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Consumer Credit Industry Report 2024 – Global Market Size, Share, Trends, Opportunity, & Forecast 2019-2029

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DUBLIN, March 6, 2024 /PRNewswire/ — The “Consumer Credit Market – Global Industry Size, Share, Trends, Opportunity, & Forecast 2019-2029” report has been added to  ResearchAndMarkets.com’s offering.

The Global Consumer Credit Market was valued at USD 10.8 billion in 2023 and is anticipated to grow with a CAGR of 4.8% through 2029, reaching USD 14.2 billion.

The global consumer credit market plays a pivotal role in the modern financial landscape, acting as a catalyst for economic growth and personal financial empowerment. It encompasses a wide array of financial products and services designed to facilitate borrowing for individuals, ranging from credit cards and personal loans to mortgages and installment plans.

Consumer credit is a driving force behind consumer spending, enabling individuals to make purchases and investments beyond their immediate financial means. Credit cards, for instance, provide convenient access to short-term credit, while mortgages allow individuals to acquire homes. Personal loans and installment plans support various other expenditures, contributing to economic activity.

Financial institutions, including banks, credit unions, and online lenders, are key players in the consumer credit market. They evaluate creditworthiness through credit scoring systems, assessing an individual’s financial history, income, and other factors to determine the risk associated with lending.

The market’s dynamics are influenced by economic conditions, interest rates, and regulatory frameworks. Shifts in consumer behavior, technological advancements, and global economic trends also impact the landscape. Managing credit responsibly is essential for individuals to maintain financial health, and innovations such as fintech solutions continue to shape the market, offering new ways for consumers to access credit and manage their finances.

In conclusion, the global consumer credit market is a dynamic and multifaceted sector that significantly impacts individuals’ purchasing power, economic growth, and financial stability on a global scale.

Segmental Insights

Credit Type Insights

Revolving credit has emerged as a dynamic and growing segment within the consumer credit market, offering individuals a flexible and accessible financial tool. Unlike traditional installment loans, revolving credit allows borrowers to access a predetermined credit limit and repeatedly borrow and repay funds within that limit. Credit cards are a common example of revolving credit, providing users with the flexibility to make purchases, repay balances, and reuse the available credit.

The growth of revolving credit can be attributed to several factors. Firstly, consumers increasingly value the convenience and immediacy offered by revolving credit products, aligning with the fast-paced nature of modern financial transactions. Additionally, financial institutions and credit card issuers are leveraging technology to enhance the user experience, with features like mobile apps and real-time transaction monitoring.

The flexibility of revolving credit aligns with changing consumer preferences, emphasizing control and customization in managing their finances. Furthermore, as the global economy embraces digital payments and online commerce, the demand for revolving credit instruments is likely to continue its upward trajectory. This growing segment underscores the evolving nature of consumer credit, where adaptability and user-centric features play pivotal roles in shaping the financial tools available to individuals in today’s dynamic economic landscape.

Issuer Insights

Banks continue to be a vital and evolving segment in the consumer credit market, playing a crucial role in shaping financial landscapes globally. As financial institutions adapt to the digital era, traditional banks are leveraging technology to enhance customer experiences and streamline lending processes. Online and mobile banking platforms offer consumers convenient access to a diverse range of credit products, including personal loans, mortgages, and credit cards.

Moreover, the growing trend of open banking has spurred increased collaboration between traditional banks and innovative fintech players. Open banking initiatives facilitate the secure sharing of financial data, enabling banks to leverage a broader spectrum of information for more informed credit assessments. This collaboration enhances the efficiency and accuracy of lending decisions, benefitting both banks and consumers.

Banks also contribute to the growing consumer credit market by tailoring products to meet the evolving needs of diverse customer segments. Personalized loan offerings, competitive interest rates, and loyalty programs are among the strategies employed to attract and retain customers.

Furthermore, banks play a pivotal role in promoting financial inclusion by extending credit facilities to underserved populations, contributing to economic growth and stability. As the financial industry continues to evolve, banks remain at the forefront of shaping the consumer credit landscape, employing innovation and customer-centric approaches to meet the demands of an ever-changing market.

Regional Insights

Europe stands out as a dynamic and growing segment in the consumer credit market, showcasing a unique blend of traditional financial practices and technological advancements. The continent’s diverse economies, regulatory frameworks, and cultural nuances contribute to a rich tapestry of consumer credit trends.

