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Consumer Finance Market to Surpass $14 Trillion by 2031, with Asia-Pacific Holding a 43.3% Market Share in 2025, Says Mordor Intelligence

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HYDERABAD, India, July 21, 2026 /PRNewswire/ — According to Mordor Intelligence, the consumer finance market size is projected to increase from USD 9.87 trillion in 2025 to USD 10.44 trillion in 2026, reaching USD 14.08 trillion by 2031 at a 6.17% CAGR during the forecast period (2026-2031). Market expansion is being driven by the growing use of digital lending platforms, consent-based financial data, and government initiatives that improve access to formal credit. While established banks continue to dominate strong funding capabilities and robust risk management, fintech companies are gaining traction by offering faster approvals and embedded lending solutions. Despite ongoing challenges from higher funding costs and unsecured loan delinquencies, the market outlook remains positive, supported by improving digital credit ecosystems and resilient lending practices. 

Consumer Finance Market Growth Drivers 

Consent-Based Financial Data Enhances Credit Assessment 

The adoption of consent-based financial data is helping lenders make more accurate credit decisions by providing deeper insights into borrowers’ income, spending patterns, and repayment behavior. This is particularly beneficial for self-employed individuals, gig workers, and customers with limited credit histories, who are often difficult to evaluate using traditional credit scores alone. Improved data quality enables lenders to strengthen risk assessment, offer more suitable loan pricing, and expand access to credit without compromising underwriting standards. As open banking frameworks continue to evolve, they are expected to support more inclusive and efficient lending across the consumer finance industry. 

Embedded Lending Strengthens Consumer Credit Adoption 

Embedding financing options directly into the shopping experience is making consumer credit more accessible and convenient. By offering loans or installment payments at checkout, lenders can reach customers when purchase intent is strongest, increasing credit adoption while helping merchants improve sales conversions. This approach also reduces friction in the borrowing process through faster approvals and seamless integration with digital payment platforms. As embedded finance continues to expand, it is expected to play a larger role in driving consumer finance market growth by improving both customer experience and credit accessibility. 

Jayveer V, Senior Research Manager, Mordor Intelligence says, “Reliable decisions in consumer finance require research that reflects measurable market developments rather than assumptions. Mordor Intelligence combines structured primary research with rigorous validation and consistent analytical frameworks, giving executives a dependable basis for evaluating market trends and long-term business opportunities.” 

Global Consumer Finance Market Share by Region  

North America continues to hold a significant share of the consumer finance market, supported by high credit usage and the growing adoption of digital lending solutions. Lenders are increasingly using alternative data to expand credit access for near-prime and underserved borrowers while improving loan approval efficiency. Across the region, financial institutions are also refining pricing strategies and product offerings to address varying borrower risk profiles, supporting steady market development. 

Asia-Pacific remains the largest regional market for consumer finance, driven by its broad customer base and expanding access to formal credit. While lending conditions have become more selective in some major economies, strong retail borrowing demand and the rapid growth of digital lenders continue to support market expansion. Rising financial inclusion, increasing smartphone adoption, and growing consumer spending across emerging economies are expected to sustain the region’s long-term growth. 

The Middle East and Africa is expected to record the fastest growth in the consumer finance market, supported by rising digital lending adoption and expanding access to formal financial services. Fintech innovation, supportive regulatory initiatives, and increasing use of installment-based credit are accelerating market development across the region. Meanwhile, South America continues to strengthen its position through growing digital banking adoption and ongoing investments in consumer lending platforms. 

