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Data security concerns and cyber-attacks are affecting the growth of most fintech companies. However, the industry still holds immense upside potential in this digital era due to rapid technological advances based on improvements in the internet of things (IoT) and artificial intelligence (AI). According to a The Expresswire report, the Fintech market is expected to grow at an 8.6% CAGR over the next three years. As a result, both QFIN and UPST should benefit.
UPST has gained 398.9% so far this year, while QFIN has returned 58.6%. Also, UPST’s 99% gains over the past six months are higher than QFIN’s negative returns. Moreover, in terms of past months’ performance, UPST is the clear winner with 70.3% gains versus QFIN’s negative returns.
