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Tech Vendor Misys Launches P2P Lending Software For Banks


Ron Burgundy
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By Anna Irrera NEW YORK (Reuters) - Financial technology vendor Misys is launching software to enable banks to provide peer-to-peer lending to their customers as competition from young companies in the sector heats up. The technology would enable retail and corporate banks to connect their customers looking for loans with individual or institutional investors digitally, the private London-based software company said on Tuesday. P2P lenders, which allow consumers and small businesses to borrow from investors online, emerged in response to a contraction in bank lending following the financial crisis of 2008.

 

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