A process model on P2P lending

Huaiqing Wang (), Kun Chen (), Wei Zhu () and Zhenxia Song ()
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Huaiqing Wang: South University of Science and Technology
Kun Chen: South University of Science and Technology
Wei Zhu: South University of Science and Technology
Zhenxia Song: South University of Science and Technology

Financial Innovation, 2015, vol. 1, issue 1, 1-8

Abstract: Abstract Background Online peer-to-peer lending (P2P lending) is booming as the popularity of e-finance. To develop a conceptual model for the P2P lending process is great valuable for managers to tack the issues of marketing, management and operation. Methods In this paper, we focus on the P2P lending process model and provide a comparative analysis comparing with traditional bank loan process. Results Firstly, our model shows that the information flow in P2P lending is more frequent and transparent. Secondly, the model reveals that P2P lending uses a quite different credit audition method, which relies on information and the decision model in the P2P systems. Thirdly, the loan management is not complete normally in P2P lending, because most P2P companies do not have the post-loan records of borrowers. Conclusions These findings inspire future studies and practices on P2P lending process and key technologies.

Keywords: P2P landing; E-finance; Process model (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)

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DOI: 10.1186/s40854-015-0002-9

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