Jon Kibbe and Jahangier Sharifi of Richards Kibbe & Orbe LLP spoke as part of Bloomberg's webinar, "Disintermediation: Peer-to-Peer Lending Versus Traditional Lending".
Peer-to-peer (P2P) lending platforms are evolving quickly, and the entrepreneurs behind the platforms recognize that individuals today are more familiar with computers and cloud storage than with loan officers and savings passbooks and that those same individuals are ready, willing and able to borrow and lend online.
P2P lending is an example of current ﬁnancial innovation that fits within a broad trend of technological disintermediation in the credit and equity markets, including parallel developments in microﬁnance, afﬁnity lending, social lending and crowdfunding. The P2P value proposition is straightforward: facilitate the ﬂow of capital from knowledgeable lenders to qualified borrowers by creating user-friendly, online platforms. The faculty presenting this program will explore the implications of that value proposition.
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