The P2P revolution: why are banks lagging?

By Greg Elisara. Posted 5 February 2015.

Traditional banks cannot compete with burgeoning Peer-to-Peer (P2P) lending platforms who place community interaction at the heart of the modern lending experience, according to MoneyPlace CEO Stuart Stoyan.

Stoyan said the nature of banking today revolves around a culture of “accepted profits”, arguing there has been no “real innovation” in how customers lend and invest.