Misys Claims New Platform Will Disrupt Online Lending Solutions

Bank service provider Misys is looking to bring an end to alternative lending by giving banks a solution that is similar to that of marketplace lenders; “There’s clearly a demand for banks to take back that piece of the lending market,” explained Misys Senior Product Officer Jean-Cedric Jollant in a discussion with PYMNTS; Misys believes this solution would give banks more lending options and they would no longer have to partner with an online lender; Jollant goes on to say that 90% of the online lending market will collapse and only the top names will survive a decade or two.  Source