Harmoney

[percy]

Roger,
I want to challenge your assumption that p2p would have a greater fraud rate. If you want a loan through any NZ banks, you would do it on-line. Are you suggesting that banks have more checks in place or perhaps fraudsters would rather target Harmoney than a major bank?

Here is a NZ view:
http://www.interest.co.nz/opinion/70...ution-needs-be

I guess lenders are taking part in a bit of an experiment at this stage. It will take a couple before we know default rates at Harmoney.

Thanks for posting the link to the very interesting article.