Social lending platform (also referred to in German)

Internet portals that bring together providers and consumers of loans outside the banking system; this is also referred to as collaborative finance. As far as no credit mediation by the operator itself takes place, but only a peer-to-peer lending is established, such portals are not yet subject to licensing. On May 14, 2007, the German Federal Financial Supervisory Authority published a fact sheet entitled “Hinweise zur Erlaubnispflicht der Betreiber und Nutzer einer internetbasierten Kreditvermittlungsplattform nach dem KWG.” – See crowdfunding, eLolly, credit union, credit intermediation platform, peer-to-peer lending. – Cf. BaFin Annual Report 2007, p. 208 f. (corresponding providers are monitored by BaFin and can be banned within the framework of general risk prevention).

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/