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.
Interested In This Report
Related content
Generation Z: Halfway to Adulthood and Ready to Borrow
Approximately half of Generation Z—those born since 1997—has graduated into adulthood, and that carries strong implications for financial institutions. Gen Zers are moving beyond f...
Loyalty Through Lending: Building Relationships with Short-Term Loans
Cash-strapped consumers’ old options for short-term loans, running the gamut from the benevolence of friends and family to high-interest (some would say predatory) products of payd...
Plastic Surgery, Start-Ups, Motorcycles, Crypto, EVs: What’s Ahead for Specialist Lenders
During the pandemic, specialist fintech lending caused long faces at big banks by seizing share. Five percent of Gen Zers and Gen Xers took out loans for plastic or cosmetic surger...
Make informed decisions in a digital financial world