What are the advantages and slight advantages of P2P borrowing compared with traditional lending

Compared with the traditional financial model, P2P lending has the following advantages:

I. Information processing and risk assessment are carried out through networked methods.

Two, the term and quantity of supply and demand of funds are matched without the need to go through intermediaries such as banks or brokerages, and the supply and demand parties deal directly.

Third, the unification of super centralized payment system and individual mobile payment.

Four, product simplicity.

V. The financial market operates completely Internet-based, with minimal transaction costs.

Sixth, more importantly, the market participants are more popular, the Internet financial market transactions lead to a huge benefit more inclusive of the general public.