Hey, Business Bankers: Learn How To Prepare For Peer-To-Peer Business Lending!

If you have read my previous posts, you should know by now that I am hell-bent on making sure that you ride the future-of-business-banking train into the future rather than getting run over by it!  Banks and credit unions are increasingly looking for ways to acquire more business customers without having to hire more business bankers or increase infrastructure.  Fintechs—like Upstart—have caught wind of it and are creating peer-to-peer business platforms that (at least on the surface) make it seem very lucrative for banks and credit unions to significantly reduce the cost of business customer acquisition…and banks & credit unions are chomping at the bit! 

What does this mean for business bankers?  It means that your job may be at risk…only if you decide to do nothing!  If you are smart about it and start future-proofing your career, you will ride the future-of-business-banking train into the future!  How do you start future-proofing your career?  Add skills that are oriented to technology, selling, advising and consulting!  If you want to get a jumpstart on future-proofing your career, check out the free Commercial Lending Toolkit at www.bizpetrol.com.  It is a toolkit that will elevate your skillset and improve your performance as a Business Banker!  For example:  if you add commercial credit underwriting to your resume, it could add a few zeros to your annual income!

 I recently came across an article that does a really nice job of surveying the peer-to-peer landscape.  If you take my advice and future-proof your resume and career, you may end up being recruited by a fintech!  If fintechs succeed in the business lending front, they will be throwing money at business bankers who have credit and digital marketing skills!  I strongly encourage you to read the article.  See article link below.  

Bizpetrol has information, knowledge and tools that will help you become a Business Banking Rockstar.  You can start elevating your business credit skills using the free Commercial Lending Toolkit at www.bizpetrol.com. You can see all the Business Banking News articles (like this one) at www.bizpetrol.com/blog. You can access a series of how-to business banker guides https://www.bizpetrol.com/Downloads-Free.

Follow #bizpetrol on LinkedIn if you want to see more articles like this one in your feed! If you found this article to be useful, please do me a huge favor and spread the knowledge by sharing the article with your colleagues! 

Article Title:  What is Peer to Peer Lending?

Article URL: https://smallbiztrends.com/2022/08/peer-to-peer-lending.html