Major Segments Highlighted in the Consumer Finance Market Report 

By Product Type  

Revolving Credit  
– Credit Cards 
– Overdrafts/Credit Lines  Unsecured Non-Revolving Credit  
– Personal Loans 
– Education/Student Loans 
– Medical/Healthcare Loans 
– Other Unsecured Consumer Loans  Secured Non-Real Estate Credit  
– Auto/Vehicle Finance Loans 
– Other Secured Consumer Loans (e.g., Consumer Durables, Equipment)  

By Lender  

Banks  Non-Bank Financial Companies (NBFCs)  Fintechs and Digital Lenders (including Marketplace and Embedded Finance Platforms)  Other (Credit Unions, Cooperatives) 

By Distribution Channel  

Digital Direct  Branch/In-Person  Broker/AgentEmbedded Finance/Point-of-Sale

By Term Length  

Short-Term (Up to 2 years)  Medium-Term (2–5 years)  Long-Term (More than 5 years) 

By Loan Purpose  

Debt Consolidation/Refinancing  Vehicle Purchase/Auto-related  Education  Medical/Healthcare Expenses  TravelConsumer Durables  Other Personal/Household Purposes

By Geography  

North America 
 – United States 
– Canada
– Mexico  South America
– Brazil 
 – Argentina
– Rest of South America  Europe 
– United Kingdom 
– Germany 
– France 
– Italy 
– Spain 
– Rest of Europe  Asia-Pacific 
– China 
– Japan 
– India 
– South Korea 
– Australia 
– Indonesia 
– Thailand 
– Malaysia 
– Singapore 
– Vietnam 
– Rest of Asia-Pacific  Middle East and Africa 
–  Saudi Arabia 
–  United Arab Emirates 
– Turkey 
– South Africa 
– Egypt 
– Rest of Middle East and Africa 

Overview – Consumer Finance Industry    

Study Period   

2020-2031 

Market Size in 2026 

USD 10.44 Trillion 

Market Size Forecast 2031 

USD 14.08 Trillion 

Industry Expansion 

Growing at a CAGR of 6.17% during 2026-2031 

Fastest Growing Market for 2026-2031 

Middle East and Africa projected to record the fastest growth rate 

Segments Covered 

By Product Type, By Lender, By Distribution Channel, By Term Length, By Loan Purpose and By Geography 

Regions Covered 

North America, Europe, Asia-Pacific, South America, and Middle East and Africa 

Customization Scope 

Choose tailored purchase options designed to align precisely with your research requirements. 

Consumer Finance Companies: Covers Global and Market Overview, Key Business Segments, Financial Highlights (where available), Strategic Initiatives, Market Position, Product Portfolio, and Recent Developments. 

JPMorgan Chase and Co.  Bank of America Corporation  Citigroup Inc.  Wells Fargo and CompanyAmerican Express Company  Capital One Financial CorporationDiscover Financial Services  HSBC Holdings plcBNP Paribas  Banco Santander, S.A.  Industrial and Commercial Bank of China Limited  China Construction Bank Corporation  Mitsubishi UFJ Financial Group, Inc.  DBS Group Holdings Ltd  Standard Chartered PLCPayPal Holdings, Inc.  Block, Inc.Affirm Holdings, Inc.  SoFi Technologies, Inc.  Synchrony FinancialKlarna Bank ABNubankVisa Inc.Mastercard Incorporated

Get in-depth industry insights on the consumer finance market research report: https://www.mordorintelligence.com/industry-reports/consumer-finance-market?utm_source=prnewswire 

Explore related reports from Mordor Intelligence 

Securities Brokerage Market Size: The Securities Brokerage Market is expected to grow from USD 1.74 trillion in 2025 to USD 1.91 trillion in 2026, reaching USD 2.85 trillion by 2031 at a CAGR of 8.34% during the forecast period (2026-2031). Market growth is being driven by the increasing adoption of digital trading platforms, mobile investing applications, and lower trading barriers, making securities trading more accessible to both retail and institutional investors. 

Mobile Banking Market Share: The Mobile Banking Market is segmented by service type (fund transfers, bill payments, and others), transaction type (consumer-to-consumer, consumer-to-business, and others), end user (retail consumers, small and medium enterprises (SMEs), and others), and geography (North America, South America, Europe, Asia-Pacific, and the Middle East & Africa). The market size and forecasts are presented in value (USD). 

Finance Lease Market Analysis: The finance lease market is moderately concentrated, with large bank-backed leasing companies maintaining a strong presence alongside a diverse group of independent, captive, and specialized lessors. While major providers benefit from broad funding capabilities, global reach, and the ability to finance large-value assets, smaller firms remain competitive by offering faster approvals, specialized asset expertise, and close partnerships with equipment vendors. This competitive landscape supports ongoing consolidation among leading players while leaving room for niche providers to grow. 

