The credit needs of small and middle-income segments are unique and diverse, and can only be met sustainably through fintech lending, a major market player said.
The claim comes days after the Center for Advanced Financial Research and Learning (CAFRAL) released a report that found fintech lending was poised to overtake traditional lending by 2030.
This projection is not only a testament to the growing influence of technology in the financial sector, but also an indication of the changing preferences of borrowers and lenders.
First publication: November 12, 2023 | 7:40 p.m. STI