“Banking is necessary, banks are not,” was once stated by Bill Gates. It is very accurate for online lending, also known as peer-to-peer (P2P) lending, which empowers borrowers and lenders to make money transactions directly via the Internet without using banks or other financial intermediaries. My team prepared an article, pulling the curtains of the technical side of the P2P solutions and giving you an example of modules, necessary for such platforms, and regulations you need to follow if you want to create your own. https://upplabs.com/blog/p2p-lending-solutions/
Will appreciate your feedback!