Shifting Attitudes
summary
Millennial distrust of banks is quantified (72% would rather see a dentist, 53% think banks offer nothing, 63% lack a major credit card) and framed as opportunity to rebuild credit at point of sale. Company prototypes adaptive lending that approves purchases (mattress via Casper) in ~20 seconds using phone verification, LinkedIn/ GitHub checks, bank-credential cashflow, machine learning and network fraud detection, takes full loss risk, is live with ~100 merchants and tens of thousands of loans, and now adds student loans as next product.
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