Panel: Reinventing Credit: Responding to New Lending Models
The consumer credit landscape is undergoing a dramatic transformation, driven by regulatory changes and the rise of innovative lending models like BNPL. Traditional credit card issuers face cost pressures and the need to rethink their value propositions in a potentially fee-free future. In this session, we will discuss strategies for monetizing credit card offerings amidst regulatory challenges, such as late fee reductions. The panel will also explore innovations in credit products, including high-end credit cards like Amex, and how issuers can respond to the competitive threat posed by BNPL. Join this Main Stage panel to gain insights into reimagining credit card products to meet evolving consumer needs, engaging younger consumers, and rethinking card economics for sustainable growth.
Wednesday 12 March 10:00 AM - 10:40 AM Venetian Ballroom F-K
The consumer credit landscape is undergoing a dramatic transformation, driven by regulatory changes and the rise of innovative lending models like BNPL. Traditional credit card issuers face cost pressures and the need to rethink their value propositions in a potentially fee-free future. In this session, we will discuss strategies for monetizing credit card offerings amidst regulatory challenges, such as late fee reductions. The panel will also explore innovations in credit products, including high-end credit cards like Amex, and how issuers can respond to the competitive threat posed by BNPL. Join this Main Stage panel to gain insights into reimagining credit card products to meet evolving consumer needs, engaging younger consumers, and rethinking card economics for sustainable growth.
Venetian Ballroom F-K US/Pacific
Speakers
Senior Partner & Co-Head Global Retail Banking Practice, McKinsey & Company
CEO, Sunbit
COO, Plaid
SVP, Consumer Lending Business Leader and Global Head of Alternative Credit Data, TransUnion
Head of Consumer Lending Partnerships, U.S. Bank
SVPt, Verification Services GM of Auto, Consumer Finance, Debt Management & Card Equifax Workforce Solutions, Equifax
