Peer-to-peer lending has continued to grow rapidly across Europe as interest rates at traditional banks drive lenders in search of better returns. Platforms have scaled to exploit the opportunity, and refined their propositions by improving credit assessments and other lending processes. - Peer-to-peer lending platforms - Investors in those platforms - Advisors including consulting firms, investment banks, lawyers and accountants - Banks and other parties operating savings accounts and consumer / small business loans. The European Central Bank (ECB) is currently conducting a pilot project with peer-to-peer lenders, which will see them offer loans for small businesses that are not eligible under existing banking regulations.
Peer-to-peer lending has continued to grow rapidly across Europe as interest rates at traditional banks drive lenders in search of better returns. Platforms have scaled to exploit the opportunity, and refined their propositions by improving credit assessments and other lending processes. The European Central Bank (ECB) is currently conducting a pilot project with peer-to-peer lenders, which will see them offer loans for small businesses that are not eligible under existing banking regulations.