Abstract
This Financial Insights report looks at the state of innovation in remittance
and peer-to-peer lending in the Asia/Pacific region. This report is part of a
report series that looks at how innovation continues to be seen out of
Asia/Pacific' s rapidly growing markets.
"In the remittance business, we see successes being made out of more effective
use of channels, well-thought-through partnerships, and innovative products,"
says Angeline Lee, market analyst, Financial Insights, Asia/Pacific. "A
confluence of factors has to happen before P2P lending builds significant
momentum and becomes a credible threat to traditional banking. However, we
believe that financial institutions have to take more than a cursory look at
the potential social phenomenon of P2P lending."
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