00:00 am, 12 February 2016
New Zealand peer to peer lenders have hit back at criticism by a former British regulator warning a crash in the sector would make "bankers look like lending geniuses"... Neil Roberts, founder of Harmoney - New Zealand's biggest peer-to-peer lender - refuted the claim that its borrowers were made up of banks rejects. "Harmoney has created a prime book which would be the envy of any banking institution." Roberts said borrowers had to go through a tough vetting process including having to verify their income, home ownership and work status.
Read more at NZ Herald.