Lending, Payments

Can lenders improve the financial health of consumers through design?

  • Design can play a critical role in improving consumers' financial health when it comes to lending.
  • Research by the Financial Health Network shows that areas like defaults, making payments, and borrowing the right amount can be significantly improved through behavioral design principles, to ensure customers make decisions that improve their financial well-being.
close

Email a Friend

Can lenders improve the financial health of consumers through design?

 


subscription wall for TS Pro

0 comments on “Can lenders improve the financial health of consumers through design?”

Partner, Payments

Gen Z’s impact on credit is bigger than you may think

  • Even through they're still quite young, Gen Z has already made a mark on financial services.
  • Marqeta CEO Simon Khalaf explains why Gen Z is positioned to have a monumental impact on the business of lending
Simon Khalaf, Marqeta | February 20, 2024
Payments

Mastercard and The Clearing House deepen their partnership to zero in on new instant payments applications 

  • Mastercard recently expanded collaboration with The Clearing House, with the shared goal of propelling the adoption of instant payments.
  • Chiro Aikat, Executive VP of U.S. Market Development at Mastercard, discusses the extended partnership's new areas of focus, strategies the RTP network is employing to appeal to a broader range of participants, and the role of instant payments in the extended payments ecosystem.
Sara Khairi | February 16, 2024
Member Exclusive, Payments

Payments Briefing: A closer look at J.P. Morgan Payments’ new full stack solution and what it says about the bank’s ambitions 

  • The new solution targets eliminating the disjointed experience caused by using multiple payment service providers.
  • JPMorgan isn't the only player offering a full-stack solution. Non-bank large payment providers like Adyen and Stripe also provide comprehensive payment services. So, what sets JPM’s solution apart? 
Sara Khairi | February 14, 2024
Payments

Why hasn’t the US fully embraced the digital dollar? 

  • The US is still ambivalent on a digital dollar, despite President Biden's executive order pushing for research into a potential CBDC.
  • Lisa Pollina, Board Member, Atlantic Council of the US, discusses the hurdles to CBDC adoption and contrasts China's embrace of CBDCs with the US's interest in cryptocurrencies.
Sara Khairi | February 08, 2024
Payments

Gen Z embraces digital wallets but they actually want more

  • A significant portion of younger consumers are increasingly interested in exploring alternative uses of digital wallets, especially for specific money transfer purposes.
  • The higher spending habits among Gen Z digital wallet users underscore their potential value for merchants and businesses aiming to cultivate future core customer bases.
Sara Khairi | February 07, 2024
More Articles