We heard on Monday that newly public fintech company, GreenSky, has partnered with American Express in a wide ranging deal....
Recent research shows that younger consumers are uncomfortable with carrying credit card balances; consumers are more comfortable with products like personal loans that are more transparent and easier to understand; there has been an increased interest in point of sale financing; one company driving this trend is GreenSky which partners with banks to fund loans; the proportion of consumer loans going to point of sale financing has increased significantly at banks that partner with GreenSky including Regions, Synovus and Fifth Third. Source
One of the quiet achievers in fintech is a company called GreenSky. They have flown under the radar for years...
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