Gartner offer commentary on the state of innovation within the financial services arena here.
What caught our attention is the comment on P2P Lending as that is the space we are obviously interested in. This is the first recent comment on growth potential for peer-to-peer lending since the advent of regulation and the resultant adjustment of the peer-to-peer business model.
Here is the quote from their report summary.
Consumers who lose their jobs can’t get loans to cover periods of unemployment; businesses that encounter trouble due to low demand can’t get credit lines to see them through to recovery. Furthermore, banks are more interested in recapitalising than in lending. Growth in P2P lending will be driven by investors seeking higher returns and borrowers shunning (or being shunned by) banks. Gartner recommends that financial services providers investigate how to partner and collaborate in adding P2P to their existing offerings rather than building their own P2P lending networks.