MS 16 entered in partnership with P2P conference with a clear message: “We must work together to increase transparency in the P2P lending industry!”.
Transparency is something that the financial service sector has long been lacking. In fact, peer-to-peer lending rose to prominence on the back of a loud public call for more transparency and less corporate greed. Traditional P2P marketplace lending has transparency at its core.
Recently, however, many P2P platforms have started moving away from this model to a model more akin to a managed fund, arguably a move away from transparency.
Why has this shift away from transparency occurred? Is the change being driven by consumer demand for change, or by the platforms themselves, as part of their own business growth strategies?
These and others are the topics discussed in the P2P conference in Riga.