On Wednesday of last week PYMNTS<\/a> covered recent comments from Biz2Credit CEO Rohit Arora. While he signaled changes ahead for marketplace lenders he also remarked that \u201cMore of the borrowers are seeking faster responses and are applying for funding online and digitally.\u201d P2P lenders continue to leverage the advantages of a digital solution as banks seek ways to remain competitive.<\/p>\n Political news site The Hill<\/a> forecasted changes in marketplace lending and other financial technologies. The author explains \u201cTrump\u2019s campaign promise to severely cut back regulation, as well as congressional Republicans\u2019 general aversion to the increased regulatory presence in financial services, means significant changes are likely forthcoming.\u201d The new administration may have an impact on the recent best practices recommendations from the Department of the Treasury.<\/p>\n At the end of the month Equities.com<\/a> posted an article on partnerships developing between marketplace lenders and traditional banks. The author explains the genesis for these unions citing that \u201cIn recent years, small businesses have been underserved by the banks. Marketplace lenders saw the opportunity and rose to meet the demand for small business funding. This led to banks maneuvering to get a piece of that pie.\u201d<\/p>\n
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