Navigating The Impact Of Increased Bank Rates On Fintech Consumer Lending

Navigating The Impact Of Increased Bank Rates On Fintech Consumer Lending

SUMMARY

With the unparalleled advantage of delivering more efficient, cost-effective and personalised financial services, fintechs are actively dominating the consumer lending area.

The most pivotal concern among digital lenders is the cost of loans which is expected to rise at a surging rate

Moving forward, fintech lenders and platforms must make ‘Wise Lending’ their mantra, taking proactive measures to curb unsecured lending

The rise of fintech has been a game changer, especially in the realm of finance. By carving a distinctive niche in the financial landscape, fintech companies have opened new avenues for seamless consumer lending, challenging the traditional lending models. 

With the unparalleled advantage of delivering more efficient, cost-effective and personalised financial services, fintechs are actively dominating the consumer lending area. 

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