O'Reilly logo

Bank 2.0 by Brett King

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

How Will Web 2.0 and SocialNetworks Transcend and Transform Banking?

In a mature digital space, consumers will opt for personal loans or credit facilities from trusted online aggregators or brokers. Zopa.com is one of these emerging social networks.

Zopa is an online financial network that allows investors to lend to consumers/borrowers through an intermediary platform online. It offers borrowers the ability to get lower rates than through the banks, and investors to get higher deposit rates than they get through banks. Harvard is already touting Zopa as the next revolution in banking. But the management team has no banking experience, and the banks cry out “Doesn’t Zopa need a banking licence?” Well, they don’t actually take deposits; they ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required