Could peer-to-peer lending challenge our banks?

In a recent speech, Bank of England executive director Andy Haldane has said that peer-to-peer (P2P) lending through online sites has the potential to eventually replace old-fashioned banking. It was followed by a recent announcement by the British government that it would channel 100 million pounds to small business through alternative banking channels such as P2P.

via Could peer-to-peer lending challenge our banks?.

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