Filling the Bank-Shaped Hole; Non-bank Finance  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 405 no. 8815 (Dec. 2012), page 22-24.
Topik: International; Financial Services; Business Conditions; Market Strategy; Electronic Banking

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.74 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Of the things you expect to encounter in a financial firm nowadays, hope is not high on the list. Panoramic views, insincere receptionists, plates of uneaten biscuits, yes. Optimism, no. But this is a time of huge opportunity in finance--as long as you are something other than a bank. Take one of British finance's minnows. MarketInvoice is a start-up that runs an electronic marketplace in which small firms sell their unpaid invoices to investors at a discount. This lets credit-starved businesses get hold of cash faster than they otherwise would, and gives the buyers a return on the invoices they snapped up. Small firms have received Pounds 40m ($64m) via MarketInvoice since it was launched in 2011. Anil Stocker, an ex-Lehman banker and one of the firm's founders, says his big problem is controlling growth, so as to maintain the quality of the invoices. A lot of peer-to-peer platforms like MarketInvoice have sprung up in the past few years, their fortunes buoyed by the retrenchment of the banks.

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