Fintech is revolutionizing the traditional businesses. Lets, look at lending which was traditionally done by banks and financial institutions, the Lending club which has become the change of face in the industry. The way it operates is enabled borrowers to create unsecured personal loans between $1,000 and $40,000.\u00a0 Investors can search and browse the loan listings on Lending Club website and select loans that they want to invest in based on the information supplied by the borrower, amount of loan, loan grade, and loan purpose. Investors make money from interest. Lending Club makes money by charging borrowers an origination fee and investors a service fee.<\/p>\n
My view about this it is a welcome move as people are getting an alternative source of funds for their needs. When we look at the three companies business models Amazon, Uber, and Lending club all three are just acting as intermediaries. They just provide a system where supply meets demand. Having said that it could not\u00a0replace traditional banking system as it provides a safe ecosystem for a multitude of services like home loan, a business loan which can’t be provided by P to P lending.<\/p>\n
<\/p>\n
References: http:\/\/www.businessinsider.com\/the-us-fintech-regulation-report-2017-2<\/p>\n
https:\/\/en.wikipedia.org\/wiki\/Lending_Club<\/p>\n","protected":false},"excerpt":{"rendered":"
Fintech is revolutionizing the traditional businesses. Lets, look at lending which was traditionally done by banks and financial institutions, the Lending club which has become the change of face in the industry. The way it operates is enabled borrowers to create unsecured personal loans between $1,000 and $40,000.\u00a0 Investors can search and browse the loan … Continue reading How Fintech is changing the landscape of lending business<\/span><\/a><\/p>\n","protected":false},"author":1842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-637","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"vvanama","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/vvanama\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"Fintech is revolutionizing the traditional businesses. Lets, look at lending which was traditionally done by banks and financial institutions, the Lending club which has become the change of face in the industry. The way it operates is enabled borrowers to create unsecured personal loans between $1,000 and $40,000.\u00a0 Investors can search and browse the loan…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1842"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=637"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/637\/revisions"}],"predecessor-version":[{"id":638,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/637\/revisions\/638"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}