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Bloomberg View: Europe weans itself off bank loans

A report produced by the new Cambridge Centre for Alternative Finance at University of Cambridge Judge Business School and professional services organisation EY, estimates that the European online financial market is surging and could reach €7 billion this year. The report includes input from 14 key national or regional industry associations, as well as 255 leading platforms in Europe, to capture an estimated 85 per cent of Europe’s online platform-based alternative finance market.

Read the full article [bloombergview.com]