2021 Digital Lending Trends
- Date:December 09, 2020
- Author(s):
- Austin Kilgore
- Report Details: 11 pages, 2 graphics
- Research Topic(s):
- Digital Lending
- PAID CONTENT
Overview
The COVID-19 pandemic posed countless challenges for digital lenders but also created numerous opportunities for nimble organizations that were able to quickly deploy digital capabilities to support remote work and historic demand for mortgage refinancing and loss mitigation.
In 2021, lenders must continue to remain agile and adapt their digital offerings to meet the needs of an evolving loan market and to respond to new competitive challenges. This report provides an overview of three trends that will be crucial for lenders to address or to start addressing in the coming year, along with the strategies and decisions lenders must consider to effectively respond to, or even get ahead of, these developments.
Learn More About This Report & Javelin
Related content
2025 Digital Lending Trends
The pressure will mount in 2025 for traditional lenders and the vendors that serve them to make foundational strides in using digital channels to win share of mind that leads to sh...
Earned Wage Access: How Banks Can Do Better for Workers Facing a Cash Pinch
The Consumer Financial Protection Bureau dealt fintechs focused on earned wage access a blow when it issued an interpretive ruling that their products will be considered loans subj...
Embedded Lending: Banks Get a Second Chance to Stake a Claim
A market scan by Javelin Strategy & Research found that few banks and credit unions are active in embedded lending, leaving fintechs such as Affirm, Afterpay, Apple, Klarna, and Pa...
Make informed decisions in a digital financial world