The Bankwatch

Tracking the evolution of financial institutions

Quote | "I am becoming a banking institution, $100 at a time"

Great quote from an active lender with Prosper, now looking at the Zopa opportunity in the US. 

I am becoming a banking institution $100 at a time

Source: Zopa Planning a National Roll-out? « Change Is Good

 

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Written by Colin Henderson

Friday, 20 April 2007 at 16:18

Posted in Social Lending

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3 Responses

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  1. I loved Chris Larsen’s quote yesterday that both borrower and lender see the same rate. So simple, but somehow with that statement the penny dropped a little farther.

    William Azaroff

    Friday, 20 April 2007 at 20:04

  2. @William – Thats key … I use that all the time – spread is eliminated!

    Colin

    Saturday, 21 April 2007 at 23:55

  3. I agree 100% with Chris. Seing the same rate for both the consumer and the bank is key. Not only does it reduce spread but Transparency brings Trust.

    Great presentation at Net.Finace Colin!

    Martin

    Sunday, 22 April 2007 at 15:26


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