Great article at the end of last week in Financial News London discussing why FinTech is still a way off disrupting lending.
Mostly because despite advancements in automated lending decisions it’s still very clear that most FinTech’s still rely heavily on traditional risk employees within their business to help with lending decisions on a more manual basis. It sounds like the argument is that only when FinTechs can prove they can lend on a purely automated basis, that doesn’t prove a detriment to the quality of lending decisions, will they have truly disrupted the traditional lending space!
Original article can be read here!
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