Internet social lending emerges as potential bank rival – Banking Business Review

 Interesting results of a survey in UK suggesting surprisingly large percentage interested in social lending.  Less surprising is that few believe Banks act in their best interest.  That’s a sad statement.

27th November 2006 By Clare Watson A survey by the Social Futures Observatory has found that 74% of Britons would consider online social lending, a service where people who wish to borrow money are put in touch with those who wish to lend it, as a serious alternative to their high street bank.

The survey also revealed that only 15% of those questioned believe the main aim of their bank to be providing good financial services to customers.

Source: Internet social lending emerges as potential bank rival – Banking Business Review

 

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