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Digital Lending Detour: Roadblock or Fresh Opportunity for Banks?

Recent turbulence among digital online lenders does not change the overall direction of this growing market. Banks should stay focused on entry options and customer demand.

Just a short time ago, digital lenders were being hailed as the vanguard of financial technology, destined to change small business and consumer finance forever. Now the sector is under assault and sentiment has shifted from one extreme to the other. Following the revelation of internal control issues at Lending Club and the sudden resignation of its CEO, longstanding issues with the sector, mostly ignored by its supporters over the last few years, were suddenly ...

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