RateSetter is on a mission to blot out the “Great British Procrasti-nation”.
A personality quiz, a flurry of surveys and a sizable infographic have been churned out by consumer lending platform RateSetter in an effort to push Brits towards getting their personal finances straightened out. The light-hearted quiz is intended to reveal your procrastination demon. AltFi Data, for example, houses an inner devil known as “The Rebel”. But beyond the rather silly stuff lies an intriguing set of findings.
We’ve knocked up a list of the super-study’s key discoveries below:
“We began to look at procrastination due to the sheer volume of people who expressed their dissatisfaction with the poor returns on their money, but who fail to do anything about it.”
“For a long time people accepted low rates of returns because they didn’t know there was a better way. In the last two years the peer-to-peer industry has grown exponentially. We hope this increased exposure is helping to educate consumers that, in fact, they do have a choice, and if they stop putting off managing their finances they could reap the rewards.”
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AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.