3/10/2024, 1:54:51 AM | www.fintechnexus.com | news
Consumer lending fintech leaders look ahead to 2024
The article provides insights from CEOs of major consumer lending fintech companies regarding their initiatives, strategies for high-interest rate environments, and top industry challenges for 2024. Key points include Upgrade focusing on scaling new products, Figure launching a blockchain marketplace, Upstart enhancing AI models, Prosper transitioning AI tests into production, Best Egg prioritizing product scaling, Oportun expanding secured lending, Happy Money focusing on infrastructure, Achieve emphasizing debt consolidation tools, BMG Money collaborating on Open Finance, and LendingClub enhancing mobile engagement and line of credit product. The CEOs address resilience strategies, regulatory challenges, credit quality concerns, and the impact of interest rates on the industry.