Mobile Banking Accelerating But Mobile Lending is a Real Laggard

Mobile Banking Accelerating But Mobile Lending is a Real Laggard

New research confirms online payments are taking off, however alternative e-lending is sputtering. Online payment services are the most popular alternative to traditional banking with 19% of consumers, but customers who borrowed money from peer-to-peer or marketplace lenders remained flat, with no signs of growth. FICO’s latest consumer finance trend research has revealed that a…