Warren Mead comments:
“2015 was the year when Alternative Finance really came into its own. The dominating influence was the growth in China, which accounts for 70% of global volume, followed by the US. Both of these countries demonstrate the opportunity for Europe and the rest of the world.
“The evolution of the industry has differed in each region with different business models existing to serve local consumer and business needs. There is as much that divides the industry as unites it. And at the forefront of this division is a patchwork of inconsistent regulation.
“As we look forward to 2017, to ensure continued growth and investor confidence, the industry needs a transparent and supportive regulatory framework in large parts of the world and to manage the inevitable platform failures in an orderly fashion.”