Nicolas Pinto的动态

[Infographic] Innovation Opportunities in SME Financing ?? https://bit.ly/3xXqAAx ? Alternative lenders have targeted underserved niche businesses to lead the ‘unbundling’ of SME financing across the value chain and industry verticals. The ancillary providers play an important role in enabling the open data network that alternative lenders use. ? 1?? Supply Chain Financing? Fintechs like Finverity, Sonovate, Hokodo and Tranch are addressing the vendor or supplier payments space with solutions like Purchase order financing, procurement financing, invoice discounting, and B2B BNPL.? 2?? Sales Based Financing Providers like Uncapped, Vitt, Liberis, and Outfund use proprietary algorithms and multiple real-time data points to enable revenue-based financing.? 3?? Operations Financing Companies like Soldo and Expend provide physical and virtual cards for spend management and offer various value-add services to businesses. Hastee has built solutions to improve employees' financial health by providing on-demand access to earned income and salary advance loans. iwoca and Funding Xchange also offer various forms of unsecured business loans to SMEs looking for alternatives to collateral-backed loans. Access to high-fidelity alternative data from public databases and enterprise digital platforms, and financial automation are transforming the speed and efficiency with which credit risk can be assessed. Banks can now:? ?? Perform fully digital eligibility checks, reducing cost and turnaround time significantly ?? Run automated models to identify business-specific credit limits and repayment tenures; ?? Simulate price elasticity of demand for risk-based pricing and negotiation ?? Leverage flow-based underwriting models for creditworthiness ?? Assess behavioural patterns for risk and fraud indicators? ?? Analyse cash-flow situations? The digital technology layer that helps banks to plug into SME business data is an essential building block for lending innovation. Adopting this opens up near-endless possibilities for banks to develop targeted, segment-specific lending products. A business-data-led and unbundled approach to alternative lending will help banks innovate around some of the most entrenched challenges:?? ? Underwriting of unsecured loans ? Collateralisation of cash flows ? Flexible repayments Currently, fintechs are leading the charge by innovating and proving the use cases for unbundled, alternative lending solutions. While the long-term advantage in this highly regulated product space belongs to traditional lenders, they need to bridge the gap in leveraging SMEs’ digital data ecosystem and adapt their underwriting models to regain the lead ?? Finextra? BANKINGSTACK WhiteSight #Innovation #Fintech #Banking #DigitalBanking #Neobanks #Ecommerce #Retail #OpenBanking #OpenFinance #EmbeddedFinance #OpenAPIs #BaaS #Platforms #Marketplaces #FinancialServices #CoreBanking #Payments #Lending #Loans #BNPL #OpenData #Cloud #SaaS #SME #SMB?