Abstract:Financial innovation in recent years have prominently contributed to the growth of Peer-to-Peer lending marketplaces allowing individual and businesses to secure loans on a common internet-based network. Similar to the ‘bricks and mortar’ banking system, online lending is coupled with the problem of information asymmetry. Borrower risk assessment has henceforth become the major concerns of various platforms that aim to reducing information imbalance towards mitigating credit risk. In this article, authors comp… Show more
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