Peer To Peer Banking: The Death Of The Banking Industry?

Whilst talking with Euan Semple a while back I had a loud penny-drop moment. Euan was referring to Zopa – a peer-to-peer banking website. I realised that what myspace.com has done to the music industry then the banking industry is in for a crude shake up.

OK fair enough the Zopas are not responsible for bringing about the current banking crisis but bankers better get used to Tescos own brand champagne whilst they work out how to offer better value to their customers.

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