socialmedian: BankerVision: Followup: Zopa isn’t disruptive

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BankerVision: Followup: Zopa isn’t disruptive

Source: Delicious/Spaceluge

Aug 19, 2009

Summary

My last post has caused some controversy, and an especially vehement reply from Chris Skinner. I suggest you read his post, actually, before you read this one. Now, the basic premise of my argument was this: Zopa has the potential to be a disruptive player, but isn't because it is behaving exactly like a bank. It is going after exactly the same customers as banks, using the same means of working out whether they are credit worthy or not, and then pricing loans in pretty much the same way a bank would do. Actually, Zopa loans are often more expensive...

Comments (1)

Hutch,

Aug 19, 2009

"Now, the basic premise of my argument was this: Zopa has the potential to be a disruptive player, but isn't because it is behaving exactly like a bank. It is going after exactly the same customers as banks, using the same means of working out whether they are credit worthy or not, and then pricing loans in pretty much the same way a bank would do. Actually, Zopa loans are often more expensive than bank loans, because they have to make deposits attractive to people with money to lend compared to more traditional investment options."