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How Real-Time Gym Data Powers Dynamic Fitness Loans
Lucas and Luna explore how fintech lenders are using real-time data from gym memberships, wearable fitness trackers, and class attendance to create dynamic fitness loans. They discuss a pilot program with a major gym chain that reduced default rates by 30 percent by adjusting interest rates based on members' workout consistency. The episode covers the data sources, the underwriting model, the ethical considerations around privacy, and what this means for the future of consumer lending. If you're curious about how your step count could influence your loan terms, this is the…
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