Maximize Value Across the Entire Customer Lifecycle
Driving Instant Risk Decisions for SME Lending
Financial services organizations can find lending to small and medium-sized enterprises (SMEs) challenging. Even though SMEs represent an overwhelming majority of businesses worldwide, traditional lending institutions may not be able to offer approvals or funding to SMEs for up to 10+ weeks. Fintechs are rising to the challenge, with automated risk decisioning tech that provides instant approvals and How to Accelerate Your SME Lending Process
funding in only hours. Are you ready to accelerate your SME lending process?
Slow Lane
Fast Lane
More complex, paper-heavy application process
Simple application process
Extensive documentation required with time spent aggregating all critical data
Automated decisioning
Manual processing and underwriting of risk decisions
Rapid approval
Approval and funding can take 10+ weeks
Funding received quickly – in some cases less than 24 hours
Comparing the Approval Experience
APPROVAL
APPROVAL
Hours
MANUAL PROCESSING
AUTOMATED DECISIONING
SUBMIT DOCUMENTATION
APPLICATION
APPLICATION
Traditional Lender
Digital Lender
Bring SME Lending Into the Fast Lane (without accelerating your risk):
Simplify the Application Process: Swap long forms, paper-heavy processes and in-person visits for online applications where customers can easily track progress and submit supporting info Power Real-Time Risk Analytics: Use risk-decisioning technology to analyze business data (not personal credit scores) and get instant access to the data you need Lower the Cost of Approval: Automate the application process, easily integrate data, and power instant decisioning to save you time and resources, increasing your efficiency
1. 2. 3.
Did You Know?
SMEs represent 90% of businesses and more than 50% of employment worldwide
Most formal jobs (7 out of 10) in emerging markets are generated by SMEs
SMEs cite access to finance as the second biggest obstacle to growing their business in emerging markets and developing countries
56% of small businesses apply for funding to expand their business, pursue a new opportunity or acquire business assets
Only 48% of small businesses overall have their financing needs met
Get There Faster with Provenir’s AI-Powered Decisioning
Decisioning Cloud:
Data Cloud + Marketplace:
Provenir AI:
Access rich global data sources quickly and easily
Simplified AI for smarter decisioning
Make smarter decisions, faster
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Sources: World Bank – https://www.worldbank.org/en/topic/smefinance
Fundera – Small Business Lending Statistics and Trends 2021 – Published December 2020: https://www.fundera.com/resources/small-business-lending-statistics
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