P2P Lending Market Platform Growth Analysis and Impact Upon Retail Banks' Borrowers

Jun 20, 2016, 08:30 ET from ReportsnReports

PUNE, India, June 20, 2016 /PRNewswire/ --

The report on (Peer-to-Peer) P2P Lending market says P2P platforms have grown exponentially in the last couple of years. Their superior customer experience, speed, and ultimately cost of credit have allowed P2P lending platforms to compete for banks' customer bases directly. P2P lending platforms are not attempting to serve a previously underserved segment of the market, but lucrative creditworthy borrowers. Alternative credit risk models are a key competitive advantage for P2P lending platforms, enabling cheaper cost of credit through more accurate default risk assessment. The more customers P2P lending platforms acquire, the more refined their credit risk models become and consequently the cheaper the cost of credit.

Complete report on P2P Lending market of 13 pages analysis 9 companies is now available at http://www.reportsnreports.com/reports/481972-p2p-lending-responding-to-disruption.html.

Key Findings: P2P lending platforms have a 400-425 basis point advantage over traditional banks in loan origination. Retention of customers who have used a P2P platform before is high, with 75% saying they would approach one again when seeking a loan. Fractional lending and alternative credit risk assessments allow platforms to reduce exposure to default and asses risk more accurately than banks. The domination of institutional investors does pose a risk to the sustainability of some P2P platforms.

The companies mentioned in the report are Prosper, Lending Club, Zopa, RateSetter, Kiva, Banc Alliance, Citi, Giff Gaff and Metro Bank

P2P Lending: Responding to Disruption report is a comprehensive analysis of the rise of Peer-to-Peer consumer lending and its impact upon retail banks' borrowers. The report details the impact of P2P lenders upon banks' deposit bases. The report shows the growth of P2P lending platforms across the globe and highlights which markets are most at risk from disruption. Readers will gain a thorough understanding of the development and evolution of P2P consumer lending over the last decade. In addition, the report focuses on how P2P lending works and how this contributes to the platform's competitive advantage. Lastly the report recommends improvements banks should make to their own business, in addition to highlighting their own strengths in relation to customer lending and how these can be leveraged to compete with P2P lending platforms.

Order a Copy of Report at http://www.reportsnreports.com/purchase.aspx?name=481972. Get 15% Discount on Single User Copy (Offer Available till 1st July 2016).

Reasons to Buy: Identify emerging consumer trends in lending and learn how to re-orientate your business accordingly. Understand the threat posed by P2P consumer lending platforms in your individual market. Learn about the strengths of P2P consumer lending platforms and how they are able to offer customers a superior experience in terms of cost and ease of access. Gain tactical insight into what changes can be made to banks' operations and business strategies. Learn about the focus of P2P consumer lending business and how these platforms are positioning their business for the future.

Another related report is P2P: The Disruptive Potential; New tools and technologies are changing the face of domestic and international payments. This report examines the global P2P market, considering the traditional tools available to consumers in domestic, social P2P payment interactions as well as international money transfers and remittances. The domestic and remittance markets are considered separately in this brief as there are still large differences between the demands of each market and, as a result, the best strategies to adopt in each. Analyzes the major tools in use in domestic P2P and the reasons why these tools are popular. Complete report available at http://www.reportsnreports.com/reports/501418-p2p-the-disruptive-potential-new-tools-and-technologies-are-changing-the-face-of-domestic-and-international-payments.html .

The report identifies key advances in P2P products over the last few years and their impact on the domestic and remittance markets. Considers the position of the traditional incumbents in each market and how well placed they are to avoid disruption by fintech start-ups. Explores the potentially winning strategies that can be adopted by players currently in the P2P market and players looking to enter it.

Explore other new reports on Banking and Financial Services at http://www.reportsnreports.com/market-research/banking-services/.

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