Can tech help reinvent the community lending sector?

Can tech help reinvent the community lending sector?

Over 8 million individuals utilize credit to cover everyday home costs, and lots of of them find it difficult to access reasonable, affordable credit. Community loan providers provide one option to profit-driven services that are financial but with no deep pouches to purchase such things as marketing or technology, they will have remained underneath the radar. Chris Gorst, from Nesta Challenges, on what a fresh competition is encouraging collaboration with fintech innovators to contour a kinder individual financing market.

Are community loan providers one of several UK’s best-kept secrets?

With several credit unions and community banks now providing cost savings and loans items, as well as present reports and mortgages, could these be a viable option to mainstream, profit-driven monetary solutions? As payday loan providers such as for example Wonga and QuickQuid collapse underneath the fat of consumer complaints, the real question is a timely one. Pokračovat ve čtení „Can tech help reinvent the community lending sector?“