FinTechs' Role in Improving Access to Lending Services

FinTechs Clear Credit Path for 57% of Subprime Millennials Nearly sixty percent of millennials report subprime credit scores, making it harder for them to get credit from traditional sources and build a credit profile. A new PYMNTS report, the “FinTech Tracker®,” a collaboration with Sezzle, highlights the role of FinTechs in creating new products that balance credit risk with credit-building outcomes.
inside the May Tracker
  • As poor or nonexistent credit profiles keep millions of Americans from accessing traditional lending options, an insider explains how secured credit cards can help.
  • Consumers seeking credit are gravitating toward BNPL programs and other alternative credit services as banks tighten access to consumer lending.
  • With an estimated 307 million smartphone users in America, FinTechs can leverage mobile technology to improve credit access among the financially underserved.

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    Sezzle FinTech Tracker Series

    Beyond the Headlines: Understanding BNPL’s Impact on Consumers
    The Path to FinTech Profitability Must Be Fraud-Proof
    The FinTech-Bank Relationship Shifts Toward Collaboration
    The Bursting FinTech Bubble Places Primacy on Profitability: The BNPL Issue