Abstract
The emergence of crowdfunding has attracted attention from borrowers, investors, banks and regulators alike. This chapter reviews its historical development, distinguishes between different business models, and discusses its disruptive potential and future growth prospects. Focusing mainly on lending- and equitybased crowdfunding, it further presents insights related to participants’ behavior on crowdfunding platforms and regulatory advancements in different countries.
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The Internet of Things describes the a concept where physical devices are connected to the Internet and are able to identify themselves and exchange data.
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Source: Crowdsourcing.org; Massolution.
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Source: Morgan Stanley Research.
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Financial Conduct Authority (2016, April 6). The FCA’s regulatory approach to crowdfunding over the internet, and the promotion of non-readily realisable securities by other media. Retrieved from http://www.fca.org.uk/static/documents/policy-statements/ps14-04.pdf.
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Pelizzon, L., Riedel, M., Tasca, P. (2016). Classification of Crowdfunding in the Financial System. In: Tasca, P., Aste, T., Pelizzon, L., Perony, N. (eds) Banking Beyond Banks and Money. New Economic Windows. Springer, Cham. https://doi.org/10.1007/978-3-319-42448-4_2
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