In recent years, Europe has witnessed a notable surge in fintech innovation, with emerging players disrupting traditional banking models. Online lending platforms, peer-to-peer lending, and digital payment solutions have gained popularity, offering consumers alternatives to conventional banking channels. These innovations emphasize accessibility, speed, and user-friendly interfaces, aligning with the preferences of a digitally savvy population.

Open banking initiatives across Europe have fostered collaboration between traditional financial institutions and fintech disruptors. This collaboration has led to increased competition, driving the development of innovative credit products, improved customer experiences, and more efficient lending processes.

Additionally, the European consumer credit market reflects a growing emphasis on sustainable finance. As environmental, social, and governance (ESG) considerations gain prominence, financial institutions in Europe are incorporating ESG factors into their lending decisions, contributing to a more responsible and ethical approach to consumer credit.

Despite variations among European countries, a shared commitment to financial inclusion is evident. Efforts to extend credit access to underserved populations, coupled with regulatory measures promoting responsible lending, contribute to the overall growth and stability of the consumer credit market in Europe. As the continent continues to navigate economic challenges and technological evolution, Europe remains a vibrant and evolving segment within the global consumer credit landscape.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Consumer Credit market.

Bank of AmericaBarclaysBNP ParibasChina Construction BankCitigroupDeutsche BankHSBCIndustrial and Commercial Bank of ChinaJPMorgan ChaseMitsubishi UFJ Financial

Report Scope

Consumer Credit Market, By Credit Type:

Revolving CreditsNon-revolving Credits

Consumer Credit Market, By Issuer:

BanksFinance CompaniesCredit UnionsOthers

Consumer Credit Market, By Payment Method:

Direct DepositDebit CardOthers

Consumer Credit Market, By Region:

North AmericaUnited StatesCanadaMexicoEuropeFranceUnited KingdomItalyGermanySpainAsia-PacificChinaIndiaJapanAustraliaSouth KoreaSouth AmericaBrazilArgentinaColombiaMiddle East & AfricaSouth AfricaSaudi ArabiaUAETurkeyEgypt

For more information about this report visit https://www.researchandmarkets.com/r/hz6y9

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets

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Tusker Acquires Fortress SRM to Expand Cybersecurity Services

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Adds New Cybersecurity Expertise, 24/7 Security Operations Center and Ohio Valley Presence

CHICAGO, Sept. 2, 2026 /PRNewswire/ — Tusker, a full-service technology solutions provider with clients across the country, today announced the acquisition of Fortress SRM, a Cleveland-based firm specializing in cybersecurity services. The acquisition adds nearly 50 cybersecurity professionals to the Tusker team, provides new security capabilities including 24/7 oversight, and expands Tusker’s geographic footprint with a sixth regional hub.

Founded in 2018, Fortress SRM serves customers across Ohio, northern Michigan and Wisconsin with a team of approximately 50 cybersecurity professionals. Its capabilities span security consulting and advisory services, virtual CISO leadership, managed security, incident response and digital forensics, and a 24/7 Security Operations Center (SOC) that delivers around-the-clock threat detection, analysis and remediation support.

The acquisition is the latest step in a strategic expansion campaign that has grown Tusker from its roots as a Chicago-based IT hardware distributor to a full-stack technology provider with more than 400 employees and regional hubs in Chicago, Boston, Green Bay, Duluth, Eau Claire and now Cleveland.

It marks Tusker’s fifth acquisition since 2017 and its first since unifying its portfolio companies under the Tusker brand earlier this year. Additional acquisitions are planned as the company continues building its geographic reach.

Expanding the Tusker Platform

The acquisition brings together two organizations with complementary strengths: Fortress SRM’s deep cybersecurity expertise, Tusker’s broader technology capabilities and geographic reach, and the high-touch service and trusted relationships that have been central to both organizations. It also advances a Tusker initiative to aggressively expand its services business.

“Fortress SRM brings exactly the kind of expertise and customer-centered culture that has defined every company we have acquired over the last nine years,” said Matt Zafirovski, CEO of Tusker. “This acquisition expands our cybersecurity team and related service capabilities, plants a flag for Tusker in the Ohio Valley, and strengthens our ability to be a trusted technology partner across the customer’s entire IT environment.”

The transaction also provides significant benefits to Fortress SRM’s cybersecurity customers.

“Many of our cybersecurity clients want a trusted partner who can support all of their IT needs, from desktops, servers and networks to technology planning, modernization and managed services,” said Jess Walpole, President of Fortress SRM. “Joining forces with Tusker gives them that convenience, along with a larger team and the same personal service they have come to expect from us.”

