Automotive funding, a crucial sector of the automotive industry, is witnessing a paradigm shift in its operating model driven by changes in customer preferences and technological advancements. Strong growth in new vehicle sales and rising used car prices are fuelling growth in this sector. The primary role of auto leasing...
Discover more insightsThe consumer lending market has manifested a significant growth trajectory, especially with the surge of digitization in the financial sector. Traditional bank loans are losing ground to more integrated financial innovation like payday loans and online personal lending services. These advancements have contributed to the diversification of the market as...
Discover more insightsHistorically, consumer credit trends have been characterized by cyclical changes. However, recent times have seen a trend towards non-traditional forms of lending such as peer-to-peer lending, a testimony to the influence of digitalization. Furthermore, there has been a conscious move towards responsible lending practices, with emphasis on controlled disbursals and...
Discover more insightsA discernible shift from traditional dealership to digital car buying platforms is evident. Predicated on research's triangulated findings, this pivot is driven by higher convenience levels, wider visual catalogs of options, and general efficiency of online platforms. Notably, pre-owned car sales segment seems to reap the most from the foray...
Discover more insightsFounded in 2002, the China UnionPay Co. Ltd. has made significant strides in consumer finance globally. By offering an efficient alternative to previously dominant models, the company has been a significant player in redefining the boundaries of global transactions. People across regions and countries now have a new way to...
Discover more insightsA clear understanding of global refinancing trends is vital in assessing the health and stability of global finance. Largely driven by historically low interest rates, there has been a noticeable surge in homeowners and businesses opting to refinance their loans. This trend, largely influenced by policy measures set by central...
Discover more insightsDigital penetration is effecting a tectonic shift in the auto finance market landscape. Traditional auto financing avenues are gradually giving way to online platforms offering greater convenience and accessibility. This digital shift is characterized by fintech companies spearheading novel lending platforms, leveraging artificial intelligence and machine learning to enhance underwriting...
Discover more insightsThe financial landscape has seen significant evolution over the past decade, largely influenced by digital innovation. Increasing digital literacy, coupled with growing acceptance of digital transactions, has necessitated financial service providers to develop an adaptive digital strategy. Financial innovations like blockchain technology, machine learning, and artificial intelligence have played a...
Discover more insightsThe realm of in-car transactional solutions is currently undergoing rapid evolution, thanks to advancements in mobile connectivity and digital payments technology. The global adoption of these services is being propelled by tech-savvy consumers who value ease, efficiency, and speed in their daily transactions. Automotive companies, tech giants, and payment processing...
Discover more insightsThe personal loans segment has shown resilience in face of shifting economic contexts. While traditional banking institutions continue to be a formidable presence in personal loan markets, the advent of online lending platforms, affectionately termed as fintech', has boosted competition and accessibility. These web-based lenders typically embrace automated application processes,...
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