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02 Oct 2018
Data is the key to effective decision making – of any kind. By acquiring and analyzing data, you can better inform and guide the decision. Why? Because limited or misleading information rarely ever results in good outcomes. Yet, for decades, lenders have based small-business lending decisions on outdated data points such as FICO scores or tax r...
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26 Sep 2018
New data sets are paraded before the lending market constantly, each promising to provide all the information needed to understand customers inside and out. The individual value of these data types varies greatly, as does the level of automation required to access, filter and standardize it into formats that can be easily analyzed. But when comb
31 Aug 2018
Over the last few years the commercial lending industry has undergone considerable change. Low interest rates and a calmer financial climate have ensured plentiful opportunities for both lenders and the businesses they support to grow. At the center of all this change are SMEs. Previously overlooked, SMEs are now considered an important factor of t...
18 Oct 2017
Data is a key resource – if not the resource – that powers modern business. Yet, unless it is in a homogenized package, its benefits are limited, thus limiting what industries – especially the accounting and lending industries – can achieve for its clients. The power of data is well known. However, full adoption has been slow, despite the indisput...