A new report1 revealing the latest trends and future predictions in UK lending and borrowing has been launched by Lenvi, the leading provider of lending software and solutions.
The 2024 borrowing report is the 10th released by Lenvi, the firm which powers lending technology for the likes of Barclays, Santander, Metro Bank and Admiral, after launching its first report in 20132.
The most notable trends include the growing importance of brand and trust for borrowing decisions and AI innovation, a dip in the number of people factoring green credentials into their decision making and the growing popularity of BNPL.
The report also reveals changing borrowing behaviours and perceptions of what is ‘acceptable’, as well as disparities among vulnerable groups.
