Explore the changing landscape of fintech loans and its impact on low- and moderate-income borrowers in a comprehensive report by The Federal Reserve Bank of New York.
Analyzing data from 2017 to 2023, the report uncovers the reasons behind the decline in fintech-originated loans amidst rising capital costs and economic shifts.
Discover how fintech firms leverage alternative data and underwriting methods to serve borrowers, while addressing challenges posed by funding costs and economic fluctuations.
For more valuable insights into the evolving strategies of fintech companies, read the article published by Banking Dive here.