The Drivers of Change in the UK Lending Market
We spoke to 100 senior banking professionals to understand their thoughts on the drivers of change in the lending sector and how lenders need to evolve to meet these demands.
Lending markets are becoming increasingly competitive as challenger banks, Peer-to-Peer (P2P) lenders and other market disruptors look to take on established players. Allied to this, as consumer expectations change, the need for financial service organisations to review their approach to technology becomes more pressing than ever.
What you’ll discover in the white paper:
- An understanding of the challenges lenders are facing with both consumer needs and regulation
- A view on how lenders must evolve to meet these demands
- Our interpretation of the real drivers of change in the UK lending industry
The findings in this report are based on research undertaken by Atomik Research on behalf of Target Group. The study was conducted in July 2015 and surveyed 100 senior finance professionals across the UK. Organisations represented in the report include banks, building societies, Peer-to-Peer (P2P) lenders and credit unions. Annual turnovers of the companies included range from under £1 million, to over £500 million.