Elektronische Kreditmarktplätze: Funktionsweise, Gestaltung und Erkenntnisstand bei dieser Form des „Peer-to-Peer Lending“

Abstract

Peer-to-peer lending represents a low-cost credit market. This is an important novelty because functions traditionally exercised by banks such as lot-size transformation are now exercised in a marketplace by customers themselves. The present article explains the functionality of such marketplaces and describes in what way the services needed by lenders and borrowers are rendered. Valuation criteria are applied to the functioning and the development potential of credit marketplaces which is followed by an overview over the state of research.