The P2PL model involves benefits for customers when it comes to convenience.
In the same time, P2PL additionally poses major risks to any or all the parties involved – that is, customer loan providers, customer borrowers, and platform operators (European Banking Authority 2015a). In today’s context, the potential risks to consumer lenders and borrowers whom utilize the services of a platform deserve unique attention. Customer lenders may lose the total amount lent after either the customer borrower’s or even the platform’s standard (European Banking Authority 2015a, pp. 2-14; Macchiavello 2017). Continue reading »