Is 'Buy Now, Pay Later' the Future of Consumer Lending?

Some view soaring BNPL as an existential threat to credit cards and traditional bank loans. Others argue there are strong opportunities.

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The Future of Credit: How Technology is Changing the Game

From Visual Capitalist

The concept of credit itself dates back over 5,000 years to ancient civilizations such as the Sumerians and Babylonians.

But how has consumer credit evolved over time?

This motion graphic video shows you the past, present, and future of consumer credit, with a focus on the new technologies that are completely re-shaping how credit will work in the coming years.

Banking Explained – Money and Credit

Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?

How Banks Lost Their Groove In Small Business Finance... And Why They May Never Get It Back

From Forbes Magazine –

“Prior to the Great Recession, easy credit conditions prevailed for small businesses. Cash was free flowing, and relaxed lending practices made it relatively easy to secure financing.

After the Lehman Brothers crash and during the ensuing “credit crunch,” volume fell roughly 19% from 2008 until 2012. This general slowdown in lending coincided with stricter requirements placed on borrowers. Financing simply became less available — even for “creditworthy” companies. For the first time in U.S. business history, small business owners frequently were unable to secure credit even from their own banks.”

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