Web 2.0 Reshaping Financial Industry(The Korea Times)

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Modernmod on 2008-04-02 - Tags clblog , lending , p2p , prosper , reshaping , web 2.0 , zopa

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At the same time, those Internet services are actively seeking ways to transform themselves into a form of online bank to make profits from transaction fees. The integration of the two sides ― conventional banking industry and modern-day Web 2.0 Internet services ― is an irreversible trend, said Mitch Muroff, manager of Edgar, Dun & Company, a financial consultancy.

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