Fintech vendor Misys has announced that it is to launch a white label platform peer-to-peer (P2P) software for banking institutions.
The UK-based vendor’s software, titled Misys FusionBanking Crowdlending, is designed to enable retail and corporate banks to connect borrowers to lenders digitally. 
It is thought that the Crowdlending platform could help to bolster traditional banking institutions’ market share in the alternative finance sector.
Simon Paris, President at Misys, said: “Alternative finance has made its mark. Overall loan volumes are on the up, but a growing and increasingly relevant slice of the market is now being processed by independent P2P providers.
“Our approach enables banks to capture more of the opportunities in this market, and to de-risk, disrupt and quickly grow in this competitive space.
“It is a leap that could see them play a significant role in boosting SME funding – an area that has been underserved to date.”