Securing bank financing for a small business (SMB) is neither fast nor easy, but the people running those SMBs need it to be both. For financial institutions (FIs), too, it’s in the bank’s best interest to move the process along. Small business borrowers expect quick decisions. Data can empower banks to improve the their experience. Data can also enable growth as banks gain more and better information about their customers. In this video, Steve Brennan speaks with Bank Director and outlines how banks can confront the challenges they face in making the most of their data.
How Data Has Transformed Lending
The Benefits of Leveraging Data
The Challenges Banks Face
Addressing Data Deficiencies