Financial Technology Innovations: A Review of Peer-to-Peer Lending Platforms

Peer-to-peer (P2P) lending platforms are a form of financial technology that has become a disruptive force in the financial services sector, transforming the financing landscape for both individuals and enterprises. This study offers a thorough examination of P2P lending platforms, looking at their development, workings, and effects on conventional banking institutions. We clarify the possible advantages, dangers, and difficulties of these platforms by exploring the technological innovation that power them. This study aims to enhance our understanding of P2P lending's role in creating the future of finance and its implications for risk management and financial inclusion through a combination of theoretical and empirical research.