The financial industry is one of the cornerstones of the economy; it's worth nearly $5 trillion in the U.S. alone. But the waters can get choppy at times, including now, as rapidly rising interest rates put a squeeze on credit. There are financial technology companies that are bringing innovation to consumers, but tougher credit markets have hurt their businesses.

This could be an opportunity for long-term investors; these three stocks are poised to flourish when economic conditions ease up, so consider them before the bear market ends.

Rapidly rising interest rates created two problems for Upstart Holdings (NASDAQ: UPST), which uses artificial intelligence to replace the traditional FICO credit score in approving consumer loans.

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Source Fool.com