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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,
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
Put Yourself in the Seat of Your SMB Borrower’s Financial Controller
As SMB lending strengthens and evolves, financial institutions must look for ways to improve their process to not only be more efficient but also foster better customer experiences. The good news is that there are proven methods available to do so.
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For too long, lenders have based small-business lending decisions on outdated data points such as FICO scores or tax returns.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,
Financial Data – The Wave of the Future
Technological advances are changing the way lenders service the SMB market. With financial data sharing, lenders are now empowered to
The Pain Points of “Going Digital” with Data
The benefits of digitization are significant for both lenders and the SMEs they serve. However, for many institutions, “going digital”
Dealing with Data Overload
Regardless of whether you are a product- or relationship-oriented SME lender (read our earlier post), data is essential for growth.
Are You Leveraging the Right Data?
New data sets are paraded before the lending market constantly, each promising to provide all the information needed to understand customers
Product vs. Relationship SME Lending
As SME lending strengthens and evolves, two categories of lenders have emerged: product oriented and relationship oriented. Product-oriented Lenders Product-oriented lenders