JP Morgan Chase To Move Into Alternative Finance And Crowdfunding With A Move Into Marketplace Lending For Small And Medium Size Businesses
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NEW YORK – The mainstream banking move into alternative finance is under way and the latest news points to an avalanche. In a panel discussion held in New York on Tuesday, JP Morgan Chase chairman and CEO Jamie Diamond said the bank will “look to break into online lending to small businesses by partnering with an existing operator.” In addition, we recently saw news of ING launching crowdfunding services as funding options for small and medium size businesses in the Benelux region. Barclay’s, through its accelerator program, has a large number of companies actively crowdfunding. So how far can Bank of America, Wells Fargo, Citibank, Royal Bank of Canada and others be behind? Not too far.
JP Morgan Chase To Move Into Alternative Finance And Crowdfunding With A Move Into Marketplace Lending For Small And Medium Size Businesses
JP Morgan Chase To Move Into Alternative…
JP Morgan Chase To Move Into Alternative Finance And Crowdfunding With A Move Into Marketplace Lending For Small And Medium Size Businesses
NEW YORK – The mainstream banking move into alternative finance is under way and the latest news points to an avalanche. In a panel discussion held in New York on Tuesday, JP Morgan Chase chairman and CEO Jamie Diamond said the bank will “look to break into online lending to small businesses by partnering with an existing operator.” In addition, we recently saw news of ING launching crowdfunding services as funding options for small and medium size businesses in the Benelux region. Barclay’s, through its accelerator program, has a large number of companies actively crowdfunding. So how far can Bank of America, Wells Fargo, Citibank, Royal Bank of Canada and others be behind? Not too far.