FinTech Firms Now Comprise 38 Percent of Personal Loan Market
The FinTech market reached an all-time high last year, and consumers seem to prefer using them for personal loans over traditional banks. “The rapid growth in consumer loans sits squarely on the shoulders of FinTechs,” says Jason Laky, Senior Vice President and leader of TransUnion’s consumer lending line of business, in an interview with CNBC. “They continue to be the main driver.”
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