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Social Lending P2 P (2) (1)
1. P2P – Social lending The next frontier Sriram Natarajan Consumer Credit Professional
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4. Banking 2.0: technologies & trends SOCIAL MEDIA WEB 2.0 RSS Podcasts Photo / Video Sharing Widgets Micro Blogging Customer Reviews Blogging Social Networking Virtual Worlds Predictive Markets P-to-P Lending Online charity
5. The Future of Online Finance Source: coverage of FinovateStartup on www.Visible- Banking . com (April 2008)
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9. Internet competent Financially savvy Stimulated by risk-taking “ Mini-preneur ” Desire control, uniqueness and autonomy Niche Mass Social lending snapshot
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16. P2P Platform focused on Pillars of P2P lending Portal Social network White label Risk management Verifications Credit rating Lender Consumer confidence Return Safety Security Borrower Pricing Flexibility Convenience Anonymity Choice
21. Top of the mind concerns on P2P Collections Credit losses Fraud Regulatory overview Acceptance Data protection
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Editor's Notes
Emerging markets are often submerging markets!
PD is the percentage chance that an account will move to default status. LGD is the economic loss after all factors such as realisation of security,legal,administrative costs,cure rates expressed as a percentage of the exposure at default.
Customer Base Salary project: Withdrawing cash from ATM’s only, the payment function is not used (Russia) Lack of education in use Outsourcing: From banks to third parties (e.g. to First Data) Co-branding: Large presence (GE through its DeltaBank acquisition has an IKEA branded card) Card Usage Consumer confidence to use cards – young population wishing to use cards Loyalty schemes: Discounts on annual fees: Hungary,Romania – tiers of fees depending on how many transactions per year Infrastructure Development Risk management tools: Verification systems: required Revolving credit: being encouraged Fraud prevention: EMV uptake and the liability shift starts in January 2006 for Eastern Europe (scale of investment required is huge) Figures from the European Payments Council suggests that conversion to EMV in Eastern Europe is non-existent and is only just beginning EMV is however being widely accepted in the Baltic states (Latvia, Lithuania, Estonia) Other important issues Largely debit issuing Markets are far from universal, interbank organizations such as BKM in turkey undertake payment related functions on behalf of their member banks (these functions vary considerably by organization and country) In some countries certain functions are undertaken by the domestic interbank organizations but some are done by individual banks or by the international schemes (each therefore have their own rules – a frustration for issuers and acquirers with pan-European strategies) Problems caused by the ECB: the euro has not been that successful (no economic reform or higher living standards) as each new country enters will it improve or not? The ECB has continually pushed to keep a lid on inflation, stifling growth