Finextra: Peer to Peer Lending and many other online direct lending software models are changing. We have studied different models in the online loans market for over a decade and there have been significant shifts away from lenders' self-selecting their loans; visible loan auctions; and highly parameterised lender auto-lending tools.
Why the change? Because these older models slow down the process of matching lenders' funds. With all the control of the allocation of lenders' funds left in the hands of the lenders, the matching process can be very slow, and can sometimes get logjammed. The quest should be to minimise any features that create a barrier or a blockage to the processes, particularly ones that are not under the direct control of the site manager.