Online lending platforms are popular among fintech companies ^76%

Truth rate: 76%

Pros: 7
Cons: 3

Pros: 7

Cons: 3
⬆

Online lending reduces the need for bank branches ^97%

Impact:

+100

Alternative loan options are provided by online lenders ^90%

Impact:

+80

Businesses use online lending platforms ^30%

Impact:

+80

Fintech startups partner with established financial institutions ^81%

Impact:

+70

High interest rates make fintech lending unaffordable ^96%

Impact:

+50

Algorithms lead to biased loan decisions ^83%

Impact:

+50

Digital credit scoring is a feature of online lenders ^72%

Impact:

+50

Cons: 3

Pros: 7
⬆

Online lending lacks proper regulation ^92%

Impact:

-50

No collateral is required for loans ^70%

Impact:

-50

Fintech companies have poor creditworthiness ^35%

Impact:

-50

Refs: 0

Info:

Created by: Adriana Silva
Created at: Sept. 26, 2024, 10:16 p.m.
ID: 10798

Related:

Mobile apps are popular among younger generations dating online ^95%

95%