Building Technology Bridges
HOW TO DELIVER FAST, ACCURATE, ACCESSIBLE SME LENDING Across the globe, Small and Medium-Sized Enterprises (SMEs) are driving innovation, contributing significantly to GDP, and creating jobs in every sector in every market.
90
50
%
%
Businesses that are SMEs
SME-provided employment
So why are lenders leaving $5.2 trillion in SME funding opportunities on the table? With traditional SME lending…
40
SMEs can’t get the % of funding they need
it takes up to
33
hours
to complete loan applications
Why is it so hard for lenders to meet the high demand for SME funding?
Traditional lending has a technology gap
TRADITIONAL LENDER Complex, paper-heavy application process Extensive documentation required with time spent aggregating all critical data
Manual processing and underwriting of risk decisions Approval and funding can take upwards of 10 weeks or more.
DIGITAL LENDER Rapid approval by intelligent decisioning
Simple application process and onboarding Automated decisioning with integrated data
Funding received quickly – in some cases less than 24 hours
To close the funding gap, we need to close the technology gap
TRADITIONAL LENDER
DIGITAL LENDER
10 WEEKS
24 HOURS
1. Application
1. Application
2. Submit Documentation
2. Automated Decisioning
3. Manual Processing
3. Approval
to funding
to funding
4. Approval
Build technology bridges to deliver fast, accurate, and accessible SME lending with this risk solution checklist:
Automated Decisioning • Streamline complex applications for rapid approval • Mitigate risk of default and fraud • Scale automatically with your business
Robust Data Integration and Orchestration • Evaluate risk accurately across fraud and identity • Access and integrate diverse data sources into your workflows at the right time • Automate compliance and regulatory checks
Intelligent Insights • Personalize offers in real-time • Visualize performance across the decisioning ecosystem • Test, deploy, and optimize models
Fast, Agile Platform • Rapidly change processes with drag-and-drop UI • Reduce reliance on IT and outside vendors • Improve agility and easily adapt to market changes
Future-Proof Decisioning Technology • Iterate regularly for optimal performance • Develop new, market-leading functionality • Integrate new technology as it emerges
Ready to bridge the gap to better SME lending? Read the eBook