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Credit crunch good news for social lending?

Prompted by the newsletter, Payment News from Glenbrook Partners, I had a look at The Wall Street Journal which ran a fascinating column today.

The
implication is that the lack of credit availability in the USA is
forcing folks to go onto Proper, Zopa and the like to get cash. 

Could
the banking industry’s subprime folly have played directly into the
hands of the new, socially networked, Web 2.0 competition? 

I wonder …

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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