New bids on the block

摘要

Innovation is a dirty word in finance these days but, with securitisation markets gummed up, fresh thinking may be just what credit markets need. Prosper and DebtX, two online marketplaces with very different customers, are among those who think they stand to gain. Prosper's principal business is as an online peer-to-peer lender, matching up individual borrowers and lenders. Since October, Prosper has been dormant as it goes through registration with America's Securities and Exchange Commission. But on April 28th, thanks to special dispensation from the Californian authorities, the website started up again.