5 days ago
Fintech industry trends in 2020
The forecasts show that coming year will be marked by cryptocurrencies and their conversion to cash. Fintechs are supposed to get support from the quickly...
LOANDO Group in a piece for Dziennik Internautów
According to BIK [Credit Information Bureau] and KPF [Conference of Financial Companies] research, Poles have difficulties with timely debt repayment. This problem occurs to a much lesser extent in the case of consumers using the services of online lenders. Why is that? LOANDO Group CEO, Krzysztof Przybysz, explained this phenomenon in a piece for Dziennik Internautów.
As illustrated by Krzysztof Przybysz, such a noticeable gap in solvency between borrowers from lendtechs and those borrowing from traditional institutions is probably stemming from the consumer profiles of both groups. Fintech borrowers are often services subscribers and are therefore used to paying back quickly. It is also worth mentioning that online loans are usually spent on consumption and thus they are small amounts that are easier to repay immediately.
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