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...
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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