Standard and Poor’s released a report this week said that the UK peer to peer lending sector is poised for “significant further growth”; the increase in institutional investment and the growing number of securitizations will boost the industry; the report did point out the long standing criticism of peer to peer lending that platforms do not have enough skin in the game; as the platforms mature the risks are declining because ratings agencies have a longer history of performance data. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.