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1.Solves credit access issues 2.Offers lower interest rates than traditional institutions 3.Promotes financial inclusion and social responsibility
1.Risks in using alternative data sources to assess creditworthiness 2.Lack of collateral may lead to defaults and increased risk management requirements
1.High scalability 2.Cost-effective 3.Accessible to the general public
1.Limited human interaction 2.High reliance on technology 3.Minimal market differentiation
1.High scalability 2.Steady revenue stream 3.Lower operating costs 4.Ability to integrate with other financial services
1.Dependence on banks 2.Responsibility for risk management 3.Exposure to fraud and refund risks
1.Lower operating costs 2.High flexibility and agility 3.Enhanced customer experience 4.Ability to enter underserved markets
1.High customer acquisition costs 2.Initial profitability challenges 3.Investor concerns about model sustainability
address the trust barrier
1.High scalability 2.Diverse product & service offerings
1.Limited control over products & services 2.Less influence on customer experience