Like in many other sectors, the financial services sector is impacted by the rise of the sharing economy phenomenon. Whilst once small, some platforms today have become quite sizeable and can no longer be ignored by the traditional financial institutions. Especially since they provide alternatives to the very core activities of the incumbents: payments, lending, funding and insurance. Most solutions are based on online intermediaries, enabling P2P interaction, at lower transaction costs. International money transfers are drastically improved using P2P operating models, new P2P insurance solutions are created and both lending and capital raising now take place on P2P platforms. Technological innovation is making it easier for people to connect, exchange and trade without the need of a traditional financial institution.