Monday
The Zone of Potential Amazement
The financial services industry is constructed not for borrowers, or for lenders, but for the intermediaries - the a-people: adminstrators, advisers, auditors, arbitrageurs and actuaries.
These a-'person's leech value from the system for borrowers and lenders alike. It has always been thus.
But there is, as of 'quite soon' - a better way - at Zopa
Go back to the absolute basics of marketing and construct the simplest, self-balancing market you can imagine. Borrowers borrow on terms they can afford. Lenders lend on terms they can accept. The resultant consumer-exchange leverages a minimal and transparent flat charge for administration.
There is maximum mutual visibility of lenders and borrowers within clearly-defined risk categories, with clear community self-governance.
This is what the co-operative bank should be.
This is mutual marketing in action.
These a-'person's leech value from the system for borrowers and lenders alike. It has always been thus.
But there is, as of 'quite soon' - a better way - at Zopa
Go back to the absolute basics of marketing and construct the simplest, self-balancing market you can imagine. Borrowers borrow on terms they can afford. Lenders lend on terms they can accept. The resultant consumer-exchange leverages a minimal and transparent flat charge for administration.
There is maximum mutual visibility of lenders and borrowers within clearly-defined risk categories, with clear community self-governance.
This is what the co-operative bank should be.
This is mutual marketing in action.
Comments:
Post a Comment
