BUILDING FUNDING BRIDGES: OVERCOMING THREE KEY BARRIERS
usable form. Or that you’re not ruining the customer experience by asking applicants to provide extra data for you. To deliver real-time decisions that support world-class SME lending experiences, you need to upgrade to a solution that makes it quick and easy to pull in the right data exactly when it’s needed. This means no longer relying on personal credit scores to decision business loans, but instead looking to business financial data, such as accounting documents and tax returns, to get a deeper understanding of business health and decisioning loans based on a prediction of future business success. When you have this volume of data and the technology to access, orchestrate and process it, you can implement risk decisioning tools that can accurately take an application from data to decision in under a second.
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