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Well why not differentiate the product by allowing the bank customers choose where the money is getting invested, kiva-style. And yes, there is a ton of risk th
by steveplace 17y ago
Well why not differentiate the product by allowing the bank customers choose where the money is getting invested, kiva-style. And yes, there is a ton of risk there but it's unique.
- Tichy 17y agoThat seems counterproductive. I give my money to the bank precisely because I don't want to bother with estimating borrower credibility myself. Also, as an individual I can not hedge my risk well enough, because I don't have enough money to spread it out effectively.
- losvedir 17y agoNot a "bank", per se, but exactly what you're talking about: http://www.lendingclub.com/ http://www.lendingclub.com/