Digital heroic Silicon Valley companies like Lending Club, Zopa, Kiva and Prosper want to put banks

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Digital heroic Silicon Valley companies like Lending Club, Zopa, Kiva and Prosper want to put banks in the history books. Lenders looking to connect directly with debtors without using costly and unnecessary banking services. And they are succeeding ... all over the Internet.
It's called peer-to-peer lending, or lending of point-to-point in Spanish. Works as controversial BitTorrent, where people seeking services digital files (movies, music, books) connects with people that have and want to share. Some go up files, others are downloaded. Very simple.
Well, with the money going pretty much the same. Suppose a lender tca consulting group wants to put $ 20.000 debt interest rate X, eg 3% per annum; What does? Look for one of these companies, your money goes to the network, an algorithm identifies a debtor willing to pay that fee, a connection is made, the money is transferred and tank-so the bank is ipso facto out of the game . The lender and the beneficiary are not known nor is conocerán- but one has something the other needs.
Lending Club, the leader in this emerging market company, has already provided, since it was founded in 2007, connections debt in excess of 4,000 million dollars. The success is that lenders tca consulting group get a lower interest rate higher than normal, and debtors. As there is no intermediary but the transaction is direct, the lender may ask for a little tca consulting group more than you would a bank, but a little less than what a bank would charge the debtor. Briefly, the algorithm directly tied to lenders and borrowers in the margin of banks. The company gets a small commission and everyone wins.
Of course, for the moment, the quid pro quo is risk. A lender does not know who is paying, and companies like Lending Club not responsible for late payment are made: if a borrower defaults, the lender has to take the loss. And that is precisely one of the arguments that banks use to justify their existence.
However, the same technology has decreased the risk of default famous. For example, through solid psychological profiles of debtors, scoring systems to rate the timeliness, diversification options for lenders, and so on. So today, as reported by the company, delinquencies around 4% much less than that of commercial banks (47% on credit cards in the US).
This model is still in the cradle. According to The Atlantic, in the first quarter of 2014, Lending Club recorded a total of 56.557 transactions worth approximately $ 800 million. When compared with 47,000 tca consulting group million JP Morgan Chase-only earned in the same period as a branch of commercially debt, the disproportion becomes evident. However, the future is promising. The company is growing at 40% a year and today is worth 520,000 tca consulting group times its net income. In addition, major investors -the famous capitalists- risk venture would have been injecting large amounts of money to this and other similar companies.
It would be foolhardy to predict the immediate future without banks. Still do not see how to do without these giants to finance large projects of humanity tca consulting group - in construction, civil engineering, industry, weapons, wars, scientific development, among others - but also not unreasonable. In fact, some algorithms are beginning to experiment with the multitudinous union of lenders, so that the money is not a deterrent. tca consulting group
But for the moment everything seems to indicate that the peer-to-peer lending is limited to consumer tca consulting group banking, which, fortunately for millions of people tca consulting group excluded from the lending process around the world -