About Tusker

Tusker is a mid-market IT solutions provider that blends a broad portfolio of advisory, professional, managed and lifecycle technology solutions with a focus on building long-term client partnerships through a combination of IT expertise and highly personalized service. The firm operates from multiple regional hubs, serving clients ranging from local organizations to national brands. For more information, visit www.tuskerco.com.

View original content:https://www.prnewswire.com/news-releases/tusker-acquires-fortress-srm-to-expand-cybersecurity-services-302867089.html

SOURCE ACP/Tusker

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Peerspace Launches All Inclusive Venues: A New Way to Book Venue, Food, and Service in a Single Reservation

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The new category launches today in New York, San Francisco, Los Angeles, and London, with
Chicago and Atlanta joining by the end of the year

SAN FRANCISCO, Sept. 2, 2026 /PRNewswire/ — Peerspace, the leading marketplace for hourly venue rentals for events, productions, and meetings, today announces the launch of All Inclusive Venues, a new booking category that lets guests reserve the space, food, and drinks together in a single reservation. Peerspace, which recently crossed $800M in total booking value since its founding in 2014, is expanding the category across its marketplace.

Peerspace launches All Inclusive Venues – book space, food, and drinks in one reservation.

This new category is currently live in New York, San Francisco, Los Angeles, and London, with Chicago and Atlanta joining by the end of the year. Looking ahead, Peerspace plans to bring All Inclusive Venues to additional markets, starting with Washington D.C., Miami, Toronto, Dallas, San Diego, and Seattle, followed by Austin, Denver, and Houston. Peerspace expects to add over one thousand All Inclusive Venues to its marketplace in the coming months.

All Inclusive Venues are designed to remove the back-and-forth that typically comes with booking a full-service space. Guests see one all-in price upfront without needing to submit a ‘contact us’ form or wait for a call back. A few standout Peerspace All Inclusive Venues include:

Wandering Barman (Brooklyn, NY)Telephone (Brooklyn, NY)The Academy SF (San Francisco, CA)Rick & Roxy’s (San Francisco, CA)

“We wanted to take the guesswork out of party planning. No more juggling five vendors and not knowing what the night will ultimately cost,” says Rony Chammas, Founder and Chief Growth Officer, Peerspace. “All Inclusive Venues allow guests to lock in their venue, food, drinks, and staff all in a single booking with clear upfront pricing.”

For hosts, All Inclusive Venues creates a new source of customer awareness and demand without any ongoing fees. Hosts can list their business on Peerspace for free, opening up their venues to clientele beyond traditional events, including corporate meetings and productions, while gaining access to Peerspace’s advanced tooling, including custom proposals, calendar sync, and a performance metrics dashboard.

New All Inclusive Venue hosts point to Peerspace’s impact on their business:

“Peerspace has been a great partner to help market our venue to new customers. We opened last year and started receiving private event and production inquiries within the first few weeks.” — Bryan S., Quick Eternity, New York, NY

“Peerspace is by far the best third-party platform we’ve partnered with when it comes to generating leads. It’s helped us significantly increase bookings for our upstairs private room.”

— Shannon H., Country Club, Chicago, IL

“Peerspace has been a great platform to work with, helping us connect with new clients and introduce our venue to a wider audience. The platform is easy to use, and their team has always been responsive whenever we’ve had questions or needed support.”

— Dave C., Skylark & Soundtrack, San Francisco, CA

All Inclusive Venues also debuted this year as one of two new categories in Peerspace’s fourth annual Open Door Awards, which recognize over 800 exceptional spaces across 23 cities in the United States, Canada, Australia, the United Kingdom, and France. To browse All Inclusive Venues, visit peerspace.com and apply the “Food and drink included” filter. To list your All Inclusive Venue on Peerspace, visit try.peerspace.com/all-inclusive-venues.

About Peerspace 

Peerspace is the leading marketplace for hourly venue rentals for meetings, productions, and events. By opening doors to the most inspiring spaces worldwide, Peerspace empowers creativity while enabling hosts to earn additional income. The company connects guests with 50,000+ unique spaces, ranging from lofts and mansions to storefronts and studios. Founded in San Francisco in 2014, Peerspace is backed by investors including GV (Google Ventures) and Foundation Capital. Discover inspiring spaces to meet, create, and celebrate at www.peerspace.com

Media Contact: press@peerspace.com

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SOURCE Peerspace

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ChainIT Launches “Provable Authority” as U.S. Generative AI-Enabled Fraud Losses Are Projected to Reach $40 Billion by 2027

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New white paper introduces pre-execution authority controls for employees, owners, organizations, workflows and AI agents—before money moves

SCOTTSDALE, Ariz., Sept. 2, 2026 /PRNewswire/ — ChainIT, a digital verification and compliance platform that helps organizations validate identities, businesses, authority and compliance status through trusted data sources and auditable workflows, today announced the release of “Provable Authority,” a technical white paper introducing a pre-execution framework for determining whether a person, business, workflow or autonomous AI agent is authorized to perform one exact action before money, data, assets or contractual rights move.

