Spring EQ and Boost

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Experian's data scientists and analysts equip fintechs with consumer credit trends to help make strategic lending decisions as well as a profitable growth roadmap for the second half of 2024 and beyond. Impactful callouts from the report include:

• Unsecured personal loan originations for fintech lenders are showing a stead 5-year growth despite being down from this time last year.
• Delinquency rates for fintech lenders in both unsecured personal loads and credit cards are seeing Month-over-month decreases in Q1 of 2024.

Discover key insights to understand and capitalize on growth opportunities for the Alternative Finance Services market.

Our analysis delves into various attributes to help us gain a deeper understanding of the digital borrower compared to all other borrowers for unsecured personal loans as well as credit cards. Our data analysts also looked at borrowers, irrespective of generation, regarding information such as household income, credit score and history, open trade lines, credit utilization, and more.