Gig workers have long been underserved by financial services companies because they represent a high-risk demographic due to their thin credit history and variable income — but new technologies are now available to help FIs conduct more thorough risk assessments to make serving this demographic worthwhile.
Three Key Questions This Report Will Answer:
WHAT’S IN THIS REPORT? In this report, Insider Intelligence looks at the size of the gig worker market and just how big of a revenue opportunity it presents for FIs; current events changing the gig economy, including legislation and the pandemic; and pre-pandemic efforts FIs were making to move into this market. Additionally, we take a close look at a select few early moving startups that have rolled out pandemic-specific products to help gig workers through this crisis, and what slower movers — both incumbents and startups — can learn from their efforts.
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