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SME Lending in the uk

Economic uncertainty impacting SME lending in the UK

The eagerly awaited findings from the Small Business Finance Markets 18/19 research report have been published by the British Business Bank this month and it paints a cautionary tale due to increased economic uncertainty. Held as a barometer for the attitudes and behaviours of the UK small business community, the report revealed two broad themes.

Read More »
Validis French Connection

The Validis French Connection

Validis Staff Interviewby Sheena VanDeVanter When I first met Geraldine Peyer, Sr. Customer Support Specialist at Validis, I was immediately taken by her charming French accent.  Overhearing her on the phone was more like listening to lilting poetry than detailed technical support, something she provides to our clients on a daily basis. I recently had the

Read More »
Accounting data

What’s Better Than Alternative Data? Accounting Data.

Today, we hear about newer, cutting-edge “alternative data” categories like social behavior. While these new data types certainly have value, accounting data can provide a deep level of insight into an SME, enabling lenders to offer higher value, personalized services to potential customers and build a satisfied, loyal client-base. The daily decisions and transactions a small business

Read More »
SME Lender

Are You A Data-Enabled Lender?

We’ve all heard the expression, “Data is King.” To make effective decisions of any kind requires acquiring and analyzing data, and we can all agree that this is especially true for financial institutions. Yet, for decades, many have based small-business lending decisions on outdated data points such as FICO scores or tax returns. Even worse,

Read More »
traditional vs non-traditional lenders

Traditional vs Non-Traditional Lenders – Who is Winning and Why?

In today’s commercial lending landscape online lenders continue to gain ground over traditional banks.  Small and medium sized business owners are hungry for capital and would often rather pay a higher rate for a quick turnaround (as is typical of digital lenders) than a better interest rate but with a lengthy application process. Usually they are

Read More »
Grey hair

Increased Profit + Lower Stress = Happy Customers and Banks

I like things that are easy. Who doesn’t? The 80/20 rule is one of those things. It’s easy to understand, but perhaps better yet, it applies across a such a wide swath of topics that I think it’s fair to say it’s universal. For instance, I’m pretty sure 80% of my gray hair comes from

Read More »
Efficient SMB Lending

Taking SMB Lending From Inefficient to Effective

Historically, business lending has been riddled with manual, labor-intensive processes, taking anywhere from 35 to more than 120 days to complete. The process typically starts with the lender requesting a mile-long list of financial reports, including balance sheets and financial statements, bank statements, tax returns, accounts payable and receivable, details about the vendors on those

Read More »
financial data

4 Key Areas SMB Lenders Can Improve with Better Financial Data

For too long, lenders have based small-business lending decisions on outdated data points such as FICO scores or tax returns. Unfortunately, this data is often skewed and inconsistent with the health and viability of the business. One of the most valuable assets for SMB lenders, however, is accurate, complete and current financial data. Without it, loan decisioning is

Read More »
SME Lending in the uk

Economic uncertainty impacting SME lending in the UK

The eagerly awaited findings from the Small Business Finance Markets 18/19 research report have been published by the British Business Bank this month and it paints a cautionary tale due to increased economic uncertainty. Held as a barometer for the attitudes and behaviours of the UK small business community, the report revealed two broad themes.

Read More »
Validis French Connection

The Validis French Connection

Validis Staff Interviewby Sheena VanDeVanter When I first met Geraldine Peyer, Sr. Customer Support Specialist at Validis, I was immediately taken by her charming French accent.  Overhearing her on the phone was more like listening to lilting poetry than detailed technical support, something she provides to our clients on a daily basis. I recently had the

Read More »
Accounting data

What’s Better Than Alternative Data? Accounting Data.

Today, we hear about newer, cutting-edge “alternative data” categories like social behavior. While these new data types certainly have value, accounting data can provide a deep level of insight into an SME, enabling lenders to offer higher value, personalized services to potential customers and build a satisfied, loyal client-base. The daily decisions and transactions a small business

Read More »
SME Lender

Are You A Data-Enabled Lender?

We’ve all heard the expression, “Data is King.” To make effective decisions of any kind requires acquiring and analyzing data, and we can all agree that this is especially true for financial institutions. Yet, for decades, many have based small-business lending decisions on outdated data points such as FICO scores or tax returns. Even worse,

Read More »
traditional vs non-traditional lenders

Traditional vs Non-Traditional Lenders – Who is Winning and Why?

In today’s commercial lending landscape online lenders continue to gain ground over traditional banks.  Small and medium sized business owners are hungry for capital and would often rather pay a higher rate for a quick turnaround (as is typical of digital lenders) than a better interest rate but with a lengthy application process. Usually they are

Read More »
Grey hair

Increased Profit + Lower Stress = Happy Customers and Banks

I like things that are easy. Who doesn’t? The 80/20 rule is one of those things. It’s easy to understand, but perhaps better yet, it applies across a such a wide swath of topics that I think it’s fair to say it’s universal. For instance, I’m pretty sure 80% of my gray hair comes from

Read More »
Efficient SMB Lending

Taking SMB Lending From Inefficient to Effective

Historically, business lending has been riddled with manual, labor-intensive processes, taking anywhere from 35 to more than 120 days to complete. The process typically starts with the lender requesting a mile-long list of financial reports, including balance sheets and financial statements, bank statements, tax returns, accounts payable and receivable, details about the vendors on those

Read More »
financial data

4 Key Areas SMB Lenders Can Improve with Better Financial Data

For too long, lenders have based small-business lending decisions on outdated data points such as FICO scores or tax returns. Unfortunately, this data is often skewed and inconsistent with the health and viability of the business. One of the most valuable assets for SMB lenders, however, is accurate, complete and current financial data. Without it, loan decisioning is

Read More »
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