Crowdsourcing customer loans can bolster company development and lower criminal activity

Crowdsourcing customer loans can bolster company development and lower criminal activity

That’s (type of) the idea behind peer-to-peer financing.

“It originally developed with households being looking for loans that are unsecured financed by other households. That’s all it really is: crowdsourcing customer loans,” said William Bazley, assistant teacher of finance in the University of Kansas.

Inside the new article, “The Real and personal aftereffects of on line Lending,” Bazley examines the fledgling industry, analyzing data that reveals why this contemporary method of borrowing is proliferating. He recently won the prize for Best Paper on FinTech in the Northern Finance Association meeting in Vancouver.Continue reading