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Online social lending: Borrower-generated content

Briceño Ortega, AC and Bell, F 2008, Online social lending: Borrower-generated content , in: 14th Americas Conference on Information Systems- AMCIS 2008, 14-17 August, 2008, Toronto, Canada.

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    Abstract

    This article explores online social lending, an innovative venture that represents a reintermediation in financial services. Borrowers and lenders now have access to online financial information services such as Motley Fool, http://www.fool.com/ , and the opportunity to communicate directly with each other online, sharing user-generated content, in the spirit of Web 2.0. In this environment, new possibilities emerge. Drawing on the literature of community banks, finance, and online banking, we conducted a structurational analysis of ZOPA(2007) a newly founded venture in online social lending whereby borrower/lender interactions take place within an open and transparent environment using discussion boards and blogs. ZOPA offers a service as an intermediary but one that differs from the intermediating role played by a traditional bank. We analyzed the possible attractions and risks of ZOPA’s service to customers, from the perspective of social lending and social networking, using public data from ZOPA’s website. Our intention is to understand the nature of this reintermediation and explain the development of this process through Giddens’ propositions.

    Item Type: Conference or Workshop Item (Paper)
    Themes: Subjects / Themes > Z Bibliography. Library Science. Information Resources > Z665 Library Science. Information Science
    Schools: Colleges and Schools > College of Business & Law > Salford Business School > Centre for Digital Business
    Refereed: Yes
    Depositing User: Frances Bell
    Date Deposited: 10 May 2010 11:35
    Last Modified: 20 Aug 2013 17:18
    URI: http://usir.salford.ac.uk/id/eprint/9274

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