The emergence of Fintech lenders has created a rift and a warzone between traditional lenders and fintech lenders, with banks and credit unions questioning the adequacy and authenticity of the data being used by Fintech lenders to give credit to the marginalized. From a design thinking and even the processes perspective, Fintechs have availed ubiquitous, contextual customers touch points and streamlined the application process. The decision making process has also been made seamless through the heavy use of the latest analytics techniques and the reliance on alternative data. Read more