About Mordor Intelligence:     

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.     

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive market analysis and research reports as well as syndicated and custom research offerings that cover a wide spectrum of industries, including aerospace & defence, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

For media inquiries or further information, please contact:    

media@mordorintelligence.com
https://www.mordorintelligence.com/contact-us 

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FULTON FINANCIAL CORPORATION APPOINTS DAVID S. SCHULZ TO BOARD OF DIRECTORS

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July 21, 2026

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LANCASTER, Pa., July 21, 2026 /PRNewswire/ — Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the appointment of David S. Schulz as a member of its board of directors (the “Board”) for a term commencing September 14, 2026 and expiring at Fulton’s 2027 annual meeting of shareholders.

“We’re excited to welcome Dave to Fulton’s board of directors,” said Curt Myers, Fulton Chairman, CEO, and President. “Dave brings extensive financial leadership experience gained through more than a decade of service with publicly traded companies. His expertise in finance, strategic planning, risk, and mergers and acquisitions will provide valuable perspective as we continue to execute our growth strategy and create long-term value for our shareholders, customers and communities.”

With the addition of Schulz, Fulton’s Board will have 11 members, and he will serve on the Audit and Risk committees. Schulz has also been appointed to the board of directors of Fulton’s banking subsidiary, Fulton Bank, N.A.

Schulz served as Senior Vice President and Chief Financial Officer of Wesco International, Inc. (“Wesco”) from 2016 to June 2020, Executive Vice President and Chief Financial Officer of Wesco from June 2020 to February 2026 and as Executive Vice President and Special Advisor to the CEO of Wesco from February 2026 until his retirement on May 31, 2026. 

Prior to joining Wesco, Schulz served as Senior Vice President and Chief Operating Officer of Armstrong Flooring, Inc. and was previously Senior Vice President and Chief Financial Officer of Armstrong World Industries, Inc. and Vice President of Finance of the Armstrong Building Products division.

Before joining Armstrong World Industries in 2011, he held various financial leadership roles with Procter & Gamble and The J.M. Smucker Company. He was also an officer in the United States Marine Corps.

In 2025, Schulz joined the board of Sterling Infrastructure, Inc., and he was appointed as chair of the audit committee in 2026. He also serves on the company’s compensation and talent development committee.

ABOUT FULTON FINANCIAL CORPORATION

Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,400 employees and operates more than 215 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional information on Fulton can be found at https://investor.fultonbank.com.

Contact: Steve Trapnell
717-291-2739

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SOURCE Fulton Financial Corporation

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Octavio Marquez Elected to MSA Safety Board of Directors

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July 21, 2026

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PITTSBURGH, July 21, 2026 /PRNewswire/ — The Board of Directors of MSA Safety Inc. (NYSE: MSA), a global leader in the development of advanced industrial safety technology products and solutions, today announced that Octavio Marquez, president and chief executive officer of Diebold Nixdorf, has been elected to the company’s Board of Directors. His election was part of the MSA Board’s regular succession plans.

“We are very pleased to have the opportunity to add Octavio to the MSA Board,” said Robert A. Bruggeworth, MSA chairman. “He brings a broad range of executive leadership experience, including strategy development, capital allocation, business transformation and serving international markets, which will serve MSA well.”

“Octavio’s perspectives will be an asset to me and our entire Executive Leadership Team,” said Steven C. Blanco, MSA president and CEO. “It is a pleasure to welcome Octavio to MSA, and I look forward to working with him.”

Mr. Marquez joined Diebold Nixdorf in 2014 and has held senior leadership roles across the company’s Global Banking organization and its Americas region, including as executive vice president of Global Banking and senior vice president of the Americas. Before joining Diebold Nixdorf, Mr. Marquez held leadership positions at Dell EMC, Hewlett Packard Enterprise, IBM and NCR.

Diebold Nixdorf automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, its integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of customers every day. Headquartered in North Canton, Ohio, Diebold Nixdorf employs approximately 20,000 employees globally, supporting more than 100 countries.

