January 13, 2024

Epic Predictions!

Picture of Jim Stewart

Jim Stewart

CEO, Epic Research

Three Things We’re Hearing

A four-minute read

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Epic Predictions!!!

2023 Prediction Review

Although Discover and PayPal each lost their CEO this year, I guess we technically missed this one as neither company is known as a “large bank,” but we’ll take half credit as they represent two large financial services companies (and Discover has a bank!)

Credit card mail volume did outperform other lending products in 2023. However, through November 2023, volume was actually 16% below that of 2022

As far as we know, there was no BNPL explosion in 2023, and companies such as Affirm (which lost $707.4 million in 2022) and Klarna ($1 billion 2022 loss) continue to grow, so we’ll put this one to rest for a year (even though we still wouldn’t want to be involved in a monoline BNPL operation!)

Shake Up in 2023 Personal Loan Market!

Our Takeaways

Cobrand Card Offers Becoming Less Prevalent in the Mail

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