//PNGME – Introduction

PNGME – Introduction

Marketplace lending platforms are non-bank financial institutions that match borrowers with  lenders. They leverage technology to evaluate and process loan requests enabling streamlined  loan approvals and origination.     Traditional banks hold customer deposits to finance loans, and the bank’s profit is the delta  between the interest rates that banks pay back their deposit holders and the interest rates they  charge to borrowers. Marketplace lending is unique in that the custodians of the lending  platforms do not take deposits or lend their own capital. Instead, they serve as brokerage firms  that match lenders and borrowers and simply take a fee for operating the lending platform. Marketplace lending has seen rapid growth since the financial crisis of 2008 after which lenders  have been seeking out greater yield on their assets than what can be obtained in depository  institutions or government bonds (US treasury yields are, on average, less than 2.5%). In 2019,  global marketplace lending has already experienced a 27% YoY growth from 2018, reaching  $180 billion and is forecast to reach $290 billion by 2023 .  #Pngme #Pngcoin #PNG #Payments #Blockchain #Crypto #MSME #BTC #fintech #mobilebanking #Banking

Marketplace lending platforms are non-bank financial institutions that match borrowers with  lenders. They leverage technology to evaluate and process loan requests enabling streamlined  loan approvals and origination.     Traditional banks hold customer deposits to finance loans, and the bank’s profit is the delta  between the interest rates that banks pay back their deposit holders and the interest rates they  charge to borrowers. Marketplace lending is unique in that the custodians of the lending  platforms do not take deposits or lend their own capital. Instead, they serve as brokerage firms  that match lenders and borrowers and simply take a fee for operating the lending platform. 

Marketplace lending has seen rapid growth since the financial crisis of 2008 after which lenders  have been seeking out greater yield on their assets than what can be obtained in depository  institutions or government bonds (US treasury yields are, on average, less than 2.5%). In 2019,  global marketplace lending has already experienced a 27% YoY growth from 2018, reaching  $180 billion and is forecast to reach $290 billion by 2023 .  

#Pngme #Pngcoin #PNG #Payments #Blockchain #Crypto #MSME #BTC #fintech #mobilebanking #Banking