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Virgin USA Buys CircleLending: How Should Banks Respond?
21 August 2007
 
David Furlonger   Stessa B Cohen   Alistair Newton   Richard J. De Lotto  

Financially oriented social networks are offering products and services that compete for bank customers. Are they really all that different from other nonbanks that have tried to invade this market? If not, why has Virgin acquired a majority interest in one and a foothold in the U.S. market?





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Table of Contents


    
 Analysis

1.0
    
 Introduction

1.1
    
 What Are Financial Social Networks (FSNs)?
1.2
    
 How Does P2P Lending Work?

1.2.1
    
 Identity Verification
1.2.2
    
 Risk Assessment
1.2.3
    
 Money Lending
1.3
    
 Funding and Repaying Loans
1.4
    
 Community
2.0
    
 Who Are the Leading Players in P2P Lending?

2.1
    
 Zopa
2.2
    
 Prosper
2.3
    
 CircleLending
2.4
    
 Kiva
3.0
    
 Will P2P Lending Become Mainstream?

3.1
    
 Risk and the Virgin/CircleLending Deal
3.2
    
 Watch for Increased Regulation
4.0
    
 What Banks Should Do Now


List of Tables


Table 1.  
 Summary of Bank and FSN P2P Lending Communities
 



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Business Models
Digital Consumer Technologies
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Resource Id: 513511