The role of the Lendtech sector in the consumer credit market in the context of household financial exclusion

IF 7.6 1区 经济学 Q1 ECONOMICS
Krzysztof Waliszewski, E. Cichowicz, Łukasz Gębski, Filip Kliber, J. Kubiczek, Paweł Niedziółka, Małgorzata Solarz, Anna Warchlewska
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引用次数: 0

Abstract

Research background: According to the World Bank (2020), about 60% of adults in developing countries do not use formal financial services. Furthermore, according to the Polish Association of Loan Institutions (2022), about 3 million Poles use loans, most of them obtained online. Among the reasons for more than a decade of growth of interest in the non-bank consumer lending market there are the development of modern technology applications in finance and the establishment of the Lendtech sector. Purpose of the article: The main goal of the paper is to verify the role played by the Lendtech (LT) sector in the consumer credit market in the context of household financial exclusion. The following research questions were asked: Do credit-excluded households take advantage of LT services and, if so, to what extent? What are the behaviours and preferences of those who use consumer credit offered by LT? Do socio-demographic characteristics determine consumer use of loans offered by LT and, if so, what are they? Is the use of loans offered by LT due to credit exclusion or other factors? What action should be taken by participants in the digital consumer loan market interested in its inclusive direction? Methods: The paper uses the following methods: critical analysis of the literature, Kruskal-Wallis test, Mann-Whitney test, and nonparametric regression algorithm: k-nearest neighbors, as well as inductive inference methods. The data used is primary in nature and comes from a nationwide survey, September 2022 (CAWI method) of 1,200 Poles, of whom 200 respondents are Lendtech customers. The quota selection applied made it possible to reflect characteristics corresponding to the population of customers of lending institutions registered in BIK databases. Findings & value added: The article is a pioneering study based on an independent scientific survey, devoted to the Polish LT services market considered in terms of its relationship with one of the types of financial exclusion: credit exclusion. The most important conclusion is that people at risk of credit exclusion find a financing substitute in the LT sector, and thus it plays an important role in reducing financial exclusion, while maintaining the principle of creditworthiness verification.
在家庭金融排斥的背景下,Lendtech部门在消费信贷市场中的作用
研究背景:根据世界银行(2020)的数据,发展中国家约60%的成年人不使用正规金融服务。此外,根据波兰贷款机构协会(2022)的数据,约有300万波兰人使用贷款,其中大多数是在线获得的。十多年来,人们对非银行消费贷款市场的兴趣不断增长,其中包括金融领域现代技术应用的发展和Lendtech部门的建立。文章的目的:本文的主要目标是验证Lendtech(LT)部门在家庭金融排斥的背景下在消费信贷市场中发挥的作用。提出了以下研究问题:被信贷排除在外的家庭是否利用了LT服务?如果是,在多大程度上?使用LT提供的消费信贷的人的行为和偏好是什么?社会人口特征是否决定了消费者对LT提供的贷款的使用?如果是,它们是什么?LT提供的贷款的使用是否由于信贷排斥或其他因素?对其包容性方向感兴趣的数字消费贷款市场参与者应该采取什么行动?方法:采用以下方法:文献批判性分析、Kruskal-Wallis检验、Mann-Whitney检验、非参数回归算法:k-近邻,以及归纳推理方法。所使用的数据本质上是主要的,来自2022年9月对1200名波兰人进行的一项全国性调查(CAWI方法),其中200名受访者是Lendtech的客户。所采用的配额选择可以反映与BIK数据库中登记的贷款机构客户群体相对应的特征。调查结果和附加值:这篇文章是一项基于独立科学调查的开创性研究,专门针对波兰LT服务市场,从其与金融排斥类型之一的关系来看:信贷排斥。最重要的结论是,面临信贷排斥风险的人在LT部门找到了融资替代品,因此它在减少金融排斥方面发挥了重要作用,同时保持了信用验证原则。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
13.70
自引率
5.90%
发文量
26
审稿时长
24 weeks
期刊介绍: The Oeconomia Copernicana is an academic quarterly journal aimed at academicians, economic policymakers, and students studying finance, accounting, management, and economics. It publishes academic articles on contemporary issues in economics, finance, banking, accounting, and management from various research perspectives. The journal's mission is to publish advanced theoretical and empirical research that contributes to the development of these disciplines and has practical relevance. The journal encourages the use of various research methods, including falsification of conventional understanding, theory building through inductive or qualitative research, first empirical testing of theories, meta-analysis with theoretical implications, constructive replication, and a combination of qualitative, quantitative, field, laboratory, and meta-analytic approaches. While the journal prioritizes comprehensive manuscripts that include methodological-based theoretical and empirical research with implications for policymaking, it also welcomes submissions focused solely on theory or methodology.
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