电子金融课件：2 Disruption Verticals.pdfVIP

Disruption Verticals 1 UNBUNDLING OF FINANCIAL SERVICES 2 Unbundling Verticals 3 HOUSEHOLD AND SMALL BUSINESS FUNDING 5 Market Place Lending (MPL) • What is it? online data-driven platforms that use capital to lend out directly or indirectly to individual and small business • Rationale? rate arbitrage convenience underbanked 6 Growth Drivers • Interest rate environment that pays close to zero on deposits (i.e., lenders). • Banks’ diminishing risk appetite. • Low consumer default rates, even during the financial crisis. • Regulatory arbitrage that generally governs institutions based on their classification and not by the services they provide • Availability of information that allows lenders to lower costs and expand into new markets. • Demographic shifts that promotes immediacy, convenience, transparency. 8 Lending Segments 9 Small-Medium Enterprise (“SME”) Financing Gap • 70% of SMEs do not use formal lending facility. another 15% claim to have insufficient capacity in these facilities. • Formal SME credit gap is estimated at $1.5T globally.  1/3 in OECD countries, 2/3 in developing countries. • Restricted access to finance is #1 constraint on growth. 10 SME Marketplace Lending • Source of funds Balance she