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Stock impact report

Learning From Fintech Companies To Empower Consumers Seeking Credit [Forbes]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Forbes
While the economy is showing some signs of improvement, it is still on uncertain footing. Those with good credit and financial resources might find that concerning; however, many consumers do not have reliable access to credit, making the road to refinancing their car loan, obtaining a mortgage or even accessing credit cards terrifying. Therefore, revisiting how we measure creditworthiness could bring about a solution to better address the current credit disparity. Rethinking how we measure creditworthiness and improving consumers' access to credit is overdue! Many business leaders and entrepreneurs are already prioritizing a change in measuring creditworthiness in America. By using technological advances, entrepreneurs can deliver more financial inclusion, drive economic growth and provide access to credit to a broader and more diverse customer base. PROMOTED Financial Well-Being And The Need For Credit As the Fed noted in 2022, “self-reported financial well-being was among th Show less Read more
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