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Alternative financial services are typically provided by non-bank financial institutions, although person-to-person lending and crowd funding also play a role. These alternative financial service providers are estimated to process about 280 million transactions per year, representing roughly $78 billion in revenue. Customers include the unbanked.
Alternative financial services in the United States refers to a particular type of financial service, namely subprime or near-prime lending (that is, lending to people with relatively poor credit) by non-bank financial institutions.
Alternative finance has grown into a considerable global industry in recent years following the financial crisis, according to various reports, particularly for small and medium enterprises. [ 5 ] [ 6 ] For instance, the European online alternative finance market is estimated to have reached nearly €3bn in 2014, [ 7 ] and is projected to ...
Alternative investments can be a way to add diversification to your portfolio if the assets have a low correlation with traditional investments like stocks and bonds, meaning they tend to move in ...
Peer-to-peer lending does not fit cleanly into any of the three traditional types of financial institutions – deposit takers, investors, insurers [11] – and is sometimes categorized as an alternative financial service. [12] Typical characteristics of peer-to-peer lending are: it is sometimes conducted for profit;
Alternative lenders often offer more flexible terms and may be better for startups, businesses with bad credit and businesses in need of small loans. Loans from online lenders are popular, but so ...
Alternative investments are nontraditional investments beyond the more typical stocks, bonds or mutual funds. No matter if you have short-term or long-term strategies, the main reason for investing...
Conglomerates – A financial services company, such as a universal bank, that is active in more than one sector of the financial services market e.g. life insurance, general insurance, health insurance, asset management, retail banking, wholesale banking, investment banking, etc. A key rationale for the existence of such businesses is the ...