Here's what online lenders are saying about the Deloitte report dismissing the sector as 'not significant'
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Deloitte put out a pretty brutal report on the marketplace lending industry on Monday, predicting it “will not be significant” and saying players in the market are “unlikely to pose a threat to banks in the mass market.”
Marketplace lenders are online platforms that connect retail lenders with borrowers, cutting out banks who traditionally sit in the middle.
Read more at http://www.businessinsider.my/deloitte-report-on-marketplace-lending-peer-to-peer-lenders-react-2016-5/#SYgHWPqOWzrdDydp.99