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ZOPA appoints Windsor to manage Risk
Windsor Consulting has been appointed to
manage the credit quality of the ZOPA borrowers.
Murray Bailey is very excited about the
relationship. "ZOPA is a fabulous concept and has developed strongly
since its launch 2 years ago. I'm very much looking forward to working
with the team on their new "Listings" product and developing their
credit risk assessment from a sound base to one that works in tandem
with marketing."
Zopa
is a financial marketplace where people
meet to lend and borrow money.
It has been coined by some as the ebay for money.
In May this year, The
Banker magazine wrote:
“Online product developments such as the peer-to-peer banking
innovation, Zopa.com (online lending exchange), are radically changing
the way financial transactions, big and small, can be done. These
technologies can disintermediate the traditional bank role....The Zopa
model, which cuts out the banks in the middle, can provide better
lending rates and a clear opportunity to revamp lending attitudes and
mechanisms.”
Find out more about ZOPA by going to
www.zopa.com
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