Five reasons why digital transformation in lending is increasing access to credit

Posted by Simon Hawtin on May 3, 2019 5:59:48 PM

In recent years, SMEs, particularly those at the smaller end of the market, have faced well-documented struggles to access credit. Banks and financial institutions have significantly cut back on business lending due to the high costs of acquisition, delivery and servicing, and the limitations of legacy technology and processes.

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Topics: SMEs, lending-as-a-service, digital transformation