ABA Banking Journal | June 24, 2016
“Lending is a fundamental franchise of the banking industry, but in the last few years a growing number of nonbank financial technology, or fintech, companies have taken a sledgehammer to that pillar. Dubbed “marketplace lenders,” these companies are building digitized, streamlined platforms and captivating investors who see a huge opportunity to turn traditional lending on its head. For many banks it’s been a startling call to action that—perhaps surprisingly—has also given rise to some innovative partnerships with those very same disruptors.”
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