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