Copy Brits to get a $10 billion peer-to-peer lending industry, tech conference toldLAWRENCE SMITH/FAIRFAX NZ Neil Roberts, founder of Harmoney, the country's first the first peer-to-peer lender has called for a national plan to boost small business lending. New Zealand should copy Britain's blueprint to grow peer-to-peer lending, Harmoney founder Neil Roberts told the country's first ever "fintech" conference. Speaking at the Finnotec conference in Auckland on Thursday, Roberts said Britain was focused on breaking big bank's stranglehold on small business lending. The British government had invested tens of millions of pounds in building up peer-to-peer (P2P) lending, but it had also changed laws to put peer-to-peer lenders on a competitive par with the big banks. A report on alternative sources of finance for business by the University of Cambridge praised the UK's moves to grow P2P lending.

Source: Stuff November 11, 2016 03:16 UTC