Access to credit for many European consumers is restricted despite a developed payment infrastructure
The European vs. US consumer credit market gap is €1.1 trillion, despite both economies being broadly the same size. Consumer credit (excluding mortgages and student loans) is just 5.2% of GDP in Europe vs. 12.5% in the United States.
Based on historical data, credit card ownership in Europe will take 20 years to reach current levels reported in the United States.
Moreover, we see:
1) European consumers now seeking more sophisticated and personalised mobile products
2) Regulatory changes creating opportunity for new entrants
3)Traditional providers exiting the market through more onerous capital requirements and an inability to adapt to the speed of technological advancement
Note: Data as of 2017, and from a variety of sources including NY Federal Reserve, European Central Bank and World Bank Global Findex Database; as well as EuroOne analysis.
Our purpose is to provide consumers across Europe with seamless access to individualised financial services of the highest quality to help people improve their lives and financial health.
We believe all individuals should have the ability to access financial services digitally – anytime, anywhere – and deliver user-friendly and tailor-made products to European consumers quickly.
We are using AI, consumer behaviour analytics, psychometrics and big data to democratise financial services.
We cater to all individuals across the credit spectrum in Europe – but are focused on the underserved market.
We use data to reach the
Right customers with the
Right messages on the
Right platform at the
Right moment in real time.
A premium service tailored to an individual's situation and needs should be available to everyone. With our technology and extensive financial services and banking experience, we have the ability to achieve this and ensure all individuals in Europe are able to access appropriate credit.
Access to credit for many European consumers is restricted despite a highly developed payment infrastructure.
EuroOne companies provide intelligent financial services for consumers across Europe