Deloitte’s Center for Financial Services projects that generative-AI-enabled fraud losses in the United States could reach $40 billion by 2027, up from $12.3 billion in 2023.[1] The Global Anti-Scam Alliance estimates that $442 billion was lost to scams across 42 surveyed markets during the preceding year.[2]

Financial institutions and businesses have invested heavily in authentication, transaction monitoring and fraud detection. Yet a valid login, signature or cryptographic key does not necessarily prove who granted the underlying authority, whether it remains current, what limits apply or whether the final instruction matches what was approved. The problem already affects employee wires, owner approvals, vendor payments and treasury operations. Autonomous AI magnifies the exposure by operating continuously, across systems and at machine speed.

Provable Authority addresses both the longstanding business-authority problem and the emerging agentic authority problem. The white paper introduces the ChainIT Authority Protocol and its Agent Subject Profile, connecting verified identity, organizational authority, delegated scope, sourced evidence, deterministic controls, transaction capacity and exact instruction approval. It is designed to answer a critical question before execution: Is this employee, owner, representative, workflow or AI agent currently authorized to perform this exact transaction?

“Like almost everyone, I am flooded with scam texts, emails, calls and voicemails designed to make me trust someone who may not be who they claim to be. AI can now clone voices, recreate faces and make fraudulent instructions more convincing and more difficult to detect. That is why identity alone is no longer enough,” said Jeremy Blackburn, Chief Executive Officer of ChainIT. “Before money moves, organizations need to verify that the employee, owner, representative, workflow or AI agent is actually authorized to take that specific action, within defined limits, at that moment. Provable Authority is designed to help prevent the fraud people and businesses are experiencing today while establishing the controls needed for the agentic economy already emerging. I am incredibly proud of the ChainIT team for developing a practical, forward-looking solution to one of the most urgent trust and security challenges in modern commerce.”

Core Technical Pillars

Verified authority chains: ChainIT ID, ChainIT Org ID and Authority Resolution Pactvera connect the acting party to the verified person, organization, role and delegation behind the action.Deterministic pre-execution controls: Versioned authority policies, sourced evidence and rules-based workflows return explicit outcomes such as Allow, Step-Up, Hold, Reject or Prohibit.Transaction-bound authorization: A canonical transaction digest binds the payer, payee, destination, amount, currency or asset, payment rail and other material terms to approval and execution.Agent containment and immutable evidence: Scoped session credentials, single-use execution authorization, capacity controls, append-only Validated Data Tokens and Valitorum preserve what was authorized and what occurred.

“The technical breakthrough is the separation of authentication, delegated authority, proposal activity and final execution,” said Matt Koepp, Chief Technology Officer of ChainIT. “An AI agent may evaluate information and propose an action, but deterministic controls decide whether the action is within scope, whether authority remains current, whether capacity is available, whether human approval is required and whether the exact instruction may be committed.”

Financial institutions, technology companies, developers, compliance leaders and enterprise organizations can download “Provable Authority” at https://chainit.com/chainit_provable_authority_whitepaper/

About ChainIT

ChainIT provides digital identity, business verification, compliance, and auditable workflow solutions that help organizations establish trust across business relationships. ChainIT’s platform supports KYB, KYC, identity verification, authority validation, beneficial ownership workflows, sanctions and watchlist screening, compliance documentation, ongoing monitoring, and immutable audit evidence through Validated Data Tokens (VDTs).

By helping organizations verify people, businesses, authority, and compliance status through trusted data sources and automated workflows, ChainIT enables customers to reduce risk, streamline onboarding, improve transparency, and make critical operational decisions based on verified and current information.

www.chainit.com

Source Notes
[1] Deloitte, “Deepfake banking and AI fraud risk.”
[2] Global Anti-Scam Alliance, “Global State of Scams 2025” and “GASA Policy Agenda 2026.”

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SOURCE ChainIT Inc

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