Peer-to-peer lending is part of the emerging architecture of the digital economy, gaining its position both in the Russian market and in the markets of other countries. It provides opportunities for economic actors to obtain additional benefits, but this involves a number of risks. Peer-to-peer lending does not change the nature of risks. Nevertheless, it refracts certain wellestablished types of risks in relation to its activities, giving them specific characteristics. This is why it is necessary to identify and further study the risks of peer-to-peer lending in order to manage them through planning, predictive analysis and implementation of measures to prevent and reduce risks. The purpose of the study is to identify the main risks that accompany peer-to-peer lending in the emerging digital architecture of the economy, taking into account the opportunities of FINTECH innovations. This study identified the following types of risks that make up the base of the peer-to-peer lending risk landscape: legal, credit, interest, reputational, commercial, financial and technological risks, fraud and money laundering risks, online banking operational risks, cyber-attacks, data storage and processing risks, as well as insufficient verification of transaction subjects and falsification of information.
Volume 12 | Issue 6
Pages: 1307-1311
DOI: 10.5373/JARDCS/V12I2/S20201322