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Iuvo Team initiated a dialogue and following steps with other portals, branch organizations and institutions for the structuring and implementation of best p2p lending practices. Our main goal is to establish standardized requirements for the business, which are observed and strictly followed by all portals. With this action we aim to help the current and future users in our type of assets to be able to recognize the quality market participants and to diversify their receivables right.
The work process is entirely on European level and our team wants to share more details about its development.
– Discussing the initiative on local level is finalized – we have the support of the local P2P portals and the Bulgarian FinTech Association as well.
– The proposals are considered with proven institutions in the field – European Digital Finance Association (EDFA).
– An invitation for discussion with stakeholders and an official address to the European Commission are forthcoming. The safety of the receivables of our clients is the main priority of our team and it is in base of this initiative. The quality of the P2P sector depends on the unified work of all portals and their partners. We work hard in order to ensure additional form of protection of our users, which are the main participant in the process.
We will continue to share the most up-to-date information on the subject and remain at your disposal if you have any questions.
