??How Workflow Automation is Transforming the Credit Scoring Process
?? Hey there, community!
??Get ready for a gripping discussion!
SMEs are still underserved? due to their limited or nonexistent credit history.
??Let's discuss the advantages of innovative lending processes and automation and shed light on the potential impact they can have on financial inclusion and lending practices.
The Need for Alternative Credit Scoring Data and Analytics
Traditional credit scoring methods heavily rely on credit history, leaving a significant portion of the SMEs underserved due to limited or no credit history at all.
However, these models often fail to capture the full picture of a borrower's creditworthiness, especially for micro, small, and medium enterprises (SMEs). This is where alternative credit scoring comes into play.
Here you have other benefits of Alternative Credit Scoring:
??Let us know if you like this topic, and tell your thoughts on this innovation.