k of Italy clarified that such recipients do not perform collection of savings reserved to banks only if they (i) negotiate the contractual terms with the lending entities and (ii) obtain money only from authorized entities, such as banks or insurances. On the other hand, P2P lending platforms should remain truly neutral by only connecting creditors with recipients (Bank of Italy Resolution of 8 November 2016 on the entities that collect savings different from the banks).
Economic conditions
Market size for loan-giving-, factoring-, brokerage-, finetrading- and ancillary services and biggest companies in this business area
The last OAM Annual Report by the Control Body for agents and brokers in loans and other credit-related activities shows that in 2019 there were 8550 of such intermediaries based in Italy (248 more than in 2018). Almost all of those are agents (them being 8250 out of 8550).
Additional comments regarding the economic situation for loan-giving-, factoring-, brokerage-, finetrading- and ancillary services or what FinTech’s must be aware of in this business area
N/A.