Mr. Marquez holds a degree in business and finance from Universidad Iberoamericana and has completed executive education programs at MIT Sloan, The Wharton School and The University of Texas at Austin.

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced industrial safety technology products and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2025 revenues of $1.9 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania, and employs a team of approximately 5,300 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

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SOURCE MSA Safety

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BlueFolder Field Service Software Launches New AI-Powered Features to Transform How Teams Work

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July 21, 2026

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New AI capabilities instantly surface customer insights and transform technician notes into actionable summaries to help field service teams work faster, stay aligned, and deliver better service

AUBURN, Ala., July 21, 2026 /PRNewswire/ — BlueFolder field service software recently announced the launch of two powerful new AI features: AI-Powered Customer Summaries and AI-Powered Field Notes Summarization. Together, these capabilities are designed to eliminate the time-consuming, manual work of reviewing fragmented customer records and lengthy technician notes—giving field service teams instant clarity to respond faster, make smarter decisions, and deliver exceptional service.

BlueFolder expands it’s field service and work order management suite with two exciting new AI field service features.

Built directly into the BlueFolder platform, both features leverage artificial intelligence to automatically compile and summarize complex, unstructured data into clear, easy-to-read overviews. The result: technicians, dispatchers, and managers always have the context they need, right when they need it.

AI-Powered Customer Summaries

As field service organizations grow, customer information becomes increasingly scattered across emails, service request logs, and communication histories. BlueFolder’s AI Customer Summary feature addresses this challenge head-on by consolidating those interactions into a single, actionable snapshot.

Instead of manually digging through multiple records before a service call or customer interaction, teams can now access a real-time summary highlighting key concerns, past service activity, and recent updates. The feature goes beyond basic summarization and surfaces critical business insights such as equipment past due for maintenance, approaching warranty expirations, and proactive revenue opportunities, empowering teams to recommend follow-ups or upgrades directly from the customer record.

Built-in traceability links each summary back to its original source communications, so users can validate insights with confidence, ensuring both speed and accuracy in every customer interaction.

AI-Powered Field Notes Summarization

In many service organizations, technicians log updates across multiple visits, often resulting in long, fragmented notes that are difficult to review at a glance. BlueFolder’s AI Field Notes Summarization feature solves this by automatically condensing multiple technician entries into a structured summary that highlights key milestones, actions taken, and next steps.

Rather than scrolling through pages of updates, managers and dispatchers can immediately understand job status and determine what needs to happen next, improving alignment between field and office teams, accelerating decision-making, and reducing miscommunication. The feature is especially valuable for complex or multi-day jobs, where clear continuity and smooth technician handoffs are critical to delivering consistent service. It’s another featuring making BlueFolder’s work order management software capabilities stronger every day.

“History is one of the most powerful tools a service team has — the problem is it’s usually buried. BlueFolder’s new AI features fix that. Your team walks into every interaction already knowing the customer, knowing the equipment, and exactly where things stand. That changes the entire experience,” says John Shaw, VP, Technology, Service Operations.

AI as a Core Part of the BlueFolder Platform

The launch of these two features reflects BlueFolder’s broader commitment to embedding AI throughout its field service management software as an integrated layer of intelligence that makes every workflow smarter. Rather than requiring teams to change how they work, BlueFolder’s AI capabilities are designed to surface the right information at the right moment automatically, within the tools that technicians, dispatchers, and managers already use every day.

“AI is transforming what’s possible in field service, and BlueFolder is answering that call. These features are the result of deep platform expertise and a clear vision for where the industry is headed. We’re embedding intelligence throughout the platform because we know it makes our customers more competitive, more efficient, and better positioned to grow,” says Stephen Myslicki, Group President of Field Services.

Availability

Both AI-Powered Customer Summaries and AI-Powered Field Notes Summarization are available now to BlueFolder customers as optional, easy-to-enable features within the platform. They are part of BlueFolder’s growing suite of AI-driven capabilities designed to help field service organizations operate more efficiently and scale with confidence.

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SOURCE BlueFolder

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