DUBLIN, Dec 9, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Peer-to-Peer Lending: UK" report to their offering.
Key Findings:
- By 2018 peer-to-peer lending in the UK could be worth over £5 billion, up from less than half a billion in 2013
- Not everything is as rosy as the industry cheerleaders may suggest, with several platforms closing, never opening or clearly designed to make quick money for owners. Over 50 platforms have closed or failed to launch in the UK. Over 50 platforms are active or preparing for launch, but only one in four are fully authorised by the FCA
- Over the next decade the peer-to-peer industry will grow rapidly and is part of the alternative finance movement that is forcing banks to change some of their ways. But make no mistake, banks are finding ways to make money from peer to peer platforms, such as buying up loan books or providing finance or entering into partnerships
- By 2020 it will be common for businesses and individual to connect with lenders via peer-to-peer websites and market wide platforms. It allows for the lending of money while bypassing traditional banks Returns are financial, but investors also have the benefit of having contributed to the success of an idea they believe in
- Peer to peer lending is a new form of technology driven by a social model. Some platforms are well thought out, others are by techie dreamers with no understanding of regulation, law or banking
- The UK is the European leader in peer-to-peer lending, and on-going regulation has seen a weeding out of platforms. Some have gone broke, others closed, some taken over, and many just faded away
- Most peer2peer platforms are not a bank or other establishment business, so how do they work and how to they make money? Some could not exist without their links to banks and government, so can no longer claim to be alternative or anti-establishment
Peer2Peer lending in the UK provides an up to date and independent analysis of the launch, growth and potential of peer-to-peer lending in the UK. It examines how this once anti-bank offering is linking with banks to fund and sell on loans.
Peer2peer lending is an increasingly popular way of financing projects, business ideas, and personal loans through small contributions from a large number of individuals, and the financial market.
Peer2peer lending is still new and often misunderstood. Regulators are looking a lot closer at the industry and individual platforms, with most platforms still not fully authorised. Peer to peer lending will stimulate change and make business and personal lending quicker, simpler and more transparent.
There is a real opportunity for collaboration between them and banks where they are not in competition with one another. A top peer2peer lender is planning to launch a peer2peerbank. Banks could buy lenders. A social lending platform is being launched.
By 2018 peer-to-peer lending in the UK could be worth over £5 billion, up from less than half a billion in 2013.
Not everything is as rosy as the industry cheerleaders may suggest, with several platforms closing, never opening or clearly designed to make quick money for owners. Over 50 platforms have closed or failed to launch in the UK. Over 50 platforms are active or preparing for launch, but only one in four are fully authorised by the FCA.
Key Topics Covered:
1. Background
2. Regulators
3. Regulators and Peer-to-Peer Lending
4. Trade Bodies
5. Other Organisations
6. Market Size
7. Bank and Platforms
8. Peer-to-Peer Lenders Deals with Banks
9. Peer-to-Peer Lending Overview
10. Peer-to-Peer Types of Loan
11. Future
12. Platforms - Closed, Never Opened or Changed Name
13. Profile of Peer-to-Peer Lending Broker Platform
14. Profiles of Peer-to-Peer Lending Platforms
Companies Mentioned
- ActionCOACH
- Airbnb
- Alternative Business Funding
- ArchOver
- Assetz Capital
- Babergh and Mid Suffolk Councils
- Bank of England
- Bricks Finance
- BridgeCrowd
- British Business Bank
- British Pearl
- BTCPOP
- Cambridge Centre for Alternative Finance
- Campaign for Fair Finance
- CapitalStackers
- Centre for Business and Economics Research
- Coface
- Collateral
- Confederation of British Industry
- Credit Peers
- Crowd for Angels
- Crowd2Fund
- Crowdestates
- CrowdProperty
- Crowdstacker
- Downing Crowd
- Emerging Crowd
- eMoneyUnion
- European Commission
- European Investment Bank
- FairMoney
- FCA
- Federation of Small Businesses
- Financial Ombudsman Service
- Financial Policy Committee
- Flender
- Folk2Folk
- Forum of Private Businesses
- Funding Circle
- Funding Empire
- Funding Knight
- Funding-Tree
- FundingSecure
- GapCap
- Glasgow Chamber of Commerce
- Go2
- Growth Street
- Hargreaves Lansdown
- HNW Lending
- House Crowd
- House of Commons
- Initiative Ireland
- Innovation Hub
- Invest and Fund
- InvestDen
- Katipult
- Kuflink
- Lancashire County Council
- LandBay
- LandlordInvest
- Lending Works
- LendingCrowd
- LendInvest
- Madiston
- Metro Bank
- Money Advice Service
- Money and Co
- Money Circles
- Money Platform
- MyAzimia
- National Audit Office
- NatWest
- NurtureMoney
- Octopus Choice
- OFF3R
- Office of Fair Trading
- Orca Money
- Orchard Lending Club
- Pariti
- Peer Funding
- Peer-to-Peer Global Investments
- PRA
- Prodigy Finance
- Proplend
- Prudential Regulation Authority
- PwC
- QuidCycle
- RateSetter
- RBS
- Rebuildingsociety
- Relendex
- Sage
- Santander
- Saving Stream
- Scottish Enterprise
- Stratosphere
- SyndicateRoom
- ThinCats
- Unbolted
- University of Huddersfield
- Unshackled
- Victory Park Capital
- Welendus
- Wellesley and Co
- Zoopla
- Zopa
For more information about this report visit http://www.researchandmarkets.com/research/l8c626/peertopeer
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