The number of peer-to-peer lending platforms is growing. Karl Flinders examines the reasons behind this trend. A study by the Centre for Alternative Finance at University of Cambridge’s Judge Business School and professional services organisation EY is cited in the article. The study found that the European online alternative finance market grew by 144 per cent last year to nearly €3 billion and could top €7 billion in 2015 and is close to becoming mainstream in Europe and UK.
Read the full article [computerweekly.com]