Banking Technology

Financial innovation a lifeline for SME funding

Publication: Banking Technology
13th February 2017

An article inBanking Technologyreveals that Financial innovation is unlocking additional funding for small businesses. The article states that:

“To unlock additional funding, innovation has to focus on finding better ways to assess business risk, for example by gaining access to more timely and accurate transaction data, seizing “big data” insights, or leveraging the rise of cloud accounting to see “live” business performance. At the same time, it is important to find ways to reduce the operational costs of underwriting and to insure risk or secure funding against future income streams. These innovations are making it possible for a much broader range of businesses to be funded on terms that are attractive.”

Click here to read the article online or see the image below.