Banks, which have traditionally worked as the intermediaries between lenders and borrowers, are increasingly at risk of being disrupted. As more people choose the digital marketplace, the greater the potential for the industry to reshape – which is something today’s leaders cannot afford to ignore.
Idea 4 of Oliver Wyman’s Ten Ideas examines how digital marketplace lending has the potential to reshape and disrupt the retail banking industry as it stands today.
Through innovations in technology, digital lending marketplaces have recently grown in legitimacy and adoption. Banks, which have traditionally worked as the intermediaries between lenders and borrowers, are increasingly at risk of being disrupted. As more people choose the digital marketplace, the greater the potential for the industry to reshape – which is something today’s leaders cannot afford to ignore.
Idea 4 of Oliver Wyman’s Ten Ideas examines how digital marketplace lending has the potential to reshape and disrupt the retail banking industry as it stands today.
Lending Then and Now
Borrowers can bypass banks on the marketplace.
