920. Insights: How fintech is helping us get better at borrowing money

In this episode of the Fintech Insider Insights podcast, the focus is on how fintech companies are transforming the lending landscape. The conversation delves into the challenges of traditional banking, including the confusion many consumers face with lending terms like APR. The panelists highlight how fintechs are leveraging alternative data sources, such as open banking and transaction data, to enhance credit scoring and expand access for underserved communities. They also discuss the impact of regulators, the emergence of embedded lending, and what the future holds for the industry, stressing the importance of better consumer education and more straightforward repayment options.