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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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Intesa Communications Group Named ‘Customers First’ Winner in San Diego Regional Chamber of Commerce 2026 Small Business Awards

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The award-winning, women-owned San Diego public relations and government affairs firm was recognized for exceptional client service that has fueled 14 years of growth

SAN DIEGO, July 21, 2026 /PRNewswire/ — Intesa Communications Group, a leading San Diego public relations and government affairs firm, has been named the “Customers First” winner in the San Diego Regional Chamber of Commerce’s 2026 Small Business Awards. Announced July 9 at the Chamber’s annual Small Business Awards event, the recognition honors the small business whose commitment to customer service most clearly sets it apart from the competition.

Founded in 2012, the certified women-owned San Diego firm has grown from a boutique agency into one of the region’s leading public relations and government affairs firms. Intesa has doubled its team over the past two years, sustained three consecutive years of double-digit revenue growth and expanded its client portfolio by 26% last year. Intesa provides public relations, strategic communications, and government affairs services for a wide range of organizations, including San Diego State University, SeaWorld San Diego, Expedia Group, H.G. Fenton Company, San Diego Foundation, San Diego Workforce Partnership, and SBCS.

“This award belongs to every member of our team and to the clients who trust us with their most valuable asset: their reputation,” said Margie Newman Tsay, founding partner of Intesa Communications Group. “Our clients stay with us for years because we show up prepared, fully invested and ready for the moments that matter most. Being recognized for putting customers first is the highest compliment our business community can pay us.”

Intesa’s client-first approach has produced measurable results across public relations and government affairs efforts throughout the region. For example, in its first month working with the Jacobs & Cushman San Diego Food Bank, the firm helped reimagine the organization’s summer food drive messaging, generating more than 15 million impressions and helping deliver 489,026 pounds of food and $344,505 in donations — the equivalent of more than one million meals and a 175% increase from the previous year. Similarly, Logan Heights Community Development Corporation credits the firm with an 81:1 return on investment after Intesa parachuted in to help the nonprofit promote the California Mortgage Relief Program.

“Small businesses are the heart of our economy: fueling innovation, creating jobs and defining the character of communities across the San Diego region,” said Chris Cate, president and CEO of the Chamber. “We celebrate the resilience, ingenuity and community impact of our small business leaders. They are the very spirit behind our purpose to champion business and empower leaders.”

The Chamber award is as much a reflection of Intesa’s clients as it is the firm itself. The opportunity to partner with organizations doing meaningful work across the region is what makes recognition like this possible. True to form, the Intesa team plans to mark the win by thanking the clients behind the work.

“We call ourselves dot connectors, and this award is what that looks like in practice,” said Maddy Kilkenny, partner at Intesa Communications Group, who leads the firm’s government affairs practice. “Whether our team of 10 people is helping a client navigate a policy decision at City Hall or a story on the front page of the newspaper, we aim to leave them stronger and more confident than before. Hearing our clients say we deliver on that is the best win of all.”

According to the Chamber’s award requirements, businesses with 100 or fewer employees were eligible for nomination. They were voted on by a panel of chamber members, who reviewed the nominations and selected the winners of all four categories.

The recognition adds to more than 60 awards Intesa has earned for excellence in public relations, strategic communications, and public affairs, including honors from PR News, the Public Relations Society of America, PR Daily, the International Association of Business Communicators, the San Diego Business Journal (SDBJ), MARCOM, and the American Marketing Association, among others. It also comes on the heels of two Intesa team members, Emily Alvarenga and Margaret Lutz Chantung, recently receiving SDBJ’s “40 Under 40” and “Indispensable” awards, respectively.

For more information about Intesa Communications Group, visit www.intesacom.com.

About Intesa Communications Group
Intesa Communications Group is a certified women-owned San Diego public relations and government affairs firm that helps leaders communicate and advocate with confidence. Since 2012, Intesa has partnered with the region’s trusted leaders and organizations, providing strategic communications and public affairs counsel on high-stakes issues at the intersection of reputation, policy and public perception. The firm’s work has earned more than 60 industry awards across 53 recognized client campaigns, including the San Diego Regional Chamber of Commerce “Customers First” 2026 award. Learn more at www.intesacom.com.

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SOURCE Intesa Communications Group

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The Inner Circle acknowledges Shankari Thiagarajan as Pinnacle Professional of The Year

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HOUSTON, July 21, 2026 /PRNewswire/ — Prominently featured in The Inner Circle, Shankari Thiagarajan is acknowledged as a Pinnacle Professional of The Year for her contributions to Information Technology and Agile Delivery.     

Shankari Thiagarajan has established a distinguished career in information technology project and program management, recognized for her expertise in agile delivery, digital transformation, and cross functional leadership across multiple industries. Currently serving as project manager and scrum master at Astellas Pharma Inc., she oversees agile delivery initiatives supporting global life science programs.

With more than 15 years of experience spanning technology and pharmaceutical sectors, Ms. Thiagarajan has developed a reputation for leading complex implementations and driving operational efficiency. Her expertise includes agile methodologies, project and delivery management, product ownership, healthcare IT, telecom and network optimization, financial services modernization, retail technology upgrades, and GIS and digital mapping solutions.

Ms. Thiagarajan earned a Master of Business Administration in Organizational Leadership from Campbellsville University, a Master of Science in Information Systems from Virginia Tech, and a Bachelor of Engineering in Information Technology from Jawaharlal Nehru Technological University College of Engineering Hyderabad.

