Four in 10 consumers open to fintech competitors for mortgages

Financial technology start-ups like Revolut and Trussle threaten established banks in the UK’s £1.3 trillion mortgage market, with four in 10 customers being open to Fintech competitors instead.

In the ‘Battling for Buyers’ report, behavioural science experts Decision Technology (Dectech) found consumers are more open to considering fintech companies for mortgages, personal loans and credits cards than for other products.

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