A new benchmarking report from The University of Cambridge and EY has assessed the state of play of alternate finance across the EU and found that despite the various hurdles P2P platforms faces outside the UK, in countries where platforms operate in the EU they are thriving and like in the UK P2P business lending is rapidly catching up with P2P consumer lending.
Sam Ridler executive director of P2PFA said:
” This report shows the potential of P2P lending to disrupt traditional oligopolies and bring diversity of Financial services to businesses and consumers.
As more countries come to recognise the benefits of P2P Finance we hope to see greater expansion across the EU and for regulators to look to the UK for a proportionate approach to the sector”
To see full detail of report please see: http://www.jbs.cam.ac.uk/index.php?id=6481#.VOrr2inZz8k