Throughout her career, she has contributed to major organizations across a wide range of industries. Her accomplishments include leading agile transformations at Cigna, overseeing retail technology upgrades at Walmart, managing large scale telecom transformation initiatives at T Mobile and Verizon, and modernizing financial platforms at Security Finance. She also contributed to the early development of Google Maps during her tenure at Google India, advancing to team lead within a year.

In addition to her corporate achievements, Ms. Thiagarajan is the creator of the YouTube channel My Experiments with Life – #Positivity #Learning, launched in 2023. Through this platform, she shares motivational content and insights focused on personal growth, technology, spirituality, and lifelong learning.

Her professional accomplishments have been recognized through honors including Marquis Who’s Who 2026, a featured podcast interview with Jim Masters on Close Up TV hosted across Apple Radio, Spotify, and iHeart., recognition in The National Law Review & EIN Presswire, and a certificate of appreciation from Virginia Tech for academic excellence and community involvement.

Outside of her professional work, Ms. Thiagarajan enjoys creating motivational YouTube content, exploring technology and spirituality, listening to contemporary music, and pursuing philanthropic and educational interests. She credits her strong work ethic and determination to the example set by her parents.

Looking ahead, she plans to continue advancing her leadership capabilities and pursue executive level opportunities that allow her to make significant contributions within the information technology sector.

Guided by a philosophy rooted in courage, persistence, and continuous learning, Ms. Thiagarajan remains committed to professional growth while inspiring others to pursue excellence and self-improvement.

Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com

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SOURCE The Inner Circle

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University of Phoenix Leaders Present at Building Blackboard Together 2026

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Presentations explored learning technology, accessibility and online pedagogy as higher education adapts to an AI-enabled future

PHOENIX, July 21, 2026 /PRNewswire/ — University of Phoenix leaders shared insights on artificial intelligence, accessibility, online learning and student support at Building Blackboard Together 2026, Blackboard’s flagship user conference, held July 13-15 in Dallas, Texas. The conference brought together educators, institutional leaders and industry experts to explore innovations, technologies and emerging practices shaping the future of teaching and learning.

Representing University of Phoenix were Marc Booker, Ph.D., vice provost of strategy; Kelly Hermann, vice president of Accessibility and Student Affairs; and Erin Amsden, group product manager. Through presentations and panel discussions, the leaders shared perspectives on responsible AI adoption, accessibility leadership, student engagement and the evolving role of learning technologies in supporting institutional goals and student success.

“Building Blackboard Together provides an opportunity to engage with peers across higher education who are navigating many of the same opportunities and challenges around technology, accessibility and learning mobility,” said Dr. Booker. “These conversations help advance practical approaches for supporting learners while thoughtfully integrating innovation into the educational experience.”

During the conference, University of Phoenix was also recognized with the 2026 Blackboard Catalyst Award for Ethical AI Leadership, which honors institutions advancing responsible, transparent and inclusive approaches to artificial intelligence that promote trust and equitable outcomes for learners and educators. The recognition follows the University’s ongoing efforts to support AI literacy, responsible use and AI-enabled learning experiences.

Exploring the Expanding Role of the Learning Management System

As part of the Strategic Leadership Summit, Booker served as a panelist for “The LMS as Mission-Critical: Connecting Learning, Experience & Evidence.” The session examined how learning management systems are evolving beyond course management to support learning, engagement and institutional insight across the student lifecycle.

Panelists discussed how institutions are leveraging learning technologies alongside student information systems to support teaching and learning, advising, co-curricular engagement and data-informed decision-making while addressing increasing expectations surrounding artificial intelligence, student success and accountability.

Sharing Lessons from AI-Powered Student Support

Booker also presented “Scaling AI-Powered Support Across the Student Experience at University of Phoenix,” a session focused on the University’s process for expanding its AI support assistant across the online classroom environment, moving from proof of concept to full-scale deployment over a six-month period.

In addition, Booker participated in “Online Pedagogy to Drive Institutional Growth: Best Practices and Success Stories,” a panel discussion exploring how institutions are designing engaging online learning experiences and leveraging Blackboard technologies to support quality course delivery and student engagement.

Advancing Accessibility Leadership

Hermann joined the session “Communicating Up: Turning Accessibility Work into Leadership-Ready Stories.” The presentation focused on strategies for translating accessibility initiatives into narratives, evidence and visualizations that resonate with institutional leaders.

The discussion explored ways to connect accessibility efforts to broader institutional priorities, demonstrate impact through data and support informed decision-making that advances accessibility and learner success.

Examining Emerging Challenges in Artificial Intelligence

Amsden served as a panelist for “Agentic AI in Pedagogy: Threats and Opportunities.” The session addressed the growing influence of agentic AI and its implications for academic integrity, assessment design and learner engagement.

Panelists explored how technology, pedagogy and security practices can work together to promote authentic student work while helping institutions balance innovation with responsible AI implementation.

Contributing to the Future of Teaching and Learning

Amsden, Booker and Hermann are key members of University of Phoenix’s dynamic leadership team, frequently invited to share their expertise at prestigious national conferences and events. In 2026, University leaders will participate in the ASU + GSV Summit, 1EdTech Learning Impact Conference, SXSW EDU Conference, and PESC Data Summit. These engagements underscore the University’s commitment to innovation and thought leadership in higher education, providing valuable insights and fostering collaborations that drive the future of learning.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu.

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SOURCE University of Phoenix

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