No Banks Needed: How P2P Lending Is Turning The Business of Loans Into Something Personal

No bank required how peer-to-peer is changing the lending landscapeFrom www.edition.cnn.com -

"You can get actually a better deal by looking at people around you, looking at your community," says Soul Htite, the founder and CEO at Dianrong, a peer-to-peer lending company based in Shanghai.

Acting as a broker between lenders and borrowers, peer-to-peer lenders say they can offer a better rate to both sides without the weight of regulation and the expensive branches that typically make high street banks so cautious.


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