Transferwise has managed to meld these and come up with a peer-to-peer model that makes sense.

Thanks to its potential scale, the Societe Generale ALD Automotive partnership adds the competitive clout of corporate leasing to BlaBlaCar's already frugal peer-to-peer model.

Many clones using the peer-to-peer model (users download from other users' PCs rather than a central server) have since emerged, such as Kazaa and LimeWire.

Customer experience As a result, the financial services industry is being transformed by technology-led innovations like peer-to-peer models, crowdfunding and payments.