To Build or To Buy? – The Question for Every Marketplace Lender
Marketplace lenders have to make tough decisions, one of the hardest and most important is whether to Build or to Buy a technology solution. The core ingredient for a marketplace lender is the platform on which they operate. The success of the business is highly dependent on the quality and robustness of the infrastructure platform taking into consideration the processes that must be built into it, such as credit ratings, third party bank accounts, social scoring, and document input and handling functions.This whitepaper outlines four key technical areas that need to be assessed by a marketplace to determine whether building or buying their platform will make the marketplace most successful with real business examples included.