Comments on: Platform vs market logic, applied to P2P Lending http://thebankwatch.com/2008/08/23/platform-vs-market-logic-applied-to-p2p-lending/ Tracking the evolution of financial services Sat, 26 May 2012 18:05:32 +0000 hourly 1 http://wordpress.com/ By: Simon Deane-Johns http://thebankwatch.com/2008/08/23/platform-vs-market-logic-applied-to-p2p-lending/#comment-25816 Wed, 27 Aug 2008 20:28:45 +0000 http://bankwatch.wordpress.com/?p=2414#comment-25816 Very interesting to explore all this, but as I try to explain more fully in my blog, I don’t think there’s all that much in Umair’s piece, and Apple and Facebook seem interchangeable – leading me to think they are more similar than different. I prefer O’Reilly’s explanation that successful Web 2.0 businesses are based on an “architecture of participation”.

]]> By: Colin http://thebankwatch.com/2008/08/23/platform-vs-market-logic-applied-to-p2p-lending/#comment-25806 Tue, 26 Aug 2008 04:38:38 +0000 http://bankwatch.wordpress.com/?p=2414#comment-25806 Thanks Ron … actually I had trouble with this post. Knew what I wanted to say, but it didn’t come out as I had hoped, and you have summed it up really well. Thanks!

]]> By: Ron Shevlin http://thebankwatch.com/2008/08/23/platform-vs-market-logic-applied-to-p2p-lending/#comment-25805 Mon, 25 Aug 2008 13:26:16 +0000 http://bankwatch.wordpress.com/?p=2414#comment-25805 Thanks for pointing this out, Colin. The ramifications of “platform thinking” extend to the entire banking industry, not just p2p lending.

Platform thinking is at the heart of the whole “supermarket” approach to banking consolidation that has gripped the industry for the past 10-20 years.

By positioning platform thinking in opposition to market-thinking, it suggests that a bank can’t truly be customer-centric as long as it pursues a proprietary supermarket approach to product delivery.

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