How P2P Lending is Reshaping the Financial Landscape?
P2P lending has transformed the financial landscape by allowing direct borrowing and lending to individuals without any traditional financial intermediary. It extends access to credit and presents an attractive return on investment. P2P lending services act as an intermediary which connects borrowers with potential lenders. Borrowers apply for the loan on the platform through which lenders can choose their loans to fund. The risk rating of the borrowers is computed by the platform through their credit history and other variables. A surge in technological advancements, low market risk, and less operating costs are contributing to the growth of the peer-to-peer lending market . Innovative evolutions streamlining the lending process Digitization is the core strategy in financial services that enables an improvement in consumer services and provides insight. P2P lending is one alternative innovat...