote from their report summary.

By 2013, P2P lending will soar at least 66 per cent to $5 billion of outstanding loans.

Consumers who lose their jobs can’t get loans to cover periods of unemployment; businesses that encounter trouble due to low demand can’t get credit lines to see them through to recovery. Furthermore, banks are more interested in recapitalising than in lending. Growth in P2P lending will be driven by investors seeking higher returns and borrowers shunning (or being shunned by) banks. Gartner recommends that financial services providers investigate how to partner and collaborate in adding P2P to their existing offerings rather than building their own P2P lending networks.

Written by amwatts

January 6, 2010 at 4:25 am

3 Responses

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  1. I have recently been admitted to very credible medical school in the Caribbean – Saba University. However, I am unable to obtain the line of credit I need from the bank due to a lack of strong enough co-signers. I am hoping that this site can help me obtain the medical education that I’ve been dreaming of!

    Josh Clatworthy

    January 7, 2010 at 7:16 pm

  2. Josh … I understand your dilemma, but this blog has nothing to offer with regard to your issue, as I am sure you can see from the posts.

    Colin Henderson

    January 10, 2010 at 11:14 pm

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