Crowdsourcing customer loans can bolster company development and minimize criminal activity

Crowdsourcing customer loans can bolster company development and minimize criminal activity

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

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

In the brand new article, “The Real and personal outcomes of on line Lending,” Bazley examines the fledgling industry, analyzing information that reveals why this contemporary method of borrowing is proliferating. He recently won the honor for Best Paper on FinTech in the Northern Finance Association seminar in Vancouver. Continue reading “Crowdsourcing customer loans can bolster company development and minimize criminal activity”