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Banks to loose 10% market share to social lending by 2010?

Consultancy Gartner predicts that: "By 2010, social-banking platforms will have captured 10% of the available market for retail lending and financial planning". Not surprisingly Zopa is happy about that forecast. I think this is an over-optimistic outlook but James Gardner of BankerVision (working at Lloyds TSB bank) who also thinks it is aggressive points to the example of Paypal, which has been underestimated years ago. A more supportive view comes from Antony Mayfield while taking Zopa as example.

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This entry was posted on Thursday, February 21st, 2008 by wiseclerk at 10:45 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Banks to loose 10% market share to social lending by 2010?”

  1. El Santander se mueve Says:
    September 9th, 2008 at 1:14 am

    [...] El 10% del los prestamos en 2010 lo realizarán aplicaciones P2P [...]

  2. P2P-Banking.com » Review of peer to peer lending developments in 2008 Says:
    December 22nd, 2008 at 9:35 am

    [...] Gartner predicts that by 2010 social lending captures 10% market share; p2p lending in Poland takes off; IOUcentral launches in Canada - only to be suspended by regulator [...]