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Banking the “Gig Economy” – Banking Exchange

There is a huge potential here for mainstream banks to serve these gig workers better. Consider that the presence of a third-party financial institution would eliminate the inherent conflict of interest of a platform provider both paying their contractors and providing them with credit. It would also foster better consumer protection and responsible lending practices. […]

There is a huge potential here for mainstream banks to serve these gig workers better.

Consider that the presence of a third-party financial institution would eliminate the inherent conflict of interest of a platform provider both paying their contractors and providing them with credit. It would also foster better consumer protection and responsible lending practices.

Source: Banking the “Gig Economy” – Banking Exchange

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