Best Practice Report

Disrupting Finance: Digital Consumer Lenders

Digital Consumer Lenders Will Continue To Disintermediate Traditional Lenders

March 13th, 2017
Alyson Clarke, Principal Analyst
Alyson Clarke Principal Analyst
August du Pont, null
August du Pont
With contributors:
Oliwia Berdak , Zhi-Ying Barry , Benjamin Ensor , Mike Chirokas , Christine Turley

Summary

Startups globally have sought to use digital technology to improve consumer lending. By using alternative sources of data, continuously honing their underwriting algorithms, and using digital technologies to keep overheads low, firms like CommonBond, Earnest, and SoFi, can often offer better rates to borrowers than traditional lenders. Unlike P2P or marketplace lenders, these digital consumer lenders use traditional sources of capital. Learn who the main players in digital consumer lending are, how to assess their disruptive potential, and how to outsmart them.

Want to read the full report?

Contact us to